How many total Ledgers outlets were operating at the end of 2022?

According to Ledgers's 2025 Franchise Disclosure Document, at the end of 2022, there were a total of 8 Ledgers outlets operating. This number includes both franchised and company-owned outlets. Specifically, there were 8 franchised outlets and 0 company-owned outlets in operation at the close of 2022.

For a prospective franchisee, this indicates the size and composition of the Ledgers network at that time. It's important to note that all outlets were franchised, suggesting that Ledgers primarily relies on the franchise model for its business operations. This information can be useful for understanding the growth and operational strategies of Ledgers.

However, the numbers also show a decrease in total outlets in the following years, with the total dropping to 4 in 2023 and further to 2 in 2024. This trend should prompt further investigation into the reasons behind the closures and whether this is an ongoing concern for the franchise system. A prospective franchisee should inquire about the support and strategies Ledgers has in place to help franchisees succeed and prevent closures.

Overall, while the initial number of outlets in 2022 seems reasonable, the subsequent decline highlights the need for careful consideration and due diligence before investing in a Ledgers franchise. Understanding the factors contributing to outlet closures is crucial for assessing the long-term viability and potential risks associated with this franchise opportunity.