How many total Ledgers outlets were operating at the start of 2023?
Ledgers Franchise · 2025 FDDAnswer from 2025 FDD Document
| Outlet Type | Year | Outlets at the Start of Year | Outlets at the End of Year | Net Change |
|---|---|---|---|---|
| Franchised | 2022 | 7 | 8 | 1 |
| 2023 | 8 | 4 | -4 | |
| 2024 | 4 | 2 | -2 | |
| Company | 2022 | 0 | 0 | 0 |
| Owned | 2023 | 0 | 0 | 0 |
| 2024 | 0 | 0 | 0 | |
| Total Outlets | 2022 | 7 | 8 | +1 |
| 2023 | 8 | 4 | -4 | |
| 2024 | 4 | 2 | -2 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 42–45)
What This Means (2025 FDD)
According to Ledgers's 2025 Franchise Disclosure Document, there were a total of 8 Ledgers outlets operating at the start of 2023. This number includes 8 franchised outlets and 0 company-owned outlets.
It is important to note the distinction between franchised and company-owned outlets, as this can impact the overall business model and investment required for a prospective franchisee. The FDD provides a breakdown of these numbers to give potential franchisees a clear picture of the franchise system's composition.
Understanding the number of outlets at the start of the year, as well as the net change in outlets, can help a potential franchisee assess the stability and growth of the Ledgers franchise system. This information, combined with data on outlet openings, closures, and transfers, provides a comprehensive view of the franchise's performance over time.