table_specific
How many Ledgers units were closed according to the FDD?
Ledgers Franchise · 2025 FDDAnswer from 2025 FDD Document
| Units | ARA Units | |
|---|---|---|
| Units/ARA Units beginning of year | 2 | 1 |
| Units purchased/obtained | *** | 7 2 2 |
| New units opened | 1 | 8 |
| Units Sold | I.E. | |
| Units closed | (1) | |
| Units/ARA Units at year end | 2 | 1 |
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to Ledgers' 2025 Franchise Disclosure Document, one Ledgers unit was closed during the reported period. The FDD also tracks information for what it refers to as "ARA Units", but no information is provided as to whether any of these units closed during the same period.
It is important to note that the closure of a franchise unit does not necessarily indicate a failure of the business. There can be various reasons for a closure, including the franchisee's decision to retire, sell the business, or pursue other opportunities.
A prospective franchisee should inquire about the reasons for any unit closures and assess the overall health and performance of the Ledgers franchise system.
Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only.
It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.