What was the net change in the number of franchised Ledgers outlets during 2023?

According to Ledgers's 2025 Franchise Disclosure Document, the net change in the number of franchised outlets during 2023 was -4. This means that Ledgers had 4 fewer franchised locations at the end of 2023 than it did at the beginning of the year. At the start of 2023, there were 8 franchised Ledgers outlets, but by the end of the year, this number had decreased to 4.

This decrease in franchised outlets could be due to several factors, such as franchise terminations, non-renewals, or re acquisitions by the franchisor. For a prospective franchisee, this information highlights the importance of understanding the reasons behind outlet closures and the overall health and stability of the Ledgers franchise system. It would be prudent to investigate why these closures occurred and what Ledgers is doing to support its franchisees and prevent future closures.

It's also worth noting that while the total number of franchised outlets decreased, this does not necessarily indicate a decline in the overall performance of the Ledgers system. It is important to consider other factors such as gross revenue, customer satisfaction, and the performance of individual franchise locations. Prospective franchisees should carefully review all available information and speak with current and former franchisees to gain a comprehensive understanding of the Ledgers franchise opportunity.

Overall, the net change in franchised outlets provides a snapshot of the Ledgers franchise system's growth or contraction during a specific period. While a decrease in outlets may raise concerns, it is essential to analyze the underlying causes and consider other relevant factors before making a decision about investing in a Ledgers franchise.