What was the net change in the number of total Ledgers outlets during 2022?
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, the net change in the number of total Ledgers outlets during 2022 was an increase of one outlet. At the start of 2022, there were 7 total outlets, and by the end of the year, the total number of outlets had increased to 8. This increase is reflected in the 'Net Change' column, which shows '+1'.
Specifically, this net change is the result of activity in franchised outlets. The number of franchised Ledgers outlets increased from 7 at the beginning of 2022 to 8 by the end of the year, resulting in a net change of +1. The number of company-owned outlets remained stable at zero throughout 2022, contributing no change to the overall net change in total outlets.
This information is valuable for prospective franchisees as it provides a snapshot of the system's growth and stability. A positive net change suggests that the franchise is expanding, which can be an indicator of a healthy and attractive business opportunity. However, it is important to consider these figures in the context of other factors, such as the number of new outlets opened versus the number of outlets closed, to gain a comprehensive understanding of the franchise's performance.