What was the net change in the number of total Ledgers outlets during 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, the net change in the number of total Ledgers outlets during 2023 was -4. This means that the total number of Ledgers outlets decreased by four during that year. At the start of 2023, there were 8 total outlets, and by the end of the year, the number had dropped to 4.
This decrease in total outlets could be due to several factors, such as closures, terminations, or non-renewals of franchise agreements. For a prospective franchisee, this information is crucial as it indicates the recent performance and stability of the Ledgers franchise system. A declining number of outlets may signal potential challenges or issues within the franchise that require further investigation.
It is important for potential franchisees to delve deeper into the reasons behind this net decrease. Understanding why outlets closed or terminated their agreements can provide valuable insights into the risks and opportunities associated with investing in a Ledgers franchise. Speaking with current and former franchisees, as well as conducting thorough market research, can help in assessing the long-term viability of the franchise.