table_specific
What was the net change in the total number of 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 total number of outlets during 2023 was -4. This means that Ledgers had 4 fewer total outlets at the end of 2023 than it did at the beginning of the year.
Specifically, the number of franchised outlets decreased from 8 at the start of 2023 to 4 at the end of the year. The number of company-owned outlets remained at 0 throughout 2023.
A prospective franchisee should investigate the reasons for this net decrease in franchised outlets. Understanding why existing franchisees left the system can provide valuable insight into the challenges and potential risks of investing in a Ledgers franchise.
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.