In which state did Ledgers have a termination in 2022?
Ledgers Franchise · 2025 FDDAnswer from 2025 FDD Document
ranchisor) For Fiscal Years 2022 to 2024**
| State | Year | Number of Transfers | |---|---|---| | Total | 2022 | 0 | | | 2023 | 0 | | | 2024 | 0 | Table No. 3 Status of Franchise Outlets For Years 2022 to 2024
| State | Year | Outlets at Start of Year | Outlets Opened | Ter minatio ns | Non Renew als | Reacquired by Franchisor | Ceased Operations Other Reasons | Outlets at End of Year |
|---|---|---|---|---|---|---|---|---|
| Connecticut | 2022 | 1 | 0 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 42–45)
What This Means (2025 FDD)
According to Ledgers' 2025 Franchise Disclosure Document, there was one franchise termination in 2022. The table provided in Item 20 of the FDD outlines the status of franchise outlets for the years 2022 to 2024, including terminations, non-renewals, and other reasons for ceased operations.
Specifically, in 2022, Ledgers experienced one termination in Texas. The table shows that Texas had two outlets at the start of 2022, zero outlets opened during the year, one termination, and ended the year with one outlet.
This information is crucial for potential franchisees as it provides insight into the stability and success rate of Ledgers franchises in different states. A high number of terminations could indicate issues with the franchise model, market conditions, or franchisor-franchisee relationships, while a low number suggests a more stable and successful system.