What was the total number of Ledgers outlets at the start of 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' 2025 Franchise Disclosure Document, at the start of 2022, there were a total of 7 Ledgers outlets. These were all franchised locations, as there were 0 company-owned outlets at that time.
Specifically, the FDD provides a table summarizing systemwide outlet information. This table breaks down the number of franchised and company-owned outlets at the beginning and end of each year, as well as the net change in outlets. For a prospective franchisee, this provides a quick overview of the size and composition of the Ledgers franchise system during the past three years.
It is important to note the distinction between franchised and company-owned outlets, as this can impact the support and resources available to franchisees. A system that is heavily weighted towards company-owned stores may have different priorities or strategies than one that is primarily franchise-based. The number of outlets opened or closed per year can indicate the growth and stability of the franchise system.
Reviewing the trends in outlet numbers over several years, as presented in the FDD, can give potential franchisees insight into the overall health and direction of the Ledgers franchise.