In what year did Ledgers have one termination in Texas?
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 | 0 | 0 | 0 | 0 | 1 |
| 2023 | 1 | 0 | 0 | 0 | 1 | 0 | 0 | |
| 2024 | 0 | 0 | 0 | 0 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 42–45)
What This Means (2025 FDD)
According to Ledgers' 2025 Franchise Disclosure Document, in 2022, one Ledgers franchise in Texas was terminated. The table provided in Item 20 of the FDD outlines outlet information, including terminations, across different states and years.
Specifically, for Texas in 2022, the table shows 2 outlets at the start of the year, no outlets opened, and 1 termination. This resulted in 1 outlet at the end of the year.
This information is valuable for prospective franchisees as it provides insight into the stability and performance of Ledgers franchises in specific regions. Terminations can occur for various reasons, and understanding the frequency and location of these events can help potential franchisees assess the risks and opportunities associated with investing in a Ledgers franchise in a particular area.