How many Lees Famous Recipe outlets were reacquired from franchisees in 2024?
Lees_Famous_Recipe Franchise · 2025 FDDAnswer from 2025 FDD Document
| Outlets | Outlets at End of the Year | ||||||
|---|---|---|---|---|---|---|---|
| Outlets at Start | Outlets | Reacquired From | Outlets | Outlets Sold to | |||
| State | Year | of the Year | Opened | Franchisee | Closed | Franchisee | |
| Florida | 2022 | 2 | 0 | 0 | 0 | 0 | 2 |
| 2023 | 2 | 0 | 1 | 0 | 0 | 3 | |
| 2024 | 3 | 0 | 0 | 0 | 0 | 3 | |
| Illinois | 2022 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2023 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 2024 | 0 | 0 | 2 | 0 | 0 | 2 | |
| Indiana | 2022 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2023 | 0 | 0 | 4 | 0 | 0 | 4 | |
| 2024 | 4 | 0 | 0 | 0 | 0 | 4 | |
| Kentucky | 2022 | 0 | 0 | 1 | 0 | 0 | 1 |
| 2023 | 1 | 0 | 0 | 0 | 0 | 1 | |
| 2024 | 1 | 0 | 1 | 0 | 0 | 2 | |
| Missouri | 2022 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2023 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 2024 | 0 | 0 | 13 | 0 | 0 | 13 | |
| Ohio | 2022 | 2 | 0 | 7 | 0 | 0 | 9 |
| 2023 | 9 | 0 | 0 | 0 | 0 | 9 | |
| 2024 | 9 | 0 | 0 | 0 | 0 | 9 | |
| Totals | 2022 | 4 | 0 | 8 | 0 | 0 | 12 |
| 2023 | 12 | 0 | 5 | 0 | 0 | 17 | |
| 2024 | 17 | 0 | 16 | 0 | 0 | 33 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 66–69)
What This Means (2025 FDD)
According to Lees Famous Recipe's 2025 Franchise Disclosure Document, a total of 16 outlets were reacquired from franchisees during 2024. This figure is derived from the 'Totals' row under the 'Reacquired From Franchisee' column in Table No. 4, which summarizes the status of company-owned outlets.
Specifically, the table provides a breakdown by state, showing that Missouri had the highest number of reacquired Lees Famous Recipe locations with 13, followed by Kentucky with 1, and Illinois with 2. This indicates that Lees Famous Recipe strategically reacquired units in certain markets, potentially to consolidate operations or improve performance in those areas.
For a prospective franchisee, this data highlights the potential for Lees Famous Recipe to reacquire franchises. While reacquisition can provide an exit strategy for franchisees, it may also signal areas where the franchisor sees an opportunity for direct management. Understanding the reasons behind these re acquisitions, and where they are most likely to occur, could be a key consideration for anyone investing in a Lees Famous Recipe franchise.