What was the net change in the number of franchised and licensed Lees Famous Recipe outlets in 2023?
Lees_Famous_Recipe Franchise · 2025 FDDAnswer from 2025 FDD Document
| Outlet Type | Year | Start of the Year | of the Year | Net Change |
|---|---|---|---|---|
| Franchised and | 2022 | 124 | 114 | -10 |
| Licensed | ||||
| 2023 | 114 | 106 | -8 | |
| 2024 | 106 | 93 | -13 | |
| Company-Owned | 2022 | 4 | 12 | +8 |
| 2023 | 12 | 17 | +5 | |
| 2024 | 17 | 33 | +16 | |
| Total Outlets | 2022 | 128 | 126 | -2 |
| 2023 | 126 | 123 | -3 | |
| 2024 | 123 | 126 | +3 |
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, the net change in the number of franchised and licensed outlets during 2023 was a decrease of 8 locations. At the start of 2023, there were 114 franchised and licensed outlets, which decreased to 106 by the end of the year. This information is part of a table summarizing outlet data from 2022 to 2024.
This decrease in franchised locations could be due to several factors, such as closures, terminations, or non-renewals of franchise agreements. It's important to note that this net change reflects the overall system performance and may not directly indicate the performance of individual franchise locations. Prospective franchisees should investigate the reasons behind these changes to understand the dynamics of the Lees Famous Recipe franchise system.
Understanding the trends in outlet numbers is crucial for potential franchisees. While a decrease in outlet numbers might raise concerns, it's essential to consider the broader context, including the opening of company-owned stores, transfers of ownership, and the overall health of the franchise system. Further research and discussions with the franchisor and existing franchisees are recommended to gain a comprehensive understanding of these changes.