What was the total number of Lees Famous Recipe franchise transfers across all states in 2023?
Lees_Famous_Recipe Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year | Number of Transfers |
|---|---|---|
| 2022 | 2 | |
| Kentucky | 2023 | 0 |
| 2024 | 1 | |
| 2022 | 0 | |
| Ohio | 2023 | 1 |
| 2024 | 0 | |
| 2022 | 2 | |
| Total | 2023 | 1 |
| 2024 | 1 |
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 total number of franchise transfers across all states in 2023 was 1. The table provided in Item 20 includes data regarding the number of transfers of outlets from franchisees to new owners, excluding transfers to the franchisor, for the years 2022 to 2024.
Specifically, the table lists the number of transfers for Kentucky, Ohio, and a total. In 2023, Kentucky had 0 transfers, Ohio had 1 transfer, and the total number of transfers was 1.
This information is relevant for prospective franchisees as it provides insight into the stability and desirability of existing Lees Famous Recipe franchise locations. A low number of transfers could indicate franchisee satisfaction or a lack of potential buyers, while a high number might suggest instability or difficulty in operating the franchise.