What was the total number of Lees Famous Recipe outlets at the end of 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 total number of outlets at the end of 2023 was 123. This number is derived from a combination of franchised/licensed and company-owned stores. At the start of 2023, there were 126 total outlets. During 2023, the total outlets experienced a net change of -3, resulting in 123 outlets by the end of the year.
Specifically, the number of franchised and licensed Lees Famous Recipe outlets decreased from 114 at the beginning of 2023 to 106 by the end of the year, representing a net decrease of 8 franchised locations. Conversely, the number of company-owned Lees Famous Recipe outlets increased from 12 at the start of 2023 to 17 by the end of the year, showing a net increase of 5 company-owned locations.
For a prospective franchisee, this data indicates a slight contraction in the overall number of Lees Famous Recipe locations, driven by a decrease in franchised outlets, but partially offset by an increase in company-owned stores. This trend could suggest a strategic shift by Lees Famous Recipe towards more company-owned operations or challenges in maintaining or growing the franchised base. It would be prudent for potential franchisees to inquire about the reasons for these changes and the support provided to franchisees to sustain and grow their businesses.