For Moes Southwest Grill, in which state are the most franchise agreements signed but the restaurant not yet open?

According to Moe's Southwest Grill's 2025 Franchise Disclosure Document, North Carolina has the highest number of franchise agreements signed for restaurants that are not yet open. As of the end of the reporting period, there are 23 franchise agreements signed in North Carolina for locations that have not commenced operations. New York follows with 17 signed agreements, and Tennessee has 11. Arizona and Michigan each have 9.

This data is relevant for prospective franchisees as it indicates areas where Moe's Southwest Grill is actively expanding but has not yet fully established its presence. A high number of signed agreements without open restaurants could suggest potential challenges in site selection, permitting, construction, or franchisee onboarding within those states. It could also represent a strategic focus on future growth in those markets.

It is important to note that the number of franchise agreements signed but not yet open can fluctuate due to various factors, including economic conditions, local market dynamics, and the franchisor's development strategy. A prospective franchisee should inquire about the reasons behind the high number of unopened locations in specific states and the support Moe's Southwest Grill provides to help franchisees successfully launch their restaurants.