What was the net change in the number of Petro Stopping Center company-owned outlets during 2024?
Petro_Stopping_Center Franchise · 2025 FDDAnswer from 2025 FDD Document
| Outlet Type | Year | Outlets at the Start of the Year | Outlets at the End of the Year | Net Change |
|---|---|---|---|---|
| 2022 | 13 | 11 | -2 | |
| Petro Franchised | 2023 | 11 | 11 | 0 |
| 2024 | 11 | 11 | 0 | |
| D. C. | 2022 | 63 | 65 | +2 |
| Petro Company- | 2023 | 65 | 65 | 0 |
| Owned | ||||
| Owned | 2024 | 65 | 66 | +1 |
| 2022 | 76 | 76 | 0 | |
| Total Outlets | 2023 | 76 | 76 | 0 |
| 2024 | 76 | 77 | +1 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 79–87)
What This Means (2025 FDD)
According to Petro Stopping Center's 2025 Franchise Disclosure Document, the net change in the number of company-owned outlets during 2024 was an increase of one location. At the start of 2024, Petro Stopping Center had 65 company-owned outlets, and by the end of the year, this number increased to 66. This represents a net change of +1.
It's important to note that while the total number of company-owned Petro Stopping Center locations increased, the number of franchised locations remained constant at 11 throughout 2024. This indicates that the overall growth in the number of Petro Stopping Center outlets was driven solely by the expansion of company-owned operations during that year. The total number of Petro Stopping Center outlets went from 76 to 77 in 2024.
For a prospective franchisee, this information provides insight into Petro Stopping Center's growth strategy, which appears to be focused on expanding its company-owned presence. While the number of franchised locations remained stable, the addition of a company-owned outlet suggests a strategic decision by Petro Stopping Center to invest in and operate its own locations. This could be due to various factors, such as greater control over operations, higher profit margins, or strategic market positioning.