What was the net change in the number of company-owned Petro Stopping Center 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, there were 65 company-owned Petro Stopping Center outlets, and by the end of the year, this number had increased to 66.
This information is valuable for prospective franchisees as it provides insight into the growth and stability of company-owned locations. While franchised locations remained constant, the addition of a company-owned outlet suggests a potential strategy of corporate expansion or reinvestment in the brand. Franchisees may find this encouraging, as it indicates Petro Stopping Center's commitment to growing its presence.
It's important to note that while the overall number of company-owned locations increased slightly, the FDD does not provide specific details on why this change occurred. It is unclear whether the increase was due to the opening of a new location, an acquisition, or a conversion of a franchised location to a company-owned one. Further investigation may be required to understand the reasons behind this change and its potential impact on franchisees.