What was the net change in the number of Petro Stopping Center franchised outlets during 2022?
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 franchised outlets during 2022 was -2. This means that Petro Stopping Center had two fewer franchised locations at the end of 2022 than it did at the beginning of the year. Specifically, the number of Petro Stopping Center franchised outlets decreased from 13 at the start of 2022 to 11 by the end of the year.
This decrease could be due to several factors, such as closures, terminations, or non-renewals of franchise agreements. It is important to note that while the number of franchised locations decreased, the number of company-owned outlets increased by 2 during the same period, from 63 to 65. This suggests a possible shift in Petro Stopping Center's strategy towards more company-owned operations.
For a prospective franchisee, this information highlights the importance of understanding the reasons behind the net change in outlet numbers. It would be prudent to inquire with Petro Stopping Center about the specific causes for the decrease in franchised locations during 2022. Understanding the reasons for this change can provide valuable insights into the stability and potential risks associated with investing in a Petro Stopping Center franchise.