How many Potbelly Sandwich Works outlets closed in New Jersey during 2022?
Potbelly_Sandwich_Works Franchise · 2025 FDDAnswer from 2025 FDD Document
| Col. 1 State | Col. 2 Year | Col. 3 Outlets at Start of Year | Col. 4 Outlets Opened | Col. 5 Termina- tions | Col. 6 Non- Renewals | Col. 7 Reacquired by Franchisor | Col. 8 Ceased Opera- tions – Other Reasons | Col. 9 Outlets at End of the Year | |---|---|---|---|---|---|---|---|---| | | 2024 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | Tennessee | 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2024 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | Texas | 2022 | 5 | 0 | 0 | 0 | 0 | 0 | 5 | | | 2023 | 5 | 0 | 0 | 0 | 0 | 0 | 5 | | | 2024 | 5 | 1 | 0 | 0 | 0 | 0 | 6 | | Utah | 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | | 2023 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | | 2024 | 0 | 1 | 0 | 0 | 0 | 0 | 1 | | Virginia | 2022 | 5 | 0 | 0 | 0 | 0 | 0 | 5 | | | 2023 | 5 | 0 | 0 | 0 | 0 | 0 | 5 | | | 2024 | 5 | 0 | 0 | 0 | 0 | 0 | 5 | | Washington | 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | | 2023 | 0 | 11 | 2 | 0 | 0 | 0 | 9 | | | 2024 | 9 | 0 | 0 | 0 | 0 | 0 | 9 | | Totals | 2022 | 46 | 1 | 2 | 0 | 0 | 0 | 45 | | | 2023 | 45 | 38 | 4 | 0 | 0 | 0 | 79 | | | 2024 | 79 | 18 | 2 | 0 | 0 | 0 | 95 | Table No. 4 Status of Company-Owned Outlets For years 2022 to 2024
| Col. 1 State | Col. 2 Year | Col. 3 Outlets at Start of the Year | Col. 4 Outlets Opened | Col. 5 Outlets Reacquired From Franchisee | Col. 6 Outlets Closed | Col. 7 Outlets Sold to Franchisee | Col.
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 70–78)
What This Means (2025 FDD)
According to Potbelly Sandwich Works's 2025 Franchise Disclosure Document, one outlet in New Jersey closed during 2022. The table provided in Item 20 of the FDD outlines outlet data by state and year, including openings, closures, and net changes. At the start of 2022, Potbelly Sandwich Works had one outlet in New Jersey, and by the end of the year, that number decreased to zero due to one closure.
This information is crucial for potential franchisees as it provides insight into the stability and performance of Potbelly Sandwich Works locations in specific geographic areas. A high number of closures in a particular state could indicate market challenges or other factors that might affect the success of a new franchise. Conversely, a low number of closures could be a positive sign.
Prospective franchisees should investigate the reasons behind any closures in their target market. Understanding whether closures were due to poor location choices, management issues, or broader economic factors can help franchisees make informed decisions. It's also important to note that past performance is not necessarily indicative of future results, but it can provide valuable context for assessing risk and opportunity.
Therefore, reviewing the history of outlet performance, as detailed in Item 20, is a critical step in the due diligence process for anyone considering investing in a Potbelly Sandwich Works franchise. This information, combined with other research and consultation with existing franchisees, can contribute to a well-informed investment decision.