How many Potbelly Sandwich Works outlets were in Indiana at the end of 2024?
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, there were 9 Potbelly Sandwich Works outlets in Indiana at the end of 2024. The FDD provides a table that tracks the number of outlets in each state over the past three years. For Indiana, the table shows that the number of outlets remained constant at 9 for the years 2022, 2023, and 2024. There were no outlets opened, reacquired, or closed during this period.
This information is useful for prospective franchisees as it provides insight into the existing market presence of Potbelly Sandwich Works in Indiana. The fact that the number of outlets has remained stable for three years could indicate a mature market with limited growth potential, or it could simply reflect a strategic decision by the franchisor not to expand further in the state at this time.
Additionally, the FDD projects that 4 new company-owned Potbelly Sandwich Works outlets will open in Indiana during the next fiscal year. This suggests that Potbelly Sandwich Works sees potential for growth in the Indiana market, but intends to pursue it through company-owned rather than franchised locations. A potential franchisee should consider the implications of competing with these new company-owned stores.
Overall, the data suggests that while the franchised Potbelly Sandwich Works presence in Indiana has been stable, the company anticipates growth through corporate-owned stores. A franchisee should inquire about the reasons behind this strategy and how it might affect their potential business.