How many Potbelly Sandwich Works outlets opened in Michigan during 2024?
Potbelly_Sandwich_Works Franchise · 2025 FDDAnswer from 2025 FDD Document
tus 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. 8 Outlets at End of the Year |
|---|---|---|---|---|---|---|---|
| Arizona | 2022 | 10 | 0 | 0 | 0 | 0 | 10 |
| 2023 | 10 | 0 | 0 | 0 | 0 | 10 | |
| 2024 | 10 | 0 | 0 |
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 Potbelly Sandwich Works outlet opened in Michigan during 2024. The FDD provides a table summarizing outlet data from 2022 to 2024, showing the number of outlets at the start of the year, outlets opened, outlets reacquired from franchisees, outlets closed, outlets sold to franchisees, and outlets at the end of the year.
Specifically, for Michigan in 2024, there were 29 outlets at the start of the year, one outlet opened, no outlets were reacquired, one outlet closed, no outlets were sold to franchisees, and 29 outlets at the end of the year. This information is valuable for prospective franchisees as it provides a clear picture of the brand's growth and changes in Michigan over the past three years.
Reviewing this data helps potential franchisees understand the stability and expansion of Potbelly Sandwich Works in a specific state. It is important to note that while one new store opened, one also closed, resulting in no net growth in the state for that year. This could indicate market saturation, changing consumer preferences, or other local economic factors that a franchisee should investigate further before investing.