How many Potbelly Sandwich Works outlets were sold to franchisees in Maryland during 2023?
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, in 2023, 12 outlets were sold to franchisees in Maryland. The table provided in Item 20 of the FDD details the changes in outlet status across various states from 2022 to 2024. This includes information on outlets at the start and end of the year, outlets opened, reacquired, closed, and sold to franchisees.
For a prospective franchisee, this data indicates the level of franchise activity within specific states. The sale of 12 outlets to franchisees in Maryland during 2023 suggests a significant transfer of ownership from the company to franchisees. This could be interpreted as a strategic move by Potbelly Sandwich Works to expand its franchise network in that state.
However, it's important to note that while 12 outlets were sold to franchisees, the total number of outlets in Maryland decreased from 26 in 2022 to 13 in 2023. This decrease was due to one outlet closing, in addition to the sale of the 12 outlets. This could indicate market challenges or strategic decisions to consolidate or restructure operations in Maryland. A prospective franchisee should investigate the reasons behind these changes to assess the stability and potential of the Maryland market.
Overall, the information in Item 20 provides valuable insights into the dynamics of Potbelly Sandwich Works's franchise network, including growth, contraction, and ownership changes. Reviewing this data carefully can help potential franchisees make informed decisions about their investment and market entry strategies.