How many Potbelly Sandwich Works outlets were sold to franchisees in Utah during 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, one outlet in Utah was sold to a franchisee during 2024. The table provided in Item 20 details the changes in franchised outlet counts across various states over the past three years. This information is crucial for potential franchisees to understand the dynamics of the Potbelly Sandwich Works franchise network in specific regions.
Specifically, the table shows that Utah had one outlet at the start of 2024, and by the end of the year, the number decreased to zero. This decrease is accounted for by one outlet being sold to a franchisee. This indicates a transfer of ownership from the company to a franchisee within the state during that year.
For a prospective franchisee, this data point highlights the potential for acquiring existing Potbelly Sandwich Works locations rather than solely focusing on opening new ones. It also provides insight into the brand's strategy in Utah, where it appears they are shifting towards a franchise-owned model. Reviewing this table for other states can reveal broader trends in Potbelly Sandwich Works's franchising approach and growth strategy.