LEDGERS - UNIT

Item 7 lays out the initial investment for a Ledgers unit franchise at $28,200 to $89,700, covering the $15,000 franchise fee, equipment, initial marketing, and three months' operating expenses from a single home-based or small office location. Ongoing fees hit 10% of gross revenues for royalties plus 3% into the ad fund, which supports brand promotion in territories targeting small and medium businesses for advisory, payroll, taxes, and bookkeeping. No Item 19 means no validated revenue or profit figures from existing units, forcing buyers to rely on seller estimates or their own projections—critical in a model banking on tax-season surges amid online disruptors.

System metrics raise flags: just 2 franchised units as of 2025 FDD, down 50% from 4 in 2023, with only 4 new units projected amid zero terminations or transfers noted. Franchising since 2020 from Virginia Beach HQ under Loyalty, LLC, this micro-brand competes fiercely but offers protected territories and proven processes. For risk-tolerant operators eyeing under-$90K entry in services, it could work if you grind year-round beyond January-April peaks; otherwise, the shrinkage trend and lack of financial transparency suggest scouting bigger, proven networks.