Key Numbers
3
Total units open
2
Units opened last year
0
Units closed last year
+2
Net unit growth
Ledgers Franchise
Franchised by Loyalty Business Services LLC d/b/a Ledgers · FDD 2026
Financial Services FDD 2026 Founded 2019 · 7+ yrs No Item 19
Data extracted from Loyalty Business Services LLC d/b/a Ledgers's 2026 Franchise Disclosure Document, filed under FTC Rule 16 CFR 436. How we analyze FDDs →
Initial investment
$155K - $314K
Franchise fee
$150K
System size
3 (+2)
Royalty
50%
The Verdict
Quick Verdict · who it fits
Ledgers fits first-time franchise buyers looking for an emerging financial services concept.
✓ Strengths
- ✓No disclosed Item 3 litigation
⚠ Risks to review
- ⚠No Item 19 disclosure — buyers fly blind on revenue
- ⚠High royalty: 50.0% vs industry 12.0%
- ⚠No exclusive territory — franchisor can open nearby
Key FDD Facts
The numbers a buyer needs first — straight from the filing.
Initial investment (Item 7)
$155K - $314K
Franchise fee (Item 5)
$150K
Royalty (Item 6)
50%
System size (Item 20)
3 +2
Agreement term
10 yrs
Years in business
7+ yrs
Item 3 litigation
None disclosed
Model Ledgers's costs in the investment calculator → Prefilled from this filing — startup cost, cash flow and break-even.
Buyer qualifications
✓Financing available•No exclusive territory✓Semi-absentee eligible✓No bankruptcy disclosed✓No Item 3 litigation
Data extracted from the 2026 FDD filed with state regulators. Fees and terms may have changed since filing — request the current FDD from the franchisor before deciding. Not legal, financial, or investment advice. Full disclaimer.
What you'd pay the franchisor
Drag to your projected annual sales. Royalty 50% on gross sales.
PROJECTED ANNUAL SALES$500,000
$100k$2M
Royalty (50%)
—
Total / year
—
▪ Of-sales fees only · excludes rent, labor, COGS, and one-time costs · for illustration
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What's inside
Franchise Overview
Costs & Fees Breakdown
Your Obligations
Franchisor Obligations
Financial Statements
Contracts Summary
Unit Economics
Network Health
Litigation Risk
Earnings Analysis
Financial Fit Analysis
Buyer Verdict
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Research, not legal advice. Use this report alongside professional legal and financial review before signing any franchise agreement.
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Competitive intelligence for franchisors →Executive Summary
Free AI summary — the first read on the filing.
AI Due Diligence Findings PREMIUM
What our analysis flagged across the 2026 filing.
5
Risks to review
3
Strengths identified
4
Questions to ask
Industry Benchmarks
How Ledgers ranks against 29 Financial Services peers we've analyzed.
Initial investment
96th pct · of 29 peers
Franchise fee
96th pct · of 29 peers
System size
6th pct · of 29 peers
Financial Services industry averages
Avg investment
$58K - $182K
Avg franchise fee
$37K
Avg system size
450
Franchises analyzed
29
How Ledgers stacks up
Closest concepts by category and investment.
| Brand | Item 19 | Fee | Investment | Royalty | Units |
|---|---|---|---|---|---|
| Ledgers | None | $150K | $155K - $314K | 50% | 3 |
| Commission Express National Similar price | None | $20K | $108K - $299K | 9% | 38 |
| Ameriprise Financial Services Biggest system | Disclosed | $2K | $10K - $138K | 72–91% | 3,738 |
| Brightway Insurance Top-rated in category | Disclosed | $25K | $43K - $187K | — | 351 |
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Frequently asked questions
How much does a Ledgers franchise cost?
Ledgers requires a $150,000 initial franchise fee and a total initial investment range of $155,250–$314,000, per the most recent FDD on file.
Who owns Ledgers?
Ledgers is franchised by Loyalty Business Services LLC d/b/a Ledgers, the franchisor entity of record on its Franchise Disclosure Document. Item 1 of the FDD discloses the franchisor's corporate history, parents, and predecessors.
Does Ledgers disclose financial performance (Item 19)?
No. Ledgers does not include a financial performance representation in its FDD. Prospective buyers should rely on validation calls with existing franchisees and benchmark against industry medians.
What ongoing fees does Ledgers charge?
Franchisees pay a royalty of 50% on gross sales as defined in Item 6 of the FDD.
How many Ledgers locations are there?
As of their 2026 FDD, Ledgers has 3 total locations, with 2 new locations opened in the most recent reporting year. This information comes from Item 20 of the FDD.
Does Ledgers grant exclusive territory?
No. Ledgers does not grant exclusive territory rights under Item 12. The franchisor retains the right to operate or grant additional units inside or adjacent to your trade area.
What are the renewal and exit terms?
Per the FDD, Ledgers discloses an initial agreement term of 10 years, a renewal fee of $0, a transfer fee of $10,000. Review Items 10 and 17 for the full renewal and termination provisions.
Franchise research guides
Free explainers to go deeper before you sign.
Industry
Browse all Financial Services franchises
FDD basics
What is a Franchise Disclosure Document?
Costs
Understanding Item 7: Estimated Initial Investment
Earnings
Item 19: Financial Performance Representations
Due diligence
Franchise Red Flags to Watch For
Validation
How to Validate a Franchise Opportunity
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