About Ledgers Franchise
Ledgers Area Representative is a management level franchise opportunity within the Ledgers business services brand.
Rather than delivering tax and bookkeeping services directly, Area Representatives recruit, support, and oversee a network of individual Ledgers unit locations within a designated region, creating a scalable business built on leadership and territory development.
The initial franchise fee ranges from $150,000 to $300,000, reflecting the broader scope of the Area Representative role.
Ledgers Franchise Cost & Fees
Minimum Investment
$155K
Average Investment
$235K
Maximum Investment
$314K
| Fee Type | Amount | Notes |
|---|---|---|
| Initial Franchise Fee | $150,000 to $300,000 | One-time payment upon signing |
| Royalty Fee | N/A (Area Representative earns 50% of Unit Franchisee royalties) of gross sales | Ongoing; paid monthly |
| Marketing/Ad Fund | $0 | National brand fund |
| Total Investment Range | $155,250 – $314,000 | Includes build-out, inventory, working capital |
The investment range of $155K–$314K reflects variability in build-out costs, store size, lease terms, and market. The combined royalty (N/A (Area Representative earns 50% of Unit Franchisee royalties)) and marketing fee ($0) are ongoing costs paid as a percentage of gross sales.
Investment Breakdown (Item 7)
| Item | Low | High |
|---|---|---|
| Initial Franchise Fee | $150,000 | $300,000 |
| Travel and Living Expenses to Attend Initial Training | $200 | $2,000 |
| Rent | $0 | $3,000 |
| Computer Hardware and Software | $750 | $1,500 |
| Insurance | $1,000 | $3,000 |
| Professional Fees – Legal & Accounting | $300 | $1,500 |
| Additional Funds – 3 months | $3,000 | $3,000 |
Additional Fees (Item 6)
| Fee Type | Amount |
|---|---|
| Transfer Fee | $10,000 |
| Renewal Fee | $0 |
| Fee for Franchisee Prospects | Typically $100 - $150/ each. |
| Franchise Broker Fee | A proportional amount of the broker’s commission based on the percent of the Initial Franchise Fee you receive on a new Unit Franchise sale. |
| Internal Sales Fee | $5,000 per Unit Franchise |
| Third party charges that we incur on your behalf | Actual amount of charge |
| Interest on late payments | The lesser of 12% or the highest rate permitted by law |
| Indemnity | Varies |
| Assistance Fee in the event of incapacity or death | Reimbursement for reasonable expenditures incurred |
| Attorney Fees and Costs | Actual amount incurred |
Training Program (Item 11)
| Detail | Information |
|---|---|
| Total Duration | 12 hours classroom, 0 hours on-the-job |
| Classroom Training | 12 |
| On-the-Job Training | 0 |
| Training Location | Virginia Beach, Virginia, another designated training center, or online, at our choosing. |
| Additional Training | We may provide and may require your attendance at advanced or other training, which we may offer from time to time at select locations, or we may offer such training on the web or electronically. You must pay for any travel and living expenses to attend. |
Territory Rights (Item 12)
| Detail | Information |
|---|---|
| Territory Type | Non-exclusive |
| Exclusive Territory | No |
| Territory Size | Approximately 10-20 unit franchise territories. Each unit franchise territory will contain a population of approximately 65,000 people. |
| Description | Your territory is set forth in Schedule 1 of the Area Representative Agreement and will be defined by zip codes, political, or geographic boundaries. You may work out of your home or any office location. You are not required to obtain our approval if you relocate your Franchise Business, but you must stay within your Territory. You may face competition from other Area Representatives, from other channels of distribution or competitive brands that we control. However, any prospect that is interesting in purchasing a franchise business in your Area Representative territory will be assigned to your Area, in your discretion. You may only recruit franchisees to locate a unit franchise in your territory. Continuation of territorial rights depends on achieving minimum sales volume. |
Renewal, Termination & Transfer (Item 17)
| Detail | Information |
|---|---|
| Initial Term | 10 years |
| Renewal Term | additional 10 year terms |
| Renewal Fee | $0 |
| Renewal Conditions | Can be renewed for additional 10 year terms if you are in compliance with your Area Representative Agreement (“Agreement”). You must notify us in writing at least 120 days before the expiration, sign a new Area Representative Agreement along with a general release of claims, any pay a renewal fee (if any). The new Area Representative Agreement may not contain materially different terms and conditions than your original contract. |
| Transfer Fee | $10,000 |
| Transfer Conditions | You must be: current in monetary obligations; in compliance with the Area Representative Agreement; execute any transfer, amendment, or release forms that we may require; provide to us a copy of the proposed transfer documents; transferee must meet our criteria; transferee must execute our then-current Area Representative Agreement; pay to us the Transfer Fee; transferee must satisfactorily complete our initial training program; comply with the post-termination provisions; transferee must obtain necessary licenses and permits; the transfer must be made in compliance with any laws that apply to the transfer; you must request that we provide the prospective transferee with our current franchise disclosure document. |
| Termination for Cause | We can terminate only if you default. Defaults which can be cured: Violate the Agreement, Manual, any other agreement with us, or owe monies to us more than 30 days past due, and do not cure such breach within 30 days after notice. Noncurable defaults: Do not pass initial training, become insolvent, commit a material violation of law, abandon the Franchised Business, submit a materially false Franchise Application, conviction of a felony or serious misdemeanor, fail to pay bills in the ordinary course when they are due; fail to permit us to inspect or audit your franchise, if on your death or incapacity, the transfer process does not begin within sixty (60) days or remains incomplete after 6 months or commit three or more breaches within 12 months. |
| Non-Compete Period | During the term of the franchise: No competition allowed in the United States and its territories. After termination or expiration: 2 years. |
| Non-Compete Details | During the term of the franchise, no competition allowed in the United States and its territories. After termination or expiration, you may not compete in the Territory or within 25 miles of the Territory (or any other outlet of ours) for 2 years. |
Operations & Supply (Items 8 & 15)
| Detail | Information |
|---|---|
| Owner-Operator Required | Yes |
| Participation Details | You or a fully trained and qualified manager must personally supervise and participate in the day-to-day operation of your franchised Business, unless we permit otherwise in writing. You must devote your time, attention and best efforts to performing the obligations under the Franchise Agreement. You may designate a Business Manager, who must successfully complete initial training and ongoing advanced training, and whose identity requires franchisor approval. All owners must guarantee obligations. No change to owners or ownership percentages without prior written consent. Franchisees and Business Managers are subject to a covenant not to compete and confidentiality requirements. |
| Required Suppliers | Franchise Disclosure Documents (from us), Prospects (from us), Advertising and Marketing material (from us or designated vendor or approved by us), Computer Hardware and Software (specified by us), Insurance (specified by us). |
| Supply Restrictions | You must use the Franchise Disclosure Documents we provide. We are the only approved supplier of Franchise Disclosure Documents. We are an approved supplier of central processing, website services, and training services and the only approved supplier of our central processing, our website services, and training services. You must use advertising material from us, a vendor that we designate, or we must approve the advertising in writing, prior to its use. You must use such computer hardware and software as we specify which may include vendor designations. You may contract with alternative suppliers if they meet our criteria as defined in the Manual, if any. |
| Franchisor Revenue from Suppliers | Franchisor may derive revenue from the sale of 'Prospects' (contact information for prospective franchisees). For the fiscal year ended December 31, 2021, no revenue was derived from required purchases or leases by Area Representatives. |
Financing (Item 10)
| Detail | Information |
|---|---|
| Financing Available | No |
| Description | At this time, we do not offer financing. We reserve the right to offer financing in the future. |
Ledgers Franchise Earnings — Item 19
Ledgers does not make an Item 19 financial performance representation in their FDD. This means they do not disclose revenue, profit, or earnings data for franchised locations. Before investing, ask the franchisor directly for franchisee contact information so you can speak with existing owners about their actual financial performance.
Ledgers does not include an Item 19 financial performance representation in their FDD. Contact information for current and former franchisees is listed in Item 20 of the FDD.
Ledgers Litigation & Risk Flags
Clean Litigation RecordLedgers has no pending litigation actions listed in their FDD. There is also no bankruptcy history disclosed.
Litigation and bankruptcy data is sourced from Items 3 and 4 of the FDD. Always verify current status directly from the most recent FDD.
Ledgers System Growth
Total Units
2
Franchised
2
Company-Owned
0
Ledgers currently operates 2 franchised locations and 0 company-owned units. Unit count data is sourced from Item 20 of the FDD.
Unit History (Item 20)
| Year | Opened | Closed | Total |
|---|---|---|---|
| 2019 | 0 | 0 | 0 |
| 2020 | 1 | 0 | 1 |
| 2021 | 2 | 2 | 2 |
Transfers: 0 | Closures: 2
State Registrations
Registered in 12 states: CA, IL, IN, MD, MI, NY, ND, RI, SD, VA, WA, WI
Franchisor Financials (Item 21)
Revenue
$144K
Net Income
$-684,457
Total Assets
$3.4M
Audited by Bernard Robinson & Company, L.L.P. for year ending December 31.
Ledgers Franchise — FAQ
The total investment to open a Ledgers franchise ranges from $155,250 to $314,000, per their Franchise Disclosure Document. This includes the initial franchise fee of $150,000 to $300,000. The investment covers build-out, inventory, equipment, signage, working capital, and other startup costs.
Ledgers charges a royalty fee of N/A (Area Representative earns 50% of Unit Franchisee royalties) of gross sales, plus a $0 contribution to the marketing/advertising fund. These fees are paid on an ongoing basis.
You can download the Ledgers Franchise Disclosure Document free on this page. The FDD is a public document filed with state franchise registries. Always also request the current FDD directly from Ledgers to ensure you have the most up-to-date version.
Ledgers does not provide an Item 19 financial performance representation in their FDD, which means they do not disclose franchisee revenue or earnings data. Prospective investors should contact existing franchisees directly (listed in Item 20 of the FDD) to gather real-world financial performance information.
Ledgers has been franchising since 2020. The FDD shows an investment range of $155,250-$314,000, a N/A (Area Representative earns 50% of Unit Franchisee royalties) royalty, and no Item 19 earnings disclosure. There is no pending litigation. Review the full FDD and contact current franchisees listed in Item 20 before making any investment decision.
The franchise fee is $150,000 to $300,000 and the total investment ranges from $155,250 to $314,000 depending on location size and market. Contact the franchisor directly for current net worth and liquid capital requirements, territory availability, and application details.
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Data Source & Disclaimer: This website is for informational purposes only. It is not an offer to sell or buy a franchise. This profile is based on publicly available FDD data sourced from state franchise registry filings. All information is for research purposes only and does not constitute legal, financial, or investment advice. Data may be outdated or contain errors. Always obtain the current FDD directly from Ledgers and consult a qualified franchise attorney before making any investment decision. FranchiseOverview.com is operated by Franchising Compliance, LLC and is not affiliated with Ledgers or any of its subsidiaries. To report an inaccuracy: info@franchiseoverview.com