About LMI New York Franchise
LMI (Leadership Management International) is a professional development franchise that has been franchising in New York since 1993.
The brand offers leadership training, executive coaching, and organizational development programs designed to help businesses and individuals improve performance, achieve goals, and develop effective leadership skills.
The franchise fee is $15,000.
LMI New York Franchise Cost & Fees
Minimum Investment
$20K
Average Investment
$24K
Maximum Investment
$28K
| Fee Type | Amount | Notes |
|---|---|---|
| Initial Franchise Fee | $15,000 | One-time payment upon signing |
| Royalty Fee | 6% of Gross Sales (capped at $10,000 per year) of gross sales | Ongoing; paid monthly |
| Marketing/Ad Fund | None | National brand fund |
| Total Investment Range | $20,000 – $27,500 | Includes build-out, inventory, working capital |
The investment range of $20K–$28K reflects variability in build-out costs, store size, lease terms, and market. The combined royalty (6% of Gross Sales (capped at $10,000 per year)) and marketing fee (None) are ongoing costs paid as a percentage of gross sales.
Investment Breakdown (Item 7)
| Item | Low | High |
|---|---|---|
| INITIAL FRANCHISEE FEE (1) | $15,000 | $15,000 |
| MARKETING and BUSINESS SYSTEM MANUALS, ETC. | $0 | $0 |
| TRAVEL EXPENSES (2) | $1,000 | $2,000 |
| REAL ESTATE AND IMPROVEMENTS (3) | $0 | $0 |
| MISCELLANEOUS OPENING COSTS (4) | $1,000 | $1,500 |
| ADDITIONAL FUNDS (5) | $3,000 | $9,000 |
Additional Fees (Item 6)
| Fee Type | Amount |
|---|---|
| Transfer Fee | $5,000 |
| Renewal Fee | $1,500 |
| Registration Fees | $50 to $500 per person |
| Travel Expense Relating to Training | $500 to $1,500 estimate |
Training Program (Item 11)
| Detail | Information |
|---|---|
| Total Duration | Initial training within 30 days of agreement execution, followed by a minimum of 180 days of individual weekly calls and monthly group teleconferences. Classroom training totals 7 hours, with ongoing on-the-job training varying by program. |
| Classroom Training | 7 hours |
| On-the-Job Training | Varies by program (e.g., 8 weeks for Productivity, one per month for 6 months minimum for others) |
| Training Location | LMI Home Office in Waco, TX, teleconferences, and web seminars |
| Additional Training | Additional training programs and/or refresher courses are not required. Special seminars are held periodically to emphasize marketing and management methods, which franchisees are encouraged but not required to attend, and for which there is no fee. |
Territory Rights (Item 12)
| Detail | Information |
|---|---|
| Territory Type | Non-exclusive |
| Exclusive Territory | No |
| Description | The franchise may be operated from any location and is not site-specific, within the contiguous United States. |
Renewal, Termination & Transfer (Item 17)
| Detail | Information |
|---|---|
| Initial Term | 5 years |
| Renewal Term | Consecutive five (5) year terms |
| Renewal Fee | $1,500 |
| Renewal Conditions | Franchisee must notify intent to renew, pay the renewal fee, and not be in violation or default of the Franchise Agreement terms. Renewal may require signing a new agreement with materially different terms and conditions. |
| Transfer Fee | $5,000 |
| Transfer Conditions | Transferee must be of good moral character, have a satisfactory credit rating, possess competent business qualifications, and execute a current standard Franchise Agreement. All outstanding financial obligations to LMI must be paid prior to transfer. |
| Termination for Cause | LMI can terminate if the franchisee defaults on agreement terms (e.g., failure to cure violations within 30-60 days, non-payment of accounts, failure to meet minimum purchase requirements, bankruptcy, conviction of certain laws). |
| Non-Compete Period | 2 years |
| Non-Compete Details | During the franchise term, the franchisee cannot engage in a competing business anywhere in the United States. After termination or expiration, the franchisee cannot compete for 2 years or within 100 miles of LMI or another franchisee, nor assist others in doing so. |
Operations & Supply (Items 8 & 15)
| Detail | Information |
|---|---|
| Owner-Operator Required | Yes |
| Participation Details | The Franchisee must designate and retain an 'Operating Principal' who may be the Franchisee. The Operating Principal (or their designee) must devote substantial full-time and best efforts to the supervision and performance of the Franchise, meet LMI's standards, and satisfy training requirements. |
| Required Suppliers | LMI |
| Supply Restrictions | Franchisee must purchase LMI products only from LMI or its predecessors/successors/wholly-owned entities, unless LMI gives express written consent. Franchisee cannot sell other products/services without LMI's written consent. |
| Franchisor Revenue from Suppliers | Approximately 90% of total revenues from sale of products; 10-11% from franchise revenue. |
Financing (Item 10)
| Detail | Information |
|---|---|
| Financing Available | Yes |
| Description | LMI offers direct financing for up to $10,000 of the initial franchise fee at 0% interest, with monthly payments over 36 months ($278/month). A promissory note and security agreement assigning the Franchise Agreement as collateral are required. Prepayment is without penalty. Default may result in immediate payment of the full outstanding balance and attorney's fees. |
LMI New York Franchise Earnings — Item 19
LMI New York 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.
LMI New York 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.
LMI New York Litigation & Risk Flags
Clean Litigation RecordLMI New York 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.
LMI New York System Growth
Total Units
111
Franchised
111
Company-Owned
0
LMI New York currently operates 111 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 |
|---|---|---|---|
| 2020 | 5 | 1 | 122 |
| 2021 | 9 | 17 | 114 |
| 2022 | 7 | 10 | 111 |
Transfers: 0 | Closures: 10
Public Figures (Item 18)
The following public figures are associated with this franchise: Authors of LMI products
State Registrations
Registered in 11 states: CA, IL, IN, MI, MN, NY, ND, SD, VA, WA, WI
Franchisor Financials (Item 21)
Revenue
$731K
Net Income
$-35,524
Total Assets
$723K
Audited by Pattillo, Brown & Hill, L.L.P. for year ending December 31.
LMI New York Franchise — FAQ
The total investment to open a LMI New York franchise ranges from $20,000 to $27,500, per their Franchise Disclosure Document. This includes the initial franchise fee of $15,000. The investment covers build-out, inventory, equipment, signage, working capital, and other startup costs.
LMI New York charges a royalty fee of 6% of Gross Sales (capped at $10,000 per year) of gross sales, plus a None contribution to the marketing/advertising fund. These fees are paid on an ongoing basis.
You can download the LMI New York 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 LMI New York to ensure you have the most up-to-date version.
LMI New York 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.
LMI New York has been franchising since 1993. The FDD shows an investment range of $20,000-$27,500, a 6% of Gross Sales (capped at $10,000 per year) 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 $15,000 and the total investment ranges from $20,000 to $27,500 depending on location size and market. A minimum of $3,000 in liquid capital is required. 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 LMI New York and consult a qualified franchise attorney before making any investment decision. FranchiseOverview.com is operated by Franchising Compliance, LLC and is not affiliated with LMI New York or any of its subsidiaries. To report an inaccuracy: info@franchiseoverview.com