About LMI North Dakota Franchise
Leadership Management, Inc.
(LMI) is a professional development franchise that has been helping organizations and individuals improve their leadership and management capabilities since 1970.
The brand offers a comprehensive library of executive development programs, courses, and training materials focused on strategic planning, organizational effectiveness, and leadership growth for corporate clients and individual professionals.
LMI North Dakota 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%; Not to exceed $10,000 per year of gross sales | Ongoing; paid monthly |
| Marketing/Ad Fund | null | 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%; Not to exceed $10,000 per year) and marketing fee (null) 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) (to cover working capital needs for a start up period of 1 to 3 months) | $3,000 | $9,000 |
Additional Fees (Item 6)
| Fee Type | Amount |
|---|---|
| Transfer Fee | $5,000 |
| Renewal Fee | $1,500 |
| Technology Fee | null |
| Registration Fees | $50 to $500 per person |
| Travel Expense Relating to Training | $500 to $1,500 estimate |
| Late Fee for Royalties | $25.00 |
| Returned Draft Collection Fee | $25.00 |
Training Program (Item 11)
| Detail | Information |
|---|---|
| Total Duration | Initial training is held one-on-one at the LMI Home Office, followed by a minimum of 180 days of individual weekly calls and monthly group teleconferences. |
| Classroom Training | 7 hours |
| On-the-Job Training | Variable, minimum six months for core subjects (LMI Business Success System, Business Planning, Sales, Marketing Plan Strategy), 8 weeks for Effective Personal Productivity (Web Seminar), and ongoing for Sales Marketing (Teleconference). |
| Training Location | LMI Home Office in Waco, TX for initial training; Web Seminar for Effective Personal Productivity; Teleconference for Sales Marketing. |
| Additional Training | Additional training programs and/or refresher courses are not required, but special seminars are held from time to time to emphasize marketing and management methods. Franchisees are not required to attend, and there is no fee for these seminars. LMI encourages attendance at additional training opportunities. |
Territory Rights (Item 12)
| Detail | Information |
|---|---|
| Territory Type | Non-exclusive |
| Exclusive Territory | No |
| Description | Franchisees will not receive an exclusive territory and may face competition from other franchisees, company-owned outlets (though none currently exist or are planned), or other channels of distribution. The franchise may be operated from any location and is not site-specific. Franchisees may operate throughout the contiguous United States but may not solicit or accept orders from consumers outside their territory. |
Renewal, Termination & Transfer (Item 17)
| Detail | Information |
|---|---|
| Initial Term | 5 years |
| Renewal Term | consecutive five (5) year periods |
| Renewal Fee | $1,500 |
| Renewal Conditions | Franchisee must satisfy all monetary obligations, comply with current qualification and training requirements, and not be in violation or default of the Franchise Agreement terms. |
| Transfer Fee | $5,000 |
| Transfer Conditions | Transferee must be of good moral character, have a satisfactory credit rating, possess competent business qualifications, and execute the then-current standard Franchise Agreement. The transferring franchisee must have fully paid all financial obligations to LMI. LMI cannot unreasonably withhold consent. |
| Termination for Cause | LMI can terminate if the franchisee defaults on any terms of the agreement, including failure to discontinue a violation within 30 days (or 60 days for other defaults), non-payment of accounts, bankruptcy, or conviction/violation of laws materially affecting the business. After two notices for the same violation/non-payment within 12 months, LMI can terminate immediately upon the third occurrence. |
| Non-Compete Period | During the term of the franchise and for two (2) years after termination. |
| Non-Compete Details | During the term of the franchise, the franchisee cannot be involved in a competing business anywhere in the United States. After termination, for two years, the franchisee cannot directly or indirectly sell or offer similar products/courses, or induce LMI franchisees/employees to terminate their association, within 100 miles of any area where the franchisee or their sales representatives made substantial sales of LMI products. |
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. This individual must devote substantial full time and best efforts to the supervision and performance of the Franchise, meet franchisor standards, and satisfy training requirements. |
| Required Suppliers | LMI is the only approved supplier for all products sold by the Franchisee. |
| Supply Restrictions | Franchisees are not allowed to purchase any of LMI's products from any person or entity other than LMI without express written consent. Franchisees also agree not to sell any other product or related services other than those marketed by LMI without express written consent. |
| Franchisor Revenue from Suppliers | Revenues for LMI consist of sale of products to its franchisees (which provides the major portion of our total revenues). It is estimated that 100% of the franchisee's purchases of courses and related products are required to be from the Company. |
Financing (Item 10)
| Detail | Information |
|---|---|
| Financing Available | Yes |
| Description | LMI offers financing up to $10,000 at 0% interest, with monthly payments up to 36 months, dependent on fund availability and franchisee credit rating. A promissory note must be executed. The note may be prepaid without penalty. |
LMI North Dakota Franchise Earnings — Item 19
LMI North Dakota 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 North Dakota 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 North Dakota Litigation & Risk Flags
Clean Litigation RecordLMI North Dakota 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 North Dakota System Growth
Total Units
114
Franchised
114
Company-Owned
0
LMI North Dakota currently operates 114 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 | 3 | 4 | 118 |
| 2020 | 5 | 1 | 122 |
| 2021 | 9 | 17 | 114 |
Transfers: 0 | Closures: 17
Public Figures (Item 18)
The following public figures are associated with this franchise: Paul J. Meyer
State Registrations
Registered in 11 states: California, Illinois, Indiana, Michigan, Minnesota, New York, North Dakota, South Dakota, Virginia, Washington, Wisconsin
Franchisor Financials (Item 21)
Revenue
$692K
Net Income
$-19,088
Total Assets
$747K
Audited by Pattillo, Brown & Hill, L.L.P. for year ending December 31.
LMI North Dakota Franchise — FAQ
The total investment to open a LMI North Dakota 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 North Dakota charges a royalty fee of 6%; Not to exceed $10,000 per year of gross sales, plus a null contribution to the marketing/advertising fund. These fees are paid on an ongoing basis.
You can download the LMI North Dakota 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 North Dakota to ensure you have the most up-to-date version.
LMI North Dakota 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 North Dakota has been franchising since 1970. The FDD shows an investment range of $20,000-$27,500, a 6%; Not to exceed $10,000 per year royalty, and includes an 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 North Dakota 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 North Dakota or any of its subsidiaries. To report an inaccuracy: info@franchiseoverview.com