General

Industry

Professional Business Services

Category

Accounting

SBA Identifier

Year of Founding

2005

Fees

Marketing Fee

Greater of 3% of Gross sales or $500

Royalty Fee

14%

Franchise Fee

$40,000-$40,000

Investment Range

$58K-$100K

Location units

Total U.S. Locations

7

U.S. Franchised Units

7

U.S. Corporate Units

0

Headquarters (City)

Virginia Beach

Other

Item 19 - Franchise Financials

No

Financing Availability

-

Started Offering Franchises

2005

Issuance of FDD Data

04/01/2022

What to know about Ledgers franchise?

Legers offers the opportunity to establish and operate a boutique business services company that offers help in several areas including advisory, bookkeeping, payroll and tax preparation.

Ledgers is based in Virginia Beach, VA. Scroll down to learn more!

How much does a Ledgers franchise cost?

Are you wondering how much is a Ledgers franchise? Before starting a Ledgers franchise, it is important to know the franchise fee, working capital and other costs required to start the business.

The minimum investment amount required to open a Ledgers franchise is $58,200 and can go all the way up to $99,700. Keep in mind, you should also allocate additional funds to live off of while the Ledgers business ramps up. This can take as little as 6 months to over 2 years depending on the franchise opportunity. You should speak to at least 5 Ledgers franchisees to understand the true cost of opening the franchise and how long it takes to: 1) start a Ledgers business 2) pass break even 3) hit significant income.

After (and if) you pass the point of earning significant income from your Ledgers franchise, there may be enough margin to hire a day-to-day manager and work less hours in the business.

Franchise Net Unit Growth

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Download our guide to compare Ledgers. Hotels to the Accounting, Outdoor Professional Business Services industry.

Franchise Data

Year Start of Year Units Opened Units Closed End of Year
2021 2 6 1 7

Additional Details

How much does a Ledgers franchise owner make?

Ledgers franchise earnings and revenue can vary significantly from one franchisee to another.
The Ledgers franchise owner profits can be influenced by labor costs, lease rates, hours worked as well as other factors.

Ledgers unfortunately does not disclose financials on how much Ledgers franchise owners make. This means they do not disclose sales or earnings for franchisees operating in the U.S.

Every franchisor is required by law to disclose income statements and balance sheets for how the franchisor is performing but not for the franchisee level. Unfortunately, Ledgers does not make it easy to understand franchisee financial performance. This can be seen as a red flag and it is important to be that much more diligent in your conversations with Ledgers franchisees. Do note that Ledgers is not alone as about 40% of franchises do not disclose franchisee financial performance.

At Vetted Biz, we suggest you to speak with 5 to 10 Ledgers franchisees to understand how much money they are making from their Ledgers business.

You should also speak to former Ledgers franchisees to understand why they left the system. Did they sell their Ledgers at a profit? Were they forced to close their Ledgers franchise down because it kept losing money?

What is the Ledgers franchise fee?

Owning a Ledgers franchise requires 14% royalty fee and Greater of 3% of Gross sales or $500 marketing fee. These two expenses represent the main ongoing costs you can expect to pay the franchisor throughout the franchise relationship. There may be other ongoing fees disclosed in the Ledgers Franchise Disclosure Document

Keep in mind, there is also an initial Ledgers franchise fee of $40,000 that is included in the initial investment amount of $58,200 to $99,700. Depending on the franchise agreement you sign, you might have to pay the full franchise fee again if you decide to extend the Ledgers franchise relationship. Consult with a licensed franchise attorney to understand exactly what you receive for paying the Ledgers franchise fee of $40,000.

Visit the Ledgers metrics tab to explore the financials for this business, royalty and marketing fees compare to other Professional Business Services franchises. You can also compare these fees for 2,000+ franchises currently offered in the U.S.

When was Ledgers founded?

Ledgers started offering franchises in 2005. Ledgers was founded 17 years ago in 2005.

At Vetted Biz, we recommend franchises have 3-5 corporate locations and 5+ years of experience before offering a franchise. There needs to be proof that the business model works and is replicable before offering the franchise to other!

How many Ledgers locations are in the U.S.?

As of 2022, there were 7 locations across the U.S. There are also 0 corporate locations. Most Professional Business Services franchises like Ledgers have more franchised locations than corporate locations.

How many Ledgers franchises opened over the past few years?

Over the prior 3 years we have data for, Ledgers has opened 9 outlets throughout the U.S. Visit the Ledgers metrics tab to explore how the openings compare to other Professional Business Services franchises.

How many Ledgers franchises closed over the past few years?

Over the prior 3 years we have data for, Ledgers has closed 1 outlets throughout the U.S

Visit the Ledgers metrics tab to explore how the openings compare to other Professional Business Services franchises.

Is Ledgers growing? Are they opening more locations than they are closing?

The net unit growth rate for Ledgers over the past 3 years is 0%. Over the last year we have data for, Ledgers had a net unit growth rate of 250%.

Without a comparison, this number doesn’t mean much. Compare how the Ledgers growth rate compares to 2,000+ other franchises and Industry franchises like Ledgers. More info in the Ledgers metrics tab.

Is Ledgers franchise eligible for an SBA Loan?

Ledgers is not eligible for SBA loans including the 7(a) loan last time we checked.

Ledgers franchise does not have a SBA Franchise ID and was not in the SBA Franchise Directory. The SBA Franchise Directory will only include business models like Ledgers that are reviewed and found eligible under SBA’s affiliation rules and other eligibility criteria.

To find out more about the SBA loan program for franchising click here.

Is Ledgers a franchise in the United States?

According to the SBA, Ledgers does not meet the Federal Trade Commission (FTC) definition of a franchise.

Many popular brands like Starbucks and Topgolf are not franchises in the U.S. but franchise outside of the United States. Be sure the franchisor provides you with an updated Franchise Disclosure Document as this is one of the key indicators that the business opportunity is truly a franchise in the U.S.

The FTC Franchise Rule requires franchisors to provide all potential franchisees with a disclosure document (FDD) containing 23 items of about the franchise, its officers, and other franchisees. Be sure that Ledgers provides you with an FDD if you are in discussion to buy a Ledgers

What is the Ledgers Franchise for Sale Rate?

The Ledgers systemwide health and franchisee satisfaction can be measured by the Ledgersfranchise for sale rate. The franchise for sale rate is calculated by the percentage of units transferred to new franchisees and reacquired by franchisor.

Ledgers franchise for sale rate over the past 3 years is 0%. Over the last year we have data for, Ledgers had a franchise for sale rate of 0%.

Without a comparison, this number doesn’t mean much. Compare how the Ledgers franchise for sale rate compares to 2,000+ other franchises and Industry franchises like Ledgers. More info in the Ledgers metrics tab.

What is the Ledgers Franchise Failure Rate?

Ledgers franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons. The failure rate is one of the most important franchise metrics to consider when investing in a franchise!

Ledgers failure rate over the past 3 years is 14%. Over the last year we have data for, Ledgers had a franchise failure rate of 14%.

Without a comparison, this number doesn’t mean much. Compare how the Ledgers franchise for sale rate compares to 2,000+ other franchises and Industry franchises like Ledgers. More info in the Ledgers metrics tab.

How can I find out more details on Ledgers franchise?

Visit the Ledgers metrics tab to explore franchise profitability, industry comparables and more. Become a Vetted Member today today for exclusive access on this franchise opportunity!

Investment Midpoint

The average of the low and high range of the investment amounts calculated from the most recently available Franchise Disclosure Document

Ledgers

$78,950

Industry median

All franchises median

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Royalty Fee

The median royalty fee from the Franchise Disclosure Document

Ledgers

14%

Industry median

All franchises median

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Franchise Fee Midpoint

Payment that the franchisee must pay to the franchise owner in order to start a franchise.

Ledgers

$40,000

Industry median

All franchises median

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Item 19 – Financial Performance Representations

Historical financial performance representations

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Franchise Financials

Franchisor company financial information and financial performance representations, if disclosed by the franchisor.

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General

Industry

Professional Business Services

Category

Accounting

SBA Identifier

Year of Founding

2005

Fees

Marketing Fee

Greater of 3% of Gross sales or $500

Royalty Fee

14%

Franchise Fee

$40,000-$40,000

Investment Range

$58K-$100K

Location units

Total U.S. Locations

7

U.S. Franchised Units

7

U.S. Corporate Units

0

Headquarters (City)

Virginia Beach

Other

Item 19 - Franchise Financials

No

Financing Availability

-

Started Offering Franchises

2005

Issuance of FDD Data

04/01/2022

Detailed Franchise metrics for Ledgers

Detailed Franchise Metrics are metrics calculated and reviewed by Vetted Biz. You can find the available metrics for Ledgers below. “N/A" or Not Applicable results mean that there is not enough data available to compute a precise rate or that the result is not mathematically computable. When results are not mathematically computable, you should pay attention to the absolute values (#) instead of the percentage rate itself.

Growth Rate

The percentage change of total franchise units from one year to the next by franchisor.

 

1 year

3 years

Ledgers

0%

0%

Industry median

All franchises median

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Franchise for Sale Rate

The percentage of units transferred to new franchisees and reacquired by franchisor.

 

1 year

3 years

Ledgers

-

0%

Industry median

All franchises median

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Net Unit Growth (most recent year)

Net Unit Growth (3 years)

Failure Rate

Franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons.

 

1 year

3 years

Ledgers

-

14%

Industry median

All franchises median

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Business details

Company Name

https://www.ledgerspros.com/

Business email

**********@******.com

Mailing address

State headquarters

Owner Name

Ledgers

Phone

+1 (000) 0********00

City

Zip code

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