Who administers the Advertising Fund for Ledgers?
Ledgers Franchise · 2025 FDDAnswer from 2025 FDD Document
You will contribute 3% of the previous month's Gross Revenues into the Advertising Fund monthly.
C. Fund.
Franchisor owned outlets do not have to contribute to the Advertising Fund, but may do so. We administer the Advertising Fund. The Fund is not audited. Unaudited financial statements of the Advertising Fund will be made available to you upon written request. If not all Advertising Fees are spent in the fiscal year in which they accrue, we may carry over those fees and apply them to the next fiscal year. We may not use Advertising Fees to solicit new franchise sales.
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to the 2025 Ledgers Franchise Disclosure Document, Ledgers administers the Advertising Fund. Franchisees are required to contribute 3% of the previous month's gross revenues into this fund monthly. However, franchisor-owned outlets are not obligated to contribute but may choose to do so.
The funds collected are used by Ledgers to advise franchisees on advertising strategies or to conduct advertising themselves through various channels such as online platforms, radio, television, direct mail, billboards, and print media. These advertising efforts can be local, regional, or national, and Ledgers may produce advertising material in-house or through outside agencies.
It's important to note that the Advertising Fund is not audited, although unaudited financial statements of the fund are available to franchisees upon written request. Furthermore, Ledgers is not required to spend any specific amount on advertising in the franchisee's particular area or territory and reserves the right to modify marketing programs as necessary to incorporate new technologies. Any unspent advertising fees may be carried over to the next fiscal year, but these fees cannot be used to solicit new franchise sales.