Did Ledgers or its affiliates earn revenue or other material consideration from required purchases or leases by franchisees in the last fiscal year ended December 31, 2024?
Ledgers Franchise · 2025 FDDAnswer from 2025 FDD Document
In our last fiscal year ended December 31, 2024, neither we nor our affiliates earned revenue or other material consideration from required purchases or leases by franchisees.
Required Purchases as a Proportion of Costs:
We estimate that required purchases described above will be approximately 15-20% of all purchases and leases by you of goods and services to establish a franchise and approximately 10- 15% of your operating costs.
Source: Item 8 — RESTRICTIONS ON SOURCES OF PRODUCTS AND SERVICES (FDD pages 23–25)
What This Means (2025 FDD)
According to Ledgers's 2025 Franchise Disclosure Document, neither Ledgers nor its affiliates earned revenue or other material consideration from required purchases or leases by franchisees in the fiscal year that ended December 31, 2024. However, Ledgers does reserve the right to derive revenue or other material consideration from required purchases or leases by franchisees in the future. Ledgers also states that they may utilize any such funds received in their sole judgment.
Ledgers estimates that required purchases will be approximately 15-20% of all purchases and leases by a franchisee to establish their franchise. Additionally, Ledgers estimates that 10-15% of a franchisee's operating costs will be attributed to required purchases.
Ledgers also states that they currently do not receive payments from suppliers as a result of franchisee purchases, but they may do so in the future. Ledgers negotiates purchase arrangements with suppliers, including preferred pricing, for the benefit of their franchisees. Ledgers may receive payments from approved suppliers with respect to franchisee purchases in the future and may utilize these funds in their sole judgment.