What is the deadline for a Ledgers franchisee to open for business after signing the Franchise Agreement?
Ledgers Franchise · 2025 FDDAnswer from 2025 FDD Document
Length of Time Before Opening: The typical length of time between the signing of the Franchise Agreement and the opening of your outlet is 3-4 months. You agree to begin operations and be open for business no later than twelve (12) months from the time both parties execute the Franchise Agreement. If you do not, then we may terminate the Franchise Agreement without any refund to you (Franchise Agreement, Section 1.4, 3.2., 4.3).
Factors that can affect the time length in which to be open for business include: the time needed to (1) obtain financing; (2) enter into a lease; (3) comply with zoning; (4) obtain licenses and permits; (5) perform construction; (6) weather conditions; (7) acquire and install furniture, fixtures, equipment, and signage; and (8) hire and train staff.
Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS AND TRAINING (FDD pages 27–32)
What This Means (2025 FDD)
According to Ledgers's 2025 Franchise Disclosure Document, a new franchisee must be open for business within twelve months of signing the Franchise Agreement. The FDD states that the typical time between signing the agreement and opening is 3-4 months.
If a Ledgers franchisee fails to open their business within the 12-month timeframe, Ledgers has the right to terminate the Franchise Agreement. In the event of termination due to failure to open on time, the franchisee will not receive any refund of fees paid to Ledgers.
Several factors can affect the time it takes to open a Ledgers franchise. These include securing financing, entering into a lease, complying with zoning regulations, obtaining necessary licenses and permits, completing construction, dealing with weather conditions, acquiring and installing furniture, fixtures, equipment, and signage, and hiring and training staff.