Are Ledgers' financial statements included as an exhibit in the Franchise Disclosure Document?
Ledgers Franchise · 2025 FDDAnswer from 2025 FDD Document
240, Virginia Beach, VA 23452; (833) 920-0735 | | | | ☒ | | | | Jamie Marcil, 780 Lynnhaven Pkwy, Suite 240, Virginia Beach, VA 23452; (833) 920-0735 | | | | ☐ | | | | Loyalty Brands, 780 Lynnhaven Pkwy, Suite 240, Virginia Beach, VA 23452; (833) 920-0735 | | | | ☐ | | | | Loyalty Business Services LLC, 780 Lynnhaven Pkwy, Suite 240, Virginia Beach, VA 23452; (832) 660-6727 | | |
We authorize the respective state agencies identified on Exhibit D to receive service of process for us in the particular state.
I have received a Disclosure Document dated April 29, 2025; Amended June 5, 2025, that included the following:
| Received | Reference | Name |
|---|---|---|
| ITEM 1-ITEM 23 | Franchise Disclosure Document | |
| EXHIBIT A | State Addendum | |
| EXHIBIT B | Franchise Agreement | |
| Schedule 1 | Territory | |
| Schedule 2 | Minimum Requirements | |
| Schedule 3 | Automatic Bank Draft Authorization | |
| Schedule 4A | Telephone Number Assignment | |
| Schedule 4B | Lease Rider | |
| Schedule 5 | Promissory Notes | |
| Schedule 6 | Release | |
| EXHIBIT C | Financial Statements | |
| EXHIBIT D | State Administrators/Agents for Service of Process | |
| EXHIBIT E-1 | List of Franchisees | |
| EXHIBIT E-2 | List of Former Franchisees | |
| EXHIBIT F | Table of Contents – | |
| Operations Manual | ||
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to Ledgers' 2025 Franchise Disclosure Document, the financial statements are included as an exhibit. Specifically, Exhibit C contains the financial statements for Loyalty Business Services, LLC, formerly FIDE Holding, LLC, for the years ended December 31, 2024, 2023, and 2022.
This inclusion is standard practice in franchising, as it allows potential franchisees to review the financial health and stability of Ledgers. Reviewing these statements is crucial for prospective franchisees to assess the franchisor's ability to support the franchise system and meet its financial obligations.
Prospective franchisees should carefully examine these financial statements, possibly with the assistance of a financial advisor, to understand Ledgers' revenue, expenses, assets, and liabilities. This analysis can help in evaluating the overall risk and potential return on investment associated with a Ledgers franchise.