What is the Ledgers franchisee's responsibility regarding administration fees?

According to Ledgers' 2025 Franchise Disclosure Document, in the event of a franchisee's death or incapacity, Ledgers is entitled to reimbursement from the franchisee or their estate for any reasonable expenses incurred while continuing the operation of the franchised business. This reimbursement also includes an additional fee of 10% of the Gross Revenues generated during the period in which Ledgers operates or assists in the operation of the franchised business.

This means that if a Ledgers franchisee passes away or becomes incapacitated and is unable to manage their business, Ledgers can step in to ensure the business continues to operate smoothly. To compensate for their efforts and cover any costs incurred during this transition, Ledgers will be reimbursed for reasonable expenses.

Furthermore, Ledgers will also receive 10% of the gross revenues generated during the period they are managing or assisting with the business operations. This fee serves as additional compensation for Ledgers' involvement in maintaining the business during a challenging time for the franchisee or their family. This policy ensures that Ledgers is compensated for its efforts in maintaining the business's operations during the franchisee's absence, while also providing a financial incentive to ensure a smooth transition and continued profitability.