Does Ledgers grant franchisees options or rights of first refusal to acquire additional franchises?

According to Ledgers' 2025 Franchise Disclosure Document, Ledgers does not grant franchisees options, rights of first refusal, or similar rights to acquire additional franchises. However, Ledgers may grant a franchisee approval to open an additional outlet within their territory if circumstances permit, such as within other businesses with whom Ledgers has formed a relationship, or if there is a population increase. Ledgers may also grant additional franchise territories if they feel the franchisee has the time, energy, capital, and management structure to successfully open and operate another territory.

This policy means that a Ledgers franchisee cannot count on having the first opportunity to expand their business by acquiring additional franchises. The decision to grant additional franchises is at Ledgers' discretion, based on factors like the franchisee's performance, available opportunities, and the franchisee's capacity to manage additional locations.

While Ledgers does not offer a contractual right to expand, it does state that they may approve additional outlets or territories based on certain conditions. This provides some potential for growth, but it is not guaranteed and depends on Ledgers' assessment of the franchisee's capabilities and market conditions. Prospective franchisees should discuss Ledgers' criteria for awarding additional franchises to better understand the opportunities and requirements for expansion.