What happens if a Ledgers franchisee fails to obtain approval of a site or open on time?
Ledgers Franchise · 2025 FDDAnswer from 2025 FDD Document
You must begin operations and be open for business no later than twelve (12) months from the Effective Date. You may operate your Ledgers office from your home provided that you maintain a virtual office to meet clients as required, or you can operate from a commercial office location within your Territory. If you fail to open within twelve (12) months of the Effective Date, then we can terminate without any refund to you.
Source: Item 17 — RENEWAL, TERMINATION, TRANSFER AND DISPUTE RESOLUTION (FDD pages 38–41)
What This Means (2025 FDD)
According to Ledgers's 2025 Franchise Disclosure Document, franchisees must begin operations and be open for business no later than twelve months from the effective date of the Franchise Agreement. A Ledgers franchisee can operate their office from home, provided they maintain a virtual office to meet clients, or from a commercial office location within their territory.
If a Ledgers franchisee fails to open within the specified twelve-month period, 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 a refund of their initial franchise fee.
While Ledgers does not provide site selection assistance, they do furnish site selection guidelines to help franchisees choose a location. Franchisees are solely responsible for their site selection and may lease from any landlord within their territory. However, the FDD does not state what happens if a Ledgers franchisee fails to obtain approval of a site.