What happens if a Ledgers franchisee does not pass the Initial Training?
Ledgers Franchise · 2025 FDDAnswer from 2025 FDD Document
You must submit the Initial Franchise Fee to us before attending Initial Training, usually when the Franchise Agreement is signed. We will refund the Initial Franchise Fee paid by you if we do not approve your application or if you do not pass our Initial Training in accordance with our thencurrent passing standards for training provided that you return to us all materials which we distributed to you during training.
We offer a 10% discount to all active-duty service members and veterans. We may offer special incentive programs from time to time as part of national or regional development efforts and we reserve the right to offer, modify, or withdraw any incentive program without any notice to you. We disclose financing terms in Item 10.
Except as described in this Item 5, the Initial Fees are uniformly imposed and non-refundable.
Source: Item 17 — RENEWAL, TERMINATION, TRANSFER AND DISPUTE RESOLUTION (FDD pages 38–41)
What This Means (2025 FDD)
According to Ledgers' 2025 Franchise Disclosure Document, if a franchisee does not pass the Initial Training, Ledgers will refund the Initial Franchise Fee, provided the franchisee returns all training materials. The Initial Franchise Fee is $15,000 until October 31, 2025, after which it increases to $35,000.
Furthermore, Ledgers can terminate the Franchise Agreement without notice or an opportunity to cure if the franchisee does not attend and pass the Initial Training in accordance with Ledgers' current passing standards. This underscores the importance of successfully completing the training to maintain the franchise rights.
Initial Training is mandatory before a franchisee can open their Ledgers franchise. While Ledgers does not charge for the training itself, the franchisee is responsible for all travel, lodging, transportation, and meal costs associated with attending the training. Ledgers advises franchisees during or immediately after the Initial Training if they have successfully completed the course.