Which item in the Ledgers Disclosure Document provides details regarding site selection and acquisition/lease?

According to Ledgers's 2025 Franchise Disclosure Document, Item 11 contains details regarding site selection and acquisition/lease obligations for franchisees. The table in Item 9 cross-references franchisee obligations with relevant sections in the franchise agreement and corresponding items in the disclosure document. Specifically, it indicates that the franchisee's obligation for site selection and acquisition/lease is addressed in Sections 1.4 and 4.3 of the Franchise Agreement and in Item 11 of the Disclosure Document.

This means that prospective Ledgers franchisees can find information about Ledgers's requirements and guidelines for choosing a location and securing the property, whether through purchase or lease, in Item 11 of the FDD. This item likely outlines the criteria Ledgers uses to evaluate potential sites, any assistance Ledgers provides in the site selection process, and the franchisee's responsibilities in acquiring or leasing the location.

Understanding these obligations is crucial for potential franchisees as the location of the business can significantly impact its success. Item 11 may also detail any restrictions or requirements Ledgers imposes on the franchisee's choice of location, such as minimum size, demographics, or proximity to other businesses. Therefore, carefully reviewing Item 11 is an essential step in evaluating the Ledgers franchise opportunity.