When was the last fiscal year ending date mentioned for the Ledgers Advertising Fund?
Ledgers Franchise · 2025 FDDAnswer from 2025 FDD Document
You agree to contribute 3% of your Gross Revenues into our Advertising Fund. Franchisor owned outlets do not have to contribute to the Advertising Fund, but may do so. We administer the Advertising Fund. The Fund is not audited. Unaudited financial statements of the Advertising Fund will be made available to you upon written request.
In our last fiscal year ending December 31, 2024, the Advertising Fund did not collect or spend any Advertising Fund Fees and there is no balance in the Advertising Fund.
Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS AND TRAINING (FDD pages 27–32)
What This Means (2025 FDD)
According to Ledgers's 2025 Franchise Disclosure Document, the last fiscal year ending date mentioned for the Advertising Fund was December 31, 2024. During that fiscal year, the Advertising Fund did not collect or spend any Advertising Fund Fees, resulting in no balance in the fund.
Ledgers franchisees are required to contribute 3% of their gross revenues to the Advertising Fund. However, franchisor-owned outlets have the option, but are not obligated, to contribute to the fund. Ledgers manages the Advertising Fund, and it is not audited. Despite the lack of auditing, Ledgers will provide unaudited financial statements of the Advertising Fund to franchisees upon written request.
This information is important for prospective franchisees as it provides insight into how the advertising funds are managed and whether the funds are being actively used for advertising purposes. The fact that the fund had no activity in the last fiscal year could be a point of discussion with Ledgers to understand their advertising strategy and future plans for the fund.