Does Ledgers make any representations about the past financial performance of franchised outlets?
Ledgers Franchise · 2025 FDDAnswer from 2025 FDD Document
We do not make any representations about a franchisee's future financial performance or the past financial performance of company-owned or franchised outlets. We also do not authorize our employees or representatives to make any such representations either orally or in writing. If you are purchasing an existing outlet, however, we may provide you with the actual records of that outlet. If you receive any other financial performance information or projections of your future income, you should report it to the franchisor's management by contacting Mary Jane DeJaager at 780 Lynnhaven Parkway, Suite 240, Virginia Beach, VA 23452, the Federal Trade Commission, and the appropriate state regulatory agencies.
Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATIONS (FDD page 42)
What This Means (2025 FDD)
According to Ledgers's 2025 Franchise Disclosure Document, Ledgers does not make any representations about the past financial performance of company-owned or franchised outlets. This means that Ledgers does not provide any data regarding the actual revenues, expenses, or profits that existing Ledgers franchises have achieved.
This lack of financial performance representations is a common practice among franchisors. Many franchisors avoid making these representations due to the potential for liability if franchisees do not achieve the stated results. Without these representations, prospective franchisees must conduct their own due diligence and financial analysis to assess the potential profitability of a Ledgers franchise.
The FDD does state that if a prospective franchisee is purchasing an existing outlet, Ledgers may provide the actual records of that specific outlet. This provides an opportunity for a potential franchisee to review the financial history of an existing business. The FDD also cautions that if a prospective franchisee receives any financial performance information or projections from any other source, they should report it to Ledgers's management, the Federal Trade Commission, and the appropriate state regulatory agencies.