What schedule contains the territory details for a Ledgers franchise?
Ledgers Franchise · 2025 FDDAnswer from 2025 FDD Document
| Schedule 1 | Territory |
|---|---|
| Schedule 2 | Automatic Bank Draft Authorization |
| Schedule 3 | Telephone Number Assignment |
| Schedule 4 | Lease Rider |
| Schedule 5 | Release |
| Schedule 6 | State Addenda to the Franchise Agreement |
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to the 2025 Ledgers Franchise Disclosure Document, Schedule 1 of the Franchise Agreement contains the territory details for a Ledgers franchise. The document also includes a table that lists all schedules included in the franchise agreement, including Schedule 1, which is specifically designated for outlining the territory.
Schedule 1 defines the franchisee's territory by zip codes, political, or geographic boundaries. The franchisor promises not to establish a company-owned or franchised outlet selling similar goods or services under the same trademarks within the franchisee's defined geographic area. This area typically includes a population of 65,000 residents and at least 3,500 businesses, as determined by the U.S. Census Bureau or other reliable mapping data.
Prospective franchisees should carefully review Schedule 1 to understand the exact boundaries of their territory and the demographic data used to define it. This information is crucial for assessing the market potential and competitive landscape of their franchise location. Additionally, franchisees should inquire about the process for resolving any disputes related to territory boundaries or potential encroachments by other Ledgers franchisees or company-owned outlets.