Is there a renewal fee required for a Ledgers franchise, and if so, where can I find more information?
Ledgers Franchise · 2025 FDDAnswer from 2025 FDD Document
Upon the completion of the Term, or a renewal Term as the case may be, if you are in compliance with this Agreement and meet other conditions for renewal, you may enter into a new contract, on the then-current form. We will not change material Terms including your Territory in your renewals. If you wish to renew this Agreement, you must:
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- notify us in writing at least 90 days before the expiration of this Agreement;
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- execute a general release of all claims you may have against us (See Schedule 6);
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- pay any required renewal fee (if any);
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to Ledgers' 2025 Franchise Disclosure Document, the franchise agreement lasts for a term of ten years, and franchisees may have the option to renew. Item 22, Section B, describes the renewal process.
To renew the Ledgers franchise agreement, a franchisee must provide written notification at least 90 days before the current agreement expires. They must also execute a general release of all claims against Ledgers, as detailed in Schedule 6 of the agreement. Critically, the franchisee must "pay any required renewal fee (if any)."
The FDD indicates that a renewal fee may be required, but it does not specify the amount of the fee or the conditions under which it is charged. A prospective franchisee should inquire with Ledgers about the amount and terms of any renewal fees to fully understand the financial obligations involved in extending the franchise agreement.