What was the total amount Ledgers spent on advertising and promotions in 2022?
Ledgers Franchise · 2025 FDDAnswer from 2025 FDD Document
NIFICANT ACCOUNTING POLICIES (Continued)
Income Tax Status (Continued)
It is the Company's policy to evaluate all tax positions to identify those that may be considered uncertain.
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to Ledgers' 2025 Franchise Disclosure Document, the company's total advertising expense for the year ending December 31, 2022, was $19,784.
This figure represents the total amount Ledgers spent on advertising and promotional activities during that year. As a prospective franchisee, it's important to understand how these advertising expenses benefit your franchise.
Ledgers requires franchisees to contribute 3% of the previous month's gross revenues to the Advertising Fund. However, the FDD states that the fund is not audited, but unaudited financial statements of the Advertising Fund will be made available to you upon written request. It is important to note that Ledgers is not required to spend any amount on advertising in the area or territory where you will be located. Therefore, it is important to understand how Ledgers plans to support its franchisees through advertising and marketing efforts.