According to Ledgers' 2025 Franchise Disclosure Document, the total operating expenses for the company in 2022 were $963,879. This figure encompasses various costs associated with running the business, including salaries, wages, taxes, benefits, advertising, promotions, corporate overhead, franchise recruitment, technology, professional fees, and other general and administrative expenses.

Breaking down the operating expenses, salaries, wages, taxes, and benefits made up a significant portion at $425,683. Technology expenses were also substantial, amounting to $248,337. Franchise recruitment expenses totaled $128,533, while corporate overhead expense was $58,370. Advertising and promotions accounted for $19,784, and professional fees were $61,406. Other general and administrative expenses added up to $21,766.

Prospective franchisees should consider these operating expenses when evaluating the financial performance of Ledgers. Understanding the breakdown of these expenses can help franchisees plan and manage their own costs effectively. It's important to note that these figures reflect the company's expenses and may not directly translate to the operating expenses of an individual franchise, which would depend on factors such as location, staffing, and local marketing efforts.

It is also important to note that the FDD includes an Independent Auditor's Report stating that the financial statements present fairly the financial position, results of operations, and cash flows of Ledgers for the years ended December 31, 2024, 2023, and 2022, in accordance with accounting principles generally accepted in the United States of America.