What was the total revenue for Ledgers in 2024?
Ledgers Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2 | Assets | ||||||
|---|---|---|---|---|---|---|---|
| 2024 | 2023 | 2022 | |||||
| Current Assets: | S | ||||||
| Cash and cash equivalents | $ 424,085 | $ 181,077 | $ 264,411 | ||||
| Royalty receivables | 3,190 | 3,302 | - | ||||
| Notes receivable, current | 40,760 | 229,901 | |||||
| Total Current Assets | 427,275 | 225,139 | 494,312 | ||||
| Non-Current Assets: | |||||||
| Notes receivable, less current portion | = | 634,000 | |||||
| Due from related parties | 630,180 | 1,229,516 | 1,320,815 | ||||
| Deferred tax asset | 715,000 | 611,000 | 513,000 | ||||
| Total Non-Current Assets | 1,345,180 | 1,840,516 | 2,467,815 | ||||
| Total Assets | $ 1,772,455 | $ 2,065,655 | $ 2,962,127 | ||||
| Liabilities and Members' Equity | |||||||
| Current Liabilities: | |||||||
| Accounts payable | $ 15,010 | $ 15,010 | $ 125,974 | ||||
| Accrued expenses | 4,755 | 9,975 | 5,152 | ||||
| Due to related parties | 852,180 | 737,180 | 305,000 | ||||
| Deferred revenue - current | 24,000 | 94,000 | 110,000 | ||||
| Total Current Liabilities | 895,945 | 856,165 | 546,126 | ||||
| Non-Current Liabilities: | |||||||
| Deferred revenue | 83,000 | 53,989 | 711,614 | ||||
| Total Non-Current Liabilities | 83,000 | 53,989 | 711,614 | ||||
| Total Liabilities | 978,945 | 910,154 | 1,257,740 | ||||
| Members' Equity: | |||||||
| Members' equity | 793,510 | 1,155,501 | 1,704,387 | ||||
| Total Members' Equity | 793,510 | 1,155,501 | 1,704,387 | ||||
| Total Liabilities and Members' Equity | $ 1,772,455 | $ 2,065,655 | $ 2,962,127 |
LOYALTY BUSINESS SERVICE
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to Ledgers' 2025 Franchise Disclosure Document, the total revenue for the company in 2024 was $92,871. This figure is broken down into several components: initial franchise fees ($30,336), royalty fees ($36,056), commission income (stated as '=') and other revenue ($26,479).
It is important to note that this revenue figure is for the franchisor, Ledgers, and not for individual franchisees. Franchisees generate their own revenue through the services they provide to their clients. The franchisor's revenue is primarily derived from fees paid by franchisees, such as initial franchise fees and ongoing royalty fees.
Prospective franchisees should consider the franchisor's revenue trends when evaluating the financial health and stability of the Ledgers franchise system. A consistent or growing revenue stream for the franchisor can indicate a healthy and well-supported franchise network. However, a declining revenue stream could be a red flag, suggesting potential challenges within the system.
In addition to the franchisor's revenue, prospective franchisees should also carefully review the financial performance representations (if any) provided in Item 19 of the FDD to understand the potential revenue and expenses of operating a Ledgers franchise. It is also advisable to conduct independent research and speak with existing franchisees to gather additional insights into the financial aspects of the business.