According to Ledgers' 2025 Franchise Disclosure Document, Ledgers may grant a franchisee additional territories if they believe the franchisee possesses the necessary resources. Specifically, Ledgers assesses whether the franchisee has the time, energy, capital, and management structure required to successfully open and operate more outlets. This decision is at the discretion of Ledgers.

It's important to note that Ledgers franchisees do not have rights of first refusal or similar rights to automatically acquire additional territories. This means that even if a franchisee is performing well, Ledgers is not obligated to offer them the opportunity to expand into adjacent areas. The grant of additional territories is based solely on Ledgers' assessment of the franchisee's capabilities and resources at that time.

Furthermore, the FDD states that the continuation of a franchisee's territorial rights depends on achieving a certain level of growth, meaning that a franchisee cannot have declining revenue during two consecutive years. While this is related to maintaining existing territories, it implies that consistent performance and growth are important factors that Ledgers considers when evaluating a franchisee's potential for expansion. Failing to meet these minimum requirements could lead to Ledgers establishing a company-owned outlet in the franchisee's territory.

In summary, while the opportunity to expand exists, it is not guaranteed and depends heavily on the franchisee's demonstrated ability to manage and grow their existing Ledgers franchise, as well as Ledgers' overall strategic objectives.