Ledgers is a business services franchise offering bookkeeping, payroll, and tax preparation services. The franchise has concerning unit economics with the system shrinking from 8 units in 2022 to only 2 units by 2024, representing a 75% contraction. The FDD notes a 50% franchisee turnover rate in the last year. While the initial investment is relatively low ($28,200-$89,700), the ongoing royalty rate is high at 10% of gross revenues. The franchise can be operated from home with a virtual office setup. Key risk factors include the significant system contraction, high turnover, and lack of financial performance disclosure. The franchisor's management team has litigation history from previous ventures at Liberty Tax.
Generated from 2025 Franchise Disclosure Document
Total startup costs, working capital, and financial requirements
Training, marketing support, technology, and operational assistance
Royalty, marketing, technology, and other ongoing fees
Revenue data, P&L estimates, and financial projections
Lawsuits, disputes, and legal risk assessment
Territory rights, term length, non-compete, and transfer rules
82 legal provisions scored on a franchisee-friendliness scale
Unit growth trends, exit rates, and system trajectory
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