Ledgers logo
Bookkeeping, payroll and tax services, advisory and consulting

Investment

$28,200

Initial Franchise Fee

$15,000

Units

6

Growth Rate

-25%

Overview About Investment Territories Support Operations Ranking History

Overview

Industry Financial Services
Founded 2019
Franchising Since 2020
Parent Company Loyalty Brands
Leadership Tyler Wynn, President
# of Employees at HQ 4

Units and Growth Chart

About Ledgers

Ledgers, founded in 2019, is a business service company that is headquartered in Virginia Beach, Virginia. They provide business services for small businesses aimed at helping them grow. These services include accounting and tax services, business planning, legalities, customer support and experience, employee management, and more.

Ledgers began franchising in 2020 and has since opened several franchises in the United States. It is offering franchising opportunities in both the U.S. and Canada.

Why You May Want To Start a Ledgers Franchise

Running a Ledgers franchise may mean you can build a business while improving the businesses of others. Franchisees with Ledgers may get a tested and proven training and coaching method and a proven business development system. These could help you build better businesses for your clients and improve your own Ledgers franchise business. Ledgers’ supportive management team could help you implement these systems effectively.

The ideal franchise candidate for Ledgers would be those with a passion for knowledge and a need to use that knowledge to assist others in achieving a higher level of business success. Franchisees with Ledgers should be passionate about helping small business owners who understand what it takes to make small businesses tick.

What Might Make a Ledgers Franchise a Good Choice?

A Ledgers franchise may be a great way to build a business with low overhead costs. Their initial fees and startup costs may also be lower for normal franchising. Additionally, business services may be a steady industry, meaning you may be able to build a successful business in a fairly short amount of time. Ledgers believes it has a guaranteed business model. ?This may have given them good marketing that helps new franchisees and offers them a chance to build a business with a reputable foundation.

To be part of the Ledgers team, you should make sure you're financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include advertising fees and royalty fees. Franchisees will also need to meet the company's set net worth and liquid capital requirements. 

How To Open a Ledgers Franchise

As you decide if opening a Ledgers franchise, make sure you take time to explore the opportunity. Research the brand and your local area to see if a Ledgers franchise would do well in your community. While competition is healthy, too much of it may not allow for the most possible growth.

Before making any financial commitment or signing an agreement, you must perform your due diligence and establish if this is the right opportunity for you. As part of your due diligence, you may want to speak to existing franchisees and ask the Ledgers franchising team questions. 

Ledgers wants your franchise to succeed and is ready to support you every step of the way. When you open the doors to your new business, you will be ready to operate your Ledgers franchise.

Investment Details

Initial Franchise Fee $15,000
Initial Investment $28,200 - $69,700
Net Worth Requirement $50,000
Cash Requirement $50,000
Royalty Fee 10%
Ad Royalty Fee 3%
Technology Fee 0
Term of Agreement 10 years
Is Franchise Term Renewable? Yes
Financing Third Party
Veterans Incentive 10% off franchise fee

Available Territories

Franchising opportunities available in the following regions

Training & Support Programs

Comprehensive training and ongoing support to help you succeed

Training

On the Job Training
Classroom Training 18 hours

Ongoing Support

Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection

Marketing Support

Co-op Advertising
Ad Templates
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App

Operations & Requirements

Key operational details and requirements for running this franchise

Is absentee ownership allowed? No
Can this franchise be run from home/mobile unit? Yes
Can this franchise be run part time? Yes
# of employees required to run 0
Are exclusive territories available? Yes

Ranking History

Ledgers performance in the Franchise rankings over recent years

No data available at this time.

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise or business opportunity by Entrepreneur Media. Our listings and rankings are solely research tools you can use to compare opportunities. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. That should include reviewing the company's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers.
Updated: December 12th, 2022