How much does a Ledgers franchise cost?
Opening a Ledgers franchise takes a total initial investment of $48,200 to $89,700, according to the brand's 2026 Franchise Disclosure Document. The FDD's Item 19 reports median of $294,192 across 2 outlets.
Ledgers franchises bookkeeping, payroll, income tax preparation, and incorporation services, primarily from virtual locations. Category: Financial Services.
Item 7
What it costs to open a Ledgers franchise
The franchisor's own estimated initial investment, as disclosed in its 2026 FDD. The total is $48,200 to $89,700. Each line below carries the FDD page it was read from.
Where the money goes
The largest costs are Additional Funds – 3 months ($5,000 to $15,000), Construction & Leasehold Improvements ($0 to $10,000), and Furniture, Fixtures and Equipment ($0 to $7,000). Together they make up about 36% of the high-end estimate.
The initial franchise fee is $35,000, about 73% of the low-end total.
Our arithmetic from the Item 7 table below.
| Expenditure | Low | High | Source |
|---|---|---|---|
| Initial Franchise Fee2026 FDD, Item 7, p. 16 | $35,000 | $35,000 | 2026 FDD, Item 7, p. 16 |
| Construction & Leasehold Improvements2026 FDD, Item 7, p. 16 | $0 | $10,000 | 2026 FDD, Item 7, p. 16 |
| Furniture, Fixtures and Equipment2026 FDD, Item 7, p. 16 | $0 | $7,000 | 2026 FDD, Item 7, p. 16 |
| Interior & Exterior Signage2026 FDD, Item 7, p. 16 | $0 | $3,000 | 2026 FDD, Item 7, p. 16 |
| Rent and Security Deposit2026 FDD, Item 7, p. 16 | $0 | $6,000 | 2026 FDD, Item 7, p. 16 |
| Software and Software Support Services2026 FDD, Item 7, p. 16 | $100 | $500 | 2026 FDD, Item 7, p. 16 |
| Computer Systems & Connectivity2026 FDD, Item 7, p. 16 | $2,500 | $4,000 | 2026 FDD, Item 7, p. 16 |
| Training Travel and Living Expenses2026 FDD, Item 7, p. 16 | $1,000 | $2,000 | 2026 FDD, Item 7, p. 16 |
| Opening Inventory & Supplies2026 FDD, Item 7, p. 16 | $500 | $1,500 | 2026 FDD, Item 7, p. 16 |
| Permits and Licenses2026 FDD, Item 7, p. 16 | $700 | $700 | 2026 FDD, Item 7, p. 16 |
| Utilities2026 FDD, Item 7, p. 16 | $500 | $1,000 | 2026 FDD, Item 7, p. 16 |
| Insurance2026 FDD, Item 7, p. 16 | $400 | $500 | 2026 FDD, Item 7, p. 16 |
| Professional Fees2026 FDD, Item 7, p. 16 | $2,500 | $3,500 | 2026 FDD, Item 7, p. 16 |
| Additional Funds – 3 months2026 FDD, Item 7, p. 16 | $5,000 | $15,000 | 2026 FDD, Item 7, p. 16 |
| Total estimated initial investment2026 FDD, Item 7, p. 16 | $48,200 | $89,700 | 2026 FDD, Item 7, p. 16 |
Source Ledgers, 2026 FDD, Item 7, p. 16, via Public FDD bucket (storage.googleapis.com/franchiseindx_fdds) (source record). Figures read and verified 2026-09-27. Read from a scanned copy of this FDD; figures and page citations were transcribed from the page images.
Item 19
What Ledgers franchisees actually report earning
Median
$294,192
Ledgers' 2026 FDD, Item 19, for the January 1, 2025 - December 31, 2025. Basis: Franchised outlets in operation for three or more years.
Sample size: 2 outlets. The FDD also reports average gross revenues of $294,192. We lead with the median because an average is pulled upward by the strongest outlets; the median is the middle outlet.
What the franchisor excluded from this figure
- The FDD excluded each of the 16 New Outlets from these financial performance representations because they were not in operation for the entirety of the Measurement Period.
- One of the reporting outlets operates a brick-and-mortar location and the other operates a virtual office.
This is a disclosure of what some existing outlets reported, not a projection of what a new Ledgers outlet would earn. Your results will differ.
Source Ledgers, 2026 FDD, Item 19, p. 40, via Public FDD bucket (storage.googleapis.com/franchiseindx_fdds) (source record). Figures read and verified 2026-09-27. Read from a scanned copy of this FDD; figures and page citations were transcribed from the page images.
Item 20
How many Ledgers outlets there are, and how many closed
Ledgers ended 2025 with 16 franchised outlets and no company-owned outlets. In that year 14 franchised outlets opened and none left the system.
Three years at a glance
From 2023 through 2025, Ledgers opened 15 franchised outlets and 7 outlets left the system. That is a net gain of 8, from 8 to 16 franchised outlets. Of the outlets that left, 4 were bought back by the franchisor and 3 closed for other reasons.
With fewer than 10 outlets, one closure moves the numbers a lot, so we do not calculate a yearly rate.
Our arithmetic from the FDD's Item 20 table below. "Left the system" counts every outlet the franchisor reports as terminated, not renewed, bought back, or closed for other reasons.
| Year | Start | Opened | Terminated | Non-renewed | Reacquired | Ceased, other | End | Source |
|---|---|---|---|---|---|---|---|---|
| 2025 | 2 | 14 | 0 | 0 | 0 | 0 | 16 | 2026 FDD, Item 20, p. 43 |
| 2024 | 4 | 1 | 0 | 0 | 3 | 0 | 2 | 2026 FDD, Item 20, p. 43 |
| 2023 | 8 | 0 | 0 | 0 | 1 | 3 | 4 | 2026 FDD, Item 20, p. 43 |
Source Ledgers, 2026 FDD, Item 20, p. 43, via Public FDD bucket (storage.googleapis.com/franchiseindx_fdds) (source record). Figures read and verified 2026-09-27. Read from a scanned copy of this FDD; figures and page citations were transcribed from the page images.
Compare
How Ledgers compares with other Financial Services franchises
Measured against the 14 Financial Services franchises on this site, using each brand's own FDD.
- Cost to open. The middle of Ledgers' estimated range is $68,950. It costs less to open than 54% of Financial Services franchises here.
- Earnings disclosure. 4 of the 14 Financial Services franchises here publish earnings figures in Item 19. Ledgers is one of them.
Our arithmetic from each brand's Item 7 and Item 20. Growth and departure comparisons leave out brands with fewer than 10 outlets, where one opening or closure distorts the figures. See every Financial Services franchise side by side.
Alert me when Ledgers files a new FDD
Franchisors reissue their FDD at least once a year, and the Item 7 and Item 19 figures move. Leave an email and we will send you Ledgers' updated numbers when the next document is published, plus the brand-comparison worksheet.
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