Ledgers is an accounting and bookkeeping franchise that provides tax preparation, payroll, and financial consulting services to small and medium-sized businesses.
KEY FRANCHISE STATS
Franchisees
?
4
+
-43%
-43%
Franchise fee
?
$15,000
Investment
?
$28,000 - $70,000
Revenue (AUV)
?
Undisclosed
$0
+
n.a.
n.a.
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Ledgers is a professional services franchise offering accounting, bookkeeping, tax preparation, payroll, and financial advisory solutions tailored specifically for small business owners.
The brand was founded in 1994 in Sydney, Nova Scotia, by a group of accountants who recognized the need for affordable, high-quality financial services for entrepreneurs.
By 1997, Ledgers began franchising, and in 2000, it relocated its headquarters to Newmarket, Ontario. The company entered the U.S. market in 2019, establishing a presence in Virginia Beach, Virginia, and officially began franchising in the U.S. in 2020.
The Ledgers franchise stands out due to its centralized processing model, which allows franchisees to focus on client engagement and business development while the back-office team handles much of the technical work. This approach not only simplifies operations but also enables franchisees to scale efficiently.
Initial investment
The initial investment required for a Ledgers franchise is
$28,000 - $70,000.
That is the total cost you would need to finance if you were to start this franchise.
These costs are provided by the franchisor in the Franchise Disclosure Document.
Type of Expenditure
Amount
Initial Franchise Fee
$15,000
Construction & Leasehold Improvements
$0 – $10,000
Furniture, Fixtures and Equipment
$0 – $7,000
Interior & Exterior Signage
$0 – $3,000
Rent and Security Deposit
$0 – $6,000
Software and Software Support Services
$100 – $500
Computer Systems & Connectivity
$2,500 – $4,000
Training Travel and Living Expenses
$1,000 – $2,000
Opening Inventory & Supplies
$500 – $1,500
Permits and Licenses
$700
Utilities
$500 – $1,000
Insurance
$400 – $500
Professional Fees
$2,500 – $3,500
Additional Funds – 3 months
$5,000 – $15,000
Total
$28,200 – $69,700
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Type of Expenditure
Amount
Initial Franchise Fee
$15,000
Construction & Leasehold Improvements
$0 – $10,000
Furniture, Fixtures and Equipment
$0 – $7,000
Interior & Exterior Signage
$0 – $3,000
Rent and Security Deposit
$0 – $6,000
Software and Software Support Services
$100 – $500
Computer Systems & Connectivity
$2,500 – $4,000
Training Travel and Living Expenses
$1,000 – $2,000
Opening Inventory & Supplies
$500 – $1,500
Permits and Licenses
$700
Utilities
$500 – $1,000
Insurance
$400 – $500
Professional Fees
$2,500 – $3,500
Additional Funds – 3 months
$5,000 – $15,000
Total
$28,200 – $69,700
Franchise Disclosure Document
Below is Ledgers's 2024 Franchise Disclosure Document. Upgrade to Pro or purchase the FDD to view and download the document.
Number of units
Ledgers had 4 total units in 2024, of which 4 were franchised-owned and 0 company-owned.
Frequently Asked Questions
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Ledgers offers a structured training program to ensure that franchisees and their team are prepared to operate the business successfully:
Initial Training Program: Franchisees and any designated Business Manager must attend and complete a mandatory initial training course before beginning operations. This program is conducted over a minimum of three days in Newmarket, Ontario, or another approved location, and covers topics such as operations, client acquisition, marketing, and using the company's cloud technology.
Advanced and Refresher Training: Ledgers may require franchisees to attend additional or refresher training sessions, which can be delivered either in person or electronically. These sessions cover updated business practices and help franchisees stay aligned with system-wide standards.
Employee Training: Franchisees are responsible for training their employees to deliver professional services and maintain client satisfaction. Employees must meet any required certifications or licenses mandated by law, including necessary continuing education.
Ongoing Seminars and Optional Training: The franchisor may offer optional additional seminars or specialized training programs. While participation may be encouraged, any required sessions must be attended, and the franchisee bears any related travel or accommodation expenses.
Territory Protection
Ledgers provides franchisees with a protected but non-exclusive territory. This means the franchisor agrees not to establish another franchised or company-owned Ledgers location within the designated geographic area.
However, franchisees may still face competition from other Ledgers franchisees, company outlets, or other distribution channels, such as internet marketing or telemarketing, that operate within or across territories.
Franchisees are permitted to accept clients from outside their assigned territory but may not actively solicit them without prior written consent from Ledgers. Moreover, if Ledgers grants permission to operate outside of one's territory, that permission can be revoked at any time.
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