Ledgers

Franchise Information

Analyzed filing: MN · File #232662743

Filed: Jun 3, 2026

FDD Issued: Jun 5, 2026

Extracted: Aug 24, 2026

Verified family consensus fee low tie:family=mn:36383-202604|values=15000,35000|current=15000

Franchisor Details

Name: Loyalty Business Services LLC

Parent: Loyalty, LLC

Address: 780 Lynnhaven Parkway, Suite 240, Virginia Beach, VA 23452

Phone: (888) 268-0321

Website: www.ledgersusa.com

Franchising Since: 2020

Industry & Qualifications

Industry

Financial Services

Veteran Discount

10.0%

Franchise Fee

$15,000 - $35,000

Royalty

10.0%

Ad Fund: 3.0%

Total Investment

$48K - $90K

Initial Term

10 years

Renewable

Outlet Information

Total Outlets (2025)

Franchised

Opened (Last Year)

+14

Closed (Last Year)

-0

Churn Breakdown (Last Year)

Terminations

Non-Renewals

Ceased Ops

Transfers

Reacquired

Exclusive Territory

Yes

Franchise operates in a designated territory; territorial rights are conditional...

Item 19 (Financial Performance)

Disclosed

Data covers 2 established outlets operating 3+ years; 16 new outlets opened in 2...

Financial Performance (Item 19)

Avg Unit Volume (through Dec 2025)

$294,192

Median

$294,192

Highest

$364,474

Lowest

$223,911

% Achieving Avg

50.0%

Sample Size

2 units

Legal History

Litigation: Yes

CEO John T. Hewitt named in multiple pending actions including Lubert v. Hewitt (fraud, conversion,...

View filing:

Number	File name	Source State	Filing Date	Actions
35238	437676_Franchise__Ledgers___Single_Unit_EFDID___North Dakota_35238.pdf Alternate source copy	ND	Aug 17, 2022 FDD issue date	Restricted
34315	437676_Franchise__Ledgers___Single_Unit_EFDID___Virginia_34315.pdf Alternate source copy	VA	Apr 1, 2022 FDD issue date	Restricted
16740	437676_Franchise__Ledgers___Single_Unit_EFDID___New York_16740.pdf Alternate source copy	NY	Apr 1, 2022 FDD issue date	Restricted
17093	437676_Franchise__Ledgers___Single_Unit_EFDID___North Dakota_17093.pdf Alternate source copy	ND	Apr 1, 2022 FDD issue date	Restricted
34320	437680_Franchise__Ledgers___Area_Representative_Virginia_34320.pdf Alternate source copy	VA	—	Restricted
16747	437680_Franchise__Ledgers___Area_Representative_New York_16747.pdf Alternate source copy	NY	—	Restricted

Showing 51–56 of 56 files.