Start a Leadership Management International Franchise in 2024

2024 Franchise 500 Rank: #168 Ranked #191 last year

Initial investment: $20K - $28K

Units as of 2024: 495 3.8% over 3 years

Paul J. Meyer founded Leadership Management International Inc. in 1966. The company provides programs and courses to help people reach their professional and personal goals, largely focusing on promoting leadership skills. Franchisees help people figure out what path to take and when to take it. Leadership Management International Inc. now offers programs and courses in dozens of countries across the globe. There are over 400 Leadership Management International Inc. locations throughout the world, including over 100 in the U.S.

If you're ready to bring out the confidence in others, then this might be the perfect franchise for you.

Why You May Want to Start a Leadership Management International Inc. Franchise

As a franchisee of Leadership Management International Inc., you should expect to be engaged in your business's everyday operations. However, the company does offer franchisees the option to make their franchise a home-based business and/or a part-time business. Still, though, you should expect to be largely involved in your Leadership Management International Inc. franchise.

The programs and courses are updated frequently, so you can always be the most informed. The business world is constantly changing, and so are the issues professionals need to address. If you're not teaching the most recent information, then you're not helping your client achieve their goals.

What Might Make a Leadership Management International Inc. Franchise a Good Choice?

To open a Leadership Management International Inc. franchise, you need to make sure that you have enough liquid capital to start and run your business. The initial investment is made up of a franchise fee and other startup fees. Additional ongoing fees will be required in the form of royalty fees and potential renewal fees. A contract with Leadership Management International Inc. lasts for five years and can be renewed for a sum if both parties wish to continue their business together.

Leadership Management International Inc. supports franchisees and their staff in many different ways. As a franchisee of Leadership Management International Inc., you have access to training videos, audios, and manuals. These items cover subjects including how to run your business, how to build a client base, how to keep financial records, and more. There are also regular conferences that help you grow professionally. You also have access to a franchise mentor to help you get started and learn how to grow your franchise.

How To Open a Leadership Management International Inc. Franchise

If you want to open a Leadership Management International Inc. franchise, you will need to submit an initial inquiry form. Here you will provide your personal information and contact information. You will also need to indicate your current occupation and position. Also, you need to let the company know how quickly you want to open your franchise, how you found out about Leadership Management International Inc., and of any questions or concerns you have.

Once you submit this information, a representative may contact you to further discuss the Leadership Management International Inc. franchise opportunity. If everything goes well, you will fill out a formal application, review the Franchise Disclosure Document, and schedule a day to visit company headquarters in Waco, Texas.

If your application is approved, you will begin a few dozen hours of classroom training, select an office site, set your territory, and plan the grand opening of your franchise.

Company Overview

About Leadership Management International

Industry	Business Services
Related Categories	Business Training Programs, Tutoring
Founded	1966
Parent Company	Leadership Management International Inc.
Leadership	Randy Slechta, CEO
Corporate Address	4567 Lake Shore Dr. Waco, TX 76710
Social	Facebook, Twitter, LinkedIn, Instagram, YouTube

Business Overview

Franchising Since	1966 (58 years)
# of employees at HQ	13
Where seeking	This company is offering new franchises worldwide. This company is offering new franchises in the following US states: Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, District of Columbia, Delaware, Florida, Georgia, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, North Carolina, North Dakota, Nebraska, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West Virginia, Wyoming
# of Units	495 (as of 2024)

Information for Franchisees

Here's what you need to know if you're interested in opening a Leadership Management International franchise.

Financial Requirements & Ongoing Fees

Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee Definition: The initial fee paid to a franchisor to join their system What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.	$15,000
Initial Investment Definition: The total amount necessary to begin operation of the franchise What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.	$20,000 - $27,500
Veteran Incentives Definition: A discount or other incentive offered to military veterans who buy a franchise with this company.	80% interest-free financing on franchise fee
Royalty Fee Definition: A ongoing fee paid to the franchisor on a regular basis. What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.	6%
Term of Agreement Definition: The length of time your franchise agreement will last. What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.	5 years
Is franchise term renewable?	Yes

Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

In-House Financing	Leadership Management International offers in-house financing to cover the following: franchise fee
Third Party Financing	Leadership Management International has relationships with third-party sources which offer financing to cover the following: startup costs, equipment, inventory, accounts receivable, payroll

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training	Ongoing
Classroom Training	40 hours
Ongoing Support	Newsletter Meetings & Conventions Toll-Free Line Grand Opening Online Support Security & Safety Procedures Lease Negotiation Field Operations Site Selection Proprietary Software Franchisee Intranet Platform
Marketing Support	Ad Templates Regional Advertising Social Media SEO Website Development Email Marketing Loyalty Program/App

Operations

Additional details about running this franchise.

Is absentee ownership allowed?	No
Can this franchise be run from home/mobile unit? Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.	Yes
Can this franchise be run part time? Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.	Yes
# of employees required to run	2-10
Are exclusive territories available? Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened. What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.	Yes