About LMI Illinois Franchise
LMI (Leadership Management, Inc.) franchises the right to sell and service executive, management, and leadership development programs and assessments to individuals and corporate clients.
Franchisees purchase products from LMI for resale to the public and are responsible for the ongoing training and service of these clients as they progress through the programs.
The programs, courses, and tapes focus on general fields of knowledge, education, and communications, with a special emphasis on leadership, supervisory, and executive development.
LMI Illinois Franchise Cost & Fees
Minimum Investment
$20K
Average Investment
$24K
Maximum Investment
$28K
| Fee Type | Amount | Notes |
|---|---|---|
| Initial Franchise Fee | $15,000 | One-time payment upon signing |
| Royalty Fee | 6% of sales to customers, less cost of LMI Product, capped at $10,000 per calendar year of gross sales | Ongoing; paid monthly |
| Marketing/Ad Fund | None | National brand fund |
| Total Investment Range | $20,000 – $27,500 | Includes build-out, inventory, working capital |
The investment range of $20K–$28K reflects variability in build-out costs, store size, lease terms, and market. The combined royalty (6% of sales to customers, less cost of LMI Product, capped at $10,000 per calendar year) and marketing fee (None) are ongoing costs paid as a percentage of gross sales.
Investment Breakdown (Item 7)
| Item | Low | High |
|---|---|---|
| INITIAL FRANCHISEE FEE (1) | $15,000 | $15,000 |
| MARKETING and BUSINESS SYSTEM MANUALS, ETC. | $0 | $0 |
| TRAVEL EXPENSES (2) | $1,000 | $2,000 |
| REAL ESTATE AND IMPROVEMENTS (3) | $0 | $0 |
| MISCELLANEOUS OPENING COSTS (4) | $1,000 | $1,500 |
| ADDITIONAL FUNDS (5) (to cover working capital needs for a start up period of 1 to 3 months) | $3,000 | $9,000 |
Additional Fees (Item 6)
| Fee Type | Amount |
|---|---|
| Transfer Fee | $5,000 |
| Renewal Fee | $1,500 |
| Technology Fee | None |
| Audit Fee | None |
| Registration Fees | $50 to $500 per person |
| Travel Expense Relating to Training | $500 to $1,500 estimate |
Training Program (Item 11)
| Detail | Information |
|---|---|
| Total Duration | Initial training is provided during the first 90 days, with follow-up training continuing for a minimum of 180 days. |
| Classroom Training | 7 hours |
| On-the-Job Training | Ongoing, including monthly sessions for LMI Business Success System, Business Planning, Sales, and Marketing Plan Strategy (minimum 6 months each), two sessions per week for 8 weeks for Effective Personal Productivity, and one monthly session for Sales Marketing. |
| Training Location | LMI Home Office in Waco, TX, Web Seminar, Teleconference |
| Additional Training | Additional training programs and/or refresher courses are not required but are encouraged. Special seminars are held from time to time with a nominal registration fee. |
Territory Rights (Item 12)
| Detail | Information |
|---|---|
| Territory Type | Non-exclusive |
| Exclusive Territory | No |
| Territory Size | None |
| Description | Franchisees will not receive an exclusive territory and may face competition from other franchisees, company-owned outlets (though none currently exist or are planned), or other channels of distribution. Franchisees may operate throughout the contiguous United States, but no specific territory is granted. |
Renewal, Termination & Transfer (Item 17)
| Detail | Information |
|---|---|
| Initial Term | 5 years |
| Renewal Term | Consecutive five (5) year terms |
| Renewal Fee | $1,500 |
| Renewal Conditions | Franchisee must satisfy all monetary obligations, comply with current qualification and training requirements, and pay the renewal fee. Agreement must not have been terminated due to violations. |
| Transfer Fee | $5,000 |
| Transfer Conditions | Transferee must be of good moral character, satisfactory credit rating, possess competent business qualifications, and sign the then-current standard Franchise Agreement. Franchisee must have fully paid all financial obligations to LMI. LMI's approval is required and will not be unreasonably withheld. |
| Termination for Cause | LMI can terminate for default (e.g., failure to cure violations within 30-60 days after notice, nonpayment of accounts, bankruptcy, conviction of certain laws/regulations). |
| Non-Compete Period | 2 years |
| Non-Compete Details | During the term of the franchise, no involvement in a competing business anywhere in the United States. After termination, no competing for 2 years or within 100 miles of any area where the franchisee or their sales representatives made substantial sales of LMI products. Also, cannot induce LMI franchisees, employees, or sales representatives to terminate their association with LMI. |
Operations & Supply (Items 8 & 15)
| Detail | Information |
|---|---|
| Owner-Operator Required | Yes |
| Participation Details | The Franchisee must designate and always retain an individual to serve as the "Operating Principal" who must devote substantial full time and best efforts to the supervision and performance of the Franchise. The Franchisee may serve in this position. |
| Required Suppliers | LMI is the only approved supplier for all products sold by the Franchisee. |
| Supply Restrictions | Franchisee is not allowed to purchase any of LMI's products from any person or entity other than LMI without express written consent. Franchisee also agrees not to sell any other product or related services other than those marketed by LMI without express written consent. |
| Franchisor Revenue from Suppliers | 88-89% of total revenues from sale of products to franchisees. |
Financing (Item 10)
| Detail | Information |
|---|---|
| Financing Available | Yes |
| Description | LMI offers financing for up to $10,000 of the initial franchise fee at 0% interest, with monthly payments up to 36 months. A promissory note is required. The monthly payment would be $278.00 for 36 months. Prepayment is allowed without penalty. Default can lead to immediate demand for full outstanding balance and attorney's fees. |
LMI Illinois Franchise Earnings — Item 19
LMI Illinois does not make an Item 19 financial performance representation in their FDD. This means they do not disclose revenue, profit, or earnings data for franchised locations. Before investing, ask the franchisor directly for franchisee contact information so you can speak with existing owners about their actual financial performance.
LMI Illinois does not include an Item 19 financial performance representation in their FDD. Contact information for current and former franchisees is listed in Item 20 of the FDD.
LMI Illinois Litigation & Risk Flags
Clean Litigation RecordLMI Illinois has no pending litigation actions listed in their FDD. There is also no bankruptcy history disclosed.
Litigation and bankruptcy data is sourced from Items 3 and 4 of the FDD. Always verify current status directly from the most recent FDD.
LMI Illinois System Growth
Total Units
112
Franchised
112
Company-Owned
0
LMI Illinois currently operates 112 franchised locations and 0 company-owned units. Unit count data is sourced from Item 20 of the FDD.
Unit History (Item 20)
| Year | Opened | Closed | Total |
|---|---|---|---|
| 2021 | 9 | 17 | 114 |
| 2022 | 7 | 10 | 111 |
| 2023 | 11 | 10 | 112 |
Transfers: 1 | Closures: 10
State Registrations
Registered in 13 states: CA, IL, IN, MD, MI, MN, NY, ND, RI, SD, VA, WA, WI
Franchisor Financials (Item 21)
Revenue
$706K
Net Income
$-44,792
Total Assets
$715K
Audited by Pattillo, Brown & Hill, L.L.P. for year ending December 31.
LMI Illinois Franchise — FAQ
The total investment to open a LMI Illinois franchise ranges from $20,000 to $27,500, per their Franchise Disclosure Document. This includes the initial franchise fee of $15,000. The investment covers build-out, inventory, equipment, signage, working capital, and other startup costs.
LMI Illinois charges a royalty fee of 6% of sales to customers, less cost of LMI Product, capped at $10,000 per calendar year of gross sales, plus a None contribution to the marketing/advertising fund. These fees are paid on an ongoing basis.
You can download the LMI Illinois Franchise Disclosure Document free on this page. The FDD is a public document filed with state franchise registries. Always also request the current FDD directly from LMI Illinois to ensure you have the most up-to-date version.
LMI Illinois does not provide an Item 19 financial performance representation in their FDD, which means they do not disclose franchisee revenue or earnings data. Prospective investors should contact existing franchisees directly (listed in Item 20 of the FDD) to gather real-world financial performance information.
LMI Illinois has been franchising since 1993. The FDD shows an investment range of $20,000-$27,500, a 6% of sales to customers, less cost of LMI Product, capped at $10,000 per calendar year royalty, and no Item 19 earnings disclosure. There is no pending litigation. Review the full FDD and contact current franchisees listed in Item 20 before making any investment decision.
The franchise fee is $15,000 and the total investment ranges from $20,000 to $27,500 depending on location size and market. A minimum of $3,000 in liquid capital is required. Contact the franchisor directly for current net worth and liquid capital requirements, territory availability, and application details.
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Data Source & Disclaimer: This website is for informational purposes only. It is not an offer to sell or buy a franchise. This profile is based on publicly available FDD data sourced from state franchise registry filings. All information is for research purposes only and does not constitute legal, financial, or investment advice. Data may be outdated or contain errors. Always obtain the current FDD directly from LMI Illinois and consult a qualified franchise attorney before making any investment decision. FranchiseOverview.com is operated by Franchising Compliance, LLC and is not affiliated with LMI Illinois or any of its subsidiaries. To report an inaccuracy: info@franchiseoverview.com