About LMI South Dakota Franchise
LMI (Leadership Management International) is a professional development franchise that has been franchising in South Dakota since 1993.
The brand provides leadership training programs, executive coaching, and organizational performance consulting to businesses of all sizes, helping managers and leaders build the skills needed to drive growth and team performance.
The franchise fee is $15,000.
LMI South Dakota 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%; Not to exceed $10,000 per 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%; Not to exceed $10,000 per 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 |
| 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 one day at the LMI Home Office in Waco, TX, followed by a minimum of 180 days of follow-up training with individual weekly calls and monthly group teleconferences. |
| Classroom Training | 7 hours |
| On-the-Job Training | One per month (Six months minimum) for LMI Business Success System, Business Planning, Sales, and Marketing Plan Strategy. Two per week (8 weeks) for Effective Personal Productivity. One per month for Sales Marketing. |
| Training Location | LMI Home Office in Waco, TX for initial training; Web Seminar and Teleconference for ongoing training. |
| Additional Training | Additional training programs and/or refresher courses are not required, but special seminars emphasizing marketing and management methods are held periodically. Franchisees are encouraged to attend these additional training opportunities, which have no fee. |
Territory Rights (Item 12)
| Detail | Information |
|---|---|
| Territory Type | Non-exclusive |
| Exclusive Territory | No |
| Territory Size | Contiguous United States |
| Description | Franchisees do not receive an exclusive territory and may face competition from other franchisees, franchisor-owned outlets, or other channels of distribution. The franchise can be operated from any location and is not site-specific. LMI may establish other franchises that compete with existing ones but does not currently intend to establish company-owned outlets or sell similar products under different trademarks. |
Renewal, Termination & Transfer (Item 17)
| Detail | Information |
|---|---|
| Initial Term | 5 years |
| Renewal Term | Consecutive five-year terms |
| Renewal Fee | $1,500 |
| Renewal Conditions | Franchise may be renewed for consecutive five-year terms if the agreement has not been terminated due to violations. Requirements include notifying intent to renew, paying the renewal fee, and not being in violation or default of the Franchise Agreement terms. |
| Transfer Fee | $5,000 |
| Transfer Conditions | Transfer must be approved by LMI (consent not unreasonably withheld). The transferee must be of good character, have a satisfactory credit rating, possess competent business qualifications, pay the transfer fee, and sign the current standard Franchise Agreement. All outstanding accounts due to LMI must be paid by the transferor. |
| Termination for Cause | LMI can terminate if the franchisee defaults on terms or for good cause. Franchisees have 30 days to cure violations of the contract, non-payment of accounts, or minimum purchase requirements, and 60 days for other defaults. After two such notices for the same violation within 12 months, LMI can terminate immediately upon the third occurrence. |
| 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 or expiration, no competing for 2 years or within 100 miles of LMI or another Franchisee. Franchisee cannot assist or encourage other franchisees to terminate their business. |
Operations & Supply (Items 8 & 15)
| Detail | Information |
|---|---|
| Owner-Operator Required | Yes |
| Participation Details | The franchisee must designate and retain an 'Operating Principal' who may be the franchisee themselves. This individual must devote substantial full-time and best efforts to the supervision and performance of the franchise. The franchisee is also expected to work conscientiously towards growth, enlist and train sales representatives, supervise sales personnel, and seek methods to increase sales and acceptance of Company's products. |
| 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, nor sell any other product or related services without LMI's 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 up to $10,000 at 0% interest, with monthly payments up to 36 months ($278.00 per month). A promissory note is required. The note can be prepaid without penalty. Failure to make timely payments allows LMI to demand immediate payment of the full outstanding balance and obtain attorney's fees. |
LMI South Dakota Franchise Earnings — Item 19
LMI South Dakota 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 South Dakota 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 South Dakota Litigation & Risk Flags
Clean Litigation RecordLMI South Dakota 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 South Dakota System Growth
Total Units
112
Franchised
112
Company-Owned
0
LMI South Dakota 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: 37
Public Figures (Item 18)
The following public figures are associated with this franchise: Mr. Paul J. Meyer
State Registrations
Registered in 11 states: CA, IL, IN, MI, MN, NY, ND, SD, VA, WA, WI
Franchisor Financials (Item 21)
Revenue
$706K
Net Income
$-44,792
Total Assets
$715K
Audited by Pattillo, Brown & Hill for year ending December 31.
LMI South Dakota Franchise — FAQ
The total investment to open a LMI South Dakota 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 South Dakota charges a royalty fee of 6%; Not to exceed $10,000 per 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 South Dakota 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 South Dakota to ensure you have the most up-to-date version.
LMI South Dakota 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 South Dakota has been franchising since 1993. The FDD shows an investment range of $20,000-$27,500, a 6%; Not to exceed $10,000 per 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 South Dakota 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 South Dakota or any of its subsidiaries. To report an inaccuracy: info@franchiseoverview.com