About LMI Virginia Franchise
LMI (Leadership Management International) is a professional development franchise that has been franchising in Virginia since 1994.
The brand delivers leadership training, goal setting programs, and organizational development services to businesses seeking to improve team performance and cultivate effective leaders at every level.
The franchise fee is $15,000.
LMI Virginia 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, capped at $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% of sales, capped at $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 | $15,000 | $15,000 |
| Marketing and Business System Manuals, Etc. | $0 | $0 |
| Travel Expenses | $1,000 | $2,000 |
| Real Estate And Improvements | $0 | $0 |
| Miscellaneous Opening Costs | $1,000 | $1,500 |
| Additional Funds (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 |
| Audit Fee | Franchisee pays all reasonable expenses incurred by Franchisor if an inspection reveals a discrepancy in gross sales of 5% or more. |
| Registration Fees | $50 to $500 per person |
| Travel Expense Relating to Training | $500 to $1,500 estimate |
| Late fee for royalties | $25.00 |
| Transfer fee for returned drafts | $25.00 |
Training Program (Item 11)
| Detail | Information |
|---|---|
| Total Duration | Minimum of 52 hours over a six-month period, including initial one-on-one training and follow-up weekly calls and monthly group teleconferences. |
| Classroom Training | 7 hours |
| On-the-Job Training | 52 hours minimum over a six-month period |
| Training Location | LMI Home Office in Waco, TX, Web Seminar, Teleconference |
| Additional Training | Additional training programs and/or refresher courses are not required, but LMI encourages all Franchisees to attend additional training opportunities offered during the year. A minimum registration fee is required for additional training, such as Regional Meetings and the LMI National Convention, with franchisees paying their own travel and living expenses. |
Territory Rights (Item 12)
| Detail | Information |
|---|---|
| Territory Type | Non-exclusive |
| Exclusive Territory | No |
| Description | Franchisees do not receive an exclusive territory and may face competition from other LMI franchisees, company-owned outlets (though LMI does not currently operate any), or other channels of distribution. The franchise may be operated from any location within the contiguous United States and is not site-specific. |
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 notify intent to renew, pay the renewal fee, and not be in violation or default of the Franchise Agreement terms. |
| Transfer Fee | $5,000 |
| Transfer Conditions | Transferee must be of good moral character, have a satisfactory credit rating, possess competent business qualifications, and sign the then-current Franchise Agreement. All outstanding accounts due to LMI must be paid. |
| Termination for Cause | LMI can terminate for default, including failure to cure violations within 30 or 60 days (depending on the default), nonpayment of accounts, bankruptcy, or conviction of certain governmental law violations. |
| Non-Compete Period | 2 years |
| Non-Compete Details | After termination, franchisee may not compete for 2 years within 100 miles of LMI or another franchisee, nor assist others in doing so. This restriction applies to acts conducted within 100 miles of any area where the franchisee or their sales representatives made substantial sales of LMI products in the 2 years prior to termination. |
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 or a designee. This individual must devote substantial full-time and best efforts to the supervision and performance of the franchise and meet LMI's qualification and training requirements. |
| Required Suppliers | LMI is the only approved supplier for all products and services. |
| Supply Restrictions | Franchisee must purchase all LMI products from LMI or its predecessors/wholly-owned entities, and may not sell any other product or related services without LMI's express written consent. |
| Franchisor Revenue from Suppliers | Revenues for LMI consist of sale of products to its franchisees (which provides the major portion of our total revenues) and sale of franchises. 100% of franchisee's purchases of courses and related products are required to be from the Company. |
Financing (Item 10)
| Detail | Information |
|---|---|
| Financing Available | Yes |
| Description | LMI offers direct financing for up to $10,000 of the initial franchise fee at 0% interest, with monthly payments over 36 months. A promissory note and security agreement, assigning the Franchise Agreement as collateral, are required. |
LMI Virginia Franchise Earnings — Item 19
LMI Virginia 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 Virginia 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 Virginia Litigation & Risk Flags
Clean Litigation RecordLMI Virginia 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 Virginia System Growth
Total Units
112
Franchised
112
Company-Owned
0
LMI Virginia 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
Public Figures (Item 18)
The following public figures are associated with this franchise: 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, L.L.P. for year ending December 31.
LMI Virginia Franchise — FAQ
The total investment to open a LMI Virginia 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 Virginia charges a royalty fee of 6% of sales, capped at $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 Virginia 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 Virginia to ensure you have the most up-to-date version.
LMI Virginia 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 Virginia has been franchising since 1994. The FDD shows an investment range of $20,000-$27,500, a 6% of sales, capped at $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 Virginia 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 Virginia or any of its subsidiaries. To report an inaccuracy: info@franchiseoverview.com