FDD-based startup cost, franchise fee, revenue, profit, SBA default rate, and investment risk signals for LMI.
Based on 2025 FDD · 1 filing in corpus
Cost and profit at a glance
Based on FDDIQ's FDD corpus, a LMI franchise shows an estimated initial investment of $20K – $28K. The franchisor does not provide enough Item 19 data for a clean profit estimate. Use the links below to compare the cost, revenue, SBA loan history, and ROI against other franchises before you request the full FDD.
Quick fee read: $15K franchise fee · 6% royalty/ad burden. These figures are directional screening data, not a substitute for reading the current FDD and speaking with existing operators.
LMI requires a total initial investment of $20K to $28K (midpoint approximately $24K), with an initial franchise fee of $15K. The ongoing fee burden is 6% . This is below the industry average of approximately 15.5%, leaving more margin for the operator.
LMI does not publicly disclose Item 19 financial performance data in their FDD. This is a significant transparency gap — franchisees must rely on validation calls and personal research rather than audited financial representations. Prospective buyers should demand current unit-level financials from existing operators during due diligence.
LMI operates approximately 112 franchised units. Unit count is relatively stable with a -1.8% year-over-year change.
Prospective franchisees should verify all figures against the most recent FDD, conduct validation calls with multiple existing franchisees, and consult with a franchise attorney before signing any agreement.
Analysis based on 2025 FDD filing. FDDIQ Editorial Team · Methodology
Estimated using sector-average margins. Actual franchise economics vary by location, operator, and market conditions.
Industry averages based on FranchiseIQ corpus benchmarks. ▲ = better than avg, ▼ = worse.
Common questions buyers ask about LMI, answered from FDD and SBA data.
The total initial investment for a LMI franchise ranges from $20K to $28K, according to their Franchise Disclosure Document.
LMI charges a 6% royalty fee on gross sales.
The initial franchise fee for LMI is $15,000.
There are approximately 112 LMI franchise locations as of 2023.
Profit data for LMI is disclosed in FDD Item 19 (Financial Performance Representation). Check their most recent Franchise Disclosure Document for current figures.
SBA loan default rate data for LMI is not currently available in the SBA database.
Whether a LMI franchise is worth it depends on total startup cost, royalty burden, FDD Item 19 economics, SBA loan performance, and local operator execution. FDDIQ compares these signals against similar franchises so buyers can screen the opportunity before paying for diligence.
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