What are LMI New York franchise royalty fees?

LMI New York charges a 6% royalty fee on gross sales.

What is the LMI New York franchise fee?

The initial franchise fee for LMI New York is $15,000.

How many LMI New York franchise locations are there?

There are approximately 112 LMI New York franchise locations as of 2023.

How much profit does a LMI New York franchise make?

Profit data for LMI New York is disclosed in FDD Item 19 (Financial Performance Representation). Check their most recent Franchise Disclosure Document for current figures.

What is the SBA loan default rate for LMI New York?

SBA loan default rate data for LMI New York is not currently available in the SBA database.

Is a LMI New York franchise worth it?

Whether a LMI New York 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.

Scorecard Worth It?History Database Compare Distress Signals

OtherItem 19: ✗ Not DisclosedMedium Confidence · 75/100FDD data: 2025 · Fresh

LMI New York Franchise Cost and Profit

FDD-based startup cost, franchise fee, revenue, profit, SBA default rate, and investment risk signals for LMI New York.

Based on 2025 FDD · 3 filings in corpus

FranchiseIQ Score

High Risk

Composite score from 3 risk dimensions. Click for breakdown ↓

Full analysis unlocks:

✓ Cash-on-Cash return
✓ Payback period
✓ SBA default rate
✓ Red flags assessment
✓ Comparable franchises

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Cost and profit at a glance

How much does a LMI New York franchise cost and make?

Based on FDDIQ's FDD corpus, a LMI New York 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.

Startup Cost

$20K – $28K

Total initial investment

Profit / Revenue

Item 19 not disclosed

FDD Item 19 signal

Payback Signal

Estimate unavailable

Modeled return metric

SBA Default Rate

No matched SBA history

Loan repayment history

Compare franchise costs →Estimate franchise ROI →Check SBA default rates →Browse Other franchises →Compare similar franchises →

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.

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The unlocked report ties this brand's FDD disclosures to SBA outcomes, Item 20 movement, fee load, missing-data labels, and buyer assumptions — so you can decide whether this is worth deeper diligence.

FDD disclosure qualitySBA default outcomesItem 20 unit movementFee/cost stressComparable brands

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LMI New York Franchise Analysis

LMI New York 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 New York 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 New York 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

Total Investment Range$20K – $28K

MinMid: $24KMax

Key Metrics

Franchise Fee

$15K

Royalty Rate

Ad Fund Rate

Total Burden

6.0%

Royalty + ad fund

Units (2023)

112

-2 vs prior yr

Net Unit Growth

→ -1.8%

Year over year

Net Closure Rate

1.8%

From FDD Item 20

Cash-on-Cash Return

~8–15%

Annual estimated return

Payback Period

~5–12 yrs

Break-even timeline

SBA Default Rate

~3–8%

Fewer than 50 loans on record

Median Revenue

~$800K–$2M

Item 19 disclosed

Red Flags Assessment

HIGH: Missing Item 19 disclosure

HIGH ×1

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CoC ReturnPayback PeriodSBA Default RateMedian RevenueEbitda MarginRisk Score

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Estimated using sector-average margins. Actual franchise economics vary by location, operator, and market conditions.

LMI New York vs. Other Average

MetricLMI New YorkOther Avg

SBA Default Rate - 7.2%

Cash-on-Cash Return - 15.5%

Total Investment$24K$250K

Industry averages based on FranchiseIQ corpus benchmarks. ▲ = better than avg, ▼ = worse.

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Questions to Ask Before You Sign

5 data-driven questions every LMI New York franchise buyer should ask.

Generate attorney questions for LMI New York →Validation call guide →

Data sourced from publicly filed Franchise Disclosure Documents (FDDs) submitted to state franchise regulators. SBA loan data from public SBA 7(a) records. Information reflects the most recent FDD filing in our database and may not reflect current terms. Always verify with the franchisor's current FDD before making any investment decision. Not legal or financial advice.

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