LMI
Disclosure honesty
LMI discloses little or no owner-earnings data (Item 19) — the franchisor won't put real profit in writing.
What their own earnings claim actually says
No financial performance representations disclosed. Franchisor explicitly states it does not make representations about franchisee financial performance.
Is LMI worth it? — how it compares to 436 similar franchises
| Ongoing fees | 6% of sales | lower than most (median 8%) |
| Startup cost | from $20,000 | cheaper than most (median $138,750) |
| Disclosure honesty | Grade F | less honest than most of the category |
| Closure rate | 0.9% of outlets | about average |
| Disclosed lawsuits | 0 | fewer than most |
Benchmarked against every other franchises franchise we've graded from public FDDs — the context the franchisor's pitch never gives you.
Owner take-home for a LMI
The franchisor's framing: No financial performance representations disclosed. Franchisor explicitly states it does n… We reconstruct what an owner actually keeps, from their own FDD.
- Reconstructed owner P&L — net take-home after royalty, ad fund, rent, labor & debt
- Break-even timeline + cash-on-cash ROI
- Full fee stack + required-purchase markups
- Decoded real failure / closure rate
- How it ranks vs comparable franchises
- Validation-call playbook — the exact questions to ask
See a full sample report → · 30-day guarantee
LMI franchise — frequently asked
- How much does a LMI franchise cost?
- The FDD lists a total initial investment of about $20,000–$27,500, including a $15,000 initial franchise fee.
- How much do LMI franchise owners make?
- LMI discloses little or no earnings data (Item 19) — meaning the franchisor won't put real owner profit in writing. That's a red flag worth questioning.
- What is the LMI franchise failure rate?
- 4 net closures in 2024; 11 non-renewals 2023-2025; declining outlet trend.
- Is a LMI franchise worth it?
- It depends on the numbers, not the pitch. LMI scores F on disclosure honesty, carries about 6% of sales in ongoing fees. Get the real owner take-home before you sign.
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Compare LMI to similar franchises
See all franchises ranked by disclosure honesty →
Source: WI DFI Franchise Registration (2026). FranchiseValidate is independent and not affiliated with LMI or its franchisor. Figures are extracted from the franchisor's own public disclosure document; verify against the current FDD before any decision.