Aloft Hotels
Franchise research report · reviewed 2026 disclosure data
Researching Aloft Hotels franchise opportunities? Every figure below is cited to the FDD.
Outdoor Collection by Marriott Bonvoy & Postcard Cabins franchise brings distinctive outdoor hospitality experiences through unique cabin accommodations and nat
Headline figures
Quick facts
- How much does it cost to open an Aloft Hotels franchise?
- The Aloft Hotels Franchise Disclosure Document reports separate estimated initial investments by format: $13,567,610–$36,691,910 for total initial investment excluding indeterminable costs — 80–110 rooms (2026 FDD, Item 7, PDF p. 68); $18,381,210–$36,691,910 for total initial investment excluding indeterminable costs — 120–150 rooms (2026 FDD, Item 7, PDF p. 68). These formats are not combined. Each is the franchisor's disclosed estimate, not a quote. Details
- What is the Aloft Hotels initial franchise fee?
- The disclosed initial franchise fee for a standard single unit is $6 (2026 FDD, Item 5, PDF p. 39). Other fee options (for example multi-unit or conversion) are listed separately in the report. Details
- Does Aloft Hotels disclose financial performance (Item 19)?
- Yes. The Aloft Hotels FDD includes an Item 19 financial performance representation (2026 FDD, Item 19, PDF p. 120). Figures apply only to the locations and period each one covers. Details
- How many Aloft Hotels locations are there?
- The FDD reports 334 outlets at the end of 2025 (2026 FDD, Item 20, PDF p. 126). Existing locations do not indicate territory availability. Details
From reviewed FDD figures only. Not a recommendation or projection.
What the disclosures show
- 1The 2026 FDD (Item 7) estimates opening costs separately by format: $13,567,610 – $36,691,910 (Total initial investment excluding indeterminable costs — 80–110 rooms); $18,381,210 – $36,691,910 (Total initial investment excluding indeterminable costs — 120–150 rooms); several initial fee options apply.
- 2Item 19 covers 3 separate groups: other measures for 154 Franchised Aloft hotels locations; other measures for 159 Franchised Aloft hotels locations; other measures and revenue and memberships for 155 Franchised Aloft hotels locations. They are not combined.
- 3Outlets grew by 6 in 2025, to 334 (Systemwide: United States and Canada, as labeled in the FDD, Item 20).
From reviewed FDD figures only. Not a recommendation or projection.
Costs · Items 5–7
What does it cost to open?
Estimated opening costs and the fees payable to the franchisor.
Startup Investment — Item 7
Range across 2 single-unit formats
2026 FDD · Item 7
Formats disclosed in Item 7 (2)
Each format has its own total. The total depends on the format you choose.
- Total initial investment excluding indeterminable costs — 80–110 roomsPDF p. 68$13,567,610 – $36,691,910
- Total initial investment excluding indeterminable costs — 120–150 roomsPDF p. 68$18,381,210 – $36,691,910
Standard single-unit franchise fee
2026 FDD · Item 5 · PDF p. 39
Discounted and multi-unit options are separate; see all fees.
Ongoing Fees — Item 6
Selected recurring charges; payment bases and conditions remain attached to each fee.
306 reported fees, each with its payment basis, are listed below; they haven't been sorted into recurring, initial and occasional groups yet.
Financial Performance — Item 19
What results are disclosed—and for which locations?
3 separate populations, shown apart. Revenue is not owner income.
Locations counted: not stated in the reviewed record
Other measures · 154 locations
- Who is counted
- STR Included Hotels: at least two years operating and reported STR data
- Excluded
- Conditions exclude preceding-two-year room renovation taking >=5% rooms out of service, public-space renovation causing >=5% revenue displacement, or expansion increasing revenue >=5%; excludes hotels without required operating history
- Method
- STR data unaudited/unverified; missing-reporting days excluded; Canadian STR results converted monthly CAD to USD at Treasury rate second-to-last day. Per-hotel statistics average daily reports; aggregate ADR/OCC/RevPAR weighted as defined.
Locations counted: not stated in the reviewed record
Other measures · 159 locations
- Who is counted
- 1-Year Comp Hotels: at least 12 months open, met Conditions
- Excluded
- Conditions exclude preceding-two-year room renovation taking >=5% rooms out of service, public-space renovation causing >=5% revenue displacement, or expansion increasing revenue >=5%; excludes hotels without required operating history
- Method
- STR data unaudited/unverified; missing-reporting days excluded; Canadian STR results converted monthly CAD to USD at Treasury rate second-to-last day. Per-hotel statistics average daily reports; aggregate ADR/OCC/RevPAR weighted as defined.
Locations counted: not stated in the reviewed record
Revenue, memberships and other measures · 155 locations
- Who is counted
- Included Hotels: at least two years open and met Conditions
- Excluded
- Conditions exclude preceding-two-year room renovation taking >=5% rooms out of service, public-space renovation causing >=5% revenue displacement, or expansion increasing revenue >=5%; excludes hotels without required operating history
- Method
- Marriott internal databases, not STR; STR competitive-set minimum reporting may exclude some of these from STR. Reservation revenue/room-night bookings include subsequently cancelled reservations; excludes tax/VAT and direct-property or area/regional/national-sales office group/transient bookings. Source bookings calculation paragraph says 88 hotels while charts/narrative say 155; retained as stated.
These groups are never combined.
Outlet Changes — Item 20
How has the outlet count changed?
Systemwide: United States and Canada, as labeled in the FDD · counts as of 2025 of each year.
2026 FDD · Item 20 · PDF p. 126
Net +14 outlets, 2023–2025
Year-end counts reported in Item 20. The scale starts at zero, so the line looks nearly flat; the labels between the dots show each year's change. Openings and closures for 2025 haven't been pulled from the Item 20 tables yet, so no turnover or churn is shown.
Questions to investigate
Prompts based on what this brand's reviewed disclosures do and don't show — not conclusions. Join free as a member to save questions to your research.
For the franchisor
Which line items in the 2026 Item 7 estimate ($13,567,610 – $36,691,910) vary most by market, and why?
Which initial fee option would apply to my situation, and what conditions or discounts affect it?
Which locations are included in the Item 19 figures, and which were excluded?
Reported units went from 328 to 334 in 2025. How many new units opened, closed or changed hands?
Is a territory available in my area, and how is it defined in my agreement?
For current and former owners
How did your actual startup costs and timeline compare with the Item 7 estimate?
How many hours a week do you work in the business, and in what role?
How do your results compare with the Item 19 figures, and what explains the difference?
What support from the franchisor has been most and least useful?
For your advisors
Ask a franchise attorney to review the territory, renewal, transfer and termination terms.
Ask an accountant to build a cash-flow plan using your own assumptions, not the franchisor's.
Sources & vintage history
Every displayed fact is retained with its disclosure vintage, item, page, and reviewed status. Prior vintages remain on file rather than being overwritten.
Citations (2026 FDD)
- [1]Standard initial franchise fee — Item 5 · PDF p. 39
- [2]Item 19 — Locations counted not stated in the reviewed record — STR Included Hotels: at least two years operating and reported STR data · PDF p. 120; PDF p. 121
- [3]Item 19 — Locations counted not stated in the reviewed record — 1-Year Comp Hotels: at least 12 months open, met Conditions · PDF p. 121
- [4]Item 19 — Locations counted not stated in the reviewed record — Included Hotels: at least two years open and met Conditions · PDF p. 122; PDF p. 123
- [5]Outlet counts — Item 20, Table 1 · PDF p. 126
"PDF p." is the page in the PDF file; "printed p." is the number printed on the FDD page. Source document: FDD
Territory & operations
238 addresses in Franopolis's imported location list. Coverage may differ from Item 20 outlet counts.
These are contract disclosures, not confirmation that any territory is currently available.
Legal & agreement
Franchisor financial statements
| Fiscal year | Measure | Reported value |
|---|---|---|
| 2025 | total revenues | $147,482 |
| 2025 | total operating costs and expenses | $91,860 |
| 2025 | total liabilities and member's equity | $582,261 |
| 2025 | licensing fees and other revenue | $2,989 |
| 2025 | gross fee revenue | $98,016 |
| 2025 | deferred income - current portion | $2,603 |
| 2025 | note receivable and accrued interest from member | -$7,153 |
| 2025 | current year earnings | $79,457 |
| 2025 | total assets | $582,261 |
| 2025 | accounts payable | $1,930 |
| 2025 | total current liabilities | $4,533 |
| 2025 | total liabilities | $36,893 |
| 2025 | membership interest | $20,000 |
| 2025 | deferred income - non current portion | $32,360 |
| 2025 | net incomeMore than one value recorded for this year — open the FDD source before comparing | $79,457 |
| 2025 | net fee revenues | $96,599 |
| 2025 | cost reimbursement revenue | $50,883 |
| 2025 | franchise fees | $95,027 |
| 2025 | net incomeMore than one value recorded for this year — open the FDD source before comparing | $79,457 |
| 2025 | interest income | $23,835 |
| 2025 | total member's equity | $545,368 |
| 2025 | contract investment amortization | -$1,417 |
| 2025 | intangible assets, net | $42,106 |
| 2025 | due from related parties, net | $518,004 |
| 2025 | retained earnings | $453,064 |
| 2024 | current year earnings | $63,830 |
| 2024 | total revenues | $103,268 |
| 2024 | total operating costs and expenses | $61,794 |
| 2024 | licensing fees and other revenue | $2,026 |
| 2024 | gross fee revenue | $71,980 |
| 2024 | net incomeMore than one value recorded for this year — open the FDD source before comparing | $63,830 |
| 2024 | accounts payable | $967 |
| 2024 | deferred income - current portion | $1,741 |
| 2024 | membership interest | $20,000 |
| 2024 | total assets | $477,080 |
| 2024 | total liabilities | $10,756 |
| 2024 | total current liabilities | $2,708 |
| 2024 | deferred income - non current portion | $8,048 |
| 2024 | net incomeMore than one value recorded for this year — open the FDD source before comparing | $63,830 |
| 2024 | net fee revenues | $70,777 |
| 2024 | franchise fees | $69,954 |
| 2024 | interest income | $22,356 |
| 2024 | total member's equity | $466,324 |
| 2024 | contract investment amortization | -$1,203 |
| 2024 | cost reimbursement revenue | $32,491 |
| 2024 | total liabilities and member's equity | $477,080 |
| 2024 | intangible assets, net | $21,637 |
| 2024 | note receivable and accrued interest from member | -$6,740 |
| 2024 | retained earnings | $389,234 |
| 2023 | total revenues | $94,417 |
| 2023 | total operating costs and expenses | $50,771 |
| 2023 | franchise fees | $71,032 |
| 2023 | licensing fees and other revenue | $2,124 |
| 2023 | net incomeMore than one value recorded for this year — open the FDD source before comparing | $64,157 |
| 2023 | net incomeMore than one value recorded for this year — open the FDD source before comparing | $64,157 |
| 2023 | contract investment amortization | -$1,225 |
| 2023 | net fee revenues | $71,931 |
| 2023 | interest income | $20,511 |
| 2023 | gross fee revenue | $73,156 |
| 2023 | cost reimbursement revenue | $22,486 |
| 2022 | balance as of december 31, 2022 | $20,000 |
| — | operating cash-flow adjustment for interest receivableMore than one value recorded for this year — open the FDD source before comparing | -$427 |
| — | operating cash-flow adjustment for interest receivableMore than one value recorded for this year — open the FDD source before comparing | -$414 |
| — | operating cash-flow adjustment for contract acquisition costsMore than one value recorded for this year — open the FDD source before comparing | -$21,956 |
| — | operating cash-flow adjustment for interest receivableMore than one value recorded for this year — open the FDD source before comparing | -$413 |
| — | operating cash-flow adjustment for contract acquisition costsMore than one value recorded for this year — open the FDD source before comparing | $511 |
| — | operating cash-flow adjustment for contract acquisition costsMore than one value recorded for this year — open the FDD source before comparing | -$67 |
These figures describe the franchisor company, not individual franchise locations.
SBA-backed loans to franchisees
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Source: U.S. Small Business Administration 7(a) & 504 FOIA data. Loan volume is not a measure of franchisee success.
At a glance
Business history
Not reviewed
Owner participation
Not reviewed
Territory language
Litigation disclosure
Not reviewed
Bankruptcy disclosure
Not reviewed
Agreement term
Not reviewed
Reader notes on wording
Our automated check found that these summaries may not match the FDD's exact wording. Read the FDD excerpt itself; it is the authoritative text. Core cost, fee, Item 19 and outlet figures are not affected.
Item 5 · PDF p. 36 · 2026 FDD
Our summary: B. Support — $60000
“but we determine that you are not qualified to operate a system hotel without additional training, you must participate in the FITM program for open hotels ( “FITM-R”), the cost of which is currently $60,000 and must be paid when you execute the franchise agreement. If we determine that you are qualified to operate the hotel, but are unfamiliar with the Marriott systems, we may require you to participate in the Above Property Immersion program (“API”), through which we provide several executive-level conference calls or webinars and virtual, self-paced web-based training to familiarize your executive team with the use of the Marriott programs, systems, and services.”
Note: This is a state-specific Item 20 entry. The required review scope is limited to national/systemwide Total rows, so this state entry is not verifiable under that scope.
Item 5 · PDF p. 36 · 2026 FDD
Our summary: B. Support — $1800
“e that the costs for on-site classes, training services, and relicensing assistance (not including reimbursement for Marriott personnel’s travel, meal, and lodging expenses) generally will range from $1,800 to $15,000 if you are purchasing an existing Aloft by Marriott Hotel or converting a hotel that is currently managed by us or one of our affiliates into a franchised Aloft by Marriott Hotel. For all other conversions, we estimate that the cost of the support and training will range from $35,000 to $75,000, depending on the size of the hotel, the length of time the hotel has been closed (due to renovations or otherwise), your experience and familiarity with the system, and the experience of the hotel staff. In addition, if you desire to operate your hotel but we determine that you are not qualified to operate a system hotel without additional training, you must participate in the FITM ”
Note: This is a state-specific Item 20 entry. The required review scope is limited to national/systemwide Total rows, so this state entry is not verifiable under that scope.
Item 5 · PDF p. 37 · 2026 FDD
Our summary: You must pay our then-current API — $20000
“You must pay our then-current API enrollment fee, presently $20,000, when you execute the franchise agreement. Franchisees that participate in FITM-R or API must undergo one non-accountable audit. Franchisees that participate in FITM-R or API may also be required to participate in the Revenue Management Advisory Services program, the Customer Engagement Center Property Support Services program, the Digital Marketing program, and the sales programs we specify for a period of two years, at an additional cost. See Items 6 and 11 for more information regarding these programs. You may incur additional fees and costs or be required to retain a third-party management company if you do not complete these programs in the time frame specified by us. The ranges above exclude, and you must pay for the cost of, travel, meal and lodging expenses incurred by you and your designated attendees to complete training programs that are not conducted on site, such as orientation and immersion training. 4. Fees for Other Services ”
Note: This is a state-specific Item 20 entry. The required review scope is limited to national/systemwide Total rows, so this state entry is not verifiable under that scope.
Item 5 · PDF p. 36 · 2026 FDD
Our summary: A. Property Improvement — $12000
“A. Property Improvement Plan When converting a hotel (including another Company Brand Hotel) to an Aloft by Marriott Hotel, transferring an existing Aloft by Marriott Hotel, or converting a hotel that is currently managed by us or one of our affiliates to a franchised Aloft by Marriott Hotel, as set forth in Item 6, you must pay a property improvement plan fee of $12,000 for us to review the hotel to determine the renovations or other work necessary to bring the hotel into good repair and to conform the hotel to our then-current Aloft by Marriott Hotels standards, including fire protection and life safety standards, and prepare a property improvement plan (“PIP”). Payment is due when the review is requested. The PIP fee includes the cost of the initial Fire Protection and Life Safety Audit to determine the renovations or other work necessary to comply with our then-current fire protection and life safety standards (but does not include the cost of any additional audits that may be necessary). PIPs are effective for a period of 12 months after issuance. If you request revisions or modifications to a PIP prior to its expiration, you must pay to us a fee of $5,000 to review the proposed revisions or modifications. You must pay to us a fee of $6,000 to refresh a PIP that is 12 months past its initial issuance date. If a PIP is 24 months past its initial issuance date, you must pay to us a fee of $12,000 to issue a new PIP. These fees are non-refundable. ”
Note: This is a state-specific Item 20 entry. The required review scope is limited to national/systemwide Total rows, so this state entry is not verifiable under that scope.
Item 5 · PDF p. 36 · 2026 FDD
Our summary: B. Support — $35000
“el that is currently managed by us or one of our affiliates into a franchised Aloft by Marriott Hotel. For all other conversions, we estimate that the cost of the support and training will range from $35,000 to $75,000, depending on the size of the hotel, the length of time the hotel has been closed (due to renovations or otherwise), your experience and familiarity with the system, and the experience of the hotel staff. In addition, if you desire to operate your hotel but we determine that you are not qualified to operate a system hotel without additional training, you must participate in the FITM program for open hotels ( “FITM-R”), the cost of which is currently $60,000 and must be paid when you execute the franchise agreement. If we determine that you are qualified to operate the hotel, but are unfamiliar with the Marriott systems, we may require you to participate in the Above Proper”
Note: This is a state-specific Item 20 entry. The required review scope is limited to national/systemwide Total rows, so this state entry is not verifiable under that scope.
Item 6 · PDF p. 46 · 2026 FDD
Our summary: Audit Program/ — $20000
“Audit Program/ Guest Experience and Accountability Program Our then-current fee, presently $20,000 for up to 10 participants, plus $10,000 for up to an additional 10 participants On demand If the hotel, or any other hotel operated by you, your affiliates, or your management company, is placed in Red Zone in any quality assurance tracking period, we may require you to participate in this semi-annual program. ”
Note: This is a state-specific Item 20 entry. The required review scope is limited to national/systemwide Total rows, so this state entry is not verifiable under that scope.
Item 19 · PDF p. 123 · 2026 FDD
Our summary: Median loyalty occupancy contribution
“Average Marriott Bonvoy Contribution to 2025 Room Nights and Occupancy Average Number of Member Room Nights per Hotel 22,000 Average Annual Loyalty Program Contribution to Occupancy 60.4% Of the 155 Included Hotels, 64 hotels or 41.3% met or exceeded the average number of member room nights per hotel of 22,000; and 84 hotels or 54.2% met or exceeded the average loyalty program contribution to occupancy of 60.4%. The median number of member room nights was 21,000; and the median annual loyalty program contribution to occupancy was 61.2%. ”
Note: The Item 19 discussion conflicts on whether loyalty member room-night figures include redeemed nights, leaving this measure's methodology unsettled.
Item 19 · PDF p. 123 · 2026 FDD
Our summary: Hotels meeting loyalty occupancy mean
“Average Marriott Bonvoy Contribution to 2025 Room Nights and Occupancy Average Number of Member Room Nights per Hotel 22,000 Average Annual Loyalty Program Contribution to Occupancy 60.4% Of the 155 Included Hotels, 64 hotels or 41.3% met or exceeded the average number of member room nights per hotel of 22,000; and 84 hotels or 54.2% met or exceeded the average loyalty program contribution to occupancy of 60.4%. The median number of member room nights was 21,000; and the median annual loyalty program contribution to occupancy was 61.2%. ”
Note: Item 19 pages conflict on whether these member room-night figures include redeemed nights, so the applicable methodology is unsettled.
Item 19 · PDF p. 123 · 2026 FDD
Our summary: Mean annual loyalty occupancy contribution
“Average Marriott Bonvoy Contribution to 2025 Room Nights and Occupancy Average Number of Member Room Nights per Hotel 22,000 Average Annual Loyalty Program Contribution to Occupancy 60.4% Of the 155 Included Hotels, 64 hotels or 41.3% met or exceeded the average number of member room nights per hotel of 22,000; and 84 hotels or 54.2% met or exceeded the average loyalty program contribution to occupancy of 60.4%. The median number of member room nights was 21,000; and the median annual loyalty program contribution to occupancy was 61.2%. ”
Note: Item 19 pages conflict on whether these member room-night figures include redeemed nights, so the applicable methodology is unsettled.
Item 19 · PDF p. 123 · 2026 FDD
Our summary: Mean member room nights per hotel
“Average Marriott Bonvoy Contribution to 2025 Room Nights and Occupancy Average Number of Member Room Nights per Hotel 22,000 Average Annual Loyalty Program Contribution to Occupancy 60.4% Of the 155 Included Hotels, 64 hotels or 41.3% met or exceeded the average number of member room nights per hotel of 22,000; and 84 hotels or 54.2% met or exceeded the average loyalty program contribution to occupancy of 60.4%. The median number of member room nights was 21,000; and the median annual loyalty program contribution to occupancy was 61.2%. ”
Note: Item 19 pages conflict on whether these member room-night figures include redeemed nights, so the applicable methodology is unsettled.
Item 19 · PDF p. 123 · 2026 FDD
Our summary: Share meeting loyalty occupancy mean
“Average Marriott Bonvoy Contribution to 2025 Room Nights and Occupancy Average Number of Member Room Nights per Hotel 22,000 Average Annual Loyalty Program Contribution to Occupancy 60.4% Of the 155 Included Hotels, 64 hotels or 41.3% met or exceeded the average number of member room nights per hotel of 22,000; and 84 hotels or 54.2% met or exceeded the average loyalty program contribution to occupancy of 60.4%. The median number of member room nights was 21,000; and the median annual loyalty program contribution to occupancy was 61.2%. ”
Note: The Item 19 discussion conflicts on whether loyalty member room-night figures include redeemed nights, leaving this measure's methodology unsettled.
Item 19 · PDF p. 123 · 2026 FDD
Our summary: Hotels meeting mean member nights
“Average Marriott Bonvoy Contribution to 2025 Room Nights and Occupancy Average Number of Member Room Nights per Hotel 22,000 Average Annual Loyalty Program Contribution to Occupancy 60.4% Of the 155 Included Hotels, 64 hotels or 41.3% met or exceeded the average number of member room nights per hotel of 22,000; and 84 hotels or 54.2% met or exceeded the average loyalty program contribution to occupancy of 60.4%. The median number of member room nights was 21,000; and the median annual loyalty program contribution to occupancy was 61.2%. ”
Note: Item 19 pages conflict on whether these member room-night figures include redeemed nights, so the applicable methodology is unsettled.
Item 19 · PDF p. 123 · 2026 FDD
Our summary: Median member room nights
“Average Marriott Bonvoy Contribution to 2025 Room Nights and Occupancy Average Number of Member Room Nights per Hotel 22,000 Average Annual Loyalty Program Contribution to Occupancy 60.4% Of the 155 Included Hotels, 64 hotels or 41.3% met or exceeded the average number of member room nights per hotel of 22,000; and 84 hotels or 54.2% met or exceeded the average loyalty program contribution to occupancy of 60.4%. The median number of member room nights was 21,000; and the median annual loyalty program contribution to occupancy was 61.2%. ”
Note: The Item 19 discussion conflicts on whether loyalty member room-night figures include redeemed nights, leaving this measure's methodology unsettled.
Item 19 · PDF p. 123 · 2026 FDD
Our summary: Share meeting member nights mean
“Average Marriott Bonvoy Contribution to 2025 Room Nights and Occupancy Average Number of Member Room Nights per Hotel 22,000 Average Annual Loyalty Program Contribution to Occupancy 60.4% Of the 155 Included Hotels, 64 hotels or 41.3% met or exceeded the average number of member room nights per hotel of 22,000; and 84 hotels or 54.2% met or exceeded the average loyalty program contribution to occupancy of 60.4%. The median number of member room nights was 21,000; and the median annual loyalty program contribution to occupancy was 61.2%. ”
Note: Item 19 pages conflict on whether these member room-night figures include redeemed nights, so the applicable methodology is unsettled.
Item 20 · PDF p. 130 · 2026 FDD
Our summary: Table 3 Start of year — Maryland 2023
“Maryland 2023 2024 2025 3 3 3 3 3 3 ”
Note: Item 20 claim is state/geography-specific or not a national/systemwide Total row; it cannot be verified under the required scope.
Item 20 · PDF p. 130 · 2026 FDD
Our summary: Table 3 End of year — Outlets at End of the Year Louisiana 2025
“Outlets at End of the Year Louisiana 2023 2024 2025 1 1 1 1 1 1 ”
Note: This Item 20 claim is state-specific; the permitted review scope is national/systemwide Total rows only.
Item 20 · PDF p. 130 · 2026 FDD
Our summary: Table 3 End of year — Maine 2023
“Maine 2023 2024 2025 1 1 1 1 1 1 ”
Note: This is a state-level Item 20 figure. The review scope verifies only national/systemwide Total rows, so this claim remains unsupported under that scope.
Item 20 · PDF p. 130 · 2026 FDD
Our summary: Table 3 End of year — Maine 2024
“Maine 2023 2024 2025 1 1 1 1 1 1 ”
Note: This is a state-level Item 20 figure. The review scope verifies only national/systemwide Total rows, so this claim remains unsupported under that scope.
Item 20 · PDF p. 130 · 2026 FDD
Our summary: Table 3 Start of year — Maine 2024
“Maine 2023 2024 2025 1 1 1 1 1 1 ”
Note: This is a state-level Item 20 figure. The review scope verifies only national/systemwide Total rows, so this claim remains unsupported under that scope.
Item 20 · PDF p. 129 · 2026 FDD
Our summary: Table 3 Start of year — Outlets at End of the Year Alabama 2023
“Outlets at End of the Year Alabama 2023 2024 2025 1 1 1 1 1 1 ”
Note: This is a state-level Item 20 figure. The review scope verifies only national/systemwide Total rows, so this claim remains unsupported under that scope.
Item 20 · PDF p. 130 · 2026 FDD
Our summary: Table 3 End of year — Maine 2025
“Maine 2023 2024 2025 1 1 1 1 1 1 ”
Note: This is a state-level Item 20 figure. The review scope verifies only national/systemwide Total rows, so this claim remains unsupported under that scope.
Item 20 · PDF p. 130 · 2026 FDD
Our summary: Table 3 Start of year — Maine 2025
“Maine 2023 2024 2025 1 1 1 1 1 1 ”
Note: This is a state-level Item 20 figure. The review scope verifies only national/systemwide Total rows, so this claim remains unsupported under that scope.
Item 20 · PDF p. 132 · 2026 FDD
Our summary: Table 4 Start of year — Outlets at End of the Year Massachusetts 2025
“Outlets at End of the Year Massachusetts 2023 2024 2025 1 1 1 1 1 1 ”
Note: Item 20 state- or ownership-specific row; only national/systemwide Total rows are eligible for verification.
Item 20 · PDF p. 132 · 2026 FDD
Our summary: Table 4 Start of year — Rhode Island 2023
“Rhode Island 2023 2024 2025 1 1 1 1 1 1 ”
Note: Item 20 state- or ownership-specific row; only national/systemwide Total rows are eligible for verification.
Item 21 · PDF p. 322 · 2026 FDD
Our summary: Note receivable and accrued interest from Member — 2025
“Note receivable and accrued interest from Member (7,153) (6,740)”
Note: The cited value could not be confirmed in the 2025 column on PDF page 322.
Independent analysis of franchisor-provided data. Not investment advice. Franopolis does not distribute FDDs.
