Breadsmith
Franchise research report · reviewed 2026 disclosure data
Researching Breadsmith franchise opportunities? Every figure below is cited to the FDD.
Breadsmith franchise specializes in artisan bread and baked goods, operating neighborhood bakeries that focus on fresh, handcrafted loaves made with traditional
Headline figures
Quick facts
- How much does it cost to open a Breadsmith franchise?
- The Breadsmith Franchise Disclosure Document reports separate estimated initial investments by format: $90,200–$140,500 for satellite store total low estimate: $90200 (2026 FDD, Item 7, PDF p. 17); $399,250–$443,250 for total — $399250 (2026 FDD, Item 7, PDF p. 15); $396,250–$443,250 for total — $396250 (2026 FDD, Item 7, PDF p. 15). These formats are not combined. Each is the franchisor's disclosed estimate, not a quote. Details
- What is the Breadsmith initial franchise fee?
- The disclosed initial franchise fee for a standard single unit is $155,000 (2026 FDD, Item 5, PDF p. 10). Other fee options (for example multi-unit or conversion) are listed separately in the report. Details
- What ongoing fees does Breadsmith charge?
- The disclosed ongoing royalty is $7 (2026 FDD, Item 6, PDF p. 11). Other recurring fees are listed in Item 6. Details
- Does Breadsmith disclose financial performance (Item 19)?
- No. The reviewed Breadsmith FDD states that it does not make a financial performance representation in Item 19. Details
- How many Breadsmith locations are there?
- The FDD reports 11 outlets at the end of 2025 (2026 FDD, Item 20, PDF p. 37). 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: $90,200 – $140,500 (Satellite store TOTAL low estimate: $90200); $399,250 – $443,250 (TOTAL — $399250); $396,250 – $443,250 (TOTAL — $396250); several initial fee options apply.
- 2The franchisor makes no financial performance representation in Item 19.
- 3Outlets held steady in 2025, to 11 (United States, 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 3 single-unit formats
2026 FDD · Item 7
Formats disclosed in Item 7 (3)
Each format has its own total. The total depends on the format you choose.
- Satellite store TOTAL low estimate: $90200PDF p. 17$90,200 – $140,500
- $396250PDF p. 15$396,250 – $443,250
- $399250PDF p. 15$399,250 – $443,250
Standard single-unit franchise fee
2026 FDD · Item 5 · PDF p. 10
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.
- Royalty on total gross receipts: 5% - 7%; retail begins at 7% and other sales 5%Main ongoing fee
34 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?
No financial performance representation in Item 19
The reviewed 2026 FDD for Breadsmith has no Item 19 figures on record. Franopolis does not estimate revenue or earnings in their place; ask the franchisor and current owners what unit-level information they can share.
Outlet Changes — Item 20
How has the outlet count changed?
United States, as labeled in the FDD · counts as of 2025 of each year.
2026 FDD · Item 20 · PDF p. 37
Net +2 outlets, 2023–2025
Year-end counts reported in Item 20. The scale starts at zero; 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 ($90,200 – $443,250) vary most by market, and why?
Which initial fee option would apply to my situation, and what conditions or discounts affect it?
Breadsmith reports no financial performance figures in Item 19. What information can you share about unit-level results?
Reported units went from 11 to 11 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?
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. 10
- [2]Outlet counts — Item 20, Table 1 · PDF p. 37
"PDF p." is the page in the PDF file; "printed p." is the number printed on the FDD page. Source document: FDD
Territory & operations
These are contract disclosures, not confirmation that any territory is currently available.
Legal & agreement
Franchisor financial statements
| Fiscal year | Measure | Reported value |
|---|---|---|
| 2025 | current assets cash | $259,113 |
| 2025 | accrued payroll | $26,398 |
| 2025 | income from operations | $62,654 |
| 2025 | net incomeMore than one value recorded for this year — open the FDD source before comparing | $61,356 |
| 2025 | cash flow from operating activities net income | $61,356 |
| 2025 | increaseMore than one value recorded for this year — open the FDD source before comparing | -$6,017 |
| 2025 | increaseMore than one value recorded for this year — open the FDD source before comparing | $241 |
| 2025 | cash flow from investing activities amortization of right of use asset - operating lease | $376 |
| 2025 | net cash provided | $35,498 |
| 2025 | cash at end of year | $259,113 |
| 2025 | treasury stock | -$6,006 |
| 2025 | leasehold improvements | $13,935 |
| 2025 | net fixed assets | $23,601 |
| 2025 | fixed assets furniture and fixtures | $4,348 |
| 2025 | prepaid expense | $5,890 |
| 2025 | computer equipment | $32,767 |
| 2025 | accounts receivable | $4,968 |
| 2025 | accumulated depreciation | -$27,449 |
| 2025 | other assets security deposit | $1,513 |
| 2025 | total current assets | $269,971 |
| 2025 | total fixed assets | $51,050 |
| 2025 | total other assets | $34,745 |
| 2025 | gift card liability | $6,506 |
| 2025 | right-of-use asset - operating lease | $7,042 |
| 2025 | total assets | $328,317 |
| 2025 | loan receivable - affiliate | $26,190 |
| 2025 | deferred revenue - short-term | $8,544 |
| 2025 | current liabilities accounts payable | $25,256 |
| 2025 | total current liabilities | $77,098 |
| 2025 | total long-term liabilities | $54,344 |
| 2025 | income royalties | $1,198,606 |
| 2025 | long-term liabilities deferred revenue - long-term | $54,344 |
| 2025 | total liabilities | $131,442 |
| 2025 | franchise fees | $13,517 |
| 2025 | other income | $139,267 |
| 2025 | equipment sales | $18,126 |
| 2025 | total income | $1,369,516 |
| 2025 | operating expenses total operating expenses | $1,306,862 |
| 2025 | other income and | $1,919 |
| 2025 | retained earnings, beginning of year | $139,023 |
| 2025 | charitable contributions | -$3,217 |
| 2025 | net incomeMore than one value recorded for this year — open the FDD source before comparing | $61,356 |
| 2025 | total other income and expenses | -$1,298 |
| 2025 | retained earnings, end of year | $200,379 |
| 2025 | increase) decrease in accounts receivable | $6,594 |
| 2025 | increaseMore than one value recorded for this year — open the FDD source before comparing | -$1,639 |
| 2025 | depreciation | $3,397 |
| 2025 | increaseMore than one value recorded for this year — open the FDD source before comparing | -$4,915 |
| 2025 | net increase | $97,334 |
| 2025 | increase) decrease in prepaid expense | $674 |
| 2025 | increaseMore than one value recorded for this year — open the FDD source before comparing | $2,145 |
| 2025 | net cash provided by operating activities | $61,836 |
| 2025 | cash at beginning of year | $161,779 |
| 2025 | additional paid-in capital | $2,402 |
| 2025 | retained earnings | $200,379 |
| 2025 | total liabilities and stockholders' equity | $328,317 |
| 2025 | common stock carrying amount | $100 |
| 2025 | total stockholders' equity | $196,875 |
| 2025 | lease liabilities - operating leases - short term | $10,394 |
| 2024 | gift card liability | $4,361 |
| 2024 | total liabilitiesMore than one value recorded for this year — open the FDD source before comparing | $141,627 |
| 2024 | equipment salesMore than one value recorded for this year — open the FDD source before comparing | $2,725 |
| 2024 | operating expenses total operating expensesMore than one value recorded for this year — open the FDD source before comparing | $1,289,827 |
| 2024 | increaseMore than one value recorded for this year — open the FDD source before comparing | $1,178 |
| 2024 | increaseMore than one value recorded for this year — open the FDD source before comparing | -$39,497 |
| 2024 | cash flow from investing activities amortization of right of use asset - operating leaseMore than one value recorded for this year — open the FDD source before comparing | $41,819 |
| 2024 | net cash provided | -$25,291 |
| 2024 | cash at beginning of yearMore than one value recorded for this year — open the FDD source before comparing | $192,550 |
| 2024 | cash at end of yearMore than one value recorded for this year — open the FDD source before comparing | $161,779 |
| 2024 | current assets cashMore than one value recorded for this year — open the FDD source before comparing | $161,779 |
| 2024 | accounts receivableMore than one value recorded for this year — open the FDD source before comparing | $11,562 |
| 2024 | prepaid expenseMore than one value recorded for this year — open the FDD source before comparing | $6,564 |
| 2024 | total current assetsMore than one value recorded for this year — open the FDD source before comparing | $179,905 |
| 2024 | computer equipmentMore than one value recorded for this year — open the FDD source before comparing | $26,969 |
| 2024 | leasehold improvementsMore than one value recorded for this year — open the FDD source before comparing | $13,935 |
| 2024 | total fixed assetsMore than one value recorded for this year — open the FDD source before comparing | $45,252 |
| 2024 | accumulated depreciationMore than one value recorded for this year — open the FDD source before comparing | -$24,053 |
| 2024 | other assets security depositMore than one value recorded for this year — open the FDD source before comparing | $1,513 |
| 2024 | right-of-use asset - operating leaseMore than one value recorded for this year — open the FDD source before comparing | $7,419 |
| 2024 | current liabilities accounts payableMore than one value recorded for this year — open the FDD source before comparing | $30,171 |
| 2024 | accrued payrollMore than one value recorded for this year — open the FDD source before comparing | $28,037 |
| 2024 | lease liabilities - operating leases - short termMore than one value recorded for this year — open the FDD source before comparing | $10,153 |
| 2024 | total current liabilitiesMore than one value recorded for this year — open the FDD source before comparing | $81,100 |
| 2024 | total liabilitiesMore than one value recorded for this year — open the FDD source before comparing | $141,627 |
| 2024 | additional paid-in capitalMore than one value recorded for this year — open the FDD source before comparing | $2,402 |
| 2024 | treasury stockMore than one value recorded for this year — open the FDD source before comparing | -$6,006 |
| 2024 | retained earningsMore than one value recorded for this year — open the FDD source before comparing | $139,023 |
| 2024 | total stockholders' equityMore than one value recorded for this year — open the FDD source before comparing | $135,519 |
| 2024 | income royaltiesMore than one value recorded for this year — open the FDD source before comparing | $1,181,354 |
| 2024 | franchise feesMore than one value recorded for this year — open the FDD source before comparing | $16,322 |
| 2024 | other incomeMore than one value recorded for this year — open the FDD source before comparing | $139,525 |
| 2024 | total incomeMore than one value recorded for this year — open the FDD source before comparing | $1,339,926 |
| 2024 | operating expenses total operating expensesMore than one value recorded for this year — open the FDD source before comparing | $1,289,827 |
| 2024 | other income andMore than one value recorded for this year — open the FDD source before comparing | $710 |
| 2024 | charitable contributionsMore than one value recorded for this year — open the FDD source before comparing | -$3,878 |
| 2024 | net incomeMore than one value recorded for this year — open the FDD source before comparing | $46,931 |
| 2024 | net incomeMore than one value recorded for this year — open the FDD source before comparing | $46,931 |
| 2024 | retained earnings, end of yearMore than one value recorded for this year — open the FDD source before comparing | $139,023 |
| 2024 | increase) decrease in prepaid expenseMore than one value recorded for this year — open the FDD source before comparing | $9,188 |
| 2024 | increaseMore than one value recorded for this year — open the FDD source before comparing | $6,559 |
| 2024 | increaseMore than one value recorded for this year — open the FDD source before comparing | $1,178 |
| 2024 | increaseMore than one value recorded for this year — open the FDD source before comparing | -$39,497 |
| 2024 | net cash provided by operating activitiesMore than one value recorded for this year — open the FDD source before comparing | $44,520 |
| 2024 | cash at beginning of yearMore than one value recorded for this year — open the FDD source before comparing | $192,550 |
| 2024 | accounts receivableMore than one value recorded for this year — open the FDD source before comparing | $11,562 |
| 2024 | leasehold improvementsMore than one value recorded for this year — open the FDD source before comparing | $13,935 |
| 2024 | total fixed assetsMore than one value recorded for this year — open the FDD source before comparing | $45,252 |
| 2024 | current assets cashMore than one value recorded for this year — open the FDD source before comparing | $161,779 |
| 2024 | computer equipmentMore than one value recorded for this year — open the FDD source before comparing | $26,969 |
| 2024 | total current assetsMore than one value recorded for this year — open the FDD source before comparing | $179,905 |
| 2024 | fixed assets furniture and fixturesMore than one value recorded for this year — open the FDD source before comparing | $4,348 |
| 2024 | prepaid expenseMore than one value recorded for this year — open the FDD source before comparing | $6,564 |
| 2024 | net fixed assetsMore than one value recorded for this year — open the FDD source before comparing | $21,199 |
| 2024 | accumulated depreciationMore than one value recorded for this year — open the FDD source before comparing | -$24,053 |
| 2024 | other assets security depositMore than one value recorded for this year — open the FDD source before comparing | $1,513 |
| 2024 | lease liabilities - operating leases - short termMore than one value recorded for this year — open the FDD source before comparing | $10,153 |
| 2024 | right-of-use asset - operating leaseMore than one value recorded for this year — open the FDD source before comparing | $7,419 |
| 2024 | income royaltiesMore than one value recorded for this year — open the FDD source before comparing | $1,181,354 |
| 2024 | total assetsMore than one value recorded for this year — open the FDD source before comparing | $277,146 |
| 2024 | deferred revenue - short-termMore than one value recorded for this year — open the FDD source before comparing | $8,378 |
| 2024 | long-term liabilities deferred revenue - long-termMore than one value recorded for this year — open the FDD source before comparing | $60,527 |
| 2024 | total current liabilitiesMore than one value recorded for this year — open the FDD source before comparing | $81,100 |
| 2024 | total other assetsMore than one value recorded for this year — open the FDD source before comparing | $76,042 |
| 2024 | total long-term liabilitiesMore than one value recorded for this year — open the FDD source before comparing | $60,527 |
| 2024 | loan receivable - affiliate | $67,110 |
| 2024 | accrued payrollMore than one value recorded for this year — open the FDD source before comparing | $28,037 |
| 2024 | current liabilities accounts payableMore than one value recorded for this year — open the FDD source before comparing | $30,171 |
| 2024 | franchise feesMore than one value recorded for this year — open the FDD source before comparing | $16,322 |
| 2024 | total incomeMore than one value recorded for this year — open the FDD source before comparing | $1,339,926 |
| 2024 | other incomeMore than one value recorded for this year — open the FDD source before comparing | $139,525 |
| 2024 | income from operationsMore than one value recorded for this year — open the FDD source before comparing | $50,099 |
| 2024 | charitable contributionsMore than one value recorded for this year — open the FDD source before comparing | -$3,878 |
| 2024 | other income andMore than one value recorded for this year — open the FDD source before comparing | $710 |
| 2024 | total other income and expensesMore than one value recorded for this year — open the FDD source before comparing | -$3,168 |
| 2024 | net incomeMore than one value recorded for this year — open the FDD source before comparing | $46,931 |
| 2024 | retained earnings, beginning of yearMore than one value recorded for this year — open the FDD source before comparing | $142,092 |
| 2024 | cash flow from operating activities net incomeMore than one value recorded for this year — open the FDD source before comparing | $46,931 |
| 2024 | increase) decrease in prepaid expenseMore than one value recorded for this year — open the FDD source before comparing | $9,188 |
| 2024 | increaseMore than one value recorded for this year — open the FDD source before comparing | $4,361 |
| 2024 | retained earnings, end of yearMore than one value recorded for this year — open the FDD source before comparing | $139,023 |
| 2024 | increase) decrease in accounts receivableMore than one value recorded for this year — open the FDD source before comparing | $12,744 |
| 2024 | net incomeMore than one value recorded for this year — open the FDD source before comparing | $46,931 |
| 2024 | net cash provided by operating activitiesMore than one value recorded for this year — open the FDD source before comparing | $44,520 |
| 2024 | net fixed assetsMore than one value recorded for this year — open the FDD source before comparing | $21,199 |
| 2024 | long-term liabilities deferred revenue - long-termMore than one value recorded for this year — open the FDD source before comparing | $60,527 |
| 2024 | depreciationMore than one value recorded for this year — open the FDD source before comparing | $3,204 |
| 2024 | net increase | -$30,771 |
| 2024 | total other assetsMore than one value recorded for this year — open the FDD source before comparing | $76,042 |
| 2024 | increaseMore than one value recorded for this year — open the FDD source before comparing | $6,559 |
| 2024 | increaseMore than one value recorded for this year — open the FDD source before comparing | -$148 |
| 2024 | fixed assets furniture and fixturesMore than one value recorded for this year — open the FDD source before comparing | $4,348 |
| 2024 | total assetsMore than one value recorded for this year — open the FDD source before comparing | $277,146 |
| 2024 | deferred revenue - short-termMore than one value recorded for this year — open the FDD source before comparing | $8,378 |
| 2024 | total liabilities and stockholders' equityMore than one value recorded for this year — open the FDD source before comparing | $277,146 |
| 2024 | retained earningsMore than one value recorded for this year — open the FDD source before comparing | $139,023 |
| 2024 | common stock carrying amountMore than one value recorded for this year — open the FDD source before comparing | $100 |
| 2024 | equipment salesMore than one value recorded for this year — open the FDD source before comparing | $2,725 |
| 2024 | total other income and expensesMore than one value recorded for this year — open the FDD source before comparing | -$3,168 |
| 2024 | total long-term liabilitiesMore than one value recorded for this year — open the FDD source before comparing | $60,527 |
| 2024 | increase) decrease in accounts receivableMore than one value recorded for this year — open the FDD source before comparing | $12,744 |
| 2024 | increaseMore than one value recorded for this year — open the FDD source before comparing | -$148 |
| 2024 | net cash used by financing activities | -$50,000 |
| 2024 | income from operationsMore than one value recorded for this year — open the FDD source before comparing | $50,099 |
| 2024 | shareholder distributions | -$50,000 |
| 2024 | retained earnings, beginning of yearMore than one value recorded for this year — open the FDD source before comparing | $142,092 |
| 2024 | depreciationMore than one value recorded for this year — open the FDD source before comparing | $3,204 |
| 2024 | cash flow from investing activities amortization of right of use asset - operating leaseMore than one value recorded for this year — open the FDD source before comparing | $41,819 |
| 2024 | net cash | -$25,291 |
| 2024 | total stockholders' equityMore than one value recorded for this year — open the FDD source before comparing | $135,519 |
| 2024 | additional paid-in capitalMore than one value recorded for this year — open the FDD source before comparing | $2,402 |
| 2024 | cash flow from operating activities net incomeMore than one value recorded for this year — open the FDD source before comparing | $46,931 |
| 2024 | cash flow from financing activities shareholder distributions | -$50,000 |
| 2024 | net decrease in cash | -$30,771 |
| 2024 | cash at end of yearMore than one value recorded for this year — open the FDD source before comparing | $161,779 |
| 2024 | treasury stockMore than one value recorded for this year — open the FDD source before comparing | -$6,006 |
| 2024 | total liabilities and stockholders' equityMore than one value recorded for this year — open the FDD source before comparing | $277,146 |
| 2024 | common stock carrying amountMore than one value recorded for this year — open the FDD source before comparing | $100 |
| 2023 | current assets cash | $192,550 |
| 2023 | accounts receivable | $24,306 |
| 2023 | prepaid expense | $15,752 |
| 2023 | total current assets | $232,608 |
| 2023 | computer equipment | $26,969 |
| 2023 | total fixed assets | $45,252 |
| 2023 | accumulated depreciation | -$20,849 |
| 2023 | net fixed assets | $24,403 |
| 2023 | other assets security deposit | $1,513 |
| 2023 | total other assets | $7,669 |
| 2023 | total assets | $264,680 |
| 2023 | current liabilities accounts payable | $23,612 |
| 2023 | accrued payroll | $28,185 |
| 2023 | deferred revenue - short-term | $8,711 |
| 2023 | lease liabilities - operating leases - short term | $6,568 |
| 2023 | total current liabilities | $67,076 |
| 2023 | long-term liabilities deferred revenue - long-term | $59,016 |
| 2023 | total liabilities | $126,092 |
| 2023 | additional paid-in capital | $2,402 |
| 2023 | treasury stock | -$6,006 |
| 2023 | retained earnings | $142,092 |
| 2023 | total liabilities and stockholders' equity | $264,680 |
| 2023 | income royalties | $1,110,230 |
| 2023 | franchise fees | $25,606 |
| 2023 | equipment sales | $8,402 |
| 2023 | other income | $122,931 |
| 2023 | income from operations | $40,873 |
| 2023 | other income and | $1,032 |
| 2023 | charitable contributions | -$4,000 |
| 2023 | net incomeMore than one value recorded for this year — open the FDD source before comparing | $37,783 |
| 2023 | shareholder distributions | -$125,000 |
| 2023 | retained earnings, end of year | $142,092 |
| 2023 | cash flow from operating activities net income | $37,783 |
| 2023 | depreciation | $1,594 |
| 2023 | increase) decrease in accounts receivable | $39,356 |
| 2023 | increase) decrease in prepaid expense | -$9,830 |
| 2023 | increaseMore than one value recorded for this year — open the FDD source before comparing | $2,085 |
| 2023 | increaseMore than one value recorded for this year — open the FDD source before comparing | $1,894 |
| 2023 | increaseMore than one value recorded for this year — open the FDD source before comparing | -$38,244 |
| 2023 | net cash | $13,513 |
| 2023 | cash at beginning of year | $265,004 |
| 2023 | leasehold improvements | $13,935 |
| 2023 | fixed assets furniture and fixtures | $4,348 |
| 2023 | right-of-use asset - operating lease | $6,156 |
| 2023 | total long-term liabilities | $59,016 |
| 2023 | common stock carrying amount | $100 |
| 2023 | operating expenses total operating expenses | $1,226,296 |
| 2023 | net incomeMore than one value recorded for this year — open the FDD source before comparing | $37,783 |
| 2023 | total income | $1,267,169 |
| 2023 | net decrease in cash | -$72,454 |
| 2023 | total stockholders' equity | $138,588 |
| 2023 | total other income and expenses | -$3,090 |
| 2023 | retained earnings, beginning of year | $231,257 |
| 2023 | cash flow from investing activities amortization of right of use asset - operating lease | $36,258 |
| 2023 | cash flow from financing activities shareholder distributions | -$125,000 |
| 2023 | cash at end of year | $192,550 |
| 2023 | increaseMore than one value recorded for this year — open the FDD source before comparing | $4,395 |
| 2023 | net cash provided by operating activities | $39,033 |
| 2023 | net cash used by financing activities | -$125,000 |
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.
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At a glance
Business history
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Owner participation
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Territory language
Litigation disclosure
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Bankruptcy disclosure
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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 20 · PDF p. 39 · 2026 FDD
Our summary: Table 3 MN 2023 — Terminations
“2023 3 0 0 0 0 0 3”
Note: This Item 20 claim is state-specific; the permitted review scope is national/systemwide Total rows only.
Item 20 · PDF p. 39 · 2026 FDD
Our summary: Table 3 MN 2024 — Nonrenewals
“2024 3 0 0 0 0 0 3”
Note: This Item 20 claim is state-specific; the permitted review scope is national/systemwide Total rows only.
Item 20 · PDF p. 39 · 2026 FDD
Our summary: Table 3 MN 2023 — At end
“2023 3 0 0 0 0 0 3”
Note: This Item 20 claim is state-specific; the permitted review scope is national/systemwide Total rows only.
Item 20 · PDF p. 39 · 2026 FDD
Our summary: Table 3 MN 2024 — At start
“2024 3 0 0 0 0 0 3”
Note: This Item 20 claim is state-specific; the permitted review scope is national/systemwide Total rows only.
Item 20 · PDF p. 39 · 2026 FDD
Our summary: Table 3 MN 2023 — Nonrenewals
“2023 3 0 0 0 0 0 3”
Note: This Item 20 claim is state-specific; the permitted review scope is national/systemwide Total rows only.
Item 20 · PDF p. 39 · 2026 FDD
Our summary: Table 3 MI 2025 — At end
“2025 1 0 0 0 0 0 1”
Note: This Item 20 claim is state-specific; the permitted review scope is national/systemwide Total rows only.
Item 20 · PDF p. 39 · 2026 FDD
Our summary: Table 3 MN 2023 — At start
“2023 3 0 0 0 0 0 3”
Note: This Item 20 claim is state-specific; the permitted review scope is national/systemwide Total rows only.
Item 20 · PDF p. 39 · 2026 FDD
Our summary: Table 3 MN 2023 — Opened
“2023 3 0 0 0 0 0 3”
Note: This Item 20 claim is state-specific; the permitted review scope is national/systemwide Total rows only.
Item 20 · PDF p. 39 · 2026 FDD
Our summary: Table 3 MN 2024 — Opened
“2024 3 0 0 0 0 0 3”
Note: This Item 20 claim is state-specific; the permitted review scope is national/systemwide Total rows only.
Item 20 · PDF p. 39 · 2026 FDD
Our summary: Table 3 MN 2023 — Ceased other
“2023 3 0 0 0 0 0 3”
Note: This Item 20 claim is state-specific; the permitted review scope is national/systemwide Total rows only.
Item 20 · PDF p. 39 · 2026 FDD
Our summary: Table 3 MN 2023 — Reacquired
“2023 3 0 0 0 0 0 3”
Note: This Item 20 claim is state-specific; the permitted review scope is national/systemwide Total rows only.
Item 20 · PDF p. 39 · 2026 FDD
Our summary: Table 3 MN 2024 — Terminations
“2024 3 0 0 0 0 0 3”
Note: This Item 20 claim is state-specific; the permitted review scope is national/systemwide Total rows only.
Independent analysis of franchisor-provided data. Not investment advice. Franopolis does not distribute FDDs.