Franopolis

    Camp Bow Wow

    Franchise research report · reviewed 2026 disclosure data

    Researching Camp Bow Wow franchise opportunities? Every figure below is cited to the FDD.

    Reviewed sources
    Franchising since
    2003
    Source: franchise.org
    Headquarters
    Carrollton, TX, United States
    Source: franchise.org

    Camp Bow Wow franchise specializes in doggy daycare, boarding, and grooming services, creating a safe and fun environment where dogs can play and socialize whil

    Headline figures

    Quick facts

    How much does it cost to open a Camp Bow Wow franchise?
    The Camp Bow Wow Franchise Disclosure Document reports separate estimated initial investments by format: $70,846–$406,715 for conversion only (conversion — total — low estimate) (2026 FDD, Item 7, PDF p. 36); $954,606–$1,229,536 for new — total (2026 FDD, Item 7, PDF p. 30). These formats are not combined. Each is the franchisor's disclosed estimate, not a quote. Details
    What ongoing fees does Camp Bow Wow charge?
    The disclosed ongoing royalty is 7% (2026 FDD, Item 6, PDF p. 26). The brand or advertising fund contribution is $3 (2026 FDD, Item 6, PDF p. 19). Other recurring fees are listed in Item 6. Details
    Does Camp Bow Wow disclose financial performance (Item 19)?
    Yes. The Camp Bow Wow FDD includes an Item 19 financial performance representation (2026 FDD, Item 19, PDF p. 74). Figures apply only to the locations and period each one covers. Details
    How many Camp Bow Wow locations are there?
    The FDD reports 225 outlets at the end of 2025 (2026 FDD, Item 20, PDF p. 82). Existing locations do not indicate territory availability. Details

    From reviewed FDD figures only. Not a recommendation or projection.

    What the disclosures show

    1. 1The 2026 FDD (Item 7) estimates opening costs separately by format: $70,846 – $406,715 (Conversion — TOTAL — low estimate); $954,606 – $1,229,536 (New — TOTAL); several initial fee options apply.
    2. 2Item 19 covers 6 separate groups: other measures and revenue for 207 franchise US locations; profit for 52 franchise US locations; profit for 52 franchise US locations; other measures and revenue for 155 franchise US locations; profit for 39 franchise US locations; profit for 39 franchise US locations. They are not combined.
    3. 3Outlets grew by 2 in 2025, to 225 (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 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.

    • Conversion — TOTAL — low estimatePDF p. 36$70,846 – $406,715
    • NewPDF p. 30$954,606 – $1,229,536

    Ongoing Fees — Item 6

    Selected recurring charges; payment bases and conditions remain attached to each fee.

    Royalty on loss of good standing — percentage of Net Revenue, subject to greater minimum monthly royaltyMain ongoing fee

    59 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?

    6 separate populations, shown apart. Revenue is not owner income.

    Locations counted: not stated in the reviewed record

    Revenue and other measures · 207 locations

    Who is counted
    Group1 all
    Excluded
    New<24months or incomplete reports excluded;Group2<=9000sqft;207Group1of225reportedUS source vsItem20US224 mismatchpreserved.
    Method
    Unaudited franchise reports financialbenchmarksurvey cash/accrual; continuous24fullmonths and allreports. Profit quartiles rank TotalFranchiseOwnerBenefit EBITDA+ownersalary excludesownerdraw;COGSincludesroyalty. Financial table figures absent extraction no inferredaverages.

    Locations counted: not stated in the reviewed record

    Profit · 52 locations

    Who is counted
    Group1 top25%profit
    Excluded
    New<24months or incomplete reports excluded;Group2<=9000sqft;207Group1of225reportedUS source vsItem20US224 mismatchpreserved.
    Method
    Unaudited franchise reports financialbenchmarksurvey cash/accrual; continuous24fullmonths and allreports. Profit quartiles rank TotalFranchiseOwnerBenefit EBITDA+ownersalary excludesownerdraw;COGSincludesroyalty. Financial table figures absent extraction no inferredaverages.

    Locations counted: not stated in the reviewed record

    Profit · 52 locations

    Who is counted
    Group1 bottom25%profit
    Excluded
    New<24months or incomplete reports excluded;Group2<=9000sqft;207Group1of225reportedUS source vsItem20US224 mismatchpreserved.
    Method
    Unaudited franchise reports financialbenchmarksurvey cash/accrual; continuous24fullmonths and allreports. Profit quartiles rank TotalFranchiseOwnerBenefit EBITDA+ownersalary excludesownerdraw;COGSincludesroyalty. Financial table figures absent extraction no inferredaverages.

    Locations counted: not stated in the reviewed record

    Revenue and other measures · 155 locations

    Who is counted
    Group2 <=9000sqft all
    Excluded
    New<24months or incomplete reports excluded;Group2<=9000sqft;207Group1of225reportedUS source vsItem20US224 mismatchpreserved.
    Method
    Unaudited franchise reports financialbenchmarksurvey cash/accrual; continuous24fullmonths and allreports. Profit quartiles rank TotalFranchiseOwnerBenefit EBITDA+ownersalary excludesownerdraw;COGSincludesroyalty. Financial table figures absent extraction no inferredaverages.

    Locations counted: not stated in the reviewed record

    Profit · 39 locations

    Who is counted
    Group2 top25%profit
    Excluded
    New<24months or incomplete reports excluded;Group2<=9000sqft;207Group1of225reportedUS source vsItem20US224 mismatchpreserved.
    Method
    Unaudited franchise reports financialbenchmarksurvey cash/accrual; continuous24fullmonths and allreports. Profit quartiles rank TotalFranchiseOwnerBenefit EBITDA+ownersalary excludesownerdraw;COGSincludesroyalty. Financial table figures absent extraction no inferredaverages.

    Locations counted: not stated in the reviewed record

    Profit · 39 locations

    Who is counted
    Group2 bottom25%profit
    Excluded
    New<24months or incomplete reports excluded;Group2<=9000sqft;207Group1of225reportedUS source vsItem20US224 mismatchpreserved.
    Method
    Unaudited franchise reports financialbenchmarksurvey cash/accrual; continuous24fullmonths and allreports. Profit quartiles rank TotalFranchiseOwnerBenefit EBITDA+ownersalary excludesownerdraw;COGSincludesroyalty. Financial table figures absent extraction no inferredaverages.

    These groups are never combined.

    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. 81

    Net +9 outlets, 2023–2025

    0216202322420242252025+8+1

    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 ($70,846 – $1,229,536) 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 223 to 225 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. [1]Item 19 — Locations counted not stated in the reviewed record — Group1 all · PDF p. 74
    2. [2]Item 19 — Locations counted not stated in the reviewed record — Group1 top25%profit · PDF p. 74
    3. [3]Item 19 — Locations counted not stated in the reviewed record — Group1 bottom25%profit · PDF p. 75
    4. [4]Item 19 — Locations counted not stated in the reviewed record — Group2 <=9000sqft all · PDF p. 79
    5. [5]Item 19 — Locations counted not stated in the reviewed record — Group2 top25%profit · PDF p. 79
    6. [6]Item 19 — Locations counted not stated in the reviewed record — Group2 bottom25%profit · PDF p. 80
    7. [7]Outlet counts — Item 20, Table 1 · PDF p. 81

    "PDF p." is the page in the PDF file; "printed p." is the number printed on the FDD page. Source document: FDD

    Territory & operations

    263 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 yearMeasureReported value
    2025accounts receivable - net$6,784,879
    2025current portion of notes receivable - net$210,629
    2025amounts due from affiliates$326,305
    2025prepaid expenses$4,506,910
    2025other current assets$293,729
    2025total current assets$19,440,303
    2025right of use assets - net$63,631,973
    2025other i ntangibles - n et$125,423,470
    2025goodwill - net$319,750,443
    2025notes receivable, less current portion - net$546,223
    2025total assets$552,151,419
    2025accrued liabilities$14,474,463
    2025current portion of deferred revenue$2,969,490
    2025current portion of lease liabilities$7,105,172
    2025income tax payable$8,548,316
    2025total current liabilities$33,537,691
    2025deferred revenue - less current portion$7,360,307
    2025rental income$18,026,839
    2025lease liabilities, less current portion$59,904,166
    2025other long - term liabilities$396,220
    2025total liabilities$116,699,280
    2025retained earnings$99,682,434
    2025total member's equity$435,452,139
    2025total liabilities and member's equity$552,151,419
    2025franchise sales$4,040,916
    2025royalties$76,499,157
    2025other revenue$6,601,292
    2025total revenues$105,168,204
    2025costs and expenses cost of goods gold$2,272,016
    2025selling, general, and administrative$61,919,603
    2025total costs and expenses$76,197,811
    2025operating income$28,970,393
    2025foreign currency exchange loss-$13,656
    2025loss) g ain on disposal/ sale of assets-$248,388
    2025total other-$78,416
    2025income before taxes$28,891,977
    2025income tax expense$8,836,563
    2025operating activities net income$20,055,414
    2025bad debt$147,756
    2025depreciation & amortization$11,985,125
    2025share - based compensation expense$789,660
    2025loss$9,174
    2025capital asset impairment$381,701
    2025deferred income taxes-$903,155
    2025amortization of right - of - use asset$5,444,292
    2025operating cash-flow change, net of businesses acquired: operating lease obligation-$4,332,820
    2025investing activities capital expenditures-$4,898,723
    2025proceeds from sale of assets , net$50,810
    2025net cash used in investing activities-$4,784,016
    2025financing activities payments on finance lease-$19,474
    2025net advances from-$28,088,554
    2025net increase$3,936,645
    2025cash and cash equivalents at beginning of year$3,381,206
    2025cash and cash equivalents at end of year$7,317,851
    2025cash paid for income taxes$930,446
    2025cash received for interest$186,407
    2025fixed assets purchased and unpaid, included in accounts payable and accrued liabilities$588,375
    2025non - cash impact on lease modifications$1,673,283
    2025issuance of note receivable for business divestiture$613,412
    2025net income$20,055,414
    2025deferred tax liabilities$15,500,896
    2025s equity current liabilities accounts payable$440,250
    2025other income/(expenses) interest income$183,628
    2025assets current assets cash and cash equivalents$7,317,851
    2025additional paid - in capital$335,826,515
    2025intangible impairment$1,659,704
    2025operating cash-flow change, net of businesses acquired: income taxes payable$1,920,234
    2025accumulated other comprehensive loss-$57,810
    2025operating cash-flow change, net of businesses acquired: prepaid expenses-$757,436
    2025fixed assets - net$20,524,625
    2025other assets$2,834,382
    2025depreciation and amortization$12,006,192
    2025net cash provided by operating activities$36,840,151
    2025common stock$1,000
    2025right - of - use impairment$1,004,526
    2025net cash-$28,108,028
    2025operating cash-flow change, net of businesses acquired: accounts and notes receivable, trade-$1,039,452
    2025operating cash-flow change, net of businesses acquired: other long - term liabilities-$517,211
    2025operating cash-flow change, net of businesses acquired: amount due to/from affiliate$306,240
    2025operating cash-flow change, net of businesses acquired: deferred revenue-$550,621
    2025operating cash-flow change, net of businesses acquired: other assets$770,958
    2025operating cash-flow change, net of businesses acquired: accounts payable-$522,542
    2025operating cash-flow change, net of businesses acquired: accrued liabilities$988,604
    2025proceeds from collection of seller financed note$63,897
    2025effect of exchange rate changes on cash and cash equivalents-$11,462
    2025operating right - of - use assets obtained in exchange for right - of - use liabilities$107,459
    2024accounts receivable - netMore than one value recorded for this year — open the FDD source before comparing$5,930,192
    2024current portion of notes receivable - netMore than one value recorded for this year — open the FDD source before comparing$74,080
    2024amounts due from affiliatesMore than one value recorded for this year — open the FDD source before comparing$632,545
    2024other current assetsMore than one value recorded for this year — open the FDD source before comparing$663,352
    2024total current assetsMore than one value recorded for this year — open the FDD source before comparing$14,490,546
    2024fixed assets - netMore than one value recorded for this year — open the FDD source before comparing$20,045,057
    2024other i ntangibles - n et$133,436,739
    2024goodwill - netMore than one value recorded for this year — open the FDD source before comparing$321,410,147
    2024notes receivable, less current portion - netMore than one value recorded for this year — open the FDD source before comparing$146,648
    2024other assetsMore than one value recorded for this year — open the FDD source before comparing$3,235,717
    2024total assetsMore than one value recorded for this year — open the FDD source before comparing$564,392,813
    2024accrued liabilitiesMore than one value recorded for this year — open the FDD source before comparing$13,058,295
    2024current portion of deferred revenueMore than one value recorded for this year — open the FDD source before comparing$3,717,216
    2024current portion of lease liabilitiesMore than one value recorded for this year — open the FDD source before comparing$6,754,767
    2024total current liabilitiesMore than one value recorded for this year — open the FDD source before comparing$30,908,331
    2024deferred tax liabilitiesMore than one value recorded for this year — open the FDD source before comparing$16,404,050
    2024other long - term liabilities$396,220
    2024total liabilitiesMore than one value recorded for this year — open the FDD source before comparing$121,740,153
    2024common stockMore than one value recorded for this year — open the FDD source before comparing$1,000
    2024additional paid - in capital$363,125,409
    2024retained earningsMore than one value recorded for this year — open the FDD source before comparing$79,627,020
    2024accumulated other comprehensive lossMore than one value recorded for this year — open the FDD source before comparing-$100,769
    2024franchise salesMore than one value recorded for this year — open the FDD source before comparing$4,110,484
    2024royaltiesMore than one value recorded for this year — open the FDD source before comparing$69,773,999
    2024total revenuesMore than one value recorded for this year — open the FDD source before comparing$98,190,208
    2024costs and expenses cost of goods goldMore than one value recorded for this year — open the FDD source before comparing$2,349,027
    2024selling, general, and administrativeMore than one value recorded for this year — open the FDD source before comparing$66,485,526
    2024depreciation and amortizationMore than one value recorded for this year — open the FDD source before comparing$11,002,904
    2024total costs and expensesMore than one value recorded for this year — open the FDD source before comparing$79,837,457
    2024other income/(expenses) interest incomeMore than one value recorded for this year — open the FDD source before comparing$272,192
    2024foreign currency exchange loss-$27,516
    2024loss) g ain on disposal/ sale of assets$19,157
    2024other expenseMore than one value recorded for this year — open the FDD source before comparing-$27,188
    2024income before taxesMore than one value recorded for this year — open the FDD source before comparing$18,589,396
    2024income tax expenseMore than one value recorded for this year — open the FDD source before comparing$8,921,146
    2024operating activities net incomeMore than one value recorded for this year — open the FDD source before comparing$9,668,250
    2024bad debt-$85,758
    2024share - based compensation expense$1,240,361
    2024loss-$16,112
    2024bargain purchase price gain on acquisitionMore than one value recorded for this year — open the FDD source before comparing-$34,687
    2024intangible impairmentMore than one value recorded for this year — open the FDD source before comparing$62,667
    2024deferred income taxesMore than one value recorded for this year — open the FDD source before comparing-$796,605
    2024amortization of right - of - use asset$5,445,542
    2024operating cash-flow change, net of businesses acquired: accounts and notes receivable, tradeMore than one value recorded for this year — open the FDD source before comparing$17,519
    2024operating cash-flow change, net of businesses acquired: amount due to/from affiliateMore than one value recorded for this year — open the FDD source before comparing-$146,517
    2024operating cash-flow change, net of businesses acquired: prepaid expensesMore than one value recorded for this year — open the FDD source before comparing-$804,878
    2024operating cash-flow change, net of businesses acquired: income taxes payableMore than one value recorded for this year — open the FDD source before comparing$1,738,564
    2024operating cash-flow change, net of businesses acquired: accounts payableMore than one value recorded for this year — open the FDD source before comparing-$1,294,518
    2024operating cash-flow change, net of businesses acquired: accrued liabilitiesMore than one value recorded for this year — open the FDD source before comparing-$1,665,508
    2024operating cash-flow change, net of businesses acquired: other long - term liabilities-$1,302,860
    2024operating cash-flow change, net of businesses acquired: operating lease obligationMore than one value recorded for this year — open the FDD source before comparing-$3,679,126
    2024investing activities capital expendituresMore than one value recorded for this year — open the FDD source before comparing-$6,098,198
    2024proceeds from sale of assets , net$333,181
    2024acquisition of a business, net of cash-$81,095,967
    2024net cash used in investing activitiesMore than one value recorded for this year — open the FDD source before comparing-$86,860,984
    2024financing activities payments on finance leaseMore than one value recorded for this year — open the FDD source before comparing-$23,369
    2024net cash$64,263,544
    2024effect of exchange rate changes on cash and cash equivalentsMore than one value recorded for this year — open the FDD source before comparing-$56,289
    2024net increase-$4,665,846
    2024cash and cash equivalents at beginning of yearMore than one value recorded for this year — open the FDD source before comparing$8,047,052
    2024cash and cash equivalents at end of yearMore than one value recorded for this year — open the FDD source before comparing$3,381,206
    2024fixed assets purchased and unpaid, included in accounts payable and accrued liabilitiesMore than one value recorded for this year — open the FDD source before comparing$1,130,904
    2024operating right - of - use assets obtained in exchange for right - of - use liabilities$14,095,874
    2024operating right - of - use assets sold in exchange for right - of - use liabilities-$373,849
    2024non - cash impact on lease modifications$2,498,318
    2024non - cash impact of net-$279,145
    2024assets current assets cash and cash equivalentsMore than one value recorded for this year — open the FDD source before comparing$3,381,206
    2024other current assetsMore than one value recorded for this year — open the FDD source before comparing$663,352
    2024fixed assets - netMore than one value recorded for this year — open the FDD source before comparing$20,045,057
    2024current portion of notes receivable - netMore than one value recorded for this year — open the FDD source before comparing$74,080
    2024amounts due from affiliatesMore than one value recorded for this year — open the FDD source before comparing$632,545
    2024prepaid expensesMore than one value recorded for this year — open the FDD source before comparing$3,809,171
    2024goodwill - netMore than one value recorded for this year — open the FDD source before comparing$321,410,147
    2024notes receivable, less current portion - netMore than one value recorded for this year — open the FDD source before comparing$146,648
    2024other assetsMore than one value recorded for this year — open the FDD source before comparing$3,235,717
    2024total assetsMore than one value recorded for this year — open the FDD source before comparing$564,392,813
    2024s equity current liabilities accounts payableMore than one value recorded for this year — open the FDD source before comparing$749,971
    2024current portion of deferred revenueMore than one value recorded for this year — open the FDD source before comparing$3,717,216
    2024current portion of lease liabilitiesMore than one value recorded for this year — open the FDD source before comparing$6,754,767
    2024income tax payableMore than one value recorded for this year — open the FDD source before comparing$6,628,082
    2024deferred revenue - less current portionMore than one value recorded for this year — open the FDD source before comparing$7,877,518
    2024other long-term liabilities$396,220
    2024deferred tax liabilitiesMore than one value recorded for this year — open the FDD source before comparing$16,404,051
    2024total liabilitiesMore than one value recorded for this year — open the FDD source before comparing$121,740,153
    2024additional paid-in capital$363,125,409
    2024retained earningsMore than one value recorded for this year — open the FDD source before comparing$79,627,020
    2024total member's equityMore than one value recorded for this year — open the FDD source before comparing$442,652,660
    2024total liabilities and member's equityMore than one value recorded for this year — open the FDD source before comparing$564,392,813
    2024franchise salesMore than one value recorded for this year — open the FDD source before comparing$4,110,484
    2024royaltiesMore than one value recorded for this year — open the FDD source before comparing$69,773,999
    2024rental incomeMore than one value recorded for this year — open the FDD source before comparing$17,316,296
    2024other revenueMore than one value recorded for this year — open the FDD source before comparing$6,989,429
    2024costs and expenses cost of goods goldMore than one value recorded for this year — open the FDD source before comparing$2,349,027
    2024selling, general, and administrativeMore than one value recorded for this year — open the FDD source before comparing$66,485,526
    2024income before taxesMore than one value recorded for this year — open the FDD source before comparing$18,589,396
    2024income tax expenseMore than one value recorded for this year — open the FDD source before comparing$8,921,146
    2024net incomeMore than one value recorded for this year — open the FDD source before comparing$9,668,250
    2024operating activities net incomeMore than one value recorded for this year — open the FDD source before comparing$9,668,250
    2024share-based compensation expense$1,240,361
    2024gain on sale of assets, net-$16,112
    2024bargain purchase price gain on acquisitionMore than one value recorded for this year — open the FDD source before comparing-$34,687
    2024deferred income taxesMore than one value recorded for this year — open the FDD source before comparing-$796,605
    2024amortization of right-of-use asset$5,445,542
    2024operating cash-flow change, net of businesses acquired: amount due to/from affiliateMore than one value recorded for this year — open the FDD source before comparing-$146,517
    2024operating cash-flow change, net of businesses acquired: prepaid expensesMore than one value recorded for this year — open the FDD source before comparing-$804,878
    2024operating cash-flow change, net of businesses acquired: other assetsMore than one value recorded for this year — open the FDD source before comparing$207,052
    2024operating cash-flow change, net of businesses acquired: income taxes payableMore than one value recorded for this year — open the FDD source before comparing$1,738,564
    2024operating cash-flow change, net of businesses acquired: accounts payableMore than one value recorded for this year — open the FDD source before comparing-$1,294,518
    2024operating cash-flow change, net of businesses acquired: accrued liabilitiesMore than one value recorded for this year — open the FDD source before comparing-$1,665,508
    2024operating cash-flow change, net of businesses acquired: deferred revenueMore than one value recorded for this year — open the FDD source before comparing-$1,547,373
    2024net cash provided by operating activitiesMore than one value recorded for this year — open the FDD source before comparing$17,987,883
    2024investing activities capital expendituresMore than one value recorded for this year — open the FDD source before comparing-$6,098,198
    2024acquisition of a business, net of cash acquired-$81,095,967
    2024financing activities payments on finance leaseMore than one value recorded for this year — open the FDD source before comparing-$23,369
    2024net advances from/(to) parent$64,286,913
    2024net cash provided/(used) in financing activities$64,263,544
    2024effect of exchange rate changes on cash and cash equivalentsMore than one value recorded for this year — open the FDD source before comparing-$56,289
    2024net decrease in cash and cash equivalents-$4,665,846
    2024cash and cash equivalents at end of yearMore than one value recorded for this year — open the FDD source before comparing$3,381,206
    2024cash paid for income taxesMore than one value recorded for this year — open the FDD source before comparing$1,099,291
    2024cash received for interestMore than one value recorded for this year — open the FDD source before comparing$275,826
    2024operating right-of-use assets obtained in exchange for right-of-use liabilities$14,095,874
    2024assets current assets cash and cash equivalentsMore than one value recorded for this year — open the FDD source before comparing$3,381,206
    2024right of use assets - netMore than one value recorded for this year — open the FDD source before comparing$71,627,959
    2024net cash provided by operating activitiesMore than one value recorded for this year — open the FDD source before comparing$17,987,883
    2024total member's equityMore than one value recorded for this year — open the FDD source before comparing$442,652,660
    2024other expenseMore than one value recorded for this year — open the FDD source before comparing-$27,188
    2024net advances from$64,286,913
    2024prepaid expensesMore than one value recorded for this year — open the FDD source before comparing$3,809,171
    2024s equity current liabilities accounts payableMore than one value recorded for this year — open the FDD source before comparing$749,971
    2024depreciation & amortizationMore than one value recorded for this year — open the FDD source before comparing$10,981,870
    2024other revenueMore than one value recorded for this year — open the FDD source before comparing$6,989,429
    2024other income/(expenses) interest incomeMore than one value recorded for this year — open the FDD source before comparing$272,192
    2024operating incomeMore than one value recorded for this year — open the FDD source before comparing$18,352,751
    2024other intangibles - net$133,436,739
    2024income tax payableMore than one value recorded for this year — open the FDD source before comparing$6,628,082
    2024lease liabilities, less current portionMore than one value recorded for this year — open the FDD source before comparing$66,154,033
    2024net incomeMore than one value recorded for this year — open the FDD source before comparing$9,668,250
    2024cash and cash equivalents at beginning of yearMore than one value recorded for this year — open the FDD source before comparing$8,047,052
    2024rental incomeMore than one value recorded for this year — open the FDD source before comparing$17,316,296
    2024total revenuesMore than one value recorded for this year — open the FDD source before comparing$98,190,208
    2024total other income, net$236,645
    2024deferred revenue - less current portionMore than one value recorded for this year — open the FDD source before comparing$7,877,518
    2024foreign currency exchange-$27,516
    2024total liabilities and member's equityMore than one value recorded for this year — open the FDD source before comparing$564,392,813
    2024total other$236,645
    2024cash paid for income taxesMore than one value recorded for this year — open the FDD source before comparing$1,099,291
    2024right of use assets - netMore than one value recorded for this year — open the FDD source before comparing$71,627,959
    2024accounts receivable - netMore than one value recorded for this year — open the FDD source before comparing$5,930,192
    2024depreciation and amortizationMore than one value recorded for this year — open the FDD source before comparing$11,002,904
    2024non-cash impact on lease modifications$2,498,318
    2024lease liabilities, less current portionMore than one value recorded for this year — open the FDD source before comparing$66,154,033
    2024intangible impairmentMore than one value recorded for this year — open the FDD source before comparing$62,667
    2024operating cash-flow change, net of businesses acquired: other assetsMore than one value recorded for this year — open the FDD source before comparing$207,052
    2024common stockMore than one value recorded for this year — open the FDD source before comparing$1,000
    2024gain on sale of assets$19,157
    2024operating cash-flow change, net of businesses acquired: operating lease obligationMore than one value recorded for this year — open the FDD source before comparing-$3,679,126
    2024operating incomeMore than one value recorded for this year — open the FDD source before comparing$18,352,751
    2024bad debt recovery, net-$85,758
    2024non-cash impact of net-$279,145
    2024accumulated other comprehensive lossMore than one value recorded for this year — open the FDD source before comparing-$100,769
    2024operating cash-flow change, net of businesses acquired: deferred revenueMore than one value recorded for this year — open the FDD source before comparing-$1,547,373
    2024cash received for interestMore than one value recorded for this year — open the FDD source before comparing$275,826
    2024total costs and expensesMore than one value recorded for this year — open the FDD source before comparing$79,837,457
    2024accrued liabilitiesMore than one value recorded for this year — open the FDD source before comparing$13,058,295
    2024total current liabilitiesMore than one value recorded for this year — open the FDD source before comparing$30,908,331
    2024depreciation & amortizationMore than one value recorded for this year — open the FDD source before comparing$10,981,870
    2024net cash used in investing activitiesMore than one value recorded for this year — open the FDD source before comparing-$86,860,984
    2024operating cash-flow change, net of businesses acquired: accounts and notes receivable, tradeMore than one value recorded for this year — open the FDD source before comparing$17,519
    2024operating cash-flow change, net of businesses acquired: other long-term liabilities-$1,302,860
    2024proceeds from sale of assets$333,181
    2024fixed assets purchased and unpaid, included in accounts payable and accrued liabilitiesMore than one value recorded for this year — open the FDD source before comparing$1,130,904
    2024total current assetsMore than one value recorded for this year — open the FDD source before comparing$14,490,546
    2023assets current assets cash and cash equivalents$8,047,052
    2023other current assets$736,544
    2023total current assets$16,666,296
    2023fixed assets - net$12,961,306
    2023accounts receivable - net$5,374,191
    2023amounts due from affiliates$486,028
    2023prepaid expenses$1,956,054
    2023right of use assets - net$60,777,646
    2023other intangibles - net$81,990,839
    2023goodwill - net$300,287,335
    2023notes receivable, less current portion - net$90,091
    2023total assets$475,872,065
    2023s equity current liabilities accounts payable$1,155,458
    2023current portion of deferred revenue$2,949,793
    2023current portion of lease liabilities$5,783,768
    2023income tax payable$4,855,752
    2023total current liabilities$27,548,388
    2023deferred revenue - less current portion$9,030,378
    2023other long-term liabilities$262,500
    2023deferred tax liabilities$17,220,366
    2023total liabilities$108,314,160
    2023common stock$1,000
    2023additional paid-in capital$297,598,135
    2023franchise sales$3,508,446
    2023royalties$49,940,078
    2023rental income$13,118,572
    2023other revenue$5,787,952
    2023costs and expenses cost of goods gold$2,310,482
    2023selling, general, and administrative$44,067,902
    2023income before taxes$21,512,079
    2023income tax expense$8,942,992
    2023net income$12,569,087
    2023operating activities net income$12,569,087
    2023bad debt recovery, net$429,277
    2023depreciation & amortization$4,502,473
    2023share-based compensation expense$1,144,951
    2023capital asset impairment$323,146
    2023deferred income taxes$182,406
    2023amortization of right-of-use asset$4,322,294
    2023operating cash-flow change, net of businesses acquired: operating lease obligation-$3,407,709
    2023net cash provided by operating activities$24,665,263
    2023investing activities capital expenditures-$2,715,270
    2023acquisition of a business, net of cash acquired-$6,784,799
    2023net cash used in investing activities-$9,500,069
    2023financing activities payments on finance lease-$36,863
    2023net advances from/(to) parent-$18,947,698
    2023cash and cash equivalents at beginning of year$11,866,419
    2023cash and cash equivalents at end of year$8,047,052
    2023cash paid for income taxes$296,464
    2023cash received for interest$66,388
    2023fixed assets purchased and unpaid, included in accounts payable and accrued liabilities$704,463
    2023operating right-of-use assets obtained in exchange for right-of-use liabilities$17,621,018
    2023non-cash impact on lease modifications$1,124,755
    2023non-cash impact of net$1,113,144
    2023other assets$3,098,552
    2023operating cash-flow change, net of businesses acquired: accounts and notes receivable, trade-$715,354
    2023operating cash-flow change, net of businesses acquired: other long-term liabilities-$538,612
    2023depreciation and amortization$4,536,793
    2023total liabilities and member's equity$475,872,065
    2023lease liabilities, less current portion$54,252,528
    2023operating income$21,439,871
    2023accrued liabilities$12,803,617
    2023operating cash-flow change, net of businesses acquired: accounts payable-$353,661
    2023current portion of notes receivable - net$66,427
    2023total revenues$72,355,048
    2023total other income, net$72,208
    2023operating cash-flow change, net of businesses acquired: accrued liabilities$4,598,741
    2023total member's equity$367,557,905
    2023operating cash-flow change, net of businesses acquired: other assets-$817,899
    2023retained earnings$69,958,770
    2023foreign currency exchange$8,040
    2023operating cash-flow change, net of businesses acquired: amount due to/from affiliate-$494,880
    2023operating cash-flow change, net of businesses acquired: deferred revenue-$753,097
    2023operating cash-flow change, net of businesses acquired: prepaid expenses$635,960
    2023other income/(expenses) interest income$64,168
    2023operating cash-flow change, net of businesses acquired: income taxes payable$3,038,140
    2023net decrease in cash and cash equivalents-$3,819,367
    2023total costs and expenses$50,915,177
    2023net cash provided/(used) in financing activities-$18,984,561

    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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    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. 81 · 2026 FDD

      Our summary: Table1 U.S. Franchised Outlets 2024 start

      “2024 212 222 + 10”

      Note: Item 20 claim is state/geography-specific or not a national/systemwide Total row; it cannot be verified under the required scope.

    Independent analysis of franchisor-provided data. Not investment advice. Franopolis does not distribute FDDs.