CARSTAR
Franchise research report · reviewed 2025 disclosure data
Researching CARSTAR franchise opportunities? Every figure below is cited to the FDD.
CARSTAR franchise specializes in collision repair services, operating as North America's largest network of independently owned auto body shops.
Headline figures
Quick facts
- How much does it cost to open a CARSTAR franchise?
- The CARSTAR Franchise Disclosure Document reports separate estimated initial investments by format: $23,500–$165,300 for conversion only (total estimated initial investment for a conversion carstar facility: $23,500 to $165,300.) (2025 FDD, Item 7, PDF p. 38); $298,200–$804,300 for total estimated initial investment for a new carstar facility: $298,200 to $804,300. (2025 FDD, Item 7, PDF p. 40). These formats are not combined. Each is the franchisor's disclosed estimate, not a quote. Details
- Does CARSTAR disclose financial performance (Item 19)?
- Yes. The CARSTAR FDD includes an Item 19 financial performance representation (2025 FDD, Item 19, PDF p. 78). Figures apply only to the locations and period each one covers. Details
From reviewed FDD figures only. Not a recommendation or projection.
What the disclosures show
- 1The 2025 FDD (Item 7) estimates opening costs separately by format: $23,500 – $165,300 (Total Estimated Initial Investment for a Conversion CARSTAR Facility: $23,500 to $165,300.); $298,200 – $804,300 (Total Estimated Initial Investment for a New CARSTAR Facility: $298,200 to $804,300.); several initial fee options apply.
- 2Item 19 covers 19 separate groups: other measures for 198 franchisee-operated locations; other measures for 199 franchisee-operated locations; other measures for 30 franchisee-operated locations; other measures for 397 franchisee-operated locations; other measures for 26 franchisee-operated locations; other measures for 59 franchisee-operated locations; other measures for 44 franchisee-operated locations; other measures for 30 franchisee-operated locations; other measures for 44 franchisee-operated locations; other measures for 199 franchisee-operated locations; other measures for 20 franchisee-operated locations; other measures for 20 franchisee-operated locations; other measures for 41 franchisee-operated locations; other measures for 34 franchisee-operated locations; other measures for 26 franchisee-operated locations; other measures for 25 franchisee-operated locations; other measures for 34 franchisee-operated locations; other measures for 25 franchisee-operated locations; other measures for 198 franchisee-operated locations. They are not combined.
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
2025 FDD · Item 7
Formats disclosed in Item 7 (2)
Each format has its own total. The total depends on the format you choose.
- Total Estimated Initial Investment for a Conversion CARSTAR Facility: $23,500 to $165,300.PDF p. 38$23,500 – $165,300
- Total Estimated Initial Investment for a New CARSTAR Facility: $298,200 to $804,300.PDF p. 40$298,200 – $804,300
Ongoing Fees — Item 6
Selected recurring charges; payment bases and conditions remain attached to each fee.
25 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?
19 separate populations, shown apart. Revenue is not owner income.
Locations counted: not stated in the reviewed record
Other measures · 198 locations
- Who is counted
- CARSTAR franchised facilities, Bottom 50% by 2024 average Gross Sales
- Period
- CARSTAR Facility Count
- Excluded
- 48 opened in FY2024, 26 missing one or more months of Gross Sales data, and 32 closed in FY2024 excluded from the 397 included facilities
Locations counted: not stated in the reviewed record
Other measures · 199 locations
- Who is counted
- CARSTAR franchised facilities, Top 50% by 2024 average Gross Sales
- Period
- CARSTAR Facility Count
- Excluded
- 48 opened in FY2024, 26 missing one or more months of Gross Sales data, and 32 closed in FY2024 excluded from the 397 included facilities
Locations counted: not stated in the reviewed record
Other measures · 30 locations
- Who is counted
- Part B franchisee-operated facilities converting existing repair businesses; FY 2020 openings cohort
- Period
- FY 2020 Openings
- Excluded
- Part B excludes 26 facilities: 6 closed after under 12 months, 6 lacked full first-year Gross Sales data, and 14 did not submit one or more months of Gross Sales data.
- Method
- Month 1 Run Rate is average first full month gross sales multiplied by 12.
Locations counted: not stated in the reviewed record
Other measures · 397 locations
- Who is counted
- CARSTAR franchised facilities included in Part A, all facilities
- Period
- Gross Sales
- Excluded
- 48 opened in FY2024, 26 missing one or more months of Gross Sales data, and 32 closed in FY2024 excluded
Locations counted: not stated in the reviewed record
Other measures · 26 locations
- Who is counted
- Part B franchisee-operated facilities converting existing repair businesses; FY 2020 openings cohort
- Period
- FY 2020 Openings
- Excluded
- Part B excludes 26 facilities: 6 closed after under 12 months, 6 lacked full first-year Gross Sales data, and 14 did not submit one or more months of Gross Sales data.
Locations counted: not stated in the reviewed record
Other measures · 59 locations
- Who is counted
- Part B franchisee-operated facilities converting existing repair businesses; FY 2021 Openings cohort
- Period
- FY 2021 Openings
- Excluded
- Part B excludes 26 facilities: 6 closed after under 12 months, 6 lacked full first-year Gross Sales data, and 14 did not submit one or more months of Gross Sales data.
Locations counted: not stated in the reviewed record
Other measures · 44 locations
- Who is counted
- Part B franchisee-operated facilities converting existing repair businesses; FY 2022 Openings cohort
- Period
- FY 2022 Openings
- Excluded
- Part B excludes 26 facilities: 6 closed after under 12 months, 6 lacked full first-year Gross Sales data, and 14 did not submit one or more months of Gross Sales data.
Locations counted: not stated in the reviewed record
Other measures · 30 locations
- Who is counted
- Part B franchisee-operated facilities converting existing repair businesses; FY 2020 Openings cohort
- Period
- FY 2020 Openings
- Excluded
- Part B excludes 26 facilities: 6 closed after under 12 months, 6 lacked full first-year Gross Sales data, and 14 did not submit one or more months of Gross Sales data.
- Method
- Month 1 Run Rate is average first full month gross sales multiplied by 12.
Locations counted: not stated in the reviewed record
Other measures · 44 locations
- Who is counted
- Part B franchisee-operated facilities converting existing repair businesses; FY 2022 openings cohort
- Period
- FY 2022 Openings
- Excluded
- Part B excludes 26 facilities: 6 closed after under 12 months, 6 lacked full first-year Gross Sales data, and 14 did not submit one or more months of Gross Sales data.
- Method
- Month 1 Run Rate is average first full month gross sales multiplied by 12.
Locations counted: not stated in the reviewed record
Other measures · 199 locations
- Who is counted
- 397 franchised CARSTAR Facilities; bottom and top groups separated by average Gross Sales, 2024 Fiscal Year
- Period
- Percent met/exceeded average
- Excluded
- 48 opened during FY2024; 26 lacked one or more months of Gross Sales data; 32 closed during FY2024.
Locations counted: not stated in the reviewed record
Other measures · 20 locations
- Who is counted
- Part B franchisee-operated facilities converting existing repair businesses; FY 2020 openings cohort
- Period
- FY 2020 Openings
- Excluded
- Part B excludes 26 facilities: 6 closed after under 12 months, 6 lacked full first-year Gross Sales data, and 14 did not submit one or more months of Gross Sales data.
Locations counted: not stated in the reviewed record
Other measures · 20 locations
- Who is counted
- Part B franchisee-operated facilities converting existing repair businesses; FY 2020 Openings cohort
- Period
- FY 2020 Openings
- Excluded
- Part B excludes 26 facilities: 6 closed after under 12 months, 6 lacked full first-year Gross Sales data, and 14 did not submit one or more months of Gross Sales data.
- Method
- Month 1 Run Rate is average first full month gross sales multiplied by 12.
Locations counted: not stated in the reviewed record
Other measures · 41 locations
- Who is counted
- Part B franchisee-operated facilities converting existing repair businesses; FY 2021 Openings cohort
- Period
- FY 2021 Openings
- Excluded
- Part B excludes 26 facilities: 6 closed after under 12 months, 6 lacked full first-year Gross Sales data, and 14 did not submit one or more months of Gross Sales data.
- Method
- Month 1 Run Rate is average first full month gross sales multiplied by 12.
Locations counted: not stated in the reviewed record
Other measures · 34 locations
- Who is counted
- Part B franchisee-operated facilities converting existing repair businesses; FY 2022 Openings cohort
- Period
- FY 2022 Openings
- Excluded
- Part B excludes 26 facilities: 6 closed after under 12 months, 6 lacked full first-year Gross Sales data, and 14 did not submit one or more months of Gross Sales data.
- Method
- Month 1 Run Rate is average first full month gross sales multiplied by 12.
Locations counted: not stated in the reviewed record
Other measures · 26 locations
- Who is counted
- Part B franchisee-operated facilities converting existing repair businesses; FY 2020 Openings cohort
- Period
- FY 2020 Openings
- Excluded
- Part B excludes 26 facilities: 6 closed after under 12 months, 6 lacked full first-year Gross Sales data, and 14 did not submit one or more months of Gross Sales data.
- Method
- Month 1 Run Rate is average first full month gross sales multiplied by 12.
Locations counted: not stated in the reviewed record
Other measures · 25 locations
- Who is counted
- Part B franchisee-operated facilities converting existing repair businesses; FY 2023 Openings cohort
- Period
- FY 2023 Openings
- Excluded
- Part B excludes 26 facilities: 6 closed after under 12 months, 6 lacked full first-year Gross Sales data, and 14 did not submit one or more months of Gross Sales data.
Locations counted: not stated in the reviewed record
Other measures · 34 locations
- Who is counted
- Part B franchisee-operated facilities converting existing repair businesses; FY 2022 openings cohort
- Period
- FY 2022 Openings
- Excluded
- Part B excludes 26 facilities: 6 closed after under 12 months, 6 lacked full first-year Gross Sales data, and 14 did not submit one or more months of Gross Sales data.
Locations counted: not stated in the reviewed record
Other measures · 25 locations
- Who is counted
- CARSTAR franchisee-converted existing repair businesses; FY 2023 Openings cohort
- Period
- FY 2023 Openings
- Excluded
- Part B excludes 26 facilities: 6 closed after under 12 months, 6 lacked full first-year Gross Sales data, and 14 did not submit one or more months of Gross Sales data.
- Method
- Month 1 Run Rate is average first full month gross sales multiplied by 12.
Locations counted: not stated in the reviewed record
Other measures · 198 locations
- Who is counted
- 397 franchised CARSTAR Facilities; bottom and top groups separated by average Gross Sales, 2024 Fiscal Year
- Period
- Percent met/exceeded average
- Excluded
- 48 opened during FY2024; 26 lacked one or more months of Gross Sales data; 32 closed during FY2024.
These groups are never combined.
Outlet Changes — Item 20
How has the outlet count changed?
Coverage not stated in the reviewed record · counts as of year end of each year.
2025 FDD · Item 20 ·
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 2025 Item 7 estimate ($23,500 – $804,300) 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?
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 (2025 FDD)
- [1]Item 19 — Locations counted not stated in the reviewed record — CARSTAR franchised facilities, Bottom 50% by 2024 average Gross Sales · PDF p. 78
- [2]Item 19 — Locations counted not stated in the reviewed record — CARSTAR franchised facilities, Top 50% by 2024 average Gross Sales · PDF p. 78
- [3]Item 19 — Locations counted not stated in the reviewed record — Part B franchisee-operated facilities converting existing repair businesses; FY… · PDF p. 80
- [4]Item 19 — Locations counted not stated in the reviewed record — CARSTAR franchised facilities included in Part A, all facilities · PDF p. 78
- [5]Item 19 — Locations counted not stated in the reviewed record — Part B franchisee-operated facilities converting existing repair businesses; FY… · PDF p. 80
- [6]Item 19 — Locations counted not stated in the reviewed record — Part B franchisee-operated facilities converting existing repair businesses; FY… · PDF p. 80
- [7]Item 19 — Locations counted not stated in the reviewed record — Part B franchisee-operated facilities converting existing repair businesses; FY… · PDF p. 80
- [8]Item 19 — Locations counted not stated in the reviewed record — Part B franchisee-operated facilities converting existing repair businesses; FY… · PDF p. 80
- [9]Item 19 — Locations counted not stated in the reviewed record — Part B franchisee-operated facilities converting existing repair businesses; FY… · PDF p. 80
- [10]Item 19 — Locations counted not stated in the reviewed record — 397 franchised CARSTAR Facilities; bottom and top groups separated by average G… · PDF p. 78
- [11]Item 19 — Locations counted not stated in the reviewed record — Part B franchisee-operated facilities converting existing repair businesses; FY… · PDF p. 80
- [12]Item 19 — Locations counted not stated in the reviewed record — Part B franchisee-operated facilities converting existing repair businesses; FY… · PDF p. 80
- [13]Item 19 — Locations counted not stated in the reviewed record — Part B franchisee-operated facilities converting existing repair businesses; FY… · PDF p. 80
- [14]Item 19 — Locations counted not stated in the reviewed record — Part B franchisee-operated facilities converting existing repair businesses; FY… · PDF p. 80
- [15]Item 19 — Locations counted not stated in the reviewed record — Part B franchisee-operated facilities converting existing repair businesses; FY… · PDF p. 80
- [16]Item 19 — Locations counted not stated in the reviewed record — Part B franchisee-operated facilities converting existing repair businesses; FY… · PDF p. 80
- [17]Item 19 — Locations counted not stated in the reviewed record — Part B franchisee-operated facilities converting existing repair businesses; FY… · PDF p. 80
- [18]Item 19 — Locations counted not stated in the reviewed record — CARSTAR franchisee-converted existing repair businesses; FY 2023 Openings cohort · PDF p. 80
- [19]Item 19 — Locations counted not stated in the reviewed record — 397 franchised CARSTAR Facilities; bottom and top groups separated by average G… · PDF p. 78
"PDF p." is the page in the PDF file; "printed p." is the number printed on the FDD page. Source document: FDD
Territory & operations
491 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
No verified franchisor financial statement figures have been reviewed yet.
SBA-backed loans to franchisees
Loading…
Source: U.S. Small Business Administration 7(a) & 504 FOIA data. Loan volume is not a measure of franchisee success.
Related research
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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 20 · PDF p. 85 · 2025 FDD
Our summary: Table 3 — Alabama terminations (2024)
“Alabama 2022 0 1 0 0 0 0 1 2023 1 0 0 0 0 0 1 2024 1 0 1 0 0 0 0”
Note: The cited Item 20 claim is a state-specific outlet row. This review permits only national/systemwide Total rows.
Item 20 · PDF p. 85 · 2025 FDD
Our summary: Table 3 — Alabama outlets at end of year (2022)
“Alabama 2022 0 1 0 0 0 0 1 2023 1 0 0 0 0 0 1 2024 1 0 1 0 0 0 0”
Note: The cited Item 20 claim is a state-specific transfer or outlet row. This review permits only national/systemwide Total rows.
Item 20 · PDF p. 85 · 2025 FDD
Our summary: Table 3 — Alabama outlets at start of year (2023)
“Alabama 2022 0 1 0 0 0 0 1 2023 1 0 0 0 0 0 1 2024 1 0 1 0 0 0 0”
Note: The cited Item 20 claim is a state-specific transfer or outlet row. This review permits only national/systemwide Total rows.
Item 20 · PDF p. 85 · 2025 FDD
Our summary: Table 3 — Arkansas outlets at end of year (2022)
“Arkansas 2022 5 3 1 0 0 0 7 2023 7 0 0 0 0 0 7 2024 7 2 4 0 0 0 9”
Note: The cited Item 20 claim is a state-specific outlet or transfer row. This review permits only national/systemwide Total rows.
Item 20 · PDF p. 85 · 2025 FDD
Our summary: Table 3 — Alabama outlets at end of year (2023)
“Alabama 2022 0 1 0 0 0 0 1 2023 1 0 0 0 0 0 1 2024 1 0 1 0 0 0 0”
Note: The cited Item 20 claim is a state-specific outlet row. This review permits only national/systemwide Total rows.
Item 20 · PDF p. 85 · 2025 FDD
Our summary: Table 3 — Arizona opened (2023)
“Arizona 2022 14 0 0 0 0 0 14 2023 14 1 0 0 0 0 15 2024 15 0 3 0 0 0 12”
Note: The cited Item 20 claim is a state-specific outlet row. This review permits only national/systemwide Total rows.
Item 20 · PDF p. 84 · 2025 FDD
Our summary: Table 2 — Washington transfers (2023)
“Washington 2022 17 2023 2 2024 1”
Note: The cited Item 20 claim is a state-specific transfer or outlet row. This review permits only national/systemwide Total rows.
Item 20 · PDF p. 84 · 2025 FDD
Our summary: Table 2 — Washington transfers (2022)
“Washington 2022 17 2023 2 2024 1”
Note: The cited Item 20 claim is a state-specific transfer or outlet row. This review permits only national/systemwide Total rows.
Item 20 · PDF p. 85 · 2025 FDD
Our summary: Table 3 — Arizona terminations (2024)
“Arizona 2022 14 0 0 0 0 0 14 2023 14 1 0 0 0 0 15 2024 15 0 3 0 0 0 12”
Note: The cited Item 20 claim is a state-specific outlet row. This review permits only national/systemwide Total rows.
Item 20 · PDF p. 85 · 2025 FDD
Our summary: Table 3 — Arizona outlets at start of year (2023)
“Arizona 2022 14 0 0 0 0 0 14 2023 14 1 0 0 0 0 15 2024 15 0 3 0 0 0 12”
Note: The cited Item 20 claim is a state-specific outlet row. This review permits only national/systemwide Total rows.
Item 20 · PDF p. 85 · 2025 FDD
Our summary: Table 3 — Arkansas outlets at start of year (2024)
“Arkansas 2022 5 3 1 0 0 0 7 2023 7 0 0 0 0 0 7 2024 7 2 4 0 0 0 9”
Note: The cited Item 20 claim is state-specific. This review permits only national/systemwide Total rows.
Item 20 · PDF p. 85 · 2025 FDD
Our summary: Table 3 — Arizona outlets at end of year (2023)
“Arizona 2022 14 0 0 0 0 0 14 2023 14 1 0 0 0 0 15 2024 15 0 3 0 0 0 12”
Note: The cited Item 20 claim is a state-specific outlet row. This review permits only national/systemwide Total rows.
Item 20 · PDF p. 85 · 2025 FDD
Our summary: Table 3 — Arkansas outlets at end of year (2024)
“Arkansas 2022 5 3 1 0 0 0 7 2023 7 0 0 0 0 0 7 2024 7 2 4 0 0 0 9”
Note: The cited Item 20 claim is state-specific. This review permits only national/systemwide Total rows.
Item 20 · PDF p. 85 · 2025 FDD
Our summary: Table 3 — Arizona outlets at end of year (2022)
“Arizona 2022 14 0 0 0 0 0 14 2023 14 1 0 0 0 0 15 2024 15 0 3 0 0 0 12”
Note: The cited Item 20 claim is a state-specific outlet row. This review permits only national/systemwide Total rows.
Item 20 · PDF p. 84 · 2025 FDD
Our summary: Table 2 — Texas transfers (2023)
“Texas 2022 0 2023 3 2024 1”
Note: The cited Item 20 claim is a state-specific transfer or outlet row. This review permits only national/systemwide Total rows.
Item 20 · PDF p. 85 · 2025 FDD
Our summary: Table 3 — Arkansas outlets at end of year (2023)
“Arkansas 2022 5 3 1 0 0 0 7 2023 7 0 0 0 0 0 7 2024 7 2 4 0 0 0 9”
Note: The cited Item 20 claim is a state-specific outlet or transfer row. This review permits only national/systemwide Total rows.
Item 20 · PDF p. 85 · 2025 FDD
Our summary: Table 3 — Arizona outlets at start of year (2024)
“Arizona 2022 14 0 0 0 0 0 14 2023 14 1 0 0 0 0 15 2024 15 0 3 0 0 0 12”
Note: The cited Item 20 claim is a state-specific outlet row. This review permits only national/systemwide Total rows.
Item 20 · PDF p. 85 · 2025 FDD
Our summary: Table 3 — Arkansas opened (2024)
“Arkansas 2022 5 3 1 0 0 0 7 2023 7 0 0 0 0 0 7 2024 7 2 4 0 0 0 9”
Note: The cited Item 20 claim is state-specific. This review permits only national/systemwide Total rows.
Item 20 · PDF p. 85 · 2025 FDD
Our summary: Table 3 — Arkansas opened (2022)
“Arkansas 2022 5 3 1 0 0 0 7 2023 7 0 0 0 0 0 7 2024 7 2 4 0 0 0 9”
Note: The cited Item 20 claim is a state-specific outlet or transfer row. This review permits only national/systemwide Total rows.
Item 20 · PDF p. 85 · 2025 FDD
Our summary: Table 3 — Arkansas terminations (2024)
“Arkansas 2022 5 3 1 0 0 0 7 2023 7 0 0 0 0 0 7 2024 7 2 4 0 0 0 9”
Note: The cited Item 20 claim is state-specific. This review permits only national/systemwide Total rows.
Item 20 · PDF p. 85 · 2025 FDD
Our summary: Table 3 — Alabama opened (2022)
“Alabama 2022 0 1 0 0 0 0 1 2023 1 0 0 0 0 0 1 2024 1 0 1 0 0 0 0”
Note: The cited Item 20 claim is a state-specific transfer or outlet row. This review permits only national/systemwide Total rows.
Item 20 · PDF p. 85 · 2025 FDD
Our summary: Table 3 — Arkansas outlets at start of year (2022)
“Arkansas 2022 5 3 1 0 0 0 7 2023 7 0 0 0 0 0 7 2024 7 2 4 0 0 0 9”
Note: The cited Item 20 claim is a state-specific outlet row. This review permits only national/systemwide Total rows.
Item 20 · PDF p. 85 · 2025 FDD
Our summary: Table 3 — Arkansas terminations (2022)
“Arkansas 2022 5 3 1 0 0 0 7 2023 7 0 0 0 0 0 7 2024 7 2 4 0 0 0 9”
Note: The cited Item 20 claim is a state-specific outlet or transfer row. This review permits only national/systemwide Total rows.
Item 20 · PDF p. 85 · 2025 FDD
Our summary: Table 3 — Arizona outlets at start of year (2022)
“Arizona 2022 14 0 0 0 0 0 14 2023 14 1 0 0 0 0 15 2024 15 0 3 0 0 0 12”
Note: The cited Item 20 claim is a state-specific outlet row. This review permits only national/systemwide Total rows.
Item 20 · PDF p. 85 · 2025 FDD
Our summary: Table 3 — Arkansas outlets at start of year (2023)
“Arkansas 2022 5 3 1 0 0 0 7 2023 7 0 0 0 0 0 7 2024 7 2 4 0 0 0 9”
Note: The cited Item 20 claim is a state-specific outlet or transfer row. This review permits only national/systemwide Total rows.
Item 20 · PDF p. 85 · 2025 FDD
Our summary: Table 3 — Arizona outlets at end of year (2024)
“Arizona 2022 14 0 0 0 0 0 14 2023 14 1 0 0 0 0 15 2024 15 0 3 0 0 0 12”
Note: The cited Item 20 claim is a state-specific outlet row. This review permits only national/systemwide Total rows.
Item 20 · PDF p. 84 · 2025 FDD
Our summary: Table 2 — Tennessee transfers (2023)
“Tennessee 2022 0 2023 0 2024 1”
Note: The cited Item 20 claim is a state-specific transfer or outlet row. This review permits only national/systemwide Total rows.
Item 20 · PDF p. 85 · 2025 FDD
Our summary: Table 3 — Alabama outlets at start of year (2024)
“Alabama 2022 0 1 0 0 0 0 1 2023 1 0 0 0 0 0 1 2024 1 0 1 0 0 0 0”
Note: The cited Item 20 claim is a state-specific outlet row. This review permits only national/systemwide Total rows.
Item 20 · PDF p. 84 · 2025 FDD
Our summary: Table 2 — Pennsylvania transfers (2022)
“Pennsylvania 2022 1 2023 0 2024 0”
Note: This is not a verifiable national/systemwide Total row for Item 20.
Independent analysis of franchisor-provided data. Not investment advice. Franopolis does not distribute FDDs.