Franopolis

    Freddy’s Frozen Custard & Steakburgers

    Franchise research report · reviewed 2026 disclosure data

    Researching Freddy’s Frozen Custard & Steakburgers franchise opportunities? Every figure below is cited to the FDD.

    Reviewed sources
    Franchising since
    2004
    Source: franchise.org
    Headquarters
    Wichita, KS United States
    Source: franchise.org

    Freddy's Frozen Custard & Steakburgers franchise specializes in freshly prepared steakburgers, crispy shoe string fries, and rich frozen custard with a nostalgi

    Headline figures

    Quick facts

    How much does it cost to open a Freddy’s Frozen Custard & Steakburgers franchise?
    The Freddy’s Frozen Custard & Steakburgers Franchise Disclosure Document reports separate estimated initial investments by format: $854,834–$2,802,000 for inline no-drive — total estimated initial investment 8 (2026 FDD, Item 7, PDF p. 19); $1,026,334–$2,802,000 for endcap drive — total estimated initial investment 8 (2026 FDD, Item 7, PDF p. 19); $1,586,334–$2,802,000 for standalone drive — total estimated initial investment 8 (2026 FDD, Item 7, PDF p. 19). These formats are not combined. Each is the franchisor's disclosed estimate, not a quote. Details
    What is the Freddy’s Frozen Custard & Steakburgers initial franchise fee?
    The disclosed initial franchise fee for a standard single unit is $35,000 (2026 FDD, Item 5, PDF p. 11). Other fee options (for example multi-unit or conversion) are listed separately in the report. Details
    What ongoing fees does Freddy’s Frozen Custard & Steakburgers charge?
    The disclosed ongoing royalty is $5 (2026 FDD, Item 6, PDF p. 13). The brand or advertising fund contribution is $3 (2026 FDD, Item 6, PDF p. 13). Other recurring fees are listed in Item 6. Details
    Does Freddy’s Frozen Custard & Steakburgers disclose financial performance (Item 19)?
    Yes. The Freddy’s Frozen Custard & Steakburgers FDD includes an Item 19 financial performance representation (2026 FDD, Item 19, PDF p. 46). Figures apply only to the locations and period each one covers. Details
    How many Freddy’s Frozen Custard & Steakburgers locations are there?
    The FDD reports 1,160 outlets at the end of 2025 (2026 FDD, Item 20, PDF p. 58). 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: $854,834 – $2,802,000 (Inline no-drive — TOTAL ESTIMATED INITIAL INVESTMENT 8); $1,026,334 – $2,802,000 (Endcap drive — TOTAL ESTIMATED INITIAL INVESTMENT 8); $1,586,334 – $2,802,000 (Standalone drive — TOTAL ESTIMATED INITIAL INVESTMENT 8); several initial fee options apply.
    2. 2Item 19 covers 76 separate groups: other measures for 3 Company-owned locations; other measures for 4 Company-owned locations; other measures for 28 Company-owned locations; other measures for 35 Company-owned locations; other measures for 39 Franchised locations; other measures for 3 Franchised locations; other measures for 435 Franchised locations; other measures for 477 Franchised locations; other measures for 512 Company35 andfranchise477 locations; other measures for 128 System locations; other measures for 128 System locations; other measures for 128 System locations; other measures for 128 System locations; other measures for 119 Franchised locations; other measures for 512 System locations; other measures for 119 Franchised locations; other measures for 119 Franchised locations; other measures for 120 Franchised locations; other measures for 477 Franchised locations; other measures for 9 Company-owned locations; other measures for 9 Company-owned locations; other measures for 9 Company-owned locations; other measures for 8 Company-owned locations; other measures for 35 Company-owned locations; adjusted operating results for 35 Company-owned Midwest locations; other measures and costs and EBITDA for 42 Franchise locations; other measures and EBITDA and costs for 42 Franchise locations; other measures and costs and EBITDA for 42 Franchise locations; other measures and costs and EBITDA for 42 Franchise locations; other measures and costs and EBITDA for 42 Franchise locations; other measures and costs and EBITDA for 42 Franchise locations; other measures and costs and EBITDA for 42 Franchise locations; other measures and costs and EBITDA for 42 Franchise locations; other measures and EBITDA and costs for 42 Franchise locations; other measures and costs and EBITDA for 42 Franchise locations; other measures and costs and EBITDA for 42 Franchise locations; other measures and costs and EBITDA for 42 Franchise locations; other measures and costs and EBITDA for 42 Franchise locations; other measures and costs and EBITDA for 42 Franchise locations; other measures and costs and EBITDA for 42 Franchise locations; other measures and costs and EBITDA for 42 Franchise locations; other measures and costs and EBITDA for 42 Franchise locations; other measures and costs and EBITDA for 42 Franchise locations; other measures and costs and EBITDA for 42 Franchise locations; other measures and EBITDA and costs for 42 Franchise locations; other measures and costs and EBITDA for 42 Franchise locations; other measures and EBITDA and costs for 42 Franchise locations; other measures and costs and EBITDA for 42 Franchise locations; other measures and costs and EBITDA for 42 Franchise locations; other measures and costs and EBITDA for 42 Franchise locations; other measures and costs and EBITDA for 42 Franchise locations; other measures and costs and EBITDA for 42 Franchise locations; other measures and costs and EBITDA for 42 Franchise locations; other measures and costs and EBITDA for 42 Franchise locations; other measures and costs and EBITDA for 42 Franchise locations; other measures and costs and EBITDA for 42 Franchise locations; other measures and EBITDA and costs for 42 Franchise locations; other measures and costs and EBITDA for 42 Franchise locations; other measures and costs and EBITDA for 42 Franchise locations; other measures and EBITDA and costs for 42 Franchise locations; other measures and costs and EBITDA for 42 Franchise locations; other measures and costs and EBITDA for 42 Franchise locations; other measures and costs and EBITDA for 42 Franchise locations; other measures and costs and EBITDA for 42 Franchise locations; other measures and costs and EBITDA for 42 Franchise locations; other measures and costs and EBITDA for 42 Franchise locations; other measures and costs and EBITDA for 42 Franchise locations; other measures and costs and EBITDA for 7 Company locations; other measures and costs and EBITDA for 7 Company locations; other measures and costs and EBITDA for 7 Company locations; other measures and costs and EBITDA for 7 Company locations; other measures and costs and EBITDA for 7 Company locations; other measures and costs and EBITDA for 7 Company locations; other measures and EBITDA and costs for 7 Company locations; other measures and costs and EBITDA and revenue for 42 Franchised locations; revenue and other measures and costs and EBITDA for 7 Company locations. They are not combined.
    3. 3Outlets grew by 60 in 2025, to 1,160 (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.

    • Inline no-drive — TOTAL ESTIMATED INITIAL INVESTMENT 8PDF p. 19$854,834 – $2,802,000
    • Endcap drive — TOTAL ESTIMATED INITIAL INVESTMENT 8PDF p. 19$1,026,334 – $2,802,000
    • Standalone drive — TOTAL ESTIMATED INITIAL INVESTMENT 8PDF p. 19$1,586,334 – $2,802,000

    Standard single-unit franchise fee

    2026 FDD · Item 5 · PDF p. 11
    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 GrossReceiptsMain ongoing fee

    28 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?

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

    Locations counted: not stated in the reviewed record

    Other measures · 3 locations

    Who is counted
    Company-owned Endcap
    Period
    Endcap
    Excluded
    Two companypartialyear,43franchisepartialyear(42openings1firetemporary),19franchiseclosures,23nontraditional(1company22franchise) excluded; narrativefranchise475 vs477tables retained.
    Method
    CompanyGAAP unaudited; franchiseroyaltyfinancialreports unverified/unaudited. Grossreceipts includesuncollected,vending,businessinterruption;excludestax,loyaltypoints. SeasonalityApr–Octhigher. Nooverallprofitguarantee.

    Locations counted: not stated in the reviewed record

    Other measures · 4 locations

    Who is counted
    Company-owned Inline
    Period
    Inline
    Excluded
    Two companypartialyear,43franchisepartialyear(42openings1firetemporary),19franchiseclosures,23nontraditional(1company22franchise) excluded; narrativefranchise475 vs477tables retained.
    Method
    CompanyGAAP unaudited; franchiseroyaltyfinancialreports unverified/unaudited. Grossreceipts includesuncollected,vending,businessinterruption;excludestax,loyaltypoints. SeasonalityApr–Octhigher. Nooverallprofitguarantee.

    Locations counted: not stated in the reviewed record

    Other measures · 28 locations

    Who is counted
    Company-owned Standalone
    Period
    Standalone
    Excluded
    Two companypartialyear,43franchisepartialyear(42openings1firetemporary),19franchiseclosures,23nontraditional(1company22franchise) excluded; narrativefranchise475 vs477tables retained.
    Method
    CompanyGAAP unaudited; franchiseroyaltyfinancialreports unverified/unaudited. Grossreceipts includesuncollected,vending,businessinterruption;excludestax,loyaltypoints. SeasonalityApr–Octhigher. Nooverallprofitguarantee.

    Locations counted: not stated in the reviewed record

    Other measures · 35 locations

    Who is counted
    Company-owned All
    Period
    All
    Excluded
    Two companypartialyear,43franchisepartialyear(42openings1firetemporary),19franchiseclosures,23nontraditional(1company22franchise) excluded; narrativefranchise475 vs477tables retained.
    Method
    CompanyGAAP unaudited; franchiseroyaltyfinancialreports unverified/unaudited. Grossreceipts includesuncollected,vending,businessinterruption;excludestax,loyaltypoints. SeasonalityApr–Octhigher. Nooverallprofitguarantee.

    Locations counted: not stated in the reviewed record

    Other measures · 39 locations

    Who is counted
    Franchised Endcap
    Period
    Endcap
    Excluded
    Two companypartialyear,43franchisepartialyear(42openings1firetemporary),19franchiseclosures,23nontraditional(1company22franchise) excluded; narrativefranchise475 vs477tables retained.
    Method
    CompanyGAAP unaudited; franchiseroyaltyfinancialreports unverified/unaudited. Grossreceipts includesuncollected,vending,businessinterruption;excludestax,loyaltypoints. SeasonalityApr–Octhigher. Nooverallprofitguarantee.

    Locations counted: not stated in the reviewed record

    Other measures · 3 locations

    Who is counted
    Franchised Inline
    Period
    Inline
    Excluded
    Two companypartialyear,43franchisepartialyear(42openings1firetemporary),19franchiseclosures,23nontraditional(1company22franchise) excluded; narrativefranchise475 vs477tables retained.
    Method
    CompanyGAAP unaudited; franchiseroyaltyfinancialreports unverified/unaudited. Grossreceipts includesuncollected,vending,businessinterruption;excludestax,loyaltypoints. SeasonalityApr–Octhigher. Nooverallprofitguarantee.

    Locations counted: not stated in the reviewed record

    Other measures · 435 locations

    Who is counted
    Franchised Standalone
    Period
    Standalone
    Excluded
    Two companypartialyear,43franchisepartialyear(42openings1firetemporary),19franchiseclosures,23nontraditional(1company22franchise) excluded; narrativefranchise475 vs477tables retained.
    Method
    CompanyGAAP unaudited; franchiseroyaltyfinancialreports unverified/unaudited. Grossreceipts includesuncollected,vending,businessinterruption;excludestax,loyaltypoints. SeasonalityApr–Octhigher. Nooverallprofitguarantee.

    Locations counted: not stated in the reviewed record

    Other measures · 477 locations

    Who is counted
    Franchised All
    Period
    All
    Excluded
    Two companypartialyear,43franchisepartialyear(42openings1firetemporary),19franchiseclosures,23nontraditional(1company22franchise) excluded; narrativefranchise475 vs477tables retained.
    Method
    CompanyGAAP unaudited; franchiseroyaltyfinancialreports unverified/unaudited. Grossreceipts includesuncollected,vending,businessinterruption;excludestax,loyaltypoints. SeasonalityApr–Octhigher. Nooverallprofitguarantee.

    Locations counted: not stated in the reviewed record

    Other measures · 512 locations

    Who is counted
    Allsystem
    Excluded
    Partialyears,closures,nontraditionalexcluded; narrative475franchise vs477tables.
    Method
    Unaudited; companyGAAP, franchiseesreportednotverified. Grossallrevenuesinclbusinessinterruptionexcludestax/loyaltypoints; quartiles sourcegrouped. Sourcecontradictions notadjusted.

    Locations counted: not stated in the reviewed record

    Other measures · 128 locations

    Who is counted
    System Topquartile
    Period
    Average
    Excluded
    Partialyears,closures,nontraditionalexcluded; narrative475franchise vs477tables.
    Method
    Unaudited; companyGAAP, franchiseesreportednotverified. Grossallrevenuesinclbusinessinterruptionexcludestax/loyaltypoints; quartiles sourcegrouped. Sourcecontradictions notadjusted.

    Locations counted: not stated in the reviewed record

    Other measures · 128 locations

    Who is counted
    System 2ndquartile
    Period
    Low
    Excluded
    Partialyears,closures,nontraditionalexcluded; narrative475franchise vs477tables.
    Method
    Unaudited; companyGAAP, franchiseesreportednotverified. Grossallrevenuesinclbusinessinterruptionexcludestax/loyaltypoints; quartiles sourcegrouped. Sourcecontradictions notadjusted.

    Locations counted: not stated in the reviewed record

    Other measures · 128 locations

    Who is counted
    System 3rdquartile
    Period
    Sample
    Excluded
    Partialyears,closures,nontraditionalexcluded; narrative475franchise vs477tables.
    Method
    Unaudited; companyGAAP, franchiseesreportednotverified. Grossallrevenuesinclbusinessinterruptionexcludestax/loyaltypoints; quartiles sourcegrouped. Sourcecontradictions notadjusted.

    Locations counted: not stated in the reviewed record

    Other measures · 128 locations

    Who is counted
    System Bottomquartile
    Period
    Sample
    Excluded
    Partialyears,closures,nontraditionalexcluded; narrative475franchise vs477tables.
    Method
    Unaudited; companyGAAP, franchiseesreportednotverified. Grossallrevenuesinclbusinessinterruptionexcludestax/loyaltypoints; quartiles sourcegrouped. Sourcecontradictions notadjusted.

    Locations counted: not stated in the reviewed record

    Other measures · 119 locations

    Who is counted
    Franchised Topquartile
    Period
    Sample
    Excluded
    Partialyears,closures,nontraditionalexcluded; narrative475franchise vs477tables.
    Method
    Unaudited; companyGAAP, franchiseesreportednotverified. Grossallrevenuesinclbusinessinterruptionexcludestax/loyaltypoints; quartiles sourcegrouped. Sourcecontradictions notadjusted.

    Locations counted: not stated in the reviewed record

    Other measures · 512 locations

    Who is counted
    System Totalquartile
    Period
    Average
    Excluded
    Partialyears,closures,nontraditionalexcluded; narrative475franchise vs477tables.
    Method
    Unaudited; companyGAAP, franchiseesreportednotverified. Grossallrevenuesinclbusinessinterruptionexcludestax/loyaltypoints; quartiles sourcegrouped. Sourcecontradictions notadjusted.

    Locations counted: not stated in the reviewed record

    Other measures · 119 locations

    Who is counted
    Franchised 2ndquartile
    Period
    Sample
    Excluded
    Partialyears,closures,nontraditionalexcluded; narrative475franchise vs477tables.
    Method
    Unaudited; companyGAAP, franchiseesreportednotverified. Grossallrevenuesinclbusinessinterruptionexcludestax/loyaltypoints; quartiles sourcegrouped. Sourcecontradictions notadjusted.

    Locations counted: not stated in the reviewed record

    Other measures · 119 locations

    Who is counted
    Franchised 3rdquartile
    Period
    Sample
    Excluded
    Partialyears,closures,nontraditionalexcluded; narrative475franchise vs477tables.
    Method
    Unaudited; companyGAAP, franchiseesreportednotverified. Grossallrevenuesinclbusinessinterruptionexcludestax/loyaltypoints; quartiles sourcegrouped. Sourcecontradictions notadjusted.

    Locations counted: not stated in the reviewed record

    Other measures · 120 locations

    Who is counted
    Franchised Bottomquartile
    Period
    Sample
    Excluded
    Partialyears,closures,nontraditionalexcluded; narrative475franchise vs477tables.
    Method
    Unaudited; companyGAAP, franchiseesreportednotverified. Grossallrevenuesinclbusinessinterruptionexcludestax/loyaltypoints; quartiles sourcegrouped. Sourcecontradictions notadjusted.

    Locations counted: not stated in the reviewed record

    Other measures · 477 locations

    Who is counted
    Franchised Totalquartile
    Period
    Median
    Excluded
    Partialyears,closures,nontraditionalexcluded; narrative475franchise vs477tables.
    Method
    Unaudited; companyGAAP, franchiseesreportednotverified. Grossallrevenuesinclbusinessinterruptionexcludestax/loyaltypoints; quartiles sourcegrouped. Sourcecontradictions notadjusted.

    Locations counted: not stated in the reviewed record

    Other measures · 9 locations

    Who is counted
    Company-owned Topquartile
    Period
    Average
    Excluded
    Partialyears,closures,nontraditionalexcluded; narrative475franchise vs477tables.
    Method
    Unaudited; companyGAAP, franchiseesreportednotverified. Grossallrevenuesinclbusinessinterruptionexcludestax/loyaltypoints; quartiles sourcegrouped. Sourcecontradictions notadjusted.

    Locations counted: not stated in the reviewed record

    Other measures · 9 locations

    Who is counted
    Company-owned 2ndquartile
    Period
    Sample
    Excluded
    Partialyears,closures,nontraditionalexcluded; narrative475franchise vs477tables.
    Method
    Unaudited; companyGAAP, franchiseesreportednotverified. Grossallrevenuesinclbusinessinterruptionexcludestax/loyaltypoints; quartiles sourcegrouped. Sourcecontradictions notadjusted.

    Locations counted: not stated in the reviewed record

    Other measures · 9 locations

    Who is counted
    Company-owned 3rdquartile
    Period
    Sample
    Excluded
    Partialyears,closures,nontraditionalexcluded; narrative475franchise vs477tables.
    Method
    Unaudited; companyGAAP, franchiseesreportednotverified. Grossallrevenuesinclbusinessinterruptionexcludestax/loyaltypoints; quartiles sourcegrouped. Sourcecontradictions notadjusted.

    Locations counted: not stated in the reviewed record

    Other measures · 8 locations

    Who is counted
    Company-owned Bottomquartile
    Period
    Sample
    Excluded
    Partialyears,closures,nontraditionalexcluded; narrative475franchise vs477tables.
    Method
    Unaudited; companyGAAP, franchiseesreportednotverified. Grossallrevenuesinclbusinessinterruptionexcludestax/loyaltypoints; quartiles sourcegrouped. Sourcecontradictions notadjusted.

    Locations counted: not stated in the reviewed record

    Other measures · 35 locations

    Who is counted
    Company-owned Totalquartile
    Period
    Average
    Excluded
    Partialyears,closures,nontraditionalexcluded; narrative475franchise vs477tables.
    Method
    Unaudited; companyGAAP, franchiseesreportednotverified. Grossallrevenuesinclbusinessinterruptionexcludestax/loyaltypoints; quartiles sourcegrouped. Sourcecontradictions notadjusted.

    Locations counted: not stated in the reviewed record

    Adjusted operating results · 35 locations

    Adjusted company-owned results: the franchisor adjusted these centers' expenses to estimate franchisee costs. They are not observed franchisee results or owner take-home income.

    Who is counted
    Company35fullyear
    Excluded
    Two partialyear andone nontraditional excluded; nobenefitsownerpay/area manager costs.
    Method
    Unaudited; companyGAAP, franchiseesreportednotverified. Grossallrevenuesinclbusinessinterruptionexcludestax/loyaltypoints; quartiles sourcegrouped. Sourcecontradictions notadjusted.

    Locations counted: not stated in the reviewed record

    Costs, EBITDA and other measures · 42 locations

    Who is counted
    Franchise endcap/inline anonymousrestaurant1
    Excluded
    42franchise7companysubsetendcap/inline. Narrative45franchise8company, excludes2franchise2companypartialyear14franchisemissingreports, unaltered.
    Method
    Unaudited P&L franchiseprovided/companyGAAP. COGSfoodbeveragepaperplastic; laborbenefits salariespayrolltaxhealthpensionandincentives excludesowner/abovestore. Controllablemaintenanceutilitiesbankfeesrentalequipment; noncontrollablerentinsurancefeesdelivery; othermarketinginterestroyaltydeferredbonuses. EBITDA4wall excludesaboveRestaurant; excludesnonrecurringopeningcosts. CompanyMidwestcosts maydiffer.

    Locations counted: not stated in the reviewed record

    EBITDA, costs and other measures · 42 locations

    Who is counted
    Franchise endcap/inline anonymousrestaurant2
    Excluded
    42franchise7companysubsetendcap/inline. Narrative45franchise8company, excludes2franchise2companypartialyear14franchisemissingreports, unaltered.
    Method
    Unaudited P&L franchiseprovided/companyGAAP. COGSfoodbeveragepaperplastic; laborbenefits salariespayrolltaxhealthpensionandincentives excludesowner/abovestore. Controllablemaintenanceutilitiesbankfeesrentalequipment; noncontrollablerentinsurancefeesdelivery; othermarketinginterestroyaltydeferredbonuses. EBITDA4wall excludesaboveRestaurant; excludesnonrecurringopeningcosts. CompanyMidwestcosts maydiffer.

    Locations counted: not stated in the reviewed record

    Costs, EBITDA and other measures · 42 locations

    Who is counted
    Franchise endcap/inline anonymousrestaurant3
    Excluded
    42franchise7companysubsetendcap/inline. Narrative45franchise8company, excludes2franchise2companypartialyear14franchisemissingreports, unaltered.
    Method
    Unaudited P&L franchiseprovided/companyGAAP. COGSfoodbeveragepaperplastic; laborbenefits salariespayrolltaxhealthpensionandincentives excludesowner/abovestore. Controllablemaintenanceutilitiesbankfeesrentalequipment; noncontrollablerentinsurancefeesdelivery; othermarketinginterestroyaltydeferredbonuses. EBITDA4wall excludesaboveRestaurant; excludesnonrecurringopeningcosts. CompanyMidwestcosts maydiffer.

    Locations counted: not stated in the reviewed record

    Costs, EBITDA and other measures · 42 locations

    Who is counted
    Franchise endcap/inline anonymousrestaurant4
    Excluded
    42franchise7companysubsetendcap/inline. Narrative45franchise8company, excludes2franchise2companypartialyear14franchisemissingreports, unaltered.
    Method
    Unaudited P&L franchiseprovided/companyGAAP. COGSfoodbeveragepaperplastic; laborbenefits salariespayrolltaxhealthpensionandincentives excludesowner/abovestore. Controllablemaintenanceutilitiesbankfeesrentalequipment; noncontrollablerentinsurancefeesdelivery; othermarketinginterestroyaltydeferredbonuses. EBITDA4wall excludesaboveRestaurant; excludesnonrecurringopeningcosts. CompanyMidwestcosts maydiffer.

    Locations counted: not stated in the reviewed record

    Costs, EBITDA and other measures · 42 locations

    Who is counted
    Franchise endcap/inline anonymousrestaurant5
    Excluded
    42franchise7companysubsetendcap/inline. Narrative45franchise8company, excludes2franchise2companypartialyear14franchisemissingreports, unaltered.
    Method
    Unaudited P&L franchiseprovided/companyGAAP. COGSfoodbeveragepaperplastic; laborbenefits salariespayrolltaxhealthpensionandincentives excludesowner/abovestore. Controllablemaintenanceutilitiesbankfeesrentalequipment; noncontrollablerentinsurancefeesdelivery; othermarketinginterestroyaltydeferredbonuses. EBITDA4wall excludesaboveRestaurant; excludesnonrecurringopeningcosts. CompanyMidwestcosts maydiffer.

    Locations counted: not stated in the reviewed record

    Costs, EBITDA and other measures · 42 locations

    Who is counted
    Franchise endcap/inline anonymousrestaurant6
    Excluded
    42franchise7companysubsetendcap/inline. Narrative45franchise8company, excludes2franchise2companypartialyear14franchisemissingreports, unaltered.
    Method
    Unaudited P&L franchiseprovided/companyGAAP. COGSfoodbeveragepaperplastic; laborbenefits salariespayrolltaxhealthpensionandincentives excludesowner/abovestore. Controllablemaintenanceutilitiesbankfeesrentalequipment; noncontrollablerentinsurancefeesdelivery; othermarketinginterestroyaltydeferredbonuses. EBITDA4wall excludesaboveRestaurant; excludesnonrecurringopeningcosts. CompanyMidwestcosts maydiffer.

    Locations counted: not stated in the reviewed record

    Costs, EBITDA and other measures · 42 locations

    Who is counted
    Franchise endcap/inline anonymousrestaurant7
    Excluded
    42franchise7companysubsetendcap/inline. Narrative45franchise8company, excludes2franchise2companypartialyear14franchisemissingreports, unaltered.
    Method
    Unaudited P&L franchiseprovided/companyGAAP. COGSfoodbeveragepaperplastic; laborbenefits salariespayrolltaxhealthpensionandincentives excludesowner/abovestore. Controllablemaintenanceutilitiesbankfeesrentalequipment; noncontrollablerentinsurancefeesdelivery; othermarketinginterestroyaltydeferredbonuses. EBITDA4wall excludesaboveRestaurant; excludesnonrecurringopeningcosts. CompanyMidwestcosts maydiffer.

    Locations counted: not stated in the reviewed record

    Costs, EBITDA and other measures · 42 locations

    Who is counted
    Franchise endcap/inline anonymousrestaurant8
    Excluded
    42franchise7companysubsetendcap/inline. Narrative45franchise8company, excludes2franchise2companypartialyear14franchisemissingreports, unaltered.
    Method
    Unaudited P&L franchiseprovided/companyGAAP. COGSfoodbeveragepaperplastic; laborbenefits salariespayrolltaxhealthpensionandincentives excludesowner/abovestore. Controllablemaintenanceutilitiesbankfeesrentalequipment; noncontrollablerentinsurancefeesdelivery; othermarketinginterestroyaltydeferredbonuses. EBITDA4wall excludesaboveRestaurant; excludesnonrecurringopeningcosts. CompanyMidwestcosts maydiffer.

    Locations counted: not stated in the reviewed record

    EBITDA, costs and other measures · 42 locations

    Who is counted
    Franchise endcap/inline anonymousrestaurant9
    Excluded
    42franchise7companysubsetendcap/inline. Narrative45franchise8company, excludes2franchise2companypartialyear14franchisemissingreports, unaltered.
    Method
    Unaudited P&L franchiseprovided/companyGAAP. COGSfoodbeveragepaperplastic; laborbenefits salariespayrolltaxhealthpensionandincentives excludesowner/abovestore. Controllablemaintenanceutilitiesbankfeesrentalequipment; noncontrollablerentinsurancefeesdelivery; othermarketinginterestroyaltydeferredbonuses. EBITDA4wall excludesaboveRestaurant; excludesnonrecurringopeningcosts. CompanyMidwestcosts maydiffer.

    Locations counted: not stated in the reviewed record

    Costs, EBITDA and other measures · 42 locations

    Who is counted
    Franchise endcap/inline anonymousrestaurant10
    Excluded
    42franchise7companysubsetendcap/inline. Narrative45franchise8company, excludes2franchise2companypartialyear14franchisemissingreports, unaltered.
    Method
    Unaudited P&L franchiseprovided/companyGAAP. COGSfoodbeveragepaperplastic; laborbenefits salariespayrolltaxhealthpensionandincentives excludesowner/abovestore. Controllablemaintenanceutilitiesbankfeesrentalequipment; noncontrollablerentinsurancefeesdelivery; othermarketinginterestroyaltydeferredbonuses. EBITDA4wall excludesaboveRestaurant; excludesnonrecurringopeningcosts. CompanyMidwestcosts maydiffer.

    Locations counted: not stated in the reviewed record

    Costs, EBITDA and other measures · 42 locations

    Who is counted
    Franchise endcap/inline anonymousrestaurant11
    Excluded
    42franchise7companysubsetendcap/inline. Narrative45franchise8company, excludes2franchise2companypartialyear14franchisemissingreports, unaltered.
    Method
    Unaudited P&L franchiseprovided/companyGAAP. COGSfoodbeveragepaperplastic; laborbenefits salariespayrolltaxhealthpensionandincentives excludesowner/abovestore. Controllablemaintenanceutilitiesbankfeesrentalequipment; noncontrollablerentinsurancefeesdelivery; othermarketinginterestroyaltydeferredbonuses. EBITDA4wall excludesaboveRestaurant; excludesnonrecurringopeningcosts. CompanyMidwestcosts maydiffer.

    Locations counted: not stated in the reviewed record

    Costs, EBITDA and other measures · 42 locations

    Who is counted
    Franchise endcap/inline anonymousrestaurant12
    Excluded
    42franchise7companysubsetendcap/inline. Narrative45franchise8company, excludes2franchise2companypartialyear14franchisemissingreports, unaltered.
    Method
    Unaudited P&L franchiseprovided/companyGAAP. COGSfoodbeveragepaperplastic; laborbenefits salariespayrolltaxhealthpensionandincentives excludesowner/abovestore. Controllablemaintenanceutilitiesbankfeesrentalequipment; noncontrollablerentinsurancefeesdelivery; othermarketinginterestroyaltydeferredbonuses. EBITDA4wall excludesaboveRestaurant; excludesnonrecurringopeningcosts. CompanyMidwestcosts maydiffer.

    Locations counted: not stated in the reviewed record

    Costs, EBITDA and other measures · 42 locations

    Who is counted
    Franchise endcap/inline anonymousrestaurant13
    Excluded
    42franchise7companysubsetendcap/inline. Narrative45franchise8company, excludes2franchise2companypartialyear14franchisemissingreports, unaltered.
    Method
    Unaudited P&L franchiseprovided/companyGAAP. COGSfoodbeveragepaperplastic; laborbenefits salariespayrolltaxhealthpensionandincentives excludesowner/abovestore. Controllablemaintenanceutilitiesbankfeesrentalequipment; noncontrollablerentinsurancefeesdelivery; othermarketinginterestroyaltydeferredbonuses. EBITDA4wall excludesaboveRestaurant; excludesnonrecurringopeningcosts. CompanyMidwestcosts maydiffer.

    Locations counted: not stated in the reviewed record

    Costs, EBITDA and other measures · 42 locations

    Who is counted
    Franchise endcap/inline anonymousrestaurant14
    Excluded
    42franchise7companysubsetendcap/inline. Narrative45franchise8company, excludes2franchise2companypartialyear14franchisemissingreports, unaltered.
    Method
    Unaudited P&L franchiseprovided/companyGAAP. COGSfoodbeveragepaperplastic; laborbenefits salariespayrolltaxhealthpensionandincentives excludesowner/abovestore. Controllablemaintenanceutilitiesbankfeesrentalequipment; noncontrollablerentinsurancefeesdelivery; othermarketinginterestroyaltydeferredbonuses. EBITDA4wall excludesaboveRestaurant; excludesnonrecurringopeningcosts. CompanyMidwestcosts maydiffer.

    Locations counted: not stated in the reviewed record

    Costs, EBITDA and other measures · 42 locations

    Who is counted
    Franchise endcap/inline anonymousrestaurant15
    Excluded
    42franchise7companysubsetendcap/inline. Narrative45franchise8company, excludes2franchise2companypartialyear14franchisemissingreports, unaltered.
    Method
    Unaudited P&L franchiseprovided/companyGAAP. COGSfoodbeveragepaperplastic; laborbenefits salariespayrolltaxhealthpensionandincentives excludesowner/abovestore. Controllablemaintenanceutilitiesbankfeesrentalequipment; noncontrollablerentinsurancefeesdelivery; othermarketinginterestroyaltydeferredbonuses. EBITDA4wall excludesaboveRestaurant; excludesnonrecurringopeningcosts. CompanyMidwestcosts maydiffer.

    Locations counted: not stated in the reviewed record

    Costs, EBITDA and other measures · 42 locations

    Who is counted
    Franchise endcap/inline anonymousrestaurant16
    Excluded
    42franchise7companysubsetendcap/inline. Narrative45franchise8company, excludes2franchise2companypartialyear14franchisemissingreports, unaltered.
    Method
    Unaudited P&L franchiseprovided/companyGAAP. COGSfoodbeveragepaperplastic; laborbenefits salariespayrolltaxhealthpensionandincentives excludesowner/abovestore. Controllablemaintenanceutilitiesbankfeesrentalequipment; noncontrollablerentinsurancefeesdelivery; othermarketinginterestroyaltydeferredbonuses. EBITDA4wall excludesaboveRestaurant; excludesnonrecurringopeningcosts. CompanyMidwestcosts maydiffer.

    Locations counted: not stated in the reviewed record

    Costs, EBITDA and other measures · 42 locations

    Who is counted
    Franchise endcap/inline anonymousrestaurant17
    Excluded
    42franchise7companysubsetendcap/inline. Narrative45franchise8company, excludes2franchise2companypartialyear14franchisemissingreports, unaltered.
    Method
    Unaudited P&L franchiseprovided/companyGAAP. COGSfoodbeveragepaperplastic; laborbenefits salariespayrolltaxhealthpensionandincentives excludesowner/abovestore. Controllablemaintenanceutilitiesbankfeesrentalequipment; noncontrollablerentinsurancefeesdelivery; othermarketinginterestroyaltydeferredbonuses. EBITDA4wall excludesaboveRestaurant; excludesnonrecurringopeningcosts. CompanyMidwestcosts maydiffer.

    Locations counted: not stated in the reviewed record

    Costs, EBITDA and other measures · 42 locations

    Who is counted
    Franchise endcap/inline anonymousrestaurant18
    Excluded
    42franchise7companysubsetendcap/inline. Narrative45franchise8company, excludes2franchise2companypartialyear14franchisemissingreports, unaltered.
    Method
    Unaudited P&L franchiseprovided/companyGAAP. COGSfoodbeveragepaperplastic; laborbenefits salariespayrolltaxhealthpensionandincentives excludesowner/abovestore. Controllablemaintenanceutilitiesbankfeesrentalequipment; noncontrollablerentinsurancefeesdelivery; othermarketinginterestroyaltydeferredbonuses. EBITDA4wall excludesaboveRestaurant; excludesnonrecurringopeningcosts. CompanyMidwestcosts maydiffer.

    Locations counted: not stated in the reviewed record

    Costs, EBITDA and other measures · 42 locations

    Who is counted
    Franchise endcap/inline anonymousrestaurant19
    Excluded
    42franchise7companysubsetendcap/inline. Narrative45franchise8company, excludes2franchise2companypartialyear14franchisemissingreports, unaltered.
    Method
    Unaudited P&L franchiseprovided/companyGAAP. COGSfoodbeveragepaperplastic; laborbenefits salariespayrolltaxhealthpensionandincentives excludesowner/abovestore. Controllablemaintenanceutilitiesbankfeesrentalequipment; noncontrollablerentinsurancefeesdelivery; othermarketinginterestroyaltydeferredbonuses. EBITDA4wall excludesaboveRestaurant; excludesnonrecurringopeningcosts. CompanyMidwestcosts maydiffer.

    Locations counted: not stated in the reviewed record

    EBITDA, costs and other measures · 42 locations

    Who is counted
    Franchise endcap/inline anonymousrestaurant20
    Excluded
    42franchise7companysubsetendcap/inline. Narrative45franchise8company, excludes2franchise2companypartialyear14franchisemissingreports, unaltered.
    Method
    Unaudited P&L franchiseprovided/companyGAAP. COGSfoodbeveragepaperplastic; laborbenefits salariespayrolltaxhealthpensionandincentives excludesowner/abovestore. Controllablemaintenanceutilitiesbankfeesrentalequipment; noncontrollablerentinsurancefeesdelivery; othermarketinginterestroyaltydeferredbonuses. EBITDA4wall excludesaboveRestaurant; excludesnonrecurringopeningcosts. CompanyMidwestcosts maydiffer.

    Locations counted: not stated in the reviewed record

    Costs, EBITDA and other measures · 42 locations

    Who is counted
    Franchise endcap/inline anonymousrestaurant21
    Excluded
    42franchise7companysubsetendcap/inline. Narrative45franchise8company, excludes2franchise2companypartialyear14franchisemissingreports, unaltered.
    Method
    Unaudited P&L franchiseprovided/companyGAAP. COGSfoodbeveragepaperplastic; laborbenefits salariespayrolltaxhealthpensionandincentives excludesowner/abovestore. Controllablemaintenanceutilitiesbankfeesrentalequipment; noncontrollablerentinsurancefeesdelivery; othermarketinginterestroyaltydeferredbonuses. EBITDA4wall excludesaboveRestaurant; excludesnonrecurringopeningcosts. CompanyMidwestcosts maydiffer.

    Locations counted: not stated in the reviewed record

    EBITDA, costs and other measures · 42 locations

    Who is counted
    Franchise endcap/inline anonymousrestaurant22
    Excluded
    42franchise7companysubsetendcap/inline. Narrative45franchise8company, excludes2franchise2companypartialyear14franchisemissingreports, unaltered.
    Method
    Unaudited P&L franchiseprovided/companyGAAP. COGSfoodbeveragepaperplastic; laborbenefits salariespayrolltaxhealthpensionandincentives excludesowner/abovestore. Controllablemaintenanceutilitiesbankfeesrentalequipment; noncontrollablerentinsurancefeesdelivery; othermarketinginterestroyaltydeferredbonuses. EBITDA4wall excludesaboveRestaurant; excludesnonrecurringopeningcosts. CompanyMidwestcosts maydiffer.

    Locations counted: not stated in the reviewed record

    Costs, EBITDA and other measures · 42 locations

    Who is counted
    Franchise endcap/inline anonymousrestaurant23
    Excluded
    42franchise7companysubsetendcap/inline. Narrative45franchise8company, excludes2franchise2companypartialyear14franchisemissingreports, unaltered.
    Method
    Unaudited P&L franchiseprovided/companyGAAP. COGSfoodbeveragepaperplastic; laborbenefits salariespayrolltaxhealthpensionandincentives excludesowner/abovestore. Controllablemaintenanceutilitiesbankfeesrentalequipment; noncontrollablerentinsurancefeesdelivery; othermarketinginterestroyaltydeferredbonuses. EBITDA4wall excludesaboveRestaurant; excludesnonrecurringopeningcosts. CompanyMidwestcosts maydiffer.

    Locations counted: not stated in the reviewed record

    Costs, EBITDA and other measures · 42 locations

    Who is counted
    Franchise endcap/inline anonymousrestaurant24
    Excluded
    42franchise7companysubsetendcap/inline. Narrative45franchise8company, excludes2franchise2companypartialyear14franchisemissingreports, unaltered.
    Method
    Unaudited P&L franchiseprovided/companyGAAP. COGSfoodbeveragepaperplastic; laborbenefits salariespayrolltaxhealthpensionandincentives excludesowner/abovestore. Controllablemaintenanceutilitiesbankfeesrentalequipment; noncontrollablerentinsurancefeesdelivery; othermarketinginterestroyaltydeferredbonuses. EBITDA4wall excludesaboveRestaurant; excludesnonrecurringopeningcosts. CompanyMidwestcosts maydiffer.

    Locations counted: not stated in the reviewed record

    Costs, EBITDA and other measures · 42 locations

    Who is counted
    Franchise endcap/inline anonymousrestaurant25
    Excluded
    42franchise7companysubsetendcap/inline. Narrative45franchise8company, excludes2franchise2companypartialyear14franchisemissingreports, unaltered.
    Method
    Unaudited P&L franchiseprovided/companyGAAP. COGSfoodbeveragepaperplastic; laborbenefits salariespayrolltaxhealthpensionandincentives excludesowner/abovestore. Controllablemaintenanceutilitiesbankfeesrentalequipment; noncontrollablerentinsurancefeesdelivery; othermarketinginterestroyaltydeferredbonuses. EBITDA4wall excludesaboveRestaurant; excludesnonrecurringopeningcosts. CompanyMidwestcosts maydiffer.

    Locations counted: not stated in the reviewed record

    Costs, EBITDA and other measures · 42 locations

    Who is counted
    Franchise endcap/inline anonymousrestaurant26
    Excluded
    42franchise7companysubsetendcap/inline. Narrative45franchise8company, excludes2franchise2companypartialyear14franchisemissingreports, unaltered.
    Method
    Unaudited P&L franchiseprovided/companyGAAP. COGSfoodbeveragepaperplastic; laborbenefits salariespayrolltaxhealthpensionandincentives excludesowner/abovestore. Controllablemaintenanceutilitiesbankfeesrentalequipment; noncontrollablerentinsurancefeesdelivery; othermarketinginterestroyaltydeferredbonuses. EBITDA4wall excludesaboveRestaurant; excludesnonrecurringopeningcosts. CompanyMidwestcosts maydiffer.

    Locations counted: not stated in the reviewed record

    Costs, EBITDA and other measures · 42 locations

    Who is counted
    Franchise endcap/inline anonymousrestaurant27
    Excluded
    42franchise7companysubsetendcap/inline. Narrative45franchise8company, excludes2franchise2companypartialyear14franchisemissingreports, unaltered.
    Method
    Unaudited P&L franchiseprovided/companyGAAP. COGSfoodbeveragepaperplastic; laborbenefits salariespayrolltaxhealthpensionandincentives excludesowner/abovestore. Controllablemaintenanceutilitiesbankfeesrentalequipment; noncontrollablerentinsurancefeesdelivery; othermarketinginterestroyaltydeferredbonuses. EBITDA4wall excludesaboveRestaurant; excludesnonrecurringopeningcosts. CompanyMidwestcosts maydiffer.

    Locations counted: not stated in the reviewed record

    Costs, EBITDA and other measures · 42 locations

    Who is counted
    Franchise endcap/inline anonymousrestaurant28
    Excluded
    42franchise7companysubsetendcap/inline. Narrative45franchise8company, excludes2franchise2companypartialyear14franchisemissingreports, unaltered.
    Method
    Unaudited P&L franchiseprovided/companyGAAP. COGSfoodbeveragepaperplastic; laborbenefits salariespayrolltaxhealthpensionandincentives excludesowner/abovestore. Controllablemaintenanceutilitiesbankfeesrentalequipment; noncontrollablerentinsurancefeesdelivery; othermarketinginterestroyaltydeferredbonuses. EBITDA4wall excludesaboveRestaurant; excludesnonrecurringopeningcosts. CompanyMidwestcosts maydiffer.

    Locations counted: not stated in the reviewed record

    Costs, EBITDA and other measures · 42 locations

    Who is counted
    Franchise endcap/inline anonymousrestaurant29
    Excluded
    42franchise7companysubsetendcap/inline. Narrative45franchise8company, excludes2franchise2companypartialyear14franchisemissingreports, unaltered.
    Method
    Unaudited P&L franchiseprovided/companyGAAP. COGSfoodbeveragepaperplastic; laborbenefits salariespayrolltaxhealthpensionandincentives excludesowner/abovestore. Controllablemaintenanceutilitiesbankfeesrentalequipment; noncontrollablerentinsurancefeesdelivery; othermarketinginterestroyaltydeferredbonuses. EBITDA4wall excludesaboveRestaurant; excludesnonrecurringopeningcosts. CompanyMidwestcosts maydiffer.

    Locations counted: not stated in the reviewed record

    Costs, EBITDA and other measures · 42 locations

    Who is counted
    Franchise endcap/inline anonymousrestaurant30
    Excluded
    42franchise7companysubsetendcap/inline. Narrative45franchise8company, excludes2franchise2companypartialyear14franchisemissingreports, unaltered.
    Method
    Unaudited P&L franchiseprovided/companyGAAP. COGSfoodbeveragepaperplastic; laborbenefits salariespayrolltaxhealthpensionandincentives excludesowner/abovestore. Controllablemaintenanceutilitiesbankfeesrentalequipment; noncontrollablerentinsurancefeesdelivery; othermarketinginterestroyaltydeferredbonuses. EBITDA4wall excludesaboveRestaurant; excludesnonrecurringopeningcosts. CompanyMidwestcosts maydiffer.

    Locations counted: not stated in the reviewed record

    Costs, EBITDA and other measures · 42 locations

    Who is counted
    Franchise endcap/inline anonymousrestaurant31
    Excluded
    42franchise7companysubsetendcap/inline. Narrative45franchise8company, excludes2franchise2companypartialyear14franchisemissingreports, unaltered.
    Method
    Unaudited P&L franchiseprovided/companyGAAP. COGSfoodbeveragepaperplastic; laborbenefits salariespayrolltaxhealthpensionandincentives excludesowner/abovestore. Controllablemaintenanceutilitiesbankfeesrentalequipment; noncontrollablerentinsurancefeesdelivery; othermarketinginterestroyaltydeferredbonuses. EBITDA4wall excludesaboveRestaurant; excludesnonrecurringopeningcosts. CompanyMidwestcosts maydiffer.

    Locations counted: not stated in the reviewed record

    EBITDA, costs and other measures · 42 locations

    Who is counted
    Franchise endcap/inline anonymousrestaurant32
    Excluded
    42franchise7companysubsetendcap/inline. Narrative45franchise8company, excludes2franchise2companypartialyear14franchisemissingreports, unaltered.
    Method
    Unaudited P&L franchiseprovided/companyGAAP. COGSfoodbeveragepaperplastic; laborbenefits salariespayrolltaxhealthpensionandincentives excludesowner/abovestore. Controllablemaintenanceutilitiesbankfeesrentalequipment; noncontrollablerentinsurancefeesdelivery; othermarketinginterestroyaltydeferredbonuses. EBITDA4wall excludesaboveRestaurant; excludesnonrecurringopeningcosts. CompanyMidwestcosts maydiffer.

    Locations counted: not stated in the reviewed record

    Costs, EBITDA and other measures · 42 locations

    Who is counted
    Franchise endcap/inline anonymousrestaurant33
    Excluded
    42franchise7companysubsetendcap/inline. Narrative45franchise8company, excludes2franchise2companypartialyear14franchisemissingreports, unaltered.
    Method
    Unaudited P&L franchiseprovided/companyGAAP. COGSfoodbeveragepaperplastic; laborbenefits salariespayrolltaxhealthpensionandincentives excludesowner/abovestore. Controllablemaintenanceutilitiesbankfeesrentalequipment; noncontrollablerentinsurancefeesdelivery; othermarketinginterestroyaltydeferredbonuses. EBITDA4wall excludesaboveRestaurant; excludesnonrecurringopeningcosts. CompanyMidwestcosts maydiffer.

    Locations counted: not stated in the reviewed record

    Costs, EBITDA and other measures · 42 locations

    Who is counted
    Franchise endcap/inline anonymousrestaurant34
    Excluded
    42franchise7companysubsetendcap/inline. Narrative45franchise8company, excludes2franchise2companypartialyear14franchisemissingreports, unaltered.
    Method
    Unaudited P&L franchiseprovided/companyGAAP. COGSfoodbeveragepaperplastic; laborbenefits salariespayrolltaxhealthpensionandincentives excludesowner/abovestore. Controllablemaintenanceutilitiesbankfeesrentalequipment; noncontrollablerentinsurancefeesdelivery; othermarketinginterestroyaltydeferredbonuses. EBITDA4wall excludesaboveRestaurant; excludesnonrecurringopeningcosts. CompanyMidwestcosts maydiffer.

    Locations counted: not stated in the reviewed record

    EBITDA, costs and other measures · 42 locations

    Who is counted
    Franchise endcap/inline anonymousrestaurant35
    Excluded
    42franchise7companysubsetendcap/inline. Narrative45franchise8company, excludes2franchise2companypartialyear14franchisemissingreports, unaltered.
    Method
    Unaudited P&L franchiseprovided/companyGAAP. COGSfoodbeveragepaperplastic; laborbenefits salariespayrolltaxhealthpensionandincentives excludesowner/abovestore. Controllablemaintenanceutilitiesbankfeesrentalequipment; noncontrollablerentinsurancefeesdelivery; othermarketinginterestroyaltydeferredbonuses. EBITDA4wall excludesaboveRestaurant; excludesnonrecurringopeningcosts. CompanyMidwestcosts maydiffer.

    Locations counted: not stated in the reviewed record

    Costs, EBITDA and other measures · 42 locations

    Who is counted
    Franchise endcap/inline anonymousrestaurant36
    Excluded
    42franchise7companysubsetendcap/inline. Narrative45franchise8company, excludes2franchise2companypartialyear14franchisemissingreports, unaltered.
    Method
    Unaudited P&L franchiseprovided/companyGAAP. COGSfoodbeveragepaperplastic; laborbenefits salariespayrolltaxhealthpensionandincentives excludesowner/abovestore. Controllablemaintenanceutilitiesbankfeesrentalequipment; noncontrollablerentinsurancefeesdelivery; othermarketinginterestroyaltydeferredbonuses. EBITDA4wall excludesaboveRestaurant; excludesnonrecurringopeningcosts. CompanyMidwestcosts maydiffer.

    Locations counted: not stated in the reviewed record

    Costs, EBITDA and other measures · 42 locations

    Who is counted
    Franchise endcap/inline anonymousrestaurant37
    Excluded
    42franchise7companysubsetendcap/inline. Narrative45franchise8company, excludes2franchise2companypartialyear14franchisemissingreports, unaltered.
    Method
    Unaudited P&L franchiseprovided/companyGAAP. COGSfoodbeveragepaperplastic; laborbenefits salariespayrolltaxhealthpensionandincentives excludesowner/abovestore. Controllablemaintenanceutilitiesbankfeesrentalequipment; noncontrollablerentinsurancefeesdelivery; othermarketinginterestroyaltydeferredbonuses. EBITDA4wall excludesaboveRestaurant; excludesnonrecurringopeningcosts. CompanyMidwestcosts maydiffer.

    Locations counted: not stated in the reviewed record

    Costs, EBITDA and other measures · 42 locations

    Who is counted
    Franchise endcap/inline anonymousrestaurant38
    Excluded
    42franchise7companysubsetendcap/inline. Narrative45franchise8company, excludes2franchise2companypartialyear14franchisemissingreports, unaltered.
    Method
    Unaudited P&L franchiseprovided/companyGAAP. COGSfoodbeveragepaperplastic; laborbenefits salariespayrolltaxhealthpensionandincentives excludesowner/abovestore. Controllablemaintenanceutilitiesbankfeesrentalequipment; noncontrollablerentinsurancefeesdelivery; othermarketinginterestroyaltydeferredbonuses. EBITDA4wall excludesaboveRestaurant; excludesnonrecurringopeningcosts. CompanyMidwestcosts maydiffer.

    Locations counted: not stated in the reviewed record

    Costs, EBITDA and other measures · 42 locations

    Who is counted
    Franchise endcap/inline anonymousrestaurant39
    Excluded
    42franchise7companysubsetendcap/inline. Narrative45franchise8company, excludes2franchise2companypartialyear14franchisemissingreports, unaltered.
    Method
    Unaudited P&L franchiseprovided/companyGAAP. COGSfoodbeveragepaperplastic; laborbenefits salariespayrolltaxhealthpensionandincentives excludesowner/abovestore. Controllablemaintenanceutilitiesbankfeesrentalequipment; noncontrollablerentinsurancefeesdelivery; othermarketinginterestroyaltydeferredbonuses. EBITDA4wall excludesaboveRestaurant; excludesnonrecurringopeningcosts. CompanyMidwestcosts maydiffer.

    Locations counted: not stated in the reviewed record

    Costs, EBITDA and other measures · 42 locations

    Who is counted
    Franchise endcap/inline anonymousrestaurant40
    Excluded
    42franchise7companysubsetendcap/inline. Narrative45franchise8company, excludes2franchise2companypartialyear14franchisemissingreports, unaltered.
    Method
    Unaudited P&L franchiseprovided/companyGAAP. COGSfoodbeveragepaperplastic; laborbenefits salariespayrolltaxhealthpensionandincentives excludesowner/abovestore. Controllablemaintenanceutilitiesbankfeesrentalequipment; noncontrollablerentinsurancefeesdelivery; othermarketinginterestroyaltydeferredbonuses. EBITDA4wall excludesaboveRestaurant; excludesnonrecurringopeningcosts. CompanyMidwestcosts maydiffer.

    Locations counted: not stated in the reviewed record

    Costs, EBITDA and other measures · 42 locations

    Who is counted
    Franchise endcap/inline anonymousrestaurant41
    Excluded
    42franchise7companysubsetendcap/inline. Narrative45franchise8company, excludes2franchise2companypartialyear14franchisemissingreports, unaltered.
    Method
    Unaudited P&L franchiseprovided/companyGAAP. COGSfoodbeveragepaperplastic; laborbenefits salariespayrolltaxhealthpensionandincentives excludesowner/abovestore. Controllablemaintenanceutilitiesbankfeesrentalequipment; noncontrollablerentinsurancefeesdelivery; othermarketinginterestroyaltydeferredbonuses. EBITDA4wall excludesaboveRestaurant; excludesnonrecurringopeningcosts. CompanyMidwestcosts maydiffer.

    Locations counted: not stated in the reviewed record

    Costs, EBITDA and other measures · 42 locations

    Who is counted
    Franchise endcap/inline anonymousrestaurant42
    Excluded
    42franchise7companysubsetendcap/inline. Narrative45franchise8company, excludes2franchise2companypartialyear14franchisemissingreports, unaltered.
    Method
    Unaudited P&L franchiseprovided/companyGAAP. COGSfoodbeveragepaperplastic; laborbenefits salariespayrolltaxhealthpensionandincentives excludesowner/abovestore. Controllablemaintenanceutilitiesbankfeesrentalequipment; noncontrollablerentinsurancefeesdelivery; othermarketinginterestroyaltydeferredbonuses. EBITDA4wall excludesaboveRestaurant; excludesnonrecurringopeningcosts. CompanyMidwestcosts maydiffer.

    Locations counted: not stated in the reviewed record

    Costs, EBITDA and other measures · 7 locations

    Who is counted
    Company endcap/inline anonymousrestaurant1
    Excluded
    42franchise7companysubsetendcap/inline. Narrative45franchise8company, excludes2franchise2companypartialyear14franchisemissingreports, unaltered.
    Method
    Unaudited P&L franchiseprovided/companyGAAP. COGSfoodbeveragepaperplastic; laborbenefits salariespayrolltaxhealthpensionandincentives excludesowner/abovestore. Controllablemaintenanceutilitiesbankfeesrentalequipment; noncontrollablerentinsurancefeesdelivery; othermarketinginterestroyaltydeferredbonuses. EBITDA4wall excludesaboveRestaurant; excludesnonrecurringopeningcosts. CompanyMidwestcosts maydiffer.

    Locations counted: not stated in the reviewed record

    Costs, EBITDA and other measures · 7 locations

    Who is counted
    Company endcap/inline anonymousrestaurant2
    Excluded
    42franchise7companysubsetendcap/inline. Narrative45franchise8company, excludes2franchise2companypartialyear14franchisemissingreports, unaltered.
    Method
    Unaudited P&L franchiseprovided/companyGAAP. COGSfoodbeveragepaperplastic; laborbenefits salariespayrolltaxhealthpensionandincentives excludesowner/abovestore. Controllablemaintenanceutilitiesbankfeesrentalequipment; noncontrollablerentinsurancefeesdelivery; othermarketinginterestroyaltydeferredbonuses. EBITDA4wall excludesaboveRestaurant; excludesnonrecurringopeningcosts. CompanyMidwestcosts maydiffer.

    Locations counted: not stated in the reviewed record

    Costs, EBITDA and other measures · 7 locations

    Who is counted
    Company endcap/inline anonymousrestaurant3
    Excluded
    42franchise7companysubsetendcap/inline. Narrative45franchise8company, excludes2franchise2companypartialyear14franchisemissingreports, unaltered.
    Method
    Unaudited P&L franchiseprovided/companyGAAP. COGSfoodbeveragepaperplastic; laborbenefits salariespayrolltaxhealthpensionandincentives excludesowner/abovestore. Controllablemaintenanceutilitiesbankfeesrentalequipment; noncontrollablerentinsurancefeesdelivery; othermarketinginterestroyaltydeferredbonuses. EBITDA4wall excludesaboveRestaurant; excludesnonrecurringopeningcosts. CompanyMidwestcosts maydiffer.

    Locations counted: not stated in the reviewed record

    Costs, EBITDA and other measures · 7 locations

    Who is counted
    Company endcap/inline anonymousrestaurant4
    Excluded
    42franchise7companysubsetendcap/inline. Narrative45franchise8company, excludes2franchise2companypartialyear14franchisemissingreports, unaltered.
    Method
    Unaudited P&L franchiseprovided/companyGAAP. COGSfoodbeveragepaperplastic; laborbenefits salariespayrolltaxhealthpensionandincentives excludesowner/abovestore. Controllablemaintenanceutilitiesbankfeesrentalequipment; noncontrollablerentinsurancefeesdelivery; othermarketinginterestroyaltydeferredbonuses. EBITDA4wall excludesaboveRestaurant; excludesnonrecurringopeningcosts. CompanyMidwestcosts maydiffer.

    Locations counted: not stated in the reviewed record

    Costs, EBITDA and other measures · 7 locations

    Who is counted
    Company endcap/inline anonymousrestaurant5
    Excluded
    42franchise7companysubsetendcap/inline. Narrative45franchise8company, excludes2franchise2companypartialyear14franchisemissingreports, unaltered.
    Method
    Unaudited P&L franchiseprovided/companyGAAP. COGSfoodbeveragepaperplastic; laborbenefits salariespayrolltaxhealthpensionandincentives excludesowner/abovestore. Controllablemaintenanceutilitiesbankfeesrentalequipment; noncontrollablerentinsurancefeesdelivery; othermarketinginterestroyaltydeferredbonuses. EBITDA4wall excludesaboveRestaurant; excludesnonrecurringopeningcosts. CompanyMidwestcosts maydiffer.

    Locations counted: not stated in the reviewed record

    Costs, EBITDA and other measures · 7 locations

    Who is counted
    Company endcap/inline anonymousrestaurant6
    Excluded
    42franchise7companysubsetendcap/inline. Narrative45franchise8company, excludes2franchise2companypartialyear14franchisemissingreports, unaltered.
    Method
    Unaudited P&L franchiseprovided/companyGAAP. COGSfoodbeveragepaperplastic; laborbenefits salariespayrolltaxhealthpensionandincentives excludesowner/abovestore. Controllablemaintenanceutilitiesbankfeesrentalequipment; noncontrollablerentinsurancefeesdelivery; othermarketinginterestroyaltydeferredbonuses. EBITDA4wall excludesaboveRestaurant; excludesnonrecurringopeningcosts. CompanyMidwestcosts maydiffer.

    Locations counted: not stated in the reviewed record

    EBITDA, costs and other measures · 7 locations

    Who is counted
    Company endcap/inline anonymousrestaurant7
    Excluded
    42franchise7companysubsetendcap/inline. Narrative45franchise8company, excludes2franchise2companypartialyear14franchisemissingreports, unaltered.
    Method
    Unaudited P&L franchiseprovided/companyGAAP. COGSfoodbeveragepaperplastic; laborbenefits salariespayrolltaxhealthpensionandincentives excludesowner/abovestore. Controllablemaintenanceutilitiesbankfeesrentalequipment; noncontrollablerentinsurancefeesdelivery; othermarketinginterestroyaltydeferredbonuses. EBITDA4wall excludesaboveRestaurant; excludesnonrecurringopeningcosts. CompanyMidwestcosts maydiffer.

    Locations counted: not stated in the reviewed record

    Costs, EBITDA, revenue and other measures · 42 locations

    Who is counted
    Franchised endcap/inline
    Period
    Averageamount
    Excluded
    Partialyear2franchise2company and14missingfranchiseP&Ls asstated.
    Method
    Unaudited; franchisereported unverified, companyGAAP Midwest. Laborincludesbenefits excludesowners/abovestore; noncontrollablerentinsurancefeesdelivery; othermarketingroyaltyinterest; EBITDA4wall excludesaboveRestaurant/openingnonrecurring. Source42franchise7companysample andcontradictoryintrocounts retained.

    Locations counted: not stated in the reviewed record

    Revenue, costs, EBITDA and other measures · 7 locations

    Who is counted
    Company endcap/inline
    Period
    Percent favorable
    Excluded
    Partialyear2franchise2company and14missingfranchiseP&Ls asstated.
    Method
    Unaudited; franchisereported unverified, companyGAAP Midwest. Laborincludesbenefits excludesowners/abovestore; noncontrollablerentinsurancefeesdelivery; othermarketingroyaltyinterest; EBITDA4wall excludesaboveRestaurant/openingnonrecurring. Source42franchise7companysample andcontradictoryintrocounts retained.

    These groups are never combined. Adjusted company-owned operating results cannot be divided by franchised revenue to calculate a franchisee profit margin.

    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. 58

    Net +126 outlets, 2023–2025

    01,03420231,10020241,1602025+66+60

    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 ($854,834 – $2,802,000) 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 1,100 to 1,160 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]Standard initial franchise fee — Item 5 · PDF p. 11
    2. [2]Item 19 — Locations counted not stated in the reviewed record — Company-owned Endcap · PDF p. 46; PDF p. 47
    3. [3]Item 19 — Locations counted not stated in the reviewed record — Company-owned Inline · PDF p. 46; PDF p. 47
    4. [4]Item 19 — Locations counted not stated in the reviewed record — Company-owned Standalone · PDF p. 46; PDF p. 47
    5. [5]Item 19 — Locations counted not stated in the reviewed record — Company-owned All · PDF p. 46; PDF p. 47
    6. [6]Item 19 — Locations counted not stated in the reviewed record — Franchised Endcap · PDF p. 47
    7. [7]Item 19 — Locations counted not stated in the reviewed record — Franchised Inline · PDF p. 47
    8. [8]Item 19 — Locations counted not stated in the reviewed record — Franchised Standalone · PDF p. 47
    9. [9]Item 19 — Locations counted not stated in the reviewed record — Franchised All · PDF p. 47
    10. [10]Item 19 — Locations counted not stated in the reviewed record — Allsystem · PDF p. 48
    11. [11]Item 19 — Locations counted not stated in the reviewed record — System Topquartile · PDF p. 48
    12. [12]Item 19 — Locations counted not stated in the reviewed record — System 2ndquartile · PDF p. 48
    13. [13]Item 19 — Locations counted not stated in the reviewed record — System 3rdquartile · PDF p. 48
    14. [14]Item 19 — Locations counted not stated in the reviewed record — System Bottomquartile · PDF p. 48
    15. [15]Item 19 — Locations counted not stated in the reviewed record — Franchised Topquartile · PDF p. 48
    16. [16]Item 19 — Locations counted not stated in the reviewed record — System Totalquartile · PDF p. 48
    17. [17]Item 19 — Locations counted not stated in the reviewed record — Franchised 2ndquartile · PDF p. 48
    18. [18]Item 19 — Locations counted not stated in the reviewed record — Franchised 3rdquartile · PDF p. 48
    19. [19]Item 19 — Locations counted not stated in the reviewed record — Franchised Bottomquartile · PDF p. 48
    20. [20]Item 19 — Locations counted not stated in the reviewed record — Franchised Totalquartile · PDF p. 48
    21. [21]Item 19 — Locations counted not stated in the reviewed record — Company-owned Topquartile · PDF p. 49
    22. [22]Item 19 — Locations counted not stated in the reviewed record — Company-owned 2ndquartile · PDF p. 49
    23. [23]Item 19 — Locations counted not stated in the reviewed record — Company-owned 3rdquartile · PDF p. 49
    24. [24]Item 19 — Locations counted not stated in the reviewed record — Company-owned Bottomquartile · PDF p. 49
    25. [25]Item 19 — Locations counted not stated in the reviewed record — Company-owned Totalquartile · PDF p. 49
    26. [26]Item 19 — Locations counted not stated in the reviewed record — Company35fullyear · PDF p. 49
    27. [27]Item 19 — Locations counted not stated in the reviewed record — Franchise endcap/inline anonymousrestaurant1 · PDF p. 52
    28. [28]Item 19 — Locations counted not stated in the reviewed record — Franchise endcap/inline anonymousrestaurant2 · PDF p. 52
    29. [29]Item 19 — Locations counted not stated in the reviewed record — Franchise endcap/inline anonymousrestaurant3 · PDF p. 52
    30. [30]Item 19 — Locations counted not stated in the reviewed record — Franchise endcap/inline anonymousrestaurant4 · PDF p. 52
    31. [31]Item 19 — Locations counted not stated in the reviewed record — Franchise endcap/inline anonymousrestaurant5 · PDF p. 52
    32. [32]Item 19 — Locations counted not stated in the reviewed record — Franchise endcap/inline anonymousrestaurant6 · PDF p. 52
    33. [33]Item 19 — Locations counted not stated in the reviewed record — Franchise endcap/inline anonymousrestaurant7 · PDF p. 52
    34. [34]Item 19 — Locations counted not stated in the reviewed record — Franchise endcap/inline anonymousrestaurant8 · PDF p. 52
    35. [35]Item 19 — Locations counted not stated in the reviewed record — Franchise endcap/inline anonymousrestaurant9 · PDF p. 52
    36. [36]Item 19 — Locations counted not stated in the reviewed record — Franchise endcap/inline anonymousrestaurant10 · PDF p. 52
    37. [37]Item 19 — Locations counted not stated in the reviewed record — Franchise endcap/inline anonymousrestaurant11 · PDF p. 52
    38. [38]Item 19 — Locations counted not stated in the reviewed record — Franchise endcap/inline anonymousrestaurant12 · PDF p. 52
    39. [39]Item 19 — Locations counted not stated in the reviewed record — Franchise endcap/inline anonymousrestaurant13 · PDF p. 52
    40. [40]Item 19 — Locations counted not stated in the reviewed record — Franchise endcap/inline anonymousrestaurant14 · PDF p. 52
    41. [41]Item 19 — Locations counted not stated in the reviewed record — Franchise endcap/inline anonymousrestaurant15 · PDF p. 52
    42. [42]Item 19 — Locations counted not stated in the reviewed record — Franchise endcap/inline anonymousrestaurant16 · PDF p. 53
    43. [43]Item 19 — Locations counted not stated in the reviewed record — Franchise endcap/inline anonymousrestaurant17 · PDF p. 53
    44. [44]Item 19 — Locations counted not stated in the reviewed record — Franchise endcap/inline anonymousrestaurant18 · PDF p. 53
    45. [45]Item 19 — Locations counted not stated in the reviewed record — Franchise endcap/inline anonymousrestaurant19 · PDF p. 53
    46. [46]Item 19 — Locations counted not stated in the reviewed record — Franchise endcap/inline anonymousrestaurant20 · PDF p. 53
    47. [47]Item 19 — Locations counted not stated in the reviewed record — Franchise endcap/inline anonymousrestaurant21 · PDF p. 53
    48. [48]Item 19 — Locations counted not stated in the reviewed record — Franchise endcap/inline anonymousrestaurant22 · PDF p. 53
    49. [49]Item 19 — Locations counted not stated in the reviewed record — Franchise endcap/inline anonymousrestaurant23 · PDF p. 53
    50. [50]Item 19 — Locations counted not stated in the reviewed record — Franchise endcap/inline anonymousrestaurant24 · PDF p. 53
    51. [51]Item 19 — Locations counted not stated in the reviewed record — Franchise endcap/inline anonymousrestaurant25 · PDF p. 53
    52. [52]Item 19 — Locations counted not stated in the reviewed record — Franchise endcap/inline anonymousrestaurant26 · PDF p. 53
    53. [53]Item 19 — Locations counted not stated in the reviewed record — Franchise endcap/inline anonymousrestaurant27 · PDF p. 53
    54. [54]Item 19 — Locations counted not stated in the reviewed record — Franchise endcap/inline anonymousrestaurant28 · PDF p. 53
    55. [55]Item 19 — Locations counted not stated in the reviewed record — Franchise endcap/inline anonymousrestaurant29 · PDF p. 53
    56. [56]Item 19 — Locations counted not stated in the reviewed record — Franchise endcap/inline anonymousrestaurant30 · PDF p. 53
    57. [57]Item 19 — Locations counted not stated in the reviewed record — Franchise endcap/inline anonymousrestaurant31 · PDF p. 54
    58. [58]Item 19 — Locations counted not stated in the reviewed record — Franchise endcap/inline anonymousrestaurant32 · PDF p. 54
    59. [59]Item 19 — Locations counted not stated in the reviewed record — Franchise endcap/inline anonymousrestaurant33 · PDF p. 54
    60. [60]Item 19 — Locations counted not stated in the reviewed record — Franchise endcap/inline anonymousrestaurant34 · PDF p. 54
    61. [61]Item 19 — Locations counted not stated in the reviewed record — Franchise endcap/inline anonymousrestaurant35 · PDF p. 54
    62. [62]Item 19 — Locations counted not stated in the reviewed record — Franchise endcap/inline anonymousrestaurant36 · PDF p. 54
    63. [63]Item 19 — Locations counted not stated in the reviewed record — Franchise endcap/inline anonymousrestaurant37 · PDF p. 54
    64. [64]Item 19 — Locations counted not stated in the reviewed record — Franchise endcap/inline anonymousrestaurant38 · PDF p. 54
    65. [65]Item 19 — Locations counted not stated in the reviewed record — Franchise endcap/inline anonymousrestaurant39 · PDF p. 54
    66. [66]Item 19 — Locations counted not stated in the reviewed record — Franchise endcap/inline anonymousrestaurant40 · PDF p. 54
    67. [67]Item 19 — Locations counted not stated in the reviewed record — Franchise endcap/inline anonymousrestaurant41 · PDF p. 54
    68. [68]Item 19 — Locations counted not stated in the reviewed record — Franchise endcap/inline anonymousrestaurant42 · PDF p. 54
    69. [69]Item 19 — Locations counted not stated in the reviewed record — Company endcap/inline anonymousrestaurant1 · PDF p. 55
    70. [70]Item 19 — Locations counted not stated in the reviewed record — Company endcap/inline anonymousrestaurant2 · PDF p. 55
    71. [71]Item 19 — Locations counted not stated in the reviewed record — Company endcap/inline anonymousrestaurant3 · PDF p. 55
    72. [72]Item 19 — Locations counted not stated in the reviewed record — Company endcap/inline anonymousrestaurant4 · PDF p. 55
    73. [73]Item 19 — Locations counted not stated in the reviewed record — Company endcap/inline anonymousrestaurant5 · PDF p. 55
    74. [74]Item 19 — Locations counted not stated in the reviewed record — Company endcap/inline anonymousrestaurant6 · PDF p. 55
    75. [75]Item 19 — Locations counted not stated in the reviewed record — Company endcap/inline anonymousrestaurant7 · PDF p. 55
    76. [76]Item 19 — Locations counted not stated in the reviewed record — Franchised endcap/inline · PDF p. 50
    77. [77]Item 19 — Locations counted not stated in the reviewed record — Company endcap/inline · PDF p. 51
    78. [78]Outlet counts — Item 20, Table 1 · PDF p. 58

    "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 yearMeasureReported value
    2025total current assets$13,956
    2025property and equipment, net$34,623
    2025goodwill$161,565
    2025right-of-use assets under operating leases, net$35,566
    2025intangible assets, net$553,318
    2025other assets, net$3,094
    2025total assets$802,122
    2025liabilities and member's$2,699
    2025accrued expenses and other current liabilities$3,771
    2025gift card liabilityMore than one value recorded for this year — open the FDD source before comparing$4,147
    2025current portion of operating lease liabilities$564
    2025current maturities of long-term debt$3,500
    2025total current liabilities$15,912
    2025deferred revenue, net of current portion$12,669
    2025long-term debt, net of current portion$348,944
    2025other liabilities$2,653
    2025total liabilities$499,724
    2025total member's$302,398
    2025restaurant sales - company - owned$26,966
    2025franchise royalty revenue and fees$15,770
    2025advertising funds revenue$5,562
    2025total revenue$48,298
    2025costs and expenses restaurant costs and expenses$23,314
    2025selling, general and administrative$8,168
    2025advertising$1,835
    2025depreciation and amortization$4,617
    2025transaction expenses$11,766
    2025total costs and expenses$49,700
    2025operating income-$1,402
    2025interest expense, net$10,131
    2025income-$11,533
    2025net income-$9,529
    2025stock - based compensation$77
    2025deferred income taxes-$2,213
    2025noncash interest expense$169
    2025right - of - use assets$332
    2025other assets-$47
    2025accounts payable-$1,105
    2025gift card liabilityMore than one value recorded for this year — open the FDD source before comparing$1,329
    2025deferred revenue-$136
    2025operating lease liabilities-$53
    2025net cash provided by-$5,428
    2025purchases of investments-$2,193
    2025net cash used in investing activities-$624,114
    2025cash flows from financing activities proceeds from issuance of member's equity$283,100
    2025repayments of term loan-$875
    2025borrowings on revolving line - of - credit$7,000
    2025payment of debt issuance costs-$2,503
    2025net cash used in financing activities$635,375
    2025net increase$5,833
    2025supplemental information cash paid for interest$10,037
    2025cash paid for taxes$6
    2025operating cash flows from operating leases$279
    2025assets current assets cash$5,833
    2025current portion of deferred revenue$1,231
    2025operating lease liabilities, net of current portion$35,761
    2025accounts receivable$5,145
    2025prepaid expenses and other current assets$2,978
    2025income tax expense-$2,004
    2025deferred income tax liability, net$83,785
    2025proceeds from issuance of term loan, net$348,653
    2025changes in operating assets and liabilities accounts receivable-$571
    2025prepaid expense and other current assets$613
    2025other accrued expenses-$1,106
    2025other noncurrent liabilities$2,195
    2025purchases of property and equipment-$1,880
    2024assets current assets cash$6,415
    2024accounts receivable$5,985
    2024total current assets$16,712
    2024property and equipment, net$27,917
    2024goodwill$97,964
    2024intangible assets, net$206,975
    2024total assets$390,905
    2024accrued expenses and other current liabilities$3,353
    2024current portion of deferred revenue$1,108
    2024current portion of operating lease liabilities$606
    2024total current liabilities$15,735
    2024deferred revenue, net of current portion$11,176
    2024deferred income tax liability, net$10,261
    2024long-term debt, net of current portion$193,093
    2024other liabilities$546
    2024total liabilities$272,162
    2024retained earnings-$3,443
    2024total member's$118,743
    2024restaurant sales - company - ownedMore than one value recorded for this year — open the FDD source before comparing$58,202
    2024restaurant sales - company - ownedMore than one value recorded for this year — open the FDD source before comparing$80,486
    2024franchise royalty revenue and feesMore than one value recorded for this year — open the FDD source before comparing$32,989
    2024franchise royalty revenue and feesMore than one value recorded for this year — open the FDD source before comparing$45,139
    2024advertising funds revenueMore than one value recorded for this year — open the FDD source before comparing$9,735
    2024total revenueMore than one value recorded for this year — open the FDD source before comparing$139,099
    2024costs and expenses restaurant costs and expensesMore than one value recorded for this year — open the FDD source before comparing$48,108
    2024selling, general and administrativeMore than one value recorded for this year — open the FDD source before comparing$14,572
    2024selling, general and administrativeMore than one value recorded for this year — open the FDD source before comparing$21,188
    2024advertisingMore than one value recorded for this year — open the FDD source before comparing$13,423
    2024depreciation and amortizationMore than one value recorded for this year — open the FDD source before comparing$9,427
    2024total costs and expensesMore than one value recorded for this year — open the FDD source before comparing$111,703
    2024operating incomeMore than one value recorded for this year — open the FDD source before comparing$27,396
    2024interest expense, netMore than one value recorded for this year — open the FDD source before comparing$13,338
    2024interest expense, netMore than one value recorded for this year — open the FDD source before comparing$18,010
    2024loss on extinguishment of debtMore than one value recorded for this year — open the FDD source before comparing$856
    2024income tax expenseMore than one value recorded for this year — open the FDD source before comparing-$5,480
    2024income tax expenseMore than one value recorded for this year — open the FDD source before comparing$5,326
    2024net incomeMore than one value recorded for this year — open the FDD source before comparing-$27,826
    2024net incomeMore than one value recorded for this year — open the FDD source before comparing$3,204
    2024deferred income taxesMore than one value recorded for this year — open the FDD source before comparing-$5,496
    2024deferred income taxesMore than one value recorded for this year — open the FDD source before comparing$4,162
    2024noncash interest expenseMore than one value recorded for this year — open the FDD source before comparing$600
    2024noncash interest expenseMore than one value recorded for this year — open the FDD source before comparing$713
    2024loss on extinguishment of debtMore than one value recorded for this year — open the FDD source before comparing$1,333
    2024loss on extinguishment of debtMore than one value recorded for this year — open the FDD source before comparing$826
    2024changes in operating assets and liabilities accounts receivableMore than one value recorded for this year — open the FDD source before comparing$1,411
    2024changes in operating assets and liabilities accounts receivableMore than one value recorded for this year — open the FDD source before comparing-$1,992
    2024right - of - use assetsMore than one value recorded for this year — open the FDD source before comparing$789
    2024right - of - use assetsMore than one value recorded for this year — open the FDD source before comparing$1,487
    2024prepaid expense and other current assetsMore than one value recorded for this year — open the FDD source before comparing-$610
    2024other assetsMore than one value recorded for this year — open the FDD source before comparing-$169
    2024accounts payableMore than one value recorded for this year — open the FDD source before comparing$590
    2024gift card liabilityMore than one value recorded for this year — open the FDD source before comparing-$1,550
    2024gift card liabilityMore than one value recorded for this year — open the FDD source before comparing$218
    2024other accrued expensesMore than one value recorded for this year — open the FDD source before comparing$42,000
    2024other accrued expensesMore than one value recorded for this year — open the FDD source before comparing-$713
    2024deferred revenueMore than one value recorded for this year — open the FDD source before comparing$1,742
    2024deferred revenueMore than one value recorded for this year — open the FDD source before comparing$23
    2024other noncurrent liabilitiesMore than one value recorded for this year — open the FDD source before comparing-$77
    2024other noncurrent liabilitiesMore than one value recorded for this year — open the FDD source before comparing-$356
    2024operating lease liabilitiesMore than one value recorded for this year — open the FDD source before comparing-$317
    2024net cash provided byMore than one value recorded for this year — open the FDD source before comparing$19,286
    2024net cash provided byMore than one value recorded for this year — open the FDD source before comparing$16,367
    2024purchases of investments-$68
    2024purchases of property and equipmentMore than one value recorded for this year — open the FDD source before comparing-$3,975
    2024proceeds from sale of property and equipmentMore than one value recorded for this year — open the FDD source before comparing$839
    2024net cash used in investing activitiesMore than one value recorded for this year — open the FDD source before comparing-$3,204
    2024net cash used in investing activitiesMore than one value recorded for this year — open the FDD source before comparing-$9,630
    2024repayments of term loanMore than one value recorded for this year — open the FDD source before comparing-$113,614
    2024borrowings on revolving line - of - credit$5,000
    2024payment of debt issuance costs-$2,599
    2024purchases of treasury stock-$97,439
    2024net cash used in financing activitiesMore than one value recorded for this year — open the FDD source before comparing-$17,493
    2024net increaseMore than one value recorded for this year — open the FDD source before comparing-$8,415
    2024cash at beginning of period$14,830
    2024cash at end of period$5,004
    2024supplemental information cash paid for interestMore than one value recorded for this year — open the FDD source before comparing$12,789
    2024supplemental information cash paid for interestMore than one value recorded for this year — open the FDD source before comparing$17,496
    2024cash paid for taxesMore than one value recorded for this year — open the FDD source before comparing$61
    2024operating cash flows from operating leasesMore than one value recorded for this year — open the FDD source before comparing$676
    2024operating cash flows from operating leasesMore than one value recorded for this year — open the FDD source before comparing$1,170
    2024right - of - use assets obtained in exchange for new operating lease liabilitiesMore than one value recorded for this year — open the FDD source before comparing$4,509
    2024commonstock$219,625
    2024treasurystockcost-$97,439
    2024incomeMore than one value recorded for this year — open the FDD source before comparing-$33,306
    2024prepaid expenses and other current assets$4,312
    2024advertising funds revenueMore than one value recorded for this year — open the FDD source before comparing$13,474
    2024loss on extinguishment of debtMore than one value recorded for this year — open the FDD source before comparing$1,335
    2024incomeMore than one value recorded for this year — open the FDD source before comparing$8,530
    2024gift card liabilityMore than one value recorded for this year — open the FDD source before comparing$4,369
    2024costs and expenses restaurant costs and expensesMore than one value recorded for this year — open the FDD source before comparing$66,538
    2024depreciation and amortizationMore than one value recorded for this year — open the FDD source before comparing$6,496
    2024right-of-use assets under operating leases, net$40,721
    2024other assets, net$616
    2024liabilities and member's$4,314
    2024current maturities of long-term debt$1,985
    2024operating lease liabilities, net of current portion$41,351
    2024advertisingMore than one value recorded for this year — open the FDD source before comparing$14,550
    2024total costs and expensesMore than one value recorded for this year — open the FDD source before comparing$119,559
    2024total revenueMore than one value recorded for this year — open the FDD source before comparing$100,926
    2024operating incomeMore than one value recorded for this year — open the FDD source before comparing-$18,633
    2024other assetsMore than one value recorded for this year — open the FDD source before comparing-$246
    2024proceeds from sale of property and equipmentMore than one value recorded for this year — open the FDD source before comparing$50
    2024cash paid for taxesMore than one value recorded for this year — open the FDD source before comparing$871
    2024right - of - use assets obtained in exchange for new operating lease liabilitiesMore than one value recorded for this year — open the FDD source before comparing$3,205
    2024transaction expenses$36,960
    2024accounts payableMore than one value recorded for this year — open the FDD source before comparing-$510
    2024operating lease liabilitiesMore than one value recorded for this year — open the FDD source before comparing-$113
    2024repayments of term loanMore than one value recorded for this year — open the FDD source before comparing-$17,493
    2024prepaid expense and other current assetsMore than one value recorded for this year — open the FDD source before comparing$720
    2024net cash used in financing activitiesMore than one value recorded for this year — open the FDD source before comparing-$15,152
    2024purchases of property and equipmentMore than one value recorded for this year — open the FDD source before comparing-$9,680
    2024repayment of revolving line - of - credit-$5,000
    2024proceeds from issuance of term loan, net$198,500
    2024net increaseMore than one value recorded for this year — open the FDD source before comparing-$1,411
    2023accounts receivable$3,993
    2023prepaid expenses and other current assets$3,702
    2023property and equipment, net$22,884
    2023goodwill$97,964
    2023right-of-use assets under operating leases, net$37,699
    2023intangible assets, net$211,756
    2023other assets, net$371
    2023total assets$393,198
    2023gift card liability$4,151
    2023current portion of deferred revenue$1,022
    2023operating lease liabilitiesMore than one value recorded for this year — open the FDD source before comparing$694
    2023total current liabilities$19,409
    2023deferred revenue, net of current portion$11,239
    2023operating lease liabilities, net of current portion$37,070
    2023long-term debt, net of current portion$105,502
    2023other liabilities$902
    2023total liabilities$180,221
    2023total stockholders' equity$212,978
    2023restaurant sales - company-owned$76,118
    2023franchise royalty revenue and fees$39,899
    2023advertising funds revenue$12,602
    2023costs and expenses restaurant costs and expenses$62,239
    2023selling, general and administrative$18,541
    2023advertising$12,669
    2023depreciation and amortization$8,908
    2023total costs and expenses$102,473
    2023interest expense, net$9,821
    2023loss on extinguishment of debtMore than one value recorded for this year — open the FDD source before comparing$1,794
    2023income before income tax expense$14,531
    2023income tax expense$4,575
    2023net income and comprehensive income$9,956
    2023deferred income taxes$4,397
    2023noncash interest expense$331
    2023loss on extinguishment of debtMore than one value recorded for this year — open the FDD source before comparing$1,762
    2023lossMore than one value recorded for this year — open the FDD source before comparing$115
    2023changes in operating assets and liabilities accounts receivable, net$501
    2023right-of-use asset$1,658
    2023other assets-$123
    2023accounts payable-$6
    2023other noncurrent liabilities$1,379
    2023operating lease liabilitiesMore than one value recorded for this year — open the FDD source before comparing-$157
    2023purchases of property and equipment-$4,085
    2023cash flows from financing activities proceeds from issuance of term loan$115,000
    2023repayments of term loan-$120,688
    2023borrowings on revolving line-of-credit$7,200
    2023repayment of revolving line-of-credit-$7,200
    2023dividends paid-$21,963
    2023net cash used in financing activities-$28,663
    2023net increase-$8,433
    2023supplemental information cash paid for interest$9,733
    2023cash paid for taxes$1,210
    2023non-cash recognition of right-of-use assets and related lease liabilities$11,217
    2023dividends2023 retainedearnings-$21,963
    2023total current assets$22,525
    2023deferred income tax liability, net$6,099
    2023operating income$26,147
    2023stockholders' equity retained earnings-$6,647
    2023liabilities and stockholders' equity current liabilities accounts payable$3,724
    2023total revenue$128,619
    2023accrued expenses and other current liabilities$4,067
    2023current maturities of long-term debt$5,750
    2023lossMore than one value recorded for this year — open the FDD source before comparing$115
    2023prepaid expense and other current assets-$801
    2023other accrued expenses$1,781
    2023net cash provided by operating activities$29,700
    2023payment of debt issuance costs-$1,013
    2023net cash used in investing activities-$9,470
    2022total assets$392,636
    2022accounts receivable$4,494
    2022prepaid expenses and other current assets$2,856
    2022total current assets$30,614
    2022property and equipment, net$19,641
    2022right-of-use assets under operating leases, net$28,451
    2022other assets, net$248
    2022liabilities and stockholders' equity current liabilities accounts payable$3,730
    2022accrued expenses and other current liabilities$2,739
    2022gift card liability$3,698
    2022current portion of deferred revenue$672
    2022operating lease liabilitiesMore than one value recorded for this year — open the FDD source before comparing$409
    2022current maturities of long-term debt$1,250
    2022deferred revenue, net of current portion$10,001
    2022deferred income tax liability, net$1,700
    2022operating lease liabilities, net of current portion$27,731
    2022long-term debt, net of current portion$114,610
    2022total liabilities$167,652
    2022stockholders' equity retained earnings$5,360
    2022restaurant sales - company-owned$70,009
    2022franchise royalty revenue and fees$34,478
    2022advertising funds revenue$10,825
    2022selling, general and administrative$18,737
    2022advertising$10,753
    2022depreciation and amortization$8,330
    2022lossMore than one value recorded for this year — open the FDD source before comparing-$98
    2022total costs and expenses$95,808
    2022interest expense, net$8,742
    2022income before income tax expense$10,763
    2022net income and comprehensive income$9,139
    2022deferred income taxes$1,267
    2022noncash interest expense$619
    2022changes in operating assets and liabilities accounts receivable, net-$1,832
    2022prepaid expense and other current assets-$1,970
    2022other assets-$248
    2022accounts payable-$51
    2022other accrued expenses$453
    2022other noncurrent liabilities$1,526
    2022operating lease liabilitiesMore than one value recorded for this year — open the FDD source before comparing-$125
    2022net cash provided by operating activities$17,635
    2022purchases of property and equipment-$5,090
    2022proceeds from sale of property and equipment$892
    2022repayments of term loan-$1,250
    2022net increase$12,186
    2022cash at beginning of period$11,077
    2022supplemental information cash paid for interest$8,215
    2022commonstock$219,625
    2022closing2022 retainedearnings$5,360
    2022closing2022 totalequity$224,985
    2022total current liabilities$12,497
    2022assets current assets cash$23,263
    2022goodwill$97,799
    2022other liabilities$1,112
    2022total revenue$115,312
    2022intangible assets, net$215,883
    2022total stockholders' equity$224,985
    2022right-of-use asset$625
    2022costs and expenses restaurant costs and expenses$58,086
    2022operating income$19,504
    2022income tax expense$1,624
    2022net cash used in investing activities-$4,199
    2022non-cash recognition of right-of-use assets and related lease liabilities$28,482
    2022lossMore than one value recorded for this year — open the FDD source before comparing-$98
    2022cash paid for taxes$420
    2022closing2022 commonshares$21,963
    2022closing2022 commonamount$219,625
    —opening predecessor commonshares$21,963
    —opening predecessor commonamount$219,625
    —opening predecessor retaineddeficit-$6,647
    —opening predecessor totalequity$212,978
    —predecessor stockpurchases commonshares-$4,280
    —predecessor stockpurchases treasuryshares$4,280
    —predecessor closing commonsharesMore than one value recorded for this year — open the FDD source before comparing$17,683
    —predecessor closing commonsharesMore than one value recorded for this year — open the FDD source before comparing$17,683
    —predecessor closing commonamount$219,625
    —predecessor closing treasuryshares$4,280
    —predecessor closing treasuryamount-$97,439
    —predecessor closing totalequity$90,917
    —successor closing memberinterests$311,927
    —successor closing accumulateddeficit-$9,529
    —opening commonshares$21,963
    —opening commonamount$219,625
    —opening retainedearnings-$3,779
    —opening totalequity$215,846
    —successor contributions memberinterests$311,850
    —predecessor closing retaineddeficit-$31,269

    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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    Litigation disclosure

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    Bankruptcy disclosure

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    Agreement term

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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 19 · PDF p. 47 · 2026 FDD

      Our summary: Table3 No. and % of Restaurants that Met or Exceeded the Average count — All

      “No. and % of Restaurants that Met or Exceeded the Average 208(48%) 18 (46%) 1 (33%) 228 (48%)”

      Note: The Item 19 lead-in reports 475 franchised restaurants open for all of FY2025, while Tables 3 and 4 show facility totals of 477; the all-franchised population and related all-group metric cannot be settled.

    • Item 19 · PDF p. 47 · 2026 FDD

      Our summary: Table3 Range of Weekly Gross Receipts — All

      “Range of Weekly Gross Receipts $12,160 - $78,573 $17,763 - $48,940 $23,442 - $29,035 $12,160 - $78,573”

      Note: The Item 19 lead-in reports 475 franchised restaurants open for all of FY2025, while Tables 3 and 4 show facility totals of 477; the all-franchised population and related all-group metric cannot be settled.

    • Item 19 · PDF p. 48 · 2026 FDD

      Our summary: Table5 system Range of Annual Gross Receipts

      “Range of Annual Gross Receipts $644,497 - $4,164,361”

      Note: The Item 19 lead-in gives 35 company-owned plus 475 full-year franchised restaurants (510 total), while Tables 3–6 use 477 franchised and 512 total; these all-franchise/all-system populations and metrics cannot be resolved from the cited pages.

    • Item 19 · PDF p. 48 · 2026 FDD

      Our summary: Table5 system Median Annual Gross Receipts

      “Median Annual Gross Receipts $1,859,310”

      Note: The Item 19 lead-in gives 35 company-owned plus 475 full-year franchised restaurants (510 total), while Tables 3–6 use 477 franchised and 512 total; these all-franchise/all-system populations and metrics cannot be resolved from the cited pages.

    • Item 19 · PDF p. 47 · 2026 FDD

      Our summary: Table4 Range of Annual Gross Receipts — All

      “Range of Annual Gross Receipts $644,497 - $4,164,361 $941,428 - $2,593,813 $1,242,452 - $1,538,855 $644,497 - $4,164,361”

      Note: The Item 19 lead-in gives 35 company-owned plus 475 full-year franchised restaurants (510 total), while Tables 3–6 use 477 franchised and 512 total; these all-franchise/all-system populations and metrics cannot be resolved from the cited pages.

    • Item 19 · PDF p. 48 · 2026 FDD

      Our summary: Table5 system No. and % of Restaurants that Met or Exceeded the Average percent

      “No. and % of Restaurants that Met or Exceeded the Average 244 (48%)”

      Note: The Item 19 lead-in gives 35 company-owned plus 475 full-year franchised restaurants (510 total), while Tables 3–6 use 477 franchised and 512 total; these all-franchise/all-system populations and metrics cannot be resolved from the cited pages.

    • Item 19 · PDF p. 48 · 2026 FDD

      Our summary: Table6 System Total — Average

      “Total 512 $1,894,445 $644,497 $4,164,361 $1,859,310 244 / 48%”

      Note: Table 6 total reports 512 locations, but Item 19 narrative reports 35 company-owned plus 475 franchised (510 total), while tables show 477 franchised (512 total). FDD does not resolve this system-total conflict.

    • Item 19 · PDF p. 48 · 2026 FDD

      Our summary: Table6 System Total — High

      “Total 512 $1,894,445 $644,497 $4,164,361 $1,859,310 244 / 48%”

      Note: Table 6 total reports 512 locations, but Item 19 narrative reports 35 company-owned plus 475 franchised (510 total), while tables show 477 franchised (512 total). FDD does not resolve this system-total conflict.

    • Item 19 · PDF p. 48 · 2026 FDD

      Our summary: Table6 System Total — Percent ataboveaverage

      “Total 512 $1,894,445 $644,497 $4,164,361 $1,859,310 244 / 48%”

      Note: Table 6 total reports 512 locations, but Item 19 narrative reports 35 company-owned plus 475 franchised (510 total), while tables show 477 franchised (512 total). FDD does not resolve this system-total conflict.

    • Item 19 · PDF p. 48 · 2026 FDD

      Our summary: Table7 Franchised Total — Median

      “Total 477 $1,859,481 $644,497 $4,164,361 $1,820,745 219 / 47%”

      Note: Table 7 reports 477 franchised restaurants, but the Item 19 narrative reports 475. This unresolved population conflict prevents settling the franchised total-row figures.

    • Item 19 · PDF p. 48 · 2026 FDD

      Our summary: Table7 Franchised Total — High

      “Total 477 $1,859,481 $644,497 $4,164,361 $1,820,745 219 / 47%”

      Note: Table 7 reports 477 franchised restaurants, but the Item 19 narrative reports 475. This unresolved population conflict prevents settling the franchised total-row figures.

    • Item 19 · PDF p. 48 · 2026 FDD

      Our summary: Table7 Franchised Total — Sample

      “Total 477 $1,859,481 $644,497 $4,164,361 $1,820,745 219 / 47%”

      Note: Table 7 reports 477 franchised restaurants, but the Item 19 narrative reports 475. This unresolved population conflict prevents settling the franchised total-row figures.

    • Item 19 · PDF p. 48 · 2026 FDD

      Our summary: Table7 Franchised Total — Percent ataboveaverage

      “Total 477 $1,859,481 $644,497 $4,164,361 $1,820,745 219 / 47%”

      Note: Table 7 reports 477 franchised restaurants, but the Item 19 narrative reports 475. This unresolved population conflict prevents settling the franchised total-row figures.

    • Item 19 · PDF p. 47 · 2026 FDD

      Our summary: Table4 No. and % of Restaurants that Met or Exceeded the Average percent — All

      “No. and % of Restaurants that Met or Exceeded the Average 208 (48%) 18 (46%) 3 (33%) 228 (48%)”

      Note: The Item 19 lead-in says 475 franchised restaurants were open all of FY2025, while Tables 3 and 4 total 477; this all-franchised population and metric cannot be reconciled from the cited pages.

    • Item 19 · PDF p. 48 · 2026 FDD

      Our summary: Table6 System Total — Count ataboveaverage

      “Total 512 $1,894,445 $644,497 $4,164,361 $1,859,310 244 / 48%”

      Note: Table 6 total reports 512 locations, but Item 19 narrative reports 35 company-owned plus 475 franchised (510 total), while tables show 477 franchised (512 total). FDD does not resolve this system-total conflict.

    • Item 19 · PDF p. 48 · 2026 FDD

      Our summary: Table6 System Total — Low

      “Total 512 $1,894,445 $644,497 $4,164,361 $1,859,310 244 / 48%”

      Note: Table 6 total reports 512 locations, but Item 19 narrative reports 35 company-owned plus 475 franchised (510 total), while tables show 477 franchised (512 total). FDD does not resolve this system-total conflict.

    • Item 19 · PDF p. 47 · 2026 FDD

      Our summary: Table3 Average Weekly Gross Receipts — All

      “Average Weekly Gross Receipts $35,251 $33,932 $26,141 $35,086”

      Note: The Item 19 lead-in says 475 franchised restaurants were open all of FY2025, while Table 3 lists 477 in its facility-type totals; the overall Table 3 population and its related all-group metric cannot be settled from these pages.

    • Item 19 · PDF p. 47 · 2026 FDD

      Our summary: Table4 Average Annual Gross Receipts — All

      “Average Annual Gross Receipts $1,868,226 $1,798,407 $1,385,497 $1,859,481”

      Note: The Item 19 lead-in says 475 franchised restaurants were open all of FY2025, while Tables 3 and 4 total 477; this all-franchised population and metric cannot be reconciled from the cited pages.

    • Item 19 · PDF p. 48 · 2026 FDD

      Our summary: Table7 Franchised Total — Count ataboveaverage

      “Total 477 $1,859,481 $644,497 $4,164,361 $1,820,745 219 / 47%”

      Note: Table 7 reports 477 franchised restaurants, but the Item 19 narrative reports 475. This unresolved population conflict prevents settling the franchised total-row figures.

    • Item 19 · PDF p. 47 · 2026 FDD

      Our summary: Table4 Number of Restaurants — All

      “Number of Restaurants 435 39 3 477”

      Note: The Item 19 lead-in says 475 franchised restaurants were open all of FY2025, while Tables 3 and 4 total 477; this all-franchised population and metric cannot be reconciled from the cited pages.

    • Item 19 · PDF p. 47 · 2026 FDD

      Our summary: Table3 No. and % of Restaurants that Met or Exceeded the Average percent — All

      “No. and % of Restaurants that Met or Exceeded the Average 208(48%) 18 (46%) 1 (33%) 228 (48%)”

      Note: The Item 19 lead-in reports 475 franchised restaurants open for all of FY2025, while Tables 3 and 4 show facility totals of 477; the all-franchised population and related all-group metric cannot be settled.

    • Item 19 · PDF p. 48 · 2026 FDD

      Our summary: Table5 system Average Annual Gross Receipts

      “Average Annual Gross Receipts $1,894,445”

      Note: The Item 19 lead-in gives 35 company-owned plus 475 full-year franchised restaurants (510 total), while Tables 3–6 use 477 franchised and 512 total; these all-franchise/all-system populations and metrics cannot be resolved from the cited pages.

    • Item 19 · PDF p. 48 · 2026 FDD

      Our summary: Table6 System Total — Sample

      “Total 512 $1,894,445 $644,497 $4,164,361 $1,859,310 244 / 48%”

      Note: Table 6 total reports 512 locations, but Item 19 narrative reports 35 company-owned plus 475 franchised (510 total), while tables show 477 franchised (512 total). FDD does not resolve this system-total conflict.

    • Item 19 · PDF p. 48 · 2026 FDD

      Our summary: Table6 System Total — Median

      “Total 512 $1,894,445 $644,497 $4,164,361 $1,859,310 244 / 48%”

      Note: Table 6 total reports 512 locations, but Item 19 narrative reports 35 company-owned plus 475 franchised (510 total), while tables show 477 franchised (512 total). FDD does not resolve this system-total conflict.

    • Item 19 · PDF p. 48 · 2026 FDD

      Our summary: Table7 Franchised Total — Low

      “Total 477 $1,859,481 $644,497 $4,164,361 $1,820,745 219 / 47%”

      Note: Table 7 reports 477 franchised restaurants, but the Item 19 narrative reports 475. This unresolved population conflict prevents settling the franchised total-row figures.

    • Item 19 · PDF p. 48 · 2026 FDD

      Our summary: Table5 system No. and % of Restaurants that Met or Exceeded the Average

      “No. and % of Restaurants that Met or Exceeded the Average 244 (48%)”

      Note: The Item 19 lead-in gives 35 company-owned plus 475 full-year franchised restaurants (510 total), while Tables 3–6 use 477 franchised and 512 total; these all-franchise/all-system populations and metrics cannot be resolved from the cited pages.

    • Item 19 · PDF p. 47 · 2026 FDD

      Our summary: Table4 Median Annual Gross Receipts — All

      “Median Annual Gross Receipts $1,836,394 $1,763,017 $1,375,095 $1,820,745”

      Note: The Item 19 lead-in gives 35 company-owned plus 475 full-year franchised restaurants (510 total), while Tables 3–6 use 477 franchised and 512 total; these all-franchise/all-system populations and metrics cannot be resolved from the cited pages.

    • Item 19 · PDF p. 47 · 2026 FDD

      Our summary: Table3 Median Weekly Gross Receipts — All

      “Median Weekly Gross Receipts $34,649 $33,264 $25,945 $34,354”

      Note: The Item 19 lead-in reports 475 franchised restaurants open for all of FY2025, while Tables 3 and 4 show facility totals of 477; the all-franchised population and related all-group metric cannot be settled.

    • Item 19 · PDF p. 47 · 2026 FDD

      Our summary: Table4 No. and % of Restaurants that Met or Exceeded the Average count — All

      “No. and % of Restaurants that Met or Exceeded the Average 208 (48%) 18 (46%) 3 (33%) 228 (48%)”

      Note: The Item 19 lead-in says 475 franchised restaurants were open all of FY2025, while Tables 3 and 4 total 477; this all-franchised population and metric cannot be reconciled from the cited pages.

    • Item 19 · PDF p. 48 · 2026 FDD

      Our summary: Table5 system Number of Restaurants

      “Number of Restaurants 512”

      Note: The Item 19 lead-in gives 35 company-owned plus 475 full-year franchised restaurants (510 total), while Tables 3–6 use 477 franchised and 512 total; these all-franchise/all-system populations and metrics cannot be resolved from the cited pages.

    • Item 19 · PDF p. 47 · 2026 FDD

      Our summary: Table3 No. and % of Restaurants that Met or Exceeded the Average count — Standalone

      “No. and % of Restaurants that Met or Exceeded the Average 208(48%) 18 (46%) 1 (33%) 228 (48%)”

      Note: The Item 19 lead-in says 475 franchised restaurants were open all of FY2025, while Table 3 lists 477 in its facility-type totals; the overall Table 3 population and its related all-group metric cannot be settled from these pages.

    • Item 19 · PDF p. 47 · 2026 FDD

      Our summary: Table3 Number of Restaurants — All

      “Number of Restaurants 435 39 3 477”

      Note: The Item 19 lead-in says 475 franchised restaurants were open all of FY2025, while Table 3 lists 477 in its facility-type totals; the overall Table 3 population and its related all-group metric cannot be settled from these pages.

    • Item 19 · PDF p. 48 · 2026 FDD

      Our summary: Table7 Franchised Total — Average

      “Total 477 $1,859,481 $644,497 $4,164,361 $1,820,745 219 / 47%”

      Note: Table 7 reports 477 franchised restaurants, but the Item 19 narrative reports 475. This unresolved population conflict prevents settling the franchised total-row figures.

    • Item 20 · PDF p. 58 · 2026 FDD

      Our summary: Table1 Company-Owned 2025 — Netchange

      “2025 36 38 +2”

      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.