Hyatt Regency
Franchise research report · reviewed 2026 disclosure data
Researching Hyatt Regency franchise opportunities? Every figure below is cited to the FDD.
Hyatt Regency is a collection of hotels and resorts offering guest accommodation, dining and event facilities. Properties host business meetings, conferences, group gatherings and leisure stays.
Headline figures
Quick facts
- How much does it cost to open a Hyatt Regency franchise?
- The Hyatt Regency Franchise Disclosure Document reports an estimated initial investment of $121,828,793–$200,357,221 (2026 FDD, Item 7, PDF p. 38). This is the franchisor's disclosed estimate, not a quote. Details
- What ongoing fees does Hyatt Regency charge?
- The disclosed ongoing royalty is $6 (2026 FDD, Item 6, PDF p. 21). The brand or advertising fund contribution is $1,027 (2026 FDD, Item 6, PDF p. 27). Other recurring fees are listed in Item 6. Details
- Does Hyatt Regency disclose financial performance (Item 19)?
- Yes. The Hyatt Regency FDD includes an Item 19 financial performance representation (2026 FDD, Item 19, PDF p. 81). Figures apply only to the locations and period each one covers. Details
- How many Hyatt Regency locations are there?
- The FDD reports 101 outlets at the end of 2025 (2026 FDD, Item 20, PDF p. 88). Existing locations do not indicate territory availability. Details
From reviewed FDD figures only. Not a recommendation or projection.
What the disclosures show
- 1Opening costs are estimated at $121,828,793 – $200,357,221 in the 2026 FDD (Item 7); several initial fee options apply.
- 2Item 19 covers 4 separate groups: other measures for 102 locations; other measures for 41 Franchisee owned/operated; may include affiliate joint ventures below 50% locations; other measures for 102 Franchised and owned/managed combined locations; other measures for 61 Affiliate owns at least 50% or manages for third party locations. They are not combined.
- 3Outlets grew by 1 in 2025, to 101 (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
Total estimated initial investment
2026 FDD · Item 7 · PDF p. 38
Ongoing Fees — Item 6
Selected recurring charges; payment bases and conditions remain attached to each fee.
- Royalty gross rooms revenueMain ongoing fee
82 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?
4 separate populations, shown apart. Revenue is not owner income.
Locations counted: not stated in the reviewed record
Other measures · 102 locations
- Who is counted
- Covered Hotels
- Method
- Unaudited; full-year hotels only; two new hotels excluded.
Locations counted: not stated in the reviewed record
Other measures · 41 locations
- Who is counted
- Franchised Covered Hotels
- Period
- Average occupancy
- Excluded
- 102 full-year hotels of 104; two opened during 2025 excluded; none excluded for temporary closure. Revenue figures exclude expenses and are not profit.
- Method
- Occupancy=room nights sold/available; ADR=gross rooms revenue/sold nights; RevPAR=gross rooms revenue/available nights, aggregated for group. Unaudited internal information except Smith Travel indices, independently compiled by Smith Travel; no independent investigation.
Locations counted: not stated in the reviewed record
Other measures · 102 locations
- Who is counted
- All Covered Hotels
- Period
- Average occupancy
- Excluded
- 102 full-year hotels of 104; two opened during 2025 excluded; none excluded for temporary closure. Revenue figures exclude expenses and are not profit.
- Method
- Occupancy=room nights sold/available; ADR=gross rooms revenue/sold nights; RevPAR=gross rooms revenue/available nights, aggregated for group. Unaudited internal information except Smith Travel indices, independently compiled by Smith Travel; no independent investigation.
Locations counted: not stated in the reviewed record
Other measures · 61 locations
- Who is counted
- Owned/Managed Covered Hotels
- Period
- Occupancy Median
- Excluded
- 102 full-year hotels of 104; two opened during 2025 excluded; none excluded for temporary closure. Revenue figures exclude expenses and are not profit.
- Method
- Occupancy=room nights sold/available; ADR=gross rooms revenue/sold nights; RevPAR=gross rooms revenue/available nights, aggregated for group. Unaudited internal information except Smith Travel indices, independently compiled by Smith Travel; no independent investigation.
These groups are never combined.
Outlet Changes — Item 20
How has the outlet count changed?
United States, as labeled in the FDD · counts as of December 31, 2025 of each year.
2026 FDD · Item 20 · PDF p. 88
Net −2 outlets, 2023–2025
Year-end counts reported in Item 20. The scale starts at zero, so the line looks nearly flat; the labels between the dots show each year's change. Openings and closures for 2025 haven't been pulled from the Item 20 tables yet, so no turnover or churn is shown.
Questions to investigate
Prompts based on what this brand's reviewed disclosures do and don't show — not conclusions. Join free as a member to save questions to your research.
For the franchisor
Which line items in the 2026 Item 7 estimate ($121,828,793 – $200,357,221) 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 100 to 101 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]Estimated initial investment — Item 7 · PDF p. 38
- [2]Item 19 — Locations counted not stated in the reviewed record — Covered Hotels · PDF p. 81; PDF p. 82
- [3]Item 19 — Locations counted not stated in the reviewed record — Franchised Covered Hotels · PDF p. 82; PDF p. 83; PDF p. 84; PDF p. 85; PDF p. 86
- [4]Item 19 — Locations counted not stated in the reviewed record — All Covered Hotels · PDF p. 82; PDF p. 83; PDF p. 84; PDF p. 85; PDF p. 86
- [5]Item 19 — Locations counted not stated in the reviewed record — Owned/Managed Covered Hotels · PDF p. 83; PDF p. 84; PDF p. 85; PDF p. 86; PDF p. 82
- [6]Outlet counts — Item 20, Table 1 · PDF p. 88
"PDF p." is the page in the PDF file; "printed p." is the number printed on the FDD page. Source document: FDD
Territory & operations
49 addresses in Franopolis's imported location list. Coverage may differ from Item 20 outlet counts.
These are contract disclosures, not confirmation that any territory is currently available.
Legal & agreement
Franchisor financial statements
| Fiscal year | Measure | Reported value |
|---|---|---|
| 2025 | base management fees | $446 |
| 2025 | incentive management fees | $272 |
| 2025 | gross fees | $1,198 |
| 2025 | net fees | $1,112 |
| 2025 | owned and leasedMore than one value recorded for this year — open the FDD source before comparing | $1,375 |
| 2025 | distributionMore than one value recorded for this year — open the FDD source before comparing | $946 |
| 2025 | other revenues | $39 |
| 2025 | for reimbursed costs | $3,629 |
| 2025 | total revenues | $7,101 |
| 2025 | general and administrative | $555 |
| 2025 | owned and leasedMore than one value recorded for this year — open the FDD source before comparing | $1,122 |
| 2025 | other direct costs | $73 |
| 2025 | depreciation and amortizationMore than one value recorded for this year — open the FDD source before comparing | $325 |
| 2025 | reimbursed costs | $3,682 |
| 2025 | total direct and general and administrative expenses | $6,753 |
| 2025 | equity earnings | -$46 |
| 2025 | gains | -$15 |
| 2025 | other income | $101 |
| 2025 | income before income taxes | $81 |
| 2025 | provision for income taxes | -$130 |
| 2025 | net incomeMore than one value recorded for this year — open the FDD source before comparing | -$49 |
| 2025 | basic | -$1 |
| 2025 | diluted | -$1 |
| 2025 | cash and cash equivalents | $787 |
| 2025 | other | $173 |
| 2025 | inventories | $8 |
| 2025 | prepaids and other assetsMore than one value recorded for this year — open the FDD source before comparing | $169 |
| 2025 | prepaid income taxesMore than one value recorded for this year — open the FDD source before comparing | $63 |
| 2025 | equity method investments | $186 |
| 2025 | operating lease right-of-use assets | $328 |
| 2025 | goodwill | $3,454 |
| 2025 | intangibles, net | $2,229 |
| 2025 | deferred tax assets | $518 |
| 2025 | other assets | $3,125 |
| 2025 | total assets | $14,036 |
| 2025 | current maturities of long-term debt | $6 |
| 2025 | accounts payable | $451 |
| 2025 | current contract liabilities | $1,584 |
| 2025 | accrued compensation and benefitsMore than one value recorded for this year — open the FDD source before comparing | $226 |
| 2025 | current operating lease liabilities | $35 |
| 2025 | long-term debt | $4,272 |
| 2025 | other long-term liabilitiesMore than one value recorded for this year — open the FDD source before comparing | $1,956 |
| 2025 | total liabilities | $10,377 |
| 2025 | net incomeMore than one value recorded for this year — open the FDD source before comparing | -$49 |
| 2025 | depreciation and amortizationMore than one value recorded for this year — open the FDD source before comparing | $325 |
| 2025 | gains) losses on sales of real estate and other | $15 |
| 2025 | total equity | $3,659 |
| 2025 | deferred income taxes | -$60 |
| 2025 | asset impairmentsMore than one value recorded for this year — open the FDD source before comparing | $40 |
| 2025 | equity | $46 |
| 2025 | contra revenueMore than one value recorded for this year — open the FDD source before comparing | $86 |
| 2025 | payments for key money assets | -$134 |
| 2025 | prepaid income taxesMore than one value recorded for this year — open the FDD source before comparing | -$82 |
| 2025 | prepaids and other assetsMore than one value recorded for this year — open the FDD source before comparing | -$26 |
| 2025 | other long-term assets | -$11 |
| 2025 | accounts payable, accrued expenses, and other current liabilities | -$176 |
| 2025 | deferred revenue related to the loyalty program | $271 |
| 2025 | operating lease liabilities | -$35 |
| 2025 | accrued compensation and benefitsMore than one value recorded for this year — open the FDD source before comparing | $22 |
| 2025 | other long-term liabilitiesMore than one value recorded for this year — open the FDD source before comparing | -$28 |
| 2025 | net cash provided by operating activities | $379 |
| 2025 | purchases of marketable securities and short-term investments | -$714 |
| 2025 | proceeds from marketable securities and short-term investments | $958 |
| 2025 | contributions to equity method and other investments | -$82 |
| 2025 | acquisitions, net of cash acquired | -$1,274 |
| 2025 | capital expenditures | -$220 |
| 2025 | other investing activities | $5 |
| 2025 | net cash provided by | $357 |
| 2025 | repayments and repurchases of debt | -$3,629 |
| 2025 | repurchases of common stock | -$293 |
| 2025 | dividends paid | -$57 |
| 2025 | other financing activities | -$28 |
| 2025 | net cash used in financing activities | -$954 |
| 2025 | effect of exchange rate changes on cash | -$9 |
| 2025 | net increaseMore than one value recorded for this year — open the FDD source before comparing | -$227 |
| 2025 | beginning of year | $1,015 |
| 2025 | end of year | $788 |
| 2025 | total stockholders' equity | $3,334 |
| 2025 | noncontrolling interests | $325 |
| 2025 | change in receivables net | $58 |
| 2025 | proceeds from real estate sales and other net | $1,666 |
| 2025 | proceeds from debt net issuance costs | $3,080 |
| 2025 | retained earnings | $3,482 |
| 2025 | distributionMore than one value recorded for this year — open the FDD source before comparing | $823 |
| 2025 | property and equipment, net | $1,577 |
| 2025 | asset impairmentsMore than one value recorded for this year — open the FDD source before comparing | -$40 |
| 2025 | total current assets | $2,177 |
| 2025 | accrued expenses and other current liabilities | $592 |
| 2025 | total current liabilities | $2,894 |
| 2025 | contra revenueMore than one value recorded for this year — open the FDD source before comparing | -$86 |
| 2025 | interest expense | -$317 |
| 2025 | restricted cash | $1 |
| 2025 | long-term operating lease liabilities | $243 |
| 2025 | financing receivables net | $442 |
| 2025 | net incomeMore than one value recorded for this year — open the FDD source before comparing | -$52 |
| 2025 | contingent consideration liabilities fair value adjustments | -$37 |
| 2025 | payment of withholding taxes for stock-based compensation | -$27 |
| 2025 | amortization of share awards | $74 |
| 2025 | net gains | $50 |
| 2025 | short-term investments | $26 |
| 2025 | return of equity method and other investments | $20 |
| 2025 | transaction and integration costs | $173 |
| 2025 | franchise and other fees | $480 |
| 2025 | long-term contract liabilities | $1,012 |
| 2025 | gains) losses, net on marketable securities | -$19 |
| 2025 | contract liabilities | -$108 |
| 2025 | proceeds from financing receivables | $14 |
| 2025 | issuance of financing receivables | -$16 |
| 2025 | net increaseMore than one value recorded for this year — open the FDD source before comparing | -$227 |
| 2025 | accumulated other comprehensive loss | -$149 |
| 2025 | receivables net | $1,123 |
| 2025 | amortization of operating lease right-of-use assets | $34 |
| 2024 | base management fees | $399 |
| 2024 | incentive management fees | $242 |
| 2024 | franchise and other fees | $458 |
| 2024 | contra revenueMore than one value recorded for this year — open the FDD source before comparing | -$69 |
| 2024 | distributionMore than one value recorded for this year — open the FDD source before comparing | $1,023 |
| 2024 | for reimbursed costs | $3,352 |
| 2024 | general and administrative | $548 |
| 2024 | owned and leasedMore than one value recorded for this year — open the FDD source before comparing | $925 |
| 2024 | other direct costs | $94 |
| 2024 | transaction and integration costs | $42 |
| 2024 | reimbursed costs | $3,457 |
| 2024 | net gains | $49 |
| 2024 | gains | $1,245 |
| 2024 | asset impairmentsMore than one value recorded for this year — open the FDD source before comparing | -$213 |
| 2024 | provision for income taxes | -$267 |
| 2024 | net incomeMore than one value recorded for this year — open the FDD source before comparing | $1,296 |
| 2024 | net incomeMore than one value recorded for this year — open the FDD source before comparing | $1,296 |
| 2024 | basic | $13 |
| 2024 | cash and cash equivalents | $1,011 |
| 2024 | restricted cash | $1 |
| 2024 | inventories | $8 |
| 2024 | prepaid income taxesMore than one value recorded for this year — open the FDD source before comparing | $46 |
| 2024 | total current assets | $2,733 |
| 2024 | equity method investments | $189 |
| 2024 | property and equipment, net | $1,689 |
| 2024 | intangibles, net | $2,167 |
| 2024 | other assets | $2,843 |
| 2024 | current maturities of long-term debt | $456 |
| 2024 | current contract liabilities | $1,553 |
| 2024 | current operating lease liabilities | $33 |
| 2024 | total current liabilities | $3,274 |
| 2024 | long-term debt | $3,326 |
| 2024 | long-term contract liabilities | $843 |
| 2024 | total stockholders' equity | $3,547 |
| 2024 | other long-term liabilitiesMore than one value recorded for this year — open the FDD source before comparing | $1,810 |
| 2024 | net incomeMore than one value recorded for this year — open the FDD source before comparing | $1,296 |
| 2024 | depreciation and amortizationMore than one value recorded for this year — open the FDD source before comparing | $333 |
| 2024 | gains) losses on sales of real estate and other | -$1,245 |
| 2024 | amortization of share awards | $64 |
| 2024 | amortization of operating lease right-of-use assets | $36 |
| 2024 | deferred income taxes | -$123 |
| 2024 | contra revenueMore than one value recorded for this year — open the FDD source before comparing | $69 |
| 2024 | gains) losses, net on marketable securities | -$54 |
| 2024 | contingent consideration liabilities fair value adjustments | -$39 |
| 2024 | prepaid income taxesMore than one value recorded for this year — open the FDD source before comparing | $65 |
| 2024 | prepaids and other assetsMore than one value recorded for this year — open the FDD source before comparing | -$116 |
| 2024 | other long-term assets | -$6 |
| 2024 | accounts payable, accrued expenses, and other current liabilities | $56 |
| 2024 | total equity | $3,826 |
| 2024 | other long-term liabilitiesMore than one value recorded for this year — open the FDD source before comparing | -$6 |
| 2024 | contributions to equity method and other investments | -$88 |
| 2024 | return of equity method and other investments | $62 |
| 2024 | capital expenditures | -$170 |
| 2024 | issuance of financing receivables | -$136 |
| 2024 | proceeds from financing receivables | $51 |
| 2024 | repayments and repurchases of debt | -$750 |
| 2024 | repurchases of common stock | -$1,190 |
| 2024 | payment of withholding taxes for stock-based compensation | -$43 |
| 2024 | other financing activities | $1 |
| 2024 | effect of exchange rate changes on cash | -$3 |
| 2024 | net increaseMore than one value recorded for this year — open the FDD source before comparing | $96 |
| 2024 | noncontrolling interests | $279 |
| 2024 | receivables net | $1,121 |
| 2024 | financing receivables net | $368 |
| 2024 | change in receivables net | -$15 |
| 2024 | retained earnings | $3,815 |
| 2024 | interest expense | -$180 |
| 2024 | accrued expenses and other current liabilities | $565 |
| 2024 | beginning of year | $919 |
| 2024 | gross fees | $1,099 |
| 2024 | deferred tax assets | $466 |
| 2024 | total direct and general and administrative expenses | $6,274 |
| 2024 | net fees | $1,030 |
| 2024 | other revenues | $69 |
| 2024 | short-term investments | $372 |
| 2024 | owned and leasedMore than one value recorded for this year — open the FDD source before comparing | $1,174 |
| 2024 | equity earnings | $31 |
| 2024 | goodwill | $2,541 |
| 2024 | accounts payable | $475 |
| 2024 | long-term operating lease liabilities | $245 |
| 2024 | depreciation and amortizationMore than one value recorded for this year — open the FDD source before comparing | $333 |
| 2024 | equity | -$31 |
| 2024 | contract liabilities | $48 |
| 2024 | accrued compensation and benefitsMore than one value recorded for this year — open the FDD source before comparing | -$6 |
| 2024 | net cash provided by operating activities | $633 |
| 2024 | total revenues | $6,648 |
| 2024 | distributionMore than one value recorded for this year — open the FDD source before comparing | $875 |
| 2024 | other income | $257 |
| 2024 | total assets | $13,324 |
| 2024 | income before income taxes | $1,563 |
| 2024 | diluted | $13 |
| 2024 | prepaids and other assetsMore than one value recorded for this year — open the FDD source before comparing | $174 |
| 2024 | operating lease right-of-use assets | $328 |
| 2024 | accrued compensation and benefitsMore than one value recorded for this year — open the FDD source before comparing | $192 |
| 2024 | total liabilities | $9,498 |
| 2024 | payments for key money assets | -$153 |
| 2024 | deferred revenue related to the loyalty program | $203 |
| 2024 | other | $79 |
| 2024 | operating lease liabilities | -$35 |
| 2024 | proceeds from marketable securities and short-term investments | $1,338 |
| 2024 | dividends paid | -$60 |
| 2024 | net cash used in financing activities | -$618 |
| 2024 | purchases of marketable securities and short-term investments | -$1,775 |
| 2024 | acquisitions, net of cash acquired | -$609 |
| 2024 | other investing activities | -$13 |
| 2024 | net cash provided by | $81 |
| 2024 | net increaseMore than one value recorded for this year — open the FDD source before comparing | $93 |
| 2024 | end of year | $1,015 |
| 2024 | accumulated other comprehensive loss | -$269 |
| 2024 | proceeds from debt net issuance costs | $1,424 |
| 2024 | proceeds from real estate sales and other net | $1,421 |
| 2024 | asset impairmentsMore than one value recorded for this year — open the FDD source before comparing | $213 |
| 2023 | incentive management fees | $232 |
| 2023 | franchise and other fees | $364 |
| 2023 | gross fees | $970 |
| 2023 | contra revenueMore than one value recorded for this year — open the FDD source before comparing | -$47 |
| 2023 | net fees | $923 |
| 2023 | owned and leasedMore than one value recorded for this year — open the FDD source before comparing | $1,339 |
| 2023 | for reimbursed costs | $3,058 |
| 2023 | total revenues | $6,667 |
| 2023 | owned and leasedMore than one value recorded for this year — open the FDD source before comparing | $1,022 |
| 2023 | other direct costs | $336 |
| 2023 | transaction and integration costs | $42 |
| 2023 | depreciation and amortizationMore than one value recorded for this year — open the FDD source before comparing | $397 |
| 2023 | total direct and general and administrative expenses | $6,378 |
| 2023 | net gains | $55 |
| 2023 | equity earnings | -$1 |
| 2023 | interest expense | -$145 |
| 2023 | asset impairmentsMore than one value recorded for this year — open the FDD source before comparing | -$30 |
| 2023 | other income | $124 |
| 2023 | income before income taxes | $310 |
| 2023 | basic | $2 |
| 2023 | diluted | $2 |
| 2023 | amortization of share awards | $75 |
| 2023 | amortization of operating lease right-of-use assets | $42 |
| 2023 | deferred income taxes | -$125 |
| 2023 | asset impairmentsMore than one value recorded for this year — open the FDD source before comparing | $30 |
| 2023 | contra revenueMore than one value recorded for this year — open the FDD source before comparing | $47 |
| 2023 | gains) losses, net on marketable securities | -$34 |
| 2023 | contingent consideration liabilities fair value adjustments | $9 |
| 2023 | payments for key money assets | -$132 |
| 2023 | contract liabilities | $290 |
| 2023 | deferred revenue related to the loyalty program | $202 |
| 2023 | operating lease liabilities | -$43 |
| 2023 | accrued compensation and benefits | -$22 |
| 2023 | net cash provided by operating activities | $800 |
| 2023 | purchases of marketable securities and short-term investments | -$483 |
| 2023 | proceeds from marketable securities and short-term investments | $576 |
| 2023 | acquisitions, net of cash acquired | -$175 |
| 2023 | capital expenditures | -$198 |
| 2023 | issuance of financing receivables | -$43 |
| 2023 | other investing activities | $3 |
| 2023 | repayments and repurchases of debt | -$660 |
| 2023 | dividends paid | -$47 |
| 2023 | other financing activities | $2 |
| 2023 | net cash used in financing activities | -$578 |
| 2023 | net increaseMore than one value recorded for this year — open the FDD source before comparing | -$145 |
| 2023 | net increaseMore than one value recorded for this year — open the FDD source before comparing | -$148 |
| 2023 | beginning of year | $1,067 |
| 2023 | end of year | $919 |
| 2023 | proceeds from real estate sales and other net | -$10 |
| 2023 | proceeds from debt net issuance costs | $596 |
| 2023 | other revenues | $300 |
| 2023 | gains | $18 |
| 2023 | general and administrative | $578 |
| 2023 | net incomeMore than one value recorded for this year — open the FDD source before comparing | $220 |
| 2023 | net incomeMore than one value recorded for this year — open the FDD source before comparing | $220 |
| 2023 | provision for income taxes | -$90 |
| 2023 | gains) losses on sales of real estate and other | -$18 |
| 2023 | return of equity method and other investments | $7 |
| 2023 | repurchases of common stock | -$453 |
| 2023 | base management fees | $374 |
| 2023 | reimbursed costs | $3,144 |
| 2023 | distributionMore than one value recorded for this year — open the FDD source before comparing | $859 |
| 2023 | net incomeMore than one value recorded for this year — open the FDD source before comparing | $220 |
| 2023 | depreciation and amortizationMore than one value recorded for this year — open the FDD source before comparing | $397 |
| 2023 | other | $85 |
| 2023 | other long-term assets | -$92 |
| 2023 | distributionMore than one value recorded for this year — open the FDD source before comparing | $1,047 |
| 2023 | equity | $1 |
| 2023 | contributions to equity method and other investments | -$43 |
| 2023 | proceeds from financing receivables | $1 |
| 2023 | prepaid income taxes | -$24 |
| 2023 | accounts payable, accrued expenses, and other current liabilities | -$29 |
| 2023 | other long-term liabilities | -$13 |
| 2023 | prepaids and other assets | -$66 |
| 2023 | payment of withholding taxes for stock-based compensation | -$16 |
| 2023 | effect of exchange rate changes on cash | -$2 |
| 2023 | net cash provided by | -$365 |
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
Not reviewed
Owner participation
Not reviewed
Territory language
Litigation disclosure
Not reviewed
Bankruptcy disclosure
Not reviewed
Agreement term
Not reviewed
Reader notes on wording
Our automated check found that these summaries may not match the FDD's exact wording. Read the FDD excerpt itself; it is the authoritative text. Core cost, fee, Item 19 and outlet figures are not affected.
Item 20 · PDF p. 88 · 2026 FDD
Our summary: Table 1 Company-owned/managed 2025 — Start
“2025 59 58 -1”
Note: Item 20 claim is state/geography-specific or not a national/systemwide Total row; it cannot be verified under the required scope.
Item 20 · PDF p. 88 · 2026 FDD
Our summary: Table 1 Franchised 2023 — Start
“2023 39 40 +1”
Note: Item 20 claim is state/geography-specific or not a national/systemwide Total row; it cannot be verified under the required scope.
Item 20 · PDF p. 88 · 2026 FDD
Our summary: Table 1 Systemwide 2025 — End
“2025 100 101 +1”
Note: Item 20 claim is state/geography-specific or not a national/systemwide Total row; it cannot be verified under the required scope.
Item 20 · PDF p. 91 · 2026 FDD
Our summary: Table 3 New York 2024 — Reacquired
“2024 4 0 0 0 0 0 4”
Note: This is a state-specific Item 20 entry. The review criteria allow only national/systemwide Total rows.
Item 20 · PDF p. 91 · 2026 FDD
Our summary: Table 3 New York 2025 — Start
“2025 4 1 0 0 0 0 5”
Note: This is a state-specific Item 20 entry. The review criteria allow only national/systemwide Total rows.
Item 20 · PDF p. 91 · 2026 FDD
Our summary: Table 3 New York 2023 — Start
“2023 4 0 0 0 0 0 4”
Note: This is a state-specific Item 20 entry. The review criteria allow only national/systemwide Total rows.
Item 20 · PDF p. 91 · 2026 FDD
Our summary: Table 3 New York 2023 — Terminations
“2023 4 0 0 0 0 0 4”
Note: This is a state-specific Item 20 entry. The review criteria allow only national/systemwide Total rows.
Item 20 · PDF p. 91 · 2026 FDD
Our summary: Table 3 New Jersey 2025 — Reacquired
“2025 2 0 0 0 0 0 2”
Note: This is a state-specific Item 20 entry. The review criteria allow only national/systemwide Total rows.
Item 20 · PDF p. 91 · 2026 FDD
Our summary: Table 3 New York 2024 — Opened
“2024 4 0 0 0 0 0 4”
Note: This is a state-specific Item 20 entry. The review criteria allow only national/systemwide Total rows.
Item 20 · PDF p. 91 · 2026 FDD
Our summary: Table 3 New York 2023 — Opened
“2023 4 0 0 0 0 0 4”
Note: This is a state-specific Item 20 entry. The review criteria allow only national/systemwide Total rows.
Item 20 · PDF p. 91 · 2026 FDD
Our summary: Table 3 New York 2023 — Ceased other
“2023 4 0 0 0 0 0 4”
Note: This is a state-specific Item 20 entry. The review criteria allow only national/systemwide Total rows.
Item 20 · PDF p. 91 · 2026 FDD
Our summary: Table 3 New York 2023 — Reacquired
“2023 4 0 0 0 0 0 4”
Note: This is a state-specific Item 20 entry. The review criteria allow only national/systemwide Total rows.
Item 20 · PDF p. 91 · 2026 FDD
Our summary: Table 3 Ohio 2023 — Start
“2023 1 0 0 0 0 0 1”
Note: This is a state-specific Item 20 entry. The review criteria allow only national/systemwide Total rows.
Item 20 · PDF p. 91 · 2026 FDD
Our summary: Table 3 Ohio 2023 — Ceased other
“2023 1 0 0 0 0 0 1”
Note: This is a state-level Item 20 entry. The review criteria allow only national/systemwide Total rows.
Item 20 · PDF p. 91 · 2026 FDD
Our summary: Table 3 New York 2025 — Nonrenewals
“2025 4 1 0 0 0 0 5”
Note: This is a state-specific Item 20 entry. The review criteria allow only national/systemwide Total rows.
Item 20 · PDF p. 91 · 2026 FDD
Our summary: Table 3 New York 2025 — Ceased other
“2025 4 1 0 0 0 0 5”
Note: This is a state-specific Item 20 entry. The review criteria allow only national/systemwide Total rows.
Item 20 · PDF p. 91 · 2026 FDD
Our summary: Table 3 Ohio 2023 — Reacquired
“2023 1 0 0 0 0 0 1”
Note: This is a state-specific Item 20 entry. The review criteria allow only national/systemwide Total rows.
Item 20 · PDF p. 91 · 2026 FDD
Our summary: Table 3 Ohio 2024 — Reacquired
“2024 1 0 0 0 0 0 1”
Note: This is a state-level Item 20 entry. The review criteria allow only national/systemwide Total rows.
Item 20 · PDF p. 91 · 2026 FDD
Our summary: Table 3 Ohio 2023 — Terminations
“2023 1 0 0 0 0 0 1”
Note: This is a state-specific Item 20 entry. The review criteria allow only national/systemwide Total rows.
Item 20 · PDF p. 91 · 2026 FDD
Our summary: Table 3 Ohio 2024 — Start
“2024 1 0 0 0 0 0 1”
Note: This is a state-level Item 20 entry. The review criteria allow only national/systemwide Total rows.
Item 20 · PDF p. 91 · 2026 FDD
Our summary: Table 3 Ohio 2024 — Nonrenewals
“2024 1 0 0 0 0 0 1”
Note: This is a state-level Item 20 entry. The review criteria allow only national/systemwide Total rows.
Item 20 · PDF p. 91 · 2026 FDD
Our summary: Table 3 Ohio 2025 — End
“2025 1 0 0 0 0 0 1”
Note: This is a state-specific Item 20 entry. The review criteria allow only national/systemwide Total rows.
Item 20 · PDF p. 91 · 2026 FDD
Our summary: Table 3 Oklahoma 2023 — End
“2023 1 0 0 0 0 0 1”
Note: This is a state-specific Item 20 entry. The review criteria allow only national/systemwide Total rows.
Item 20 · PDF p. 91 · 2026 FDD
Our summary: Table 3 Ohio 2025 — Nonrenewals
“2025 1 0 0 0 0 0 1”
Note: This is a state-level Item 20 entry. The review criteria allow only national/systemwide Total rows.
Item 20 · PDF p. 91 · 2026 FDD
Our summary: Table 3 Oklahoma 2024 — Terminations
“2024 1 0 0 0 0 0 1”
Note: This is a state-specific Item 20 entry. The review criteria allow only national/systemwide Total rows.
Item 20 · PDF p. 91 · 2026 FDD
Our summary: Table 3 Ohio 2025 — Ceased other
“2025 1 0 0 0 0 0 1”
Note: This is a state-specific Item 20 entry. The review criteria allow only national/systemwide Total rows.
Item 20 · PDF p. 91 · 2026 FDD
Our summary: Table 3 Ohio 2025 — Opened
“2025 1 0 0 0 0 0 1”
Note: This is a state-level Item 20 entry. The review criteria allow only national/systemwide Total rows.
Item 20 · PDF p. 91 · 2026 FDD
Our summary: Table 3 Oklahoma 2024 — Opened
“2024 1 0 0 0 0 0 1”
Note: This is a state-specific Item 20 entry. The review criteria allow only national/systemwide Total rows.
Item 20 · PDF p. 91 · 2026 FDD
Our summary: Table 3 Ohio 2025 — Terminations
“2025 1 0 0 0 0 0 1”
Note: This is a state-level Item 20 entry. The review criteria allow only national/systemwide Total rows.
Item 20 · PDF p. 91 · 2026 FDD
Our summary: Table 3 Oklahoma 2024 — Start
“2024 1 0 0 0 0 0 1”
Note: This is a state-specific Item 20 entry. The review criteria allow only national/systemwide Total rows.
Item 20 · PDF p. 91 · 2026 FDD
Our summary: Table 3 Pennsylvania 2023 — Nonrenewals
“2023 1 0 0 0 0 0 1”
Note: This is a state-specific Item 20 entry. The review criteria allow only national/systemwide Total rows.
Item 20 · PDF p. 91 · 2026 FDD
Our summary: Table 3 Pennsylvania 2023 — Ceased other
“2023 1 0 0 0 0 0 1”
Note: This is a state-specific Item 20 entry. The review criteria allow only national/systemwide Total rows.
Item 20 · PDF p. 91 · 2026 FDD
Our summary: Table 3 Pennsylvania 2024 — Start
“2024 1 0 0 0 0 0 1”
Note: This is a state-specific Item 20 entry. The review criteria allow only national/systemwide Total rows.
Item 20 · PDF p. 91 · 2026 FDD
Our summary: Table 3 Pennsylvania 2023 — Opened
“2023 1 0 0 0 0 0 1”
Note: This is a state-specific Item 20 entry. The review criteria allow only national/systemwide Total rows.
Item 20 · PDF p. 91 · 2026 FDD
Our summary: Table 3 Pennsylvania 2023 — Terminations
“2023 1 0 0 0 0 0 1”
Note: This is a state-specific Item 20 entry. The review criteria allow only national/systemwide Total rows.
Item 20 · PDF p. 91 · 2026 FDD
Our summary: Table 3 Pennsylvania 2023 — Reacquired
“2023 1 0 0 0 0 0 1”
Note: This is a state-specific Item 20 entry. The review criteria allow only national/systemwide Total rows.
Item 20 · PDF p. 91 · 2026 FDD
Our summary: Table 3 Pennsylvania 2024 — Opened
“2024 1 0 0 0 0 0 1”
Note: This is a state-specific Item 20 entry. The review criteria allow only national/systemwide Total rows.
Item 20 · PDF p. 91 · 2026 FDD
Our summary: Table 3 Oklahoma 2024 — Ceased other
“2024 1 0 0 0 0 0 1”
Note: This is a state-specific Item 20 entry. The review criteria allow only national/systemwide Total rows.
Item 20 · PDF p. 91 · 2026 FDD
Our summary: Table 3 Pennsylvania 2023 — End
“2023 1 0 0 0 0 0 1”
Note: This is a state-specific Item 20 entry. The review criteria allow only national/systemwide Total rows.
Item 20 · PDF p. 91 · 2026 FDD
Our summary: Table 3 South Carolina 2023 — Opened
“2023 1 0 0 0 0 0 1”
Note: This is a state-specific Item 20 entry. The review criteria allow only national/systemwide Total rows.
Item 20 · PDF p. 91 · 2026 FDD
Our summary: Table 3 Pennsylvania 2024 — End
“2024 1 0 0 0 0 0 1”
Note: This is a state-specific Item 20 entry. The review criteria allow only national/systemwide Total rows.
Item 20 · PDF p. 91 · 2026 FDD
Our summary: Table 3 Pennsylvania 2025 — Reacquired
“2025 1 0 0 0 0 0 1”
Note: This is a state-specific Item 20 entry. The review criteria allow only national/systemwide Total rows.
Item 20 · PDF p. 91 · 2026 FDD
Our summary: Table 3 South Carolina 2023 — Ceased other
“2023 1 0 0 0 0 0 1”
Note: This is a state-specific Item 20 entry. The review criteria allow only national/systemwide Total rows.
Item 20 · PDF p. 91 · 2026 FDD
Our summary: Table 3 Pennsylvania 2025 — Nonrenewals
“2025 1 0 0 0 0 0 1”
Note: This is a state-specific Item 20 entry. The review criteria allow only national/systemwide Total rows.
Item 20 · PDF p. 91 · 2026 FDD
Our summary: Table 3 South Carolina 2023 — Start
“2023 1 0 0 0 0 0 1”
Note: This is a state-specific Item 20 entry. The review criteria allow only national/systemwide Total rows.
Item 20 · PDF p. 91 · 2026 FDD
Our summary: Table 3 South Carolina 2023 — End
“2023 1 0 0 0 0 0 1”
Note: This is a state-specific Item 20 entry. The review criteria allow only national/systemwide Total rows.
Item 20 · PDF p. 91 · 2026 FDD
Our summary: Table 3 Pennsylvania 2025 — End
“2025 1 0 0 0 0 0 1”
Note: This is a state-specific Item 20 entry. The review criteria allow only national/systemwide Total rows.
Item 20 · PDF p. 91 · 2026 FDD
Our summary: Table 3 Pennsylvania 2025 — Terminations
“2025 1 0 0 0 0 0 1”
Note: This is a state-specific Item 20 entry. The review criteria allow only national/systemwide Total rows.
Item 20 · PDF p. 91 · 2026 FDD
Our summary: Table 3 South Carolina 2025 — Terminations
“2025 1 0 0 0 0 0 1”
Note: This is a state-specific Item 20 entry. The review criteria allow only national/systemwide Total rows.
Item 20 · PDF p. 92 · 2026 FDD
Our summary: Table 3 Texas 2023 — Terminations
“2023 3 0 0 0 0 0 3”
Note: This is a state-specific Item 20 entry. The review criteria allow only national/systemwide Total rows.
Independent analysis of franchisor-provided data. Not investment advice. Franopolis does not distribute FDDs.