N2
Franchise research report · reviewed 2026 disclosure data
Researching N2 franchise opportunities? Every figure below is cited to the FDD.
N2 franchises local media businesses that produce community publications and connect local businesses with potential customers through advertising. Its audience includes residents who read the publications and businesses seeking local advertising.
Headline figures
Quick facts
- How much does it cost to open a N2 franchise?
- The N2 Franchise Disclosure Document reports an estimated initial investment of $1,925–$13,460 (2026 FDD, Item 7, PDF p. 34). This is the franchisor's disclosed estimate, not a quote. Details
- What is the N2 initial franchise fee?
- The disclosed initial franchise fee for a standard single unit is $735 (2026 FDD, Item 5, PDF p. 14). Other fee options (for example multi-unit or conversion) are listed separately in the report. Details
- What ongoing fees does N2 charge?
- The disclosed ongoing royalty is 2) — 15% (2026 FDD, Item 6, PDF p. 15). Other recurring fees are listed in Item 6. Details
- Does N2 disclose financial performance (Item 19)?
- Yes. The N2 FDD includes an Item 19 financial performance representation (2026 FDD, Item 19, PDF p. 60). Figures apply only to the locations and period each one covers. Details
- How many N2 locations are there?
- The FDD reports 334 outlets at the end of 2026 (2026 FDD, Item 20, PDF p. 63). 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 $1,925 – $13,460 in the 2026 FDD (Item 7); several initial fee options apply.
- 2Item 19 covers 19 separate groups: other measures for 10 FranchisedBELOCAL locations; other measures for 10 FranchisedBELOCAL locations; other measures for 10 FranchisedBELOCAL locations; other measures for 10 FranchisedBELOCAL locations; other measures for 8 FranchisedBELOCAL locations; other measures for 1 FranchisedBELOCAL locations; other measures for 1 FranchisedBELOCAL locations; other measures for 8 FranchisedBELOCAL locations; other measures for 1 FranchisedBELOCAL locations; other measures for 1 FranchisedBELOCAL locations; other measures for 8 FranchisedBELOCAL locations; other measures for 1 FranchisedBELOCAL locations; other measures for 1 FranchisedBELOCAL locations; other measures for 8 FranchisedBELOCAL locations; other measures for 1 FranchisedBELOCAL locations; other measures for 1 FranchisedBELOCAL locations; other measures for FranchisedBELOCAL locations; other measures for FranchisedBELOCAL locations; other measures for FranchisedBELOCAL locations. They are not combined.
- 3Outlets grew by 10 in 2026, to 334 (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. 34
Standard single-unit franchise fee
2026 FDD · Item 5 · PDF p. 14
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.
- RoyaltyMain ongoing fee
81 reported fees, each with its payment basis, are listed below; they haven't been sorted into recurring, initial and occasional groups yet.
Financial Performance — Item 19
What results are disclosed—and for which locations?
19 separate populations, shown apart. Revenue is not owner income.
Locations counted: not stated in the reviewed record
Other measures · 10 locations
- Who is counted
- Yearly top10% publications
- Excluded
- Under1year/notfullreportingperiodexcluded;4franchiseesdifferentcommissionformula, affiliatepublications,13TestPublications excluded.
- Method
- Unaudited commissionpayments afterroyalty/publicationexpenses/fees, notnetincome; no computationannualfrommonthly. Publicationsdifferentpopulationfromfranchisees; annualvsmonthly2publicationfranchiseecount7vs5retained.
Locations counted: not stated in the reviewed record
Other measures · 10 locations
- Who is counted
- Yearly bottom10% publications
- Excluded
- Under1year/notfullreportingperiodexcluded;4franchiseesdifferentcommissionformula, affiliatepublications,13TestPublications excluded.
- Method
- Unaudited commissionpayments afterroyalty/publicationexpenses/fees, notnetincome; no computationannualfrommonthly. Publicationsdifferentpopulationfromfranchisees; annualvsmonthly2publicationfranchiseecount7vs5retained.
Locations counted: not stated in the reviewed record
Other measures · 10 locations
- Who is counted
- Monthly top10% publications
- Excluded
- Under1year/notfullreportingperiodexcluded;4franchiseesdifferentcommissionformula, affiliatepublications,13TestPublications excluded.
- Method
- Unaudited commissionpayments afterroyalty/publicationexpenses/fees, notnetincome; no computationannualfrommonthly. Publicationsdifferentpopulationfromfranchisees; annualvsmonthly2publicationfranchiseecount7vs5retained.
Locations counted: not stated in the reviewed record
Other measures · 10 locations
- Who is counted
- Monthly bottom10% publications
- Excluded
- Under1year/notfullreportingperiodexcluded;4franchiseesdifferentcommissionformula, affiliatepublications,13TestPublications excluded.
- Method
- Unaudited commissionpayments afterroyalty/publicationexpenses/fees, notnetincome; no computationannualfrommonthly. Publicationsdifferentpopulationfromfranchisees; annualvsmonthly2publicationfranchiseecount7vs5retained.
Locations counted: not stated in the reviewed record
Other measures · 8 locations
- Who is counted
- Yearly 1publicationfranchisees Top10%
- Excluded
- Under1year/notfullreportingperiodexcluded;4franchiseesdifferentcommissionformula, affiliatepublications,13TestPublications excluded.
- Method
- Unaudited commissionpayments afterroyalty/publicationexpenses/fees, notnetincome; no computationannualfrommonthly. Publicationsdifferentpopulationfromfranchisees; annualvsmonthly2publicationfranchiseecount7vs5retained.
Locations counted: not stated in the reviewed record
Other measures · 1 locations
- Who is counted
- Yearly 2publicationfranchisees Top10%
- Excluded
- Under1year/notfullreportingperiodexcluded;4franchiseesdifferentcommissionformula, affiliatepublications,13TestPublications excluded.
- Method
- Unaudited commissionpayments afterroyalty/publicationexpenses/fees, notnetincome; no computationannualfrommonthly. Publicationsdifferentpopulationfromfranchisees; annualvsmonthly2publicationfranchiseecount7vs5retained.
Locations counted: not stated in the reviewed record
Other measures · 1 locations
- Who is counted
- Yearly 4publicationfranchisees Top10%
- Excluded
- Under1year/notfullreportingperiodexcluded;4franchiseesdifferentcommissionformula, affiliatepublications,13TestPublications excluded.
- Method
- Unaudited commissionpayments afterroyalty/publicationexpenses/fees, notnetincome; no computationannualfrommonthly. Publicationsdifferentpopulationfromfranchisees; annualvsmonthly2publicationfranchiseecount7vs5retained.
Locations counted: not stated in the reviewed record
Other measures · 8 locations
- Who is counted
- Yearly 1publicationfranchisees Bottom10%
- Excluded
- Under1year/notfullreportingperiodexcluded;4franchiseesdifferentcommissionformula, affiliatepublications,13TestPublications excluded.
- Method
- Unaudited commissionpayments afterroyalty/publicationexpenses/fees, notnetincome; no computationannualfrommonthly. Publicationsdifferentpopulationfromfranchisees; annualvsmonthly2publicationfranchiseecount7vs5retained.
Locations counted: not stated in the reviewed record
Other measures · 1 locations
- Who is counted
- Yearly 2publicationfranchisees Bottom10%
- Excluded
- Under1year/notfullreportingperiodexcluded;4franchiseesdifferentcommissionformula, affiliatepublications,13TestPublications excluded.
- Method
- Unaudited commissionpayments afterroyalty/publicationexpenses/fees, notnetincome; no computationannualfrommonthly. Publicationsdifferentpopulationfromfranchisees; annualvsmonthly2publicationfranchiseecount7vs5retained.
Locations counted: not stated in the reviewed record
Other measures · 1 locations
- Who is counted
- Yearly 4publicationfranchisees Bottom10%
- Excluded
- Under1year/notfullreportingperiodexcluded;4franchiseesdifferentcommissionformula, affiliatepublications,13TestPublications excluded.
- Method
- Unaudited commissionpayments afterroyalty/publicationexpenses/fees, notnetincome; no computationannualfrommonthly. Publicationsdifferentpopulationfromfranchisees; annualvsmonthly2publicationfranchiseecount7vs5retained.
Locations counted: not stated in the reviewed record
Other measures · 8 locations
- Who is counted
- Monthly 1publicationfranchisees Top10%
- Excluded
- Under1year/notfullreportingperiodexcluded;4franchiseesdifferentcommissionformula, affiliatepublications,13TestPublications excluded.
- Method
- Unaudited commissionpayments afterroyalty/publicationexpenses/fees, notnetincome; no computationannualfrommonthly. Publicationsdifferentpopulationfromfranchisees; annualvsmonthly2publicationfranchiseecount7vs5retained.
Locations counted: not stated in the reviewed record
Other measures · 1 locations
- Who is counted
- Monthly 2publicationfranchisees Top10%
- Excluded
- Under1year/notfullreportingperiodexcluded;4franchiseesdifferentcommissionformula, affiliatepublications,13TestPublications excluded.
- Method
- Unaudited commissionpayments afterroyalty/publicationexpenses/fees, notnetincome; no computationannualfrommonthly. Publicationsdifferentpopulationfromfranchisees; annualvsmonthly2publicationfranchiseecount7vs5retained.
Locations counted: not stated in the reviewed record
Other measures · 1 locations
- Who is counted
- Monthly 4publicationfranchisees Top10%
- Excluded
- Under1year/notfullreportingperiodexcluded;4franchiseesdifferentcommissionformula, affiliatepublications,13TestPublications excluded.
- Method
- Unaudited commissionpayments afterroyalty/publicationexpenses/fees, notnetincome; no computationannualfrommonthly. Publicationsdifferentpopulationfromfranchisees; annualvsmonthly2publicationfranchiseecount7vs5retained.
Locations counted: not stated in the reviewed record
Other measures · 8 locations
- Who is counted
- Monthly 1publicationfranchisees Bottom10%
- Excluded
- Under1year/notfullreportingperiodexcluded;4franchiseesdifferentcommissionformula, affiliatepublications,13TestPublications excluded.
- Method
- Unaudited commissionpayments afterroyalty/publicationexpenses/fees, notnetincome; no computationannualfrommonthly. Publicationsdifferentpopulationfromfranchisees; annualvsmonthly2publicationfranchiseecount7vs5retained.
Locations counted: not stated in the reviewed record
Other measures · 1 locations
- Who is counted
- Monthly 2publicationfranchisees Bottom10%
- Excluded
- Under1year/notfullreportingperiodexcluded;4franchiseesdifferentcommissionformula, affiliatepublications,13TestPublications excluded.
- Method
- Unaudited commissionpayments afterroyalty/publicationexpenses/fees, notnetincome; no computationannualfrommonthly. Publicationsdifferentpopulationfromfranchisees; annualvsmonthly2publicationfranchiseecount7vs5retained.
Locations counted: not stated in the reviewed record
Other measures · 1 locations
- Who is counted
- Monthly 4publicationfranchisees Bottom10%
- Excluded
- Under1year/notfullreportingperiodexcluded;4franchiseesdifferentcommissionformula, affiliatepublications,13TestPublications excluded.
- Method
- Unaudited commissionpayments afterroyalty/publicationexpenses/fees, notnetincome; no computationannualfrommonthly. Publicationsdifferentpopulationfromfranchisees; annualvsmonthly2publicationfranchiseecount7vs5retained.
Locations counted: not stated in the reviewed record
Other measures
- Who is counted
- YearlyReportingFranchisees
- Excluded
- Under1year/notfullreportingperiodexcluded;4franchiseesdifferentcommissionformula, affiliatepublications,13TestPublications excluded.
- Method
- Unaudited commissionpayments afterroyalty/publicationexpenses/fees, notnetincome; no computationannualfrommonthly. Publicationsdifferentpopulationfromfranchisees; annualvsmonthly2publicationfranchiseecount7vs5retained.
Locations counted: not stated in the reviewed record
Other measures
- Excluded
- Under1year/notfullreportingperiodexcluded;4franchiseesdifferentcommissionformula, affiliatepublications,13TestPublications excluded.
- Method
- Unaudited commissionpayments afterroyalty/publicationexpenses/fees, notnetincome; no computationannualfrommonthly. Publicationsdifferentpopulationfromfranchisees; annualvsmonthly2publicationfranchiseecount7vs5retained.
Locations counted: not stated in the reviewed record
Other measures
- Who is counted
- MonthlyReportingFranchisees
- Excluded
- Under1year/notfullreportingperiodexcluded;4franchiseesdifferentcommissionformula, affiliatepublications,13TestPublications excluded.
- Method
- Unaudited commissionpayments afterroyalty/publicationexpenses/fees, notnetincome; no computationannualfrommonthly. Publicationsdifferentpopulationfromfranchisees; annualvsmonthly2publicationfranchiseecount7vs5retained.
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 FiscalyearendedJune30 2026 of each year.
2026 FDD · Item 20 · PDF p. 63
Net +36 outlets, 2024–2026
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 2026 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 ($1,925 – $13,460) 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 324 to 334 in 2026. 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. 34
- [2]Standard initial franchise fee — Item 5 · PDF p. 14
- [3]Item 19 — Locations counted not stated in the reviewed record — Yearly top10% publications · PDF p. 60
- [4]Item 19 — Locations counted not stated in the reviewed record — Yearly bottom10% publications · PDF p. 60
- [5]Item 19 — Locations counted not stated in the reviewed record — Monthly top10% publications · PDF p. 61
- [6]Item 19 — Locations counted not stated in the reviewed record — Monthly bottom10% publications · PDF p. 61
- [7]Item 19 — Locations counted not stated in the reviewed record — Yearly 1publicationfranchisees Top10% · PDF p. 60; PDF p. 61
- [8]Item 19 — Locations counted not stated in the reviewed record — Yearly 2publicationfranchisees Top10% · PDF p. 60; PDF p. 61
- [9]Item 19 — Locations counted not stated in the reviewed record — Yearly 4publicationfranchisees Top10% · PDF p. 60; PDF p. 61
- [10]Item 19 — Locations counted not stated in the reviewed record — Yearly 1publicationfranchisees Bottom10% · PDF p. 61
- [11]Item 19 — Locations counted not stated in the reviewed record — Yearly 2publicationfranchisees Bottom10% · PDF p. 61
- [12]Item 19 — Locations counted not stated in the reviewed record — Yearly 4publicationfranchisees Bottom10% · PDF p. 61
- [13]Item 19 — Locations counted not stated in the reviewed record — Monthly 1publicationfranchisees Top10% · PDF p. 62
- [14]Item 19 — Locations counted not stated in the reviewed record — Monthly 2publicationfranchisees Top10% · PDF p. 62
- [15]Item 19 — Locations counted not stated in the reviewed record — Monthly 4publicationfranchisees Top10% · PDF p. 62
- [16]Item 19 — Locations counted not stated in the reviewed record — Monthly 1publicationfranchisees Bottom10% · PDF p. 62
- [17]Item 19 — Locations counted not stated in the reviewed record — Monthly 2publicationfranchisees Bottom10% · PDF p. 62
- [18]Item 19 — Locations counted not stated in the reviewed record — Monthly 4publicationfranchisees Bottom10% · PDF p. 62
- [19]Item 19 — Locations counted not stated in the reviewed record — YearlyReportingFranchisees · PDF p. 61
- [20]Item 19 — Locations counted not stated in the reviewed record · PDF p. 60
- [21]Item 19 — Locations counted not stated in the reviewed record — MonthlyReportingFranchisees · PDF p. 62
- [22]Outlet counts — Item 20, Table 1 · PDF p. 63
"PDF p." is the page in the PDF file; "printed p." is the number printed on the FDD page.
Territory & operations
803 addresses in Franopolis's imported location list. Coverage may differ from Item 20 outlet counts.
These are contract disclosures, not confirmation that any territory is currently available.
Legal & agreement
Franchisor financial statements
No verified franchisor financial statement figures have been reviewed yet.
SBA-backed loans to franchisees
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Source: U.S. Small Business Administration 7(a) & 504 FOIA data. Loan volume is not a measure of franchisee success.
Related research
Brands in the same subcategory first, then the wider industry, ordered by shared business format and overlapping investment range. This is not a ranking or recommendation.
Head-to-head comparisons
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
Independent analysis of franchisor-provided data. Not investment advice. Franopolis does not distribute FDDs.