Franopolis
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    Phenix Salon Suites

    Franchise research report · reviewed 2026 disclosure data

    Researching Phenix Salon Suites franchise opportunities? Every figure below is cited to the FDD.

    Reviewed sources

    Phenix Salon Suites franchise operates upscale salon suite rental facilities where independent beauty professionals lease private studios to build their own bus

    Headline figures

    Quick facts

    How much does it cost to open a Phenix Salon Suites franchise?
    The Phenix Salon Suites Franchise Disclosure Document reports separate estimated initial investments by format: $1,381,902–$2,301,538 for total (adj est + optional) — average (2026 FDD, Item 7, PDF p. 27); $535,229 for as incurred as incurred employees, third parties total estimated initial investment — 535229 (2026 FDD, Item 7, PDF p. 24); $440,229–$574,175 for orm designated/approved optional subtotal $15,000 $15,000 total (adj est + optional) — 440229 (2026 FDD, Item 7, PDF p. 25); $22,500–$27,500 for optional subtotal — low (2026 FDD, Item 7, PDF p. 27); $27,500 for optional subtotal — average (2026 FDD, Item 7, PDF p. 27); $945,028–$2,301,538 for total (adj est + optional) — low (2026 FDD, Item 7, PDF p. 27); $-110,000–$2,500 for parties total estimated initial investment $535,229 $709,175 landlord contributions ( — 110000 (2026 FDD, Item 7, PDF p. 24); $15,000–$574,175 for em $0 $0 as agreed included in gina’s platform designated/approved optional subtotal — 15000 (2026 FDD, Item 7, PDF p. 25); $1,244,136–$3,074,038 for total estimated initial investment — low (2026 FDD, Item 7, PDF p. 27); $1,782,696–$3,074,038 for total estimated initial investment — average (2026 FDD, Item 7, PDF p. 27); $3,074,038 for total estimated initial investment — high (2026 FDD, Item 7, PDF p. 27); $2,301,538 for total (adj est + optional) — high (2026 FDD, Item 7, PDF p. 27). These formats are not combined. Each is the franchisor's disclosed estimate, not a quote. Details
    What ongoing fees does Phenix Salon Suites charge?
    The disclosed ongoing royalty is $3 (2026 FDD, Item 6, PDF p. 18). The brand or advertising fund contribution is $0 — 0.06 (2026 FDD, Item 6, PDF p. 18). Other recurring fees are listed in Item 6. Details
    Does Phenix Salon Suites disclose financial performance (Item 19)?
    Yes. The Phenix Salon Suites FDD includes an Item 19 financial performance representation (2026 FDD, Item 19, PDF p. 67). Figures apply only to the locations and period each one covers. Details
    How many Phenix Salon Suites locations are there?
    The FDD reports 836 outlets at the end of 2025 (2026 FDD, Item 20, PDF p. 71). 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: $1,381,902 – $2,301,538 (TOTAL (Adj Est + Optional) — Average); $535,229 (As Incurred As Incurred Employees, Third Parties Total Estimated Initial Investment — 535229); $440,229 – $574,175 (orm Designated/Approved Optional Subtotal $15,000 $15,000 TOTAL (Adj Est + Optional) — 440229); $22,500 – $27,500 (Optional Subtotal — Low); $27,500 (Optional Subtotal — Average); $945,028 – $2,301,538 (TOTAL (Adj Est + Optional) — Low); -$110,000 – $2,500 (Parties Total Estimated Initial Investment $535,229 $709,175 Landlord Contributions ( — 110000); $15,000 – $574,175 (em $0 $0 As Agreed Included in Gina’s Platform Designated/Approved Optional Subtotal — 15000); $1,244,136 – $3,074,038 (Total Estimated Initial Investment — Low); $1,782,696 – $3,074,038 (Total Estimated Initial Investment — Average); $3,074,038 (Total Estimated Initial Investment — High); $2,301,538 (TOTAL (Adj Est + Optional) — High); several initial fee options apply.
    2. 2Item 19 covers 12 separate groups: revenue and EBITDA for 64 Franchised locations; revenue and EBITDA for 190 Franchised locations; revenue and EBITDA margin and EBITDA and other measures for 11 Franchised locations; revenue and EBITDA and EBITDA margin and other measures for 24 Franchised locations; EBITDA and EBITDA margin and revenue and other measures for 24 Franchised locations; revenue and EBITDA for 126 Franchised locations; revenue and EBITDA and other measures for Franchised locations; other measures and revenue and EBITDA margin and EBITDA for 11 Franchised locations; EBITDA and other measures and revenue for Franchised locations; other measures for 294 Franchised locations; revenue and EBITDA and other measures for Franchised locations; revenue for 190 Franchised locations. They are not combined.
    3. 3Outlets grew by 38 in 2025, to 836 (Franchised, 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 12 single-unit formats

    2026 FDD · Item 7

    Formats disclosed in Item 7 (12)

    Each format has its own total. The total depends on the format you choose.

    • Parties Total Estimated Initial Investment $535,229 $709,175 Landlord Contributions ( — 110000PDF p. 24-$110,000 – $2,500
    • em $0 $0 As Agreed Included in Gina’s Platform Designated/Approved Optional Subtotal — 15000PDF p. 25$15,000 – $574,175
    • Optional Subtotal — LowPDF p. 27$22,500 – $27,500
    • Optional Subtotal — AveragePDF p. 27$27,500
    • orm Designated/Approved Optional Subtotal $15,000 $15,000 TOTAL (Adj Est + Optional) — 440229PDF p. 25$440,229 – $574,175
    • As Incurred As Incurred Employees, Third Parties Total Estimated Initial Investment — 535229PDF p. 24$535,229
    • TOTAL (Adj Est + Optional) — LowPDF p. 27$945,028 – $2,301,538
    • LowPDF p. 27$1,244,136 – $3,074,038
    • TOTAL (Adj Est + Optional) — AveragePDF p. 27$1,381,902 – $2,301,538
    • AveragePDF p. 27$1,782,696 – $3,074,038
    • TOTAL (Adj Est + Optional) — HighPDF p. 27$2,301,538
    • HighPDF p. 27$3,074,038

    Ongoing Fees — Item 6

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

    ave the right to increase the royalty, effective as of January 1 st of each year, by — 3%Main ongoing fee

    77 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?

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

    Locations counted: not stated in the reviewed record

    Revenue and EBITDA · 64 locations

    Who is counted
    >6500sqft
    Period
    >6500sqft
    Excluded
    Nine inconsistent ownership; 31 open less than18 months; all49 company outlets; 329 eligible,190 financial responses,294 occupancy responses.
    Method
    Unaudited franchisee reported; EBITDA excludes nonoperating/nonrecurring owner management fees, excess auto, bonus-depreciation capital items, offsite storage, nonsite charges; margin=EBITDA/GrossRevenue. Source-rounded figures unchanged.

    Locations counted: not stated in the reviewed record

    Revenue and EBITDA · 190 locations

    Who is counted
    Combined disclosed financial
    Period
    combined
    Excluded
    Nine inconsistent ownership; 31 open less than18 months; all49 company outlets; 329 eligible,190 financial responses,294 occupancy responses.
    Method
    Unaudited franchisee reported; EBITDA excludes nonoperating/nonrecurring owner management fees, excess auto, bonus-depreciation capital items, offsite storage, nonsite charges; margin=EBITDA/GrossRevenue. Source-rounded figures unchanged.

    Locations counted: not stated in the reviewed record

    Revenue, EBITDA margin, EBITDA and other measures · 11 locations

    Who is counted
    >6500sqft,opened2021–2024; occupancy>=90%
    Period
    occupancy>=90%
    Excluded
    Nine inconsistent ownership; 31 open less than18 months; all49 company outlets; 329 eligible,190 financial responses,294 occupancy responses.
    Method
    Unaudited franchisee reported; EBITDA excludes nonoperating/nonrecurring owner management fees, excess auto, bonus-depreciation capital items, offsite storage, nonsite charges; margin=EBITDA/GrossRevenue. Source-rounded figures unchanged.

    Locations counted: not stated in the reviewed record

    Revenue, EBITDA, EBITDA margin and other measures · 24 locations

    Who is counted
    >6500sqft,opened2021–2024; all occupancy rates; four financial responses have no occupancy
    Period
    all occupancies
    Excluded
    Nine inconsistent ownership; 31 open less than18 months; all49 company outlets; 329 eligible,190 financial responses,294 occupancy responses.
    Method
    Unaudited franchisee reported; EBITDA excludes nonoperating/nonrecurring owner management fees, excess auto, bonus-depreciation capital items, offsite storage, nonsite charges; margin=EBITDA/GrossRevenue. Source-rounded figures unchanged.

    Locations counted: not stated in the reviewed record

    EBITDA, EBITDA margin, revenue and other measures · 24 locations

    Who is counted
    all occupancy comparison
    Excluded
    Nine inconsistent ownership; 31 open less than18 months; all49 company outlets; 329 eligible,190 financial responses,294 occupancy responses.
    Method
    Unaudited franchisee reported; EBITDA excludes nonoperating/nonrecurring owner management fees, excess auto, bonus-depreciation capital items, offsite storage, nonsite charges; margin=EBITDA/GrossRevenue. Source-rounded figures unchanged.

    Locations counted: not stated in the reviewed record

    Revenue and EBITDA · 126 locations

    Who is counted
    <=6500sqft
    Period
    <=6500sqft
    Excluded
    Nine inconsistent ownership; 31 open less than18 months; all49 company outlets; 329 eligible,190 financial responses,294 occupancy responses.
    Method
    Unaudited franchisee reported; EBITDA excludes nonoperating/nonrecurring owner management fees, excess auto, bonus-depreciation capital items, offsite storage, nonsite charges; margin=EBITDA/GrossRevenue. Source-rounded figures unchanged.

    Locations counted: not stated in the reviewed record

    Revenue, EBITDA and other measures

    Who is counted
    in the Top 50%,
    Excluded
    Nine inconsistent ownership; 31 open less than18 months; all49 company outlets; 329 eligible,190 financial responses,294 occupancy responses.
    Method
    Unaudited franchisee reported; EBITDA excludes nonoperating/nonrecurring owner management fees, excess auto, bonus-depreciation capital items, offsite storage, nonsite charges; margin=EBITDA/GrossRevenue. Source-rounded figures unchanged.

    Locations counted: not stated in the reviewed record

    Revenue, EBITDA margin, EBITDA and other measures · 11 locations

    Who is counted
    high performing
    Excluded
    Nine inconsistent ownership; 31 open less than18 months; all49 company outlets; 329 eligible,190 financial responses,294 occupancy responses.
    Method
    Unaudited franchisee reported; EBITDA excludes nonoperating/nonrecurring owner management fees, excess auto, bonus-depreciation capital items, offsite storage, nonsite charges; margin=EBITDA/GrossRevenue. Source-rounded figures unchanged.

    Locations counted: not stated in the reviewed record

    EBITDA, revenue and other measures

    Who is counted
    in the Bottom 50%,
    Excluded
    Nine inconsistent ownership; 31 open less than18 months; all49 company outlets; 329 eligible,190 financial responses,294 occupancy responses.
    Method
    Unaudited franchisee reported; EBITDA excludes nonoperating/nonrecurring owner management fees, excess auto, bonus-depreciation capital items, offsite storage, nonsite charges; margin=EBITDA/GrossRevenue. Source-rounded figures unchanged.

    Locations counted: not stated in the reviewed record

    Other measures · 294 locations

    Who is counted
    Disclosed occupancy locations; high/low categories independently selected; note4example conflicts with table
    Excluded
    Nine inconsistent ownership; 31 open less than18 months; all49 company outlets; 329 eligible,190 financial responses,294 occupancy responses.
    Method
    Unaudited franchisee reported; EBITDA excludes nonoperating/nonrecurring owner management fees, excess auto, bonus-depreciation capital items, offsite storage, nonsite charges; margin=EBITDA/GrossRevenue. Source-rounded figures unchanged.

    Locations counted: not stated in the reviewed record

    Revenue, EBITDA and other measures

    Who is counted
    ,
    Excluded
    Nine inconsistent ownership; 31 open less than18 months; all49 company outlets; 329 eligible,190 financial responses,294 occupancy responses.
    Method
    Unaudited franchisee reported; EBITDA excludes nonoperating/nonrecurring owner management fees, excess auto, bonus-depreciation capital items, offsite storage, nonsite charges; margin=EBITDA/GrossRevenue. Source-rounded figures unchanged.

    Locations counted: not stated in the reviewed record

    Revenue · 190 locations

    Who is counted
    Disclosed financial locations
    Excluded
    Nine inconsistent ownership; 31 open less than18 months; all49 company outlets; 329 eligible,190 financial responses,294 occupancy responses.
    Method
    Unaudited franchisee reported; EBITDA excludes nonoperating/nonrecurring owner management fees, excess auto, bonus-depreciation capital items, offsite storage, nonsite charges; margin=EBITDA/GrossRevenue. Source-rounded figures unchanged.

    These groups are never combined.

    Outlet Changes — Item 20

    How has the outlet count changed?

    Franchised, as labeled in the FDD · counts as of 2025 of each year.

    2026 FDD · Item 20 · PDF p. 71

    Net +86 outlets, 2023–2025

    0750202379820248362025+48+38

    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 (-$110,000 – $3,074,038) 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 798 to 836 in 2025. How many new units opened, closed or changed hands?

    • Is a territory available in my area, and how is it defined in my agreement?

    For current and former owners

    • How did your actual startup costs and timeline compare with the Item 7 estimate?

    • How many hours a week do you work in the business, and in what role?

    • How do your results compare with the Item 19 figures, and what explains the difference?

    • What support from the franchisor has been most and least useful?

    For your advisors

    • Ask a franchise attorney to review the territory, renewal, transfer and termination terms.

    • Ask an accountant to build a cash-flow plan using your own assumptions, not the franchisor's.

    Sources & vintage history

    Every displayed fact is retained with its disclosure vintage, item, page, and reviewed status. Prior vintages remain on file rather than being overwritten.

    Citations (2026 FDD)

    1. [1]Item 19 — Locations counted not stated in the reviewed record — >6500sqft · PDF p. 67; PDF p. 68
    2. [2]Item 19 — Locations counted not stated in the reviewed record — Combined disclosed financial · PDF p. 67; PDF p. 68
    3. [3]Item 19 — Locations counted not stated in the reviewed record — >6500sqft,opened2021–2024; occupancy>=90% · PDF p. 65
    4. [4]Item 19 — Locations counted not stated in the reviewed record — >6500sqft,opened2021–2024; all occupancy rates; four financial responses have n… · PDF p. 65
    5. [5]Item 19 — Locations counted not stated in the reviewed record — all occupancy comparison · PDF p. 65
    6. [6]Item 19 — Locations counted not stated in the reviewed record — <=6500sqft · PDF p. 67; PDF p. 68
    7. [7]Item 19 — Locations counted not stated in the reviewed record — in the Top 50%, · PDF p. 67; PDF p. 68; PDF p. 69
    8. [8]Item 19 — Locations counted not stated in the reviewed record — high performing · PDF p. 65
    9. [9]Item 19 — Locations counted not stated in the reviewed record — in the Bottom 50%, · PDF p. 68; PDF p. 69; PDF p. 67
    10. [10]Item 19 — Locations counted not stated in the reviewed record — Disclosed occupancy locations; high/low categories independently selected; note… · PDF p. 69
    11. [11]Item 19 — Locations counted not stated in the reviewed record — , · PDF p. 67; PDF p. 68; PDF p. 69
    12. [12]Item 19 — Locations counted not stated in the reviewed record — Disclosed financial locations · PDF p. 67
    13. [13]Outlet counts — Item 20, Table 1 · PDF p. 71

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

    Territory & operations

    22 addresses in Franopolis's imported location list. Coverage may differ from Item 20 outlet counts.

    These are contract disclosures, not confirmation that any territory is currently available.

    Legal & agreement

    Franchisor financial statements

    Fiscal yearMeasureReported value
    2025interest receivable, related parties$252,404
    2025liabilities and members' equity current liabilities accounts payable$120,898
    2025other receivable$79,200
    2025total liabilities and members' equity$8,926,212
    2025total revenue$6,471,832
    2025construction-in-process$5,600
    2025franchise fees$754,023
    2025national development fund, net$101,103
    2025net income$1,943,399
    2025cash flows from investing activities notes and advances to related parties-$2,206,455
    2025net cash provided byMore than one value recorded for this year — open the FDD source before comparing-$2,220,455
    2025assets current assets cash and cash equivalents$1,780,749
    2025accounts receivable - trade, net of expected credit losses$649,761
    2025deferred franchising costs - currentMore than one value recorded for this year — open the FDD source before comparing$343,402
    2025prepaid expensesMore than one value recorded for this year — open the FDD source before comparing$335,141
    2025total current assets$3,188,253
    2025non-current assets software costs$539,916
    2025notes receivable, related parties$4,217,299
    2025deferred franchising costs - non-current$722,740
    2025total non-current assets$5,737,959
    2025total assets$8,926,212
    2025accrued expensesMore than one value recorded for this year — open the FDD source before comparing$13,125
    2025credit card payableMore than one value recorded for this year — open the FDD source before comparing$1,442
    2025deferred franchising fee - currentMore than one value recorded for this year — open the FDD source before comparing$1,634,731
    2025total current liabilties$1,770,196
    2025deferred franchising fee - non-current$2,780,316
    2025total non-current liabilties$2,780,316
    2025total liabilties$4,550,512
    2025members' equity$4,375,700
    2025royalty fees$5,654,260
    2025other service fees$63,549
    2025cost of sales franchise development, marketing & commissions$721,098
    2025gross margin$5,750,734
    2025general and administrative$3,559,997
    2025management fees$212,500
    2025bad debts$21,610
    2025other expenses$32,227
    2025total operating expenses$3,927,437
    2025net income from operations$1,823,297
    2025other income interest income$120,102
    2025accounts receivable-$243,872
    2025expected credit losses-$3,595
    2025prepaid expensesMore than one value recorded for this year — open the FDD source before comparing-$318,044
    2025interest receivable-$95,718
    2025deferred franchising costs - currentMore than one value recorded for this year — open the FDD source before comparing$52,074
    2025accounts payable$28,885
    2025accrued expensesMore than one value recorded for this year — open the FDD source before comparing-$12,498
    2025credit card payableMore than one value recorded for this year — open the FDD source before comparing-$11,816
    2025deferred franchising fee - currentMore than one value recorded for this year — open the FDD source before comparing$448,897
    2025deferred franchising fees - non-current$70,643
    2025net cash provided byMore than one value recorded for this year — open the FDD source before comparing$1,858,355
    2025purchase of internally developed software-$14,000
    2025notes payable, related parties-$3,493
    2025net cash provided byMore than one value recorded for this year — open the FDD source before comparing-$3,493
    2025net change in cash-$365,593
    2024deferred franchising costs - non-current$728,986
    2024total non-current liabilties$2,713,166
    2024total current liabilties$1,316,728
    2024members' equity$2,432,301
    2024deferred franchising costs - currentMore than one value recorded for this year — open the FDD source before comparing$389,230
    2024total assets$6,462,195
    2024net cash provided byMore than one value recorded for this year — open the FDD source before comparing-$65,260
    2024other expenses$921,303
    2024deferred franchising fee - currentMore than one value recorded for this year — open the FDD source before comparing-$152,830
    2024deferred franchising fees - non-current$49,477
    2024national development fund, net$923
    2024net income from operations$1,599,922
    2024interest receivable-$46,480
    2024assets current assets cash and cash equivalents$2,146,342
    2024accounts receivable - trade, net of expected credit losses$402,294
    2024other receivable$79,200
    2024prepaid expensesMore than one value recorded for this year — open the FDD source before comparing$17,097
    2024total current assets$3,034,163
    2024non-current assets software costs$525,916
    2024construction-in-process$5,600
    2024interest receivable, related parties$156,686
    2024notes receivable, related parties$2,010,844
    2024total non-current assets$3,428,032
    2024liabilities and members' equity current liabilities accounts payable$92,013
    2024accrued expensesMore than one value recorded for this year — open the FDD source before comparing$25,623
    2024credit card payableMore than one value recorded for this year — open the FDD source before comparing$13,258
    2024deferred franchising fee - currentMore than one value recorded for this year — open the FDD source before comparing$1,185,834
    2024other liabilities notes payable, related parties$3,493
    2024deferred franchising fee - non-current$2,709,673
    2024total liabilties$4,029,894
    2024total liabilities and members' equity$6,462,195
    2024royalty fees$4,971,591
    2024franchise fees$659,854
    2024other service fees$135,844
    2024total revenue$5,767,289
    2024cost of sales franchise development, marketing & commissions$585,460
    2024gross margin$5,181,829
    2024general and administrative$2,409,964
    2024management fees$216,474
    2024bad debts$33,243
    2024total operating expenses$3,581,907
    2024other income interest income$64,215
    2024net incomeMore than one value recorded for this year — open the FDD source before comparing$1,664,137
    2024accounts receivable-$8,228
    2024expected credit losses-$3,595
    2024prepaid expensesMore than one value recorded for this year — open the FDD source before comparing$63,926
    2024net incomeMore than one value recorded for this year — open the FDD source before comparing$1,604,215
    2024deferred franchising costs - currentMore than one value recorded for this year — open the FDD source before comparing$15,133
    2024accounts payable-$98,474
    2024accrued expensesMore than one value recorded for this year — open the FDD source before comparing-$1,715
    2024credit card payableMore than one value recorded for this year — open the FDD source before comparing$2,211
    2024purchase of fixed assets-$5,600
    2024net cash provided byMore than one value recorded for this year — open the FDD source before comparing$1,423,640
    2024cash flows from investing activities notes and advances to related parties-$12,910
    2024purchase of internally developed software-$46,750
    2024notes payable, related parties$3,493
    2024net cash provided byMore than one value recorded for this year — open the FDD source before comparing-$126,507
    2024net change in cash$1,231,873
    2023total current assets$1,879,313
    2023credit card payableMore than one value recorded for this year — open the FDD source before comparing$11,047
    2023total current liabilties$1,567,536
    2023general and administrative$2,493,938
    2023interest receivable-$12,376
    2023accounts payable$74,380
    2023net income$1,624,098
    2023credit card payableMore than one value recorded for this year — open the FDD source before comparing-$3,578
    2023net cash provided byMore than one value recorded for this year — open the FDD source before comparing-$728,611
    2023assets current assets cash and cash equivalents$914,469
    2023accounts receivable - trade, net of expected credit losses$390,471
    2023other receivable$79,200
    2023deferred franchising costs - currentMore than one value recorded for this year — open the FDD source before comparing$414,150
    2023prepaid expensesMore than one value recorded for this year — open the FDD source before comparing$81,023
    2023non-current assets software costs$479,166
    2023interest receivable, related parties$110,206
    2023notes receivable, related parties$1,997,934
    2023deferred franchising costs - non-current$719,199
    2023total non-current assets$3,306,505
    2023total assets$5,185,818
    2023liabilities and members' equity current liabilities accounts payable$190,487
    2023accrued expensesMore than one value recorded for this year — open the FDD source before comparing$27,338
    2023deferred franchising fee - currentMore than one value recorded for this year — open the FDD source before comparing$1,338,664
    2023deferred franchising fee - non-current$2,660,196
    2023total non-current liabilties$2,660,196
    2023total liabilties$4,227,732
    2023members' equity$958,086
    2023total liabilities and members' equity$5,185,818
    2023royalty fees$4,217,918
    2023franchise fees$922,395
    2023other service fees$168,768
    2023total revenue$5,309,081
    2023cost of sales franchise development, marketing & commissions$923,390
    2023gross margin$4,385,691
    2023management fees$132,500
    2023other expenses$164,775
    2023national development fund, net-$17,239
    2023total operating expenses$2,773,974
    2023net income from operations$1,611,717
    2023other income interest income$12,381
    2023accounts receivable-$165,764
    2023expected credit losses-$18,103
    2023prepaid expensesMore than one value recorded for this year — open the FDD source before comparing-$72,186
    2023deferred franchising costs - currentMore than one value recorded for this year — open the FDD source before comparing$124,080
    2023accrued expensesMore than one value recorded for this year — open the FDD source before comparing$5,258
    2023deferred franchising fee - currentMore than one value recorded for this year — open the FDD source before comparing$53,184
    2023deferred franchising fees - non-current$88,234
    2023net cash provided byMore than one value recorded for this year — open the FDD source before comparing$1,697,227
    2023cash flows from investing activities notes and advances to related parties-$1,230,134
    2023purchase of internally developed software-$55,450
    2023net cash provided byMore than one value recorded for this year — open the FDD source before comparing-$1,285,584
    2023net change in cash-$316,968
    2023cash, beginning of period$1,231,437

    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 19 · PDF p. 69 · 2026 FDD

      Our summary: Chart5 Low occupancy

      “Low 41% 14”

      Note: PDF p. 69 conflicts: Chart 5 lists low occupancy 41%, while Note 4 states the low occupancy rate is 50%. The cited page cannot settle which low figure applies to the 294 Disclosed Occupancy Locations.

    • Item 21 · PDF p. 180 · 2026 FDD

      Our summary: Net Income — 2024

      “Net Income 1,943,399 $ 1,604,215 $ 1,624,098 $”

      Note: The cited 2024 cash flow statement reports net income of 1,604,215, while the income statement reports 1,664,137; the FDD does not reconcile the conflict.

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