RM

    Red Mango

    Franchise research report · reviewed 2026 disclosure data

    Researching Red Mango franchise opportunities? Every figure below is cited to the FDD.

    Reviewed sources

    Red Mango franchise specializes in frozen yogurt and smoothies, offering health-conscious consumers premium frozen desserts with probiotics and fresh fruit topp

    Headline figures

    Quick facts

    How much does it cost to open a Red Mango franchise?
    The Red Mango Franchise Disclosure Document reports separate estimated initial investments by format: $0–$3,000 for traditional investment — $0 (2026 FDD, Item 7, PDF p. 19); $30,000 for traditional investment — $30000 (2026 FDD, Item 7, PDF p. 19); $4,000 for traditional investment — $4000 (2026 FDD, Item 7, PDF p. 19); $7,500–$581,000 for traditional investment — $7500 (2026 FDD, Item 7, PDF p. 20); $4,500–$581,000 for traditional investment — $4500 (2026 FDD, Item 7, PDF p. 20); $2,000–$581,000 for traditional investment — $2000 (2026 FDD, Item 7, PDF p. 20); $15,000 for nontraditional investment — $15000 (2026 FDD, Item 7, PDF p. 21); $0–$5,000 for nontraditional investment — $0 (2026 FDD, Item 7, PDF p. 21); $1,500–$5,000 for nontraditional investment — $1500 (2026 FDD, Item 7, PDF p. 21); $2,500–$5,000 for nontraditional investment — $2500 (2026 FDD, Item 7, PDF p. 21); $4,500–$5,000 for nontraditional investment — $4500 (2026 FDD, Item 7, PDF p. 21); $3,500–$5,000 for nontraditional investment — $3500 (2026 FDD, Item 7, PDF p. 21); $1,000–$382,500 for nontraditional investment — $1000 (2026 FDD, Item 7, PDF p. 22); $2,000–$382,500 for nontraditional investment — $2000 (2026 FDD, Item 7, PDF p. 22); $5,000–$382,500 for nontraditional investment — $5000 (2026 FDD, Item 7, PDF p. 22); $198,500–$382,500 for nontraditional investment — $198500 (2026 FDD, Item 7, PDF p. 22); $4,000–$5,000 for third-party co-brand investment — $4000 (2026 FDD, Item 7, PDF p. 22); $22,500 for third-party co-brand investment — $22500 (2026 FDD, Item 7, PDF p. 22); $5,000–$250,000 for third-party co-brand investment — $5000 (2026 FDD, Item 7, PDF p. 23); $2,000–$250,000 for third-party co-brand investment — $2000 (2026 FDD, Item 7, PDF p. 23); $113,500–$250,000 for third-party co-brand investment — $113500 (2026 FDD, Item 7, PDF p. 23); $45,000 for development investment — $45000 (2026 FDD, Item 7, PDF p. 25); $183,500 for development investment — $183500 (2026 FDD, Item 7, PDF p. 25); $98,500 for development investment — $98500 (2026 FDD, Item 7, PDF p. 25); $121,000 for development investment — $121000 (2026 FDD, Item 7, PDF p. 25); $8,000 for traditional investment — $8000 (2026 FDD, Item 7, PDF p. 19); $1,500–$3,000 for traditional investment — $1500 (2026 FDD, Item 7, PDF p. 19); $55,500–$581,000 for traditional investment — $55500 (2026 FDD, Item 7, PDF p. 20); $144,000–$581,000 for traditional investment — $144000 (2026 FDD, Item 7, PDF p. 20); $37,000 for third-party co-brand investment — $37000 (2026 FDD, Item 7, PDF p. 22); $5,000–$581,000 for traditional investment — $5000 (2026 FDD, Item 7, PDF p. 20); $53,000–$581,000 for traditional investment — $53000 (2026 FDD, Item 7, PDF p. 20); $3,000–$581,000 for traditional investment — $3000 (2026 FDD, Item 7, PDF p. 20); $1,000–$581,000 for traditional investment — $1000 (2026 FDD, Item 7, PDF p. 20); $70,000 for nontraditional investment — $70000 (2026 FDD, Item 7, PDF p. 21); $10,000–$581,000 for traditional investment — $10000 (2026 FDD, Item 7, PDF p. 20); $500–$5,000 for third-party co-brand investment — $500 (2026 FDD, Item 7, PDF p. 22); $333,500–$581,000 for traditional investment — $333500 (2026 FDD, Item 7, PDF p. 20); $5,000 for nontraditional investment — $5000 (2026 FDD, Item 7, PDF p. 21); $38,000 for nontraditional investment — $38000 (2026 FDD, Item 7, PDF p. 21); $1,500–$250,000 for third-party co-brand investment — $1500 (2026 FDD, Item 7, PDF p. 23); $1,000–$250,000 for third-party co-brand investment — $1000 (2026 FDD, Item 7, PDF p. 23); $303,500,000 for development investment — $303500000 (2026 FDD, Item 7, PDF p. 25); $206,000 for development investment — $206000 (2026 FDD, Item 7, PDF p. 25); $348,500 for development investment — $348500 (2026 FDD, Item 7, PDF p. 25). These formats are not combined. Each is the franchisor's disclosed estimate, not a quote. Details
    Does Red Mango disclose financial performance (Item 19)?
    Yes. The Red Mango FDD includes an Item 19 financial performance representation (2026 FDD, Item 19, PDF p. 54). Figures apply only to the locations and period each one covers. Details
    How many Red Mango locations are there?
    The FDD reports 26 outlets at the end of 2025 (2026 FDD, Item 20, PDF p. 55). 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: $0 – $3,000 (Traditional investment — $0); $30,000 (Traditional investment — $30000); $4,000 (Traditional investment — $4000); $7,500 – $581,000 (Traditional investment — $7500); $4,500 – $581,000 (Traditional investment — $4500); $2,000 – $581,000 (Traditional investment — $2000); $15,000 (Nontraditional investment — $15000); $0 – $5,000 (Nontraditional investment — $0); $1,500 – $5,000 (Nontraditional investment — $1500); $2,500 – $5,000 (Nontraditional investment — $2500); $4,500 – $5,000 (Nontraditional investment — $4500); $3,500 – $5,000 (Nontraditional investment — $3500); $1,000 – $382,500 (Nontraditional investment — $1000); $2,000 – $382,500 (Nontraditional investment — $2000); $5,000 – $382,500 (Nontraditional investment — $5000); $198,500 – $382,500 (Nontraditional investment — $198500); $4,000 – $5,000 (Third-party co-brand investment — $4000); $22,500 (Third-party co-brand investment — $22500); $5,000 – $250,000 (Third-party co-brand investment — $5000); $2,000 – $250,000 (Third-party co-brand investment — $2000); $113,500 – $250,000 (Third-party co-brand investment — $113500); $45,000 (Development investment — $45000); $183,500 (Development investment — $183500); $98,500 (Development investment — $98500); $121,000 (Development investment — $121000); $8,000 (Traditional investment — $8000); $1,500 – $3,000 (Traditional investment — $1500); $55,500 – $581,000 (Traditional investment — $55500); $144,000 – $581,000 (Traditional investment — $144000); $37,000 (Third-party co-brand investment — $37000); $5,000 – $581,000 (Traditional investment — $5000); $53,000 – $581,000 (Traditional investment — $53000); $3,000 – $581,000 (Traditional investment — $3000); $1,000 – $581,000 (Traditional investment — $1000); $70,000 (Nontraditional investment — $70000); $10,000 – $581,000 (Traditional investment — $10000); $500 – $5,000 (Third-party co-brand investment — $500); $333,500 – $581,000 (Traditional investment — $333500); $5,000 (Nontraditional investment — $5000); $38,000 (Nontraditional investment — $38000); $1,500 – $250,000 (Third-party co-brand investment — $1500); $1,000 – $250,000 (Third-party co-brand investment — $1000); $303,500,000 (Development investment — $303500000); $206,000 (Development investment — $206000); $348,500 (Development investment — $348500); several initial fee options apply.
    2. 2Item 19 covers 4 separate groups: other measures for 7 Franchised locations; other measures for 6 Franchised locations; other measures for 7 Franchised locations; other measures for 6 Franchised locations. They are not combined.
    3. 3Outlets declined by 19 in 2025, to 26 (United States and Puerto Rico, 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 45 single-unit formats

    2026 FDD · Item 7

    Formats disclosed in Item 7 (45)

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

    • Traditional investment — $0PDF p. 19$0 – $3,000
    • Nontraditional investment — $0PDF p. 21$0 – $5,000
    • Third-party co-brand investment — $500PDF p. 22$500 – $5,000
    • Nontraditional investment — $1000PDF p. 22$1,000 – $382,500
    • Traditional investment — $1000PDF p. 20$1,000 – $581,000
    • Third-party co-brand investment — $1000PDF p. 23$1,000 – $250,000
    • Nontraditional investment — $1500PDF p. 21$1,500 – $5,000
    • Traditional investment — $1500PDF p. 19$1,500 – $3,000
    • Third-party co-brand investment — $1500PDF p. 23$1,500 – $250,000
    • Traditional investment — $2000PDF p. 20$2,000 – $581,000
    • Nontraditional investment — $2000PDF p. 22$2,000 – $382,500
    • Third-party co-brand investment — $2000PDF p. 23$2,000 – $250,000
    • Nontraditional investment — $2500PDF p. 21$2,500 – $5,000
    • Traditional investment — $3000PDF p. 20$3,000 – $581,000
    • Nontraditional investment — $3500PDF p. 21$3,500 – $5,000
    • Traditional investment — $4000PDF p. 19$4,000
    • Third-party co-brand investment — $4000PDF p. 22$4,000 – $5,000
    • Traditional investment — $4500PDF p. 20$4,500 – $581,000
    • Nontraditional investment — $4500PDF p. 21$4,500 – $5,000
    • Nontraditional investment — $5000PDF p. 22$5,000 – $382,500
    • Third-party co-brand investment — $5000PDF p. 23$5,000 – $250,000
    • Traditional investment — $5000PDF p. 20$5,000 – $581,000
    • Nontraditional investment — $5000PDF p. 21$5,000
    • Traditional investment — $7500PDF p. 20$7,500 – $581,000
    • Traditional investment — $8000PDF p. 19$8,000
    • Traditional investment — $10000PDF p. 20$10,000 – $581,000
    • Nontraditional investment — $15000PDF p. 21$15,000
    • Third-party co-brand investment — $22500PDF p. 22$22,500
    • Traditional investment — $30000PDF p. 19$30,000
    • Third-party co-brand investment — $37000PDF p. 22$37,000
    • Nontraditional investment — $38000PDF p. 21$38,000
    • Development investment — $45000PDF p. 25$45,000
    • Traditional investment — $53000PDF p. 20$53,000 – $581,000
    • Traditional investment — $55500PDF p. 20$55,500 – $581,000
    • Nontraditional investment — $70000PDF p. 21$70,000
    • Development investment — $98500PDF p. 25$98,500
    • Third-party co-brand investment — $113500PDF p. 23$113,500 – $250,000
    • Development investment — $121000PDF p. 25$121,000
    • Traditional investment — $144000PDF p. 20$144,000 – $581,000
    • Development investment — $183500PDF p. 25$183,500
    • Nontraditional investment — $198500PDF p. 22$198,500 – $382,500
    • Development investment — $206000PDF p. 25$206,000
    • Traditional investment — $333500PDF p. 20$333,500 – $581,000
    • Development investment — $348500PDF p. 25$348,500
    • Development investment — $303500000PDF p. 25$303,500,000

    Ongoing Fees — Item 6

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

    72 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 · 7 locations

    Who is counted
    Bottom25%
    Method
    Unauditedsalesonly;25reportingstores.

    Locations counted: not stated in the reviewed record

    Other measures · 6 locations

    Who is counted
    top25% of25stores qualifying11of12periods;6stores
    Period
    Average unit volume
    Excluded
    One nontraditionalc-store didnotconsistentlyreport2025,excludedfrom26.
    Method
    Unauditedfranchiseesales,notverified;noexpensesdeducted. Topfive traditional+onecollege;bottomnarrativesconflict:allc-stores1–2machinesvsthreenontradcasino/supercenter/grocery. Sourcepreserved.

    Locations counted: not stated in the reviewed record

    Other measures · 7 locations

    Who is counted
    bottom25% of25stores qualifying11of12periods;7stores
    Period
    Lowest unit volume
    Excluded
    One nontraditionalc-store didnotconsistentlyreport2025,excludedfrom26.
    Method
    Unauditedfranchiseesales,notverified;noexpensesdeducted. Topfive traditional+onecollege;bottomnarrativesconflict:allc-stores1–2machinesvsthreenontradcasino/supercenter/grocery. Sourcepreserved.

    Locations counted: not stated in the reviewed record

    Other measures · 6 locations

    Who is counted
    Top25%
    Method
    Unauditedsalesonly;25reportingstores.

    These groups are never combined.

    Outlet Changes — Item 20

    How has the outlet count changed?

    United States and Puerto Rico, as labeled in the FDD · counts as of 2025 of each year.

    2026 FDD · Item 20 · PDF p. 55

    Net −24 outlets, 2023–2025

    0502023452024262025−5−19

    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 ($0 – $303,500,000) 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 decreased from 45 to 26 in 2025. What drove the change?

    • 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 — Bottom25% · PDF p. 54
    2. [2]Item 19 — Locations counted not stated in the reviewed record — top25% of25stores qualifying11of12periods;6stores · PDF p. 53
    3. [3]Item 19 — Locations counted not stated in the reviewed record — bottom25% of25stores qualifying11of12periods;7stores · PDF p. 53
    4. [4]Item 19 — Locations counted not stated in the reviewed record — Top25% · PDF p. 54
    5. [5]Outlet counts — Item 20, Table 1 · PDF p. 55

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

    Territory & operations

    45 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.

    Franchisor financial statements

    Fiscal yearMeasureReported value
    2025accounts receivable, net$29,935
    2025current portion of deferred franchise costs$1,616
    2025other current assets$1,341
    2025total current assets$38,537
    2025total assets$50,936
    2025accounts payable and accrued expensesMore than one value recorded for this year — open the FDD source before comparing$28,650
    2025current portion of deferred revenue$16,654
    2025total current liabilities$45,304
    2025deferred revenue, net of current portion$50,363
    2025member's deficit-$44,731
    2025total liabilities and member's deficit$50,936
    2025brand development fund revenue$162,246
    2025other revenue$101,548
    2025total revenues$1,056,484
    2025brand development fund expenses$171,948
    2025management fees$304,415
    2025professional fees$34,482
    2025total general and administrative expenses$556,287
    2025income from operations$500,197
    2025other expense$1,066
    2025net incomeMore than one value recorded for this year — open the FDD source before comparing$499,131
    2025provision for credit losses$20,895
    2025other assets-$1,341
    2025accounts payable and accrued expensesMore than one value recorded for this year — open the FDD source before comparing$22,729
    2025deferred revenue-$81,812
    2025net cash provided by operating activities$524,803
    2025distributions to member-$519,158
    2025ending$5,645
    2025cash$5,645
    2025deferred costs$11,490
    2025franchise fees$81,812
    2025deferred franchise costs, net of current portion$12,399
    2025total liabilities$95,667
    2025accounts receivable$53,711
    2025net increase in cash$5,645
    2025other general and administrative expenses$24,499
    2025net incomeMore than one value recorded for this year — open the FDD source before comparing$499,131
    2025advertising and marketing$20,943
    2025royalties$710,878
    2024accounts receivable, net$104,541
    2024total current assets$107,424
    2024total assets$130,046
    2024accounts payable and accrued expensesMore than one value recorded for this year — open the FDD source before comparing$5,921
    2024deferred revenue$35,075
    2024total current liabilities$40,996
    2024deferred revenue, net$113,754
    2024total liabilities and member's deficit$130,046
    2024royalties$809,983
    2024brand development fund revenue$199,823
    2024advertising and marketing$27,920
    2024brand development fund expenses$234,219
    2024commissions$10,247
    2024management fees$247,426
    2024professional fees$29,560
    2024other general and administrative expenses$22,305
    2024net income$574,606
    2024provision for credit losses$7,029
    2024accounts payable and accrued expensesMore than one value recorded for this year — open the FDD source before comparing-$9,088
    2024deferred and unbilled revenue-$43,625
    2024net cash provided by operating activities$449,265
    2024member's deficit-$24,704
    2024franchise fees$68,625
    2024other revenue$67,852
    2024total general and administrative expenses$571,677
    2024net cash used by financing activities-$449,265
    2024deferred costsMore than one value recorded for this year — open the FDD source before comparing$2,883
    2024accounts receivable-$82,404
    2024distributions to member-$449,265
    2024total revenues$1,146,283
    2024operating activities net income$574,606
    2024deferred costs, net$22,622
    2024deferred costsMore than one value recorded for this year — open the FDD source before comparing$2,747
    2023accounts receivable, net$29,166
    2023unbilled revenue$5,000
    2023deferred costsMore than one value recorded for this year — open the FDD source before comparing$1,190
    2023total current assets$35,356
    2023total assets$62,418
    2023accounts payable and accrued expensesMore than one value recorded for this year — open the FDD source before comparing$15,009
    2023total current liabilities$57,693
    2023deferred revenue, net$154,770
    2023member's deficit-$150,045
    2023total liabilities and member's deficit$62,418
    2023franchise feesMore than one value recorded for this year — open the FDD source before comparing$90,935
    2023brand development fund revenueMore than one value recorded for this year — open the FDD source before comparing$226,073
    2023brand development fund revenueMore than one value recorded for this year — open the FDD source before comparing$234,849
    2023total revenuesMore than one value recorded for this year — open the FDD source before comparing$1,236,745
    2023total revenuesMore than one value recorded for this year — open the FDD source before comparing$1,485,479
    2023brand development fund expensesMore than one value recorded for this year — open the FDD source before comparing$240,319
    2023brand development fund expensesMore than one value recorded for this year — open the FDD source before comparing$478,291
    2023commissionsMore than one value recorded for this year — open the FDD source before comparing$3,062
    2023management feesMore than one value recorded for this year — open the FDD source before comparing$719,863
    2023management feesMore than one value recorded for this year — open the FDD source before comparing$376,141
    2023professional feesMore than one value recorded for this year — open the FDD source before comparing$38,707
    2023other general and administrative expensesMore than one value recorded for this year — open the FDD source before comparing$142,526
    2023total general and administrative expensesMore than one value recorded for this year — open the FDD source before comparing$1,147,255
    2023total general and administrative expensesMore than one value recorded for this year — open the FDD source before comparing$1,057,600
    2023net incomeMore than one value recorded for this year — open the FDD source before comparing$89,490
    2023net incomeMore than one value recorded for this year — open the FDD source before comparing$427,879
    2023operating activities net incomeMore than one value recorded for this year — open the FDD source before comparing$89,490
    2023operating activities net incomeMore than one value recorded for this year — open the FDD source before comparing$427,879
    2023provision for credit lossesMore than one value recorded for this year — open the FDD source before comparing$62,188
    2023provision for credit lossesMore than one value recorded for this year — open the FDD source before comparing$39,061
    2023accounts receivableMore than one value recorded for this year — open the FDD source before comparing-$57,127
    2023deferred costsMore than one value recorded for this year — open the FDD source before comparing-$19,438
    2023deferred costsMore than one value recorded for this year — open the FDD source before comparing$12,733
    2023accounts payable and accrued expensesMore than one value recorded for this year — open the FDD source before comparing$7,442
    2023gift card liability$1,690
    2023deferred and unbilled revenueMore than one value recorded for this year — open the FDD source before comparing-$68,685
    2023deferred and unbilled revenueMore than one value recorded for this year — open the FDD source before comparing-$283,321
    2023net cash provided by operating activitiesMore than one value recorded for this year — open the FDD source before comparing$180,167
    2023financing activities net advances to member-$232,694
    2023distributions to member-$171,764
    2023net cash used by financing activitiesMore than one value recorded for this year — open the FDD source before comparing-$171,764
    2023net cash used by financing activitiesMore than one value recorded for this year — open the FDD source before comparing-$232,694
    2023net decrease in cash and cash equivalentsMore than one value recorded for this year — open the FDD source before comparing-$157,894
    2023net decrease in cash and cash equivalentsMore than one value recorded for this year — open the FDD source before comparing-$52,527
    2023cash and cash equivalents, beginning of yearMore than one value recorded for this year — open the FDD source before comparing$157,894
    2023cash and cash equivalents, end of year$157,894
    2023supplemental disclosure of cash flow information non-cash financing activity distribution to member$5,377,334
    2023deferred costs, net$27,062
    2023royaltiesMore than one value recorded for this year — open the FDD source before comparing$872,957
    2023other revenueMore than one value recorded for this year — open the FDD source before comparing$69,178
    2023net cash provided by operating activitiesMore than one value recorded for this year — open the FDD source before comparing$13,870
    2023commissionsMore than one value recorded for this year — open the FDD source before comparing$12,733
    2023franchise feesMore than one value recorded for this year — open the FDD source before comparing$325,041
    2023accounts receivableMore than one value recorded for this year — open the FDD source before comparing-$8,045
    2023professional feesMore than one value recorded for this year — open the FDD source before comparing$40,429
    2023deferred revenue$42,684
    2023other general and administrative expensesMore than one value recorded for this year — open the FDD source before comparing$150,598
    2023cash and cash equivalents, beginning of yearMore than one value recorded for this year — open the FDD source before comparing$210,421
    2023other revenueMore than one value recorded for this year — open the FDD source before comparing$46,780
    2023advertising and marketingMore than one value recorded for this year — open the FDD source before comparing$1,130
    2023royaltiesMore than one value recorded for this year — open the FDD source before comparing$856,411
    2023advertising and marketingMore than one value recorded for this year — open the FDD source before comparing$1,056
    2023accounts payable and accrued expensesMore than one value recorded for this year — open the FDD source before comparing-$9,830

    These figures describe the franchisor company, not individual franchise locations.

    SBA-backed loans to franchisees

    Loading…

    Source: U.S. Small Business Administration 7(a) & 504 FOIA data. Loan volume is not a measure of franchisee success.

    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. 55 · 2026 FDD

      Our summary: Table 1 Franchised 2025 — End

      “Franchised 2023 57 50 - 7 2024 50 45 - 5 2025 45 2 6 - 1 9 Company Owned 2023 0 0 0 2024 0 0 0 2025 0 0 0 Total Outlets 2023 57 50 - 7 2024 50 45 - 5 2025 45 2 6 - 1 9 ”

      Note: This Item 20 claim is the systemwide Franchised subgroup row, not the national/systemwide Total row required by the review scope.

    • Item 20 · PDF p. 55 · 2026 FDD

      Our summary: Table 1 Franchised 2025 — Net change

      “Franchised 2023 57 50 - 7 2024 50 45 - 5 2025 45 2 6 - 1 9 Company Owned 2023 0 0 0 2024 0 0 0 2025 0 0 0 Total Outlets 2023 57 50 - 7 2024 50 45 - 5 2025 45 2 6 - 1 9 ”

      Note: This Item 20 claim is the Franchised subgroup row, not the national/systemwide Total row required by the review scope.

    • Item 20 · PDF p. 55 · 2026 FDD

      Our summary: Table 1 Franchised 2024 — Net change

      “Franchised 2023 57 50 - 7 2024 50 45 - 5 2025 45 2 6 - 1 9 Company Owned 2023 0 0 0 2024 0 0 0 2025 0 0 0 Total Outlets 2023 57 50 - 7 2024 50 45 - 5 2025 45 2 6 - 1 9 ”

      Note: This Item 20 claim is a Franchised subgroup row, not the national/systemwide Total row required by the review scope.

    • Item 20 · PDF p. 55 · 2026 FDD

      Our summary: Table 1 Franchised 2025 — Start

      “Franchised 2023 57 50 - 7 2024 50 45 - 5 2025 45 2 6 - 1 9 Company Owned 2023 0 0 0 2024 0 0 0 2025 0 0 0 Total Outlets 2023 57 50 - 7 2024 50 45 - 5 2025 45 2 6 - 1 9 ”

      Note: This Item 20 claim is a Franchised subgroup row, not the national/systemwide Total row required by the review scope.

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