Red Roof Inn

    Franchise research report · reviewed 2026 disclosure data

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

    Reviewed sources

    Red Roof Inn franchise operates budget-friendly hotels under multiple brand tiers including Red Roof Inn, Red Roof PLUS+, and suites configurations, serving cos

    Headline figures

    Quick facts

    How much does it cost to open a Red Roof Inn franchise?
    The Red Roof Inn Franchise Disclosure Document reports separate estimated initial investments by format: $7,267,500–$8,293,100 for table 3 - your estimated initial investment for an 82-room new build red roof plus+ & suites — rranged as incurred vendors & employees total (excludes land acquisition costs) (note 21) — 7267500 (2026 FDD, Item 7, PDF p. 30); $264,850 for conversion only (table 6 - your estimated initial investment for a 65 room conversion property red roof inn or red roof inn & suites — ) (note 13) $112,000 $154,000 as arranged as incurred vendors & employees total (note 14) — 264850) (2026 FDD, Item 7, PDF p. 38); $353,000–$685,000 for conversion only (table 7 - your estimated initial investment for a 65 room conversion property - red roof plus+ — ) (note 13) $112,000 $154,000 as arranged as incurred vendors & employees total (note 14) — 353000) (2026 FDD, Item 7, PDF p. 39); $357,000 for conversion only (table 8 - your estimated initial investment for a 65 room conversion property - red roof plus+ & suites — ) (note 13) $112,000 $154,000 as arranged as incurred vendors & employees total (note 14) — 357000) (2026 FDD, Item 7, PDF p. 40); $7,253,500 for table 1 - your estimated initial investment for an 82-room new build red roof inn or red roof inn & suites — rranged as incurred vendors & employees total (excludes land acquisition costs) (note 21) — 7253500 (2026 FDD, Item 7, PDF p. 27); $7,267,500 for table 2 - your estimated initial investment for an 82-room new build red roof plus+ — rranged as incurred vendors & employees total (excludes land acquisition costs) (note 21) — 7267500 (2026 FDD, Item 7, PDF p. 29); $693,268 for conversion only (table 9 your estimated initial investment for a 120 room conversion property for a dual brand hotel (red roof inn and hometowne st — s (note 13) $112,000 $154,000 as arranged as incurred vendors & employees total (note 14) — 693268) (2026 FDD, Item 7, PDF p. 42). These formats are not combined. Each is the franchisor's disclosed estimate, not a quote. Details
    What ongoing fees does Red Roof Inn charge?
    The disclosed ongoing royalty is $3,000 (2026 FDD, Item 6, PDF p. 16). The brand or advertising fund contribution is $4 (2026 FDD, Item 6, PDF p. 17). Other recurring fees are listed in Item 6. Details
    Does Red Roof Inn disclose financial performance (Item 19)?
    Yes. The Red Roof Inn FDD includes an Item 19 financial performance representation (2026 FDD, Item 19, PDF p. 66). Figures apply only to the locations and period each one covers. Details
    How many Red Roof Inn locations are there?
    The FDD reports 596 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: $7,267,500 – $8,293,100 (TABLE 3 - YOUR ESTIMATED INITIAL INVESTMENT FOR AN 82-ROOM NEW BUILD RED ROOF PLUS+ & SUITES — rranged As Incurred Vendors & Employees TOTAL (excludes land acquisition costs) (Note 21) — 7267500); $264,850 (TABLE 6 - YOUR ESTIMATED INITIAL INVESTMENT FOR A 65 ROOM CONVERSION PROPERTY RED ROOF INN OR RED ROOF INN & SUITES — ) (Note 13) $112,000 $154,000 As Arranged As Incurred Vendors & Employees TOTAL (Note 14) — 264850); $353,000 – $685,000 (TABLE 7 - YOUR ESTIMATED INITIAL INVESTMENT FOR A 65 ROOM CONVERSION PROPERTY - RED ROOF PLUS+ — ) (Note 13) $112,000 $154,000 As Arranged As Incurred Vendors & Employees TOTAL (Note 14) — 353000); $357,000 (TABLE 8 - YOUR ESTIMATED INITIAL INVESTMENT FOR A 65 ROOM CONVERSION PROPERTY - RED ROOF PLUS+ & SUITES — ) (Note 13) $112,000 $154,000 As Arranged As Incurred Vendors & Employees TOTAL (Note 14) — 357000); $7,253,500 (TABLE 1 - YOUR ESTIMATED INITIAL INVESTMENT FOR AN 82-ROOM NEW BUILD RED ROOF INN OR RED ROOF INN & SUITES — rranged As Incurred Vendors & Employees TOTAL (excludes land acquisition costs) (Note 21) — 7253500); $7,267,500 (TABLE 2 - YOUR ESTIMATED INITIAL INVESTMENT FOR AN 82-ROOM NEW BUILD RED ROOF PLUS+ — rranged As Incurred Vendors & Employees TOTAL (excludes land acquisition costs) (Note 21) — 7267500); $693,268 (TABLE 9 YOUR ESTIMATED INITIAL INVESTMENT FOR A 120 ROOM CONVERSION PROPERTY FOR A DUAL BRAND HOTEL (RED ROOF INN AND HOMETOWNE ST — s (Note 13) $112,000 $154,000 As Arranged As Incurred Vendors & Employees TOTAL (Note 14) — 693268); several initial fee options apply.
    2. 2Item 19 covers 18 separate groups: other measures for 27 Affiliate-owned locations; other measures for 567 Franchised locations; other measures for 594 Mixed affiliate/franchised locations; other measures for 18 Affiliate-owned locations; other measures for 59 Franchised locations; other measures for 77 Mixed affiliate/franchised locations; other measures for 9 Affiliate-owned locations; other measures for 508 Franchised locations; other measures for 517 Mixed affiliate/franchised locations; other measures for Affiliate-Owned Inns locations; other measures for Affiliate-Owned Inns locations; other measures for Affiliate-Owned and Franchised Inns locations; other measures for Affiliate-Owned and Franchised Inns locations; other measures for Affiliate-Owned and Franchised Inns locations; other measures for Franchised Inns locations; other measures for Affiliate-Owned Inns locations; other measures for Franchised Inns locations; other measures for Franchised Inns locations. They are not combined.
    3. 3Outlets grew by 12 in 2025, to 596 (United States, as labeled in the FDD, Item 20).

    From reviewed FDD figures only. Not a recommendation or projection.

    Costs · Items 5–7

    What does it cost to open?

    Estimated opening costs and the fees payable to the franchisor.

    Startup Investment — Item 7

    Range across 7 single-unit formats

    2026 FDD · Item 7

    Formats disclosed in Item 7 (9)

    Each format has its own total. The total depends on the format you choose; multi-unit packages are listed but not included in the headline range.

    • TABLE 6 - YOUR ESTIMATED INITIAL INVESTMENT FOR A 65 ROOM CONVERSION PROPERTY RED ROOF INN OR RED ROOF INN & SUITES — ) (Note 13) $112,000 $154,000 As Arranged As Incurred Vendors & Employees TOTAL (Note 14) — 264850PDF p. 38$264,850
    • TABLE 7 - YOUR ESTIMATED INITIAL INVESTMENT FOR A 65 ROOM CONVERSION PROPERTY - RED ROOF PLUS+ — ) (Note 13) $112,000 $154,000 As Arranged As Incurred Vendors & Employees TOTAL (Note 14) — 353000PDF p. 39$353,000 – $685,000
    • TABLE 8 - YOUR ESTIMATED INITIAL INVESTMENT FOR A 65 ROOM CONVERSION PROPERTY - RED ROOF PLUS+ & SUITES — ) (Note 13) $112,000 $154,000 As Arranged As Incurred Vendors & Employees TOTAL (Note 14) — 357000PDF p. 40$357,000
    • TABLE 9 YOUR ESTIMATED INITIAL INVESTMENT FOR A 120 ROOM CONVERSION PROPERTY FOR A DUAL BRAND HOTEL (RED ROOF INN AND HOMETOWNE ST — s (Note 13) $112,000 $154,000 As Arranged As Incurred Vendors & Employees TOTAL (Note 14) — 693268PDF p. 42$693,268
    • TABLE 1 - YOUR ESTIMATED INITIAL INVESTMENT FOR AN 82-ROOM NEW BUILD RED ROOF INN OR RED ROOF INN & SUITES — rranged As Incurred Vendors & Employees TOTAL (excludes land acquisition costs) (Note 21) — 7253500PDF p. 27$7,253,500
    • TABLE 3 - YOUR ESTIMATED INITIAL INVESTMENT FOR AN 82-ROOM NEW BUILD RED ROOF PLUS+ & SUITES — rranged As Incurred Vendors & Employees TOTAL (excludes land acquisition costs) (Note 21) — 7267500PDF p. 30$7,267,500 – $8,293,100
    • TABLE 2 - YOUR ESTIMATED INITIAL INVESTMENT FOR AN 82-ROOM NEW BUILD RED ROOF PLUS+ — rranged As Incurred Vendors & Employees TOTAL (excludes land acquisition costs) (Note 21) — 7267500PDF p. 29$7,267,500
    • TABLE 4- YOUR ESTIMATED INITIAL INVESTMENT FOR A 140 ROOM NEW BUILD DUAL BRAND HOTEL (RED ROOF INN AND HOMETOWNE STUDIOS) — rranged As Incurred Vendors & Employees TOTAL (excludes land acquisition costs) (Note 21) — 13569518Multi-unitPDF p. 32$13,569,518 – $15,836,090
    • TABLE 5 - YOUR ESTIMATED INITIAL INVESTMENT FOR A 140 ROOM NEW BUILD DUAL BRAND HOTEL (RED ROOF PLUS+ / HOMETOWNE STUDIOS) — rranged As Incurred Vendors & Employees TOTAL (excludes land acquisition costs) (Note 21) — 13588418Multi-unitPDF p. 34$13,588,418

    Ongoing Fees — Item 6

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

    ge point reduction in Royalty Fees for a period of up to one year (for a maximum value of — 3000Main ongoing fee

    98 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?

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

    Locations counted: not stated in the reviewed record

    Other measures · 27 locations

    Who is counted
    Red Roof Inn and PLUS+
    Period
    Daily Room Rate Median
    Excluded
    29franchisedinnsopened2025excluded;8affiliateinnssoldtofranchisees2025included. Openatleastoneyear;temporaryclosuresunder90days.
    Method
    Unauditedfranchisor/franchiseerecords. ADRroomrevenue/occupiedrooms;occupancyoccupied/available;RevPARADRxoccupancy;brandcontributionroomrevenuefromspecifiedbrandchannelsincludingdirectRediRewardsbookings. STRcompsetapprox5similarlocalhotels. Noexpensesorprofityinferred.

    Locations counted: not stated in the reviewed record

    Other measures · 567 locations

    Who is counted
    Red Roof Inn and PLUS+
    Period
    Daily Room Rate Average
    Excluded
    29franchisedinnsopened2025excluded;8affiliateinnssoldtofranchisees2025included. Openatleastoneyear;temporaryclosuresunder90days.
    Method
    Unauditedfranchisor/franchiseerecords. ADRroomrevenue/occupiedrooms;occupancyoccupied/available;RevPARADRxoccupancy;brandcontributionroomrevenuefromspecifiedbrandchannelsincludingdirectRediRewardsbookings. STRcompsetapprox5similarlocalhotels. Noexpensesorprofityinferred.

    Locations counted: not stated in the reviewed record

    Other measures · 594 locations

    Who is counted
    Red Roof Inn and PLUS+
    Period
    Daily Room Rate Average
    Excluded
    29franchisedinnsopened2025excluded;8affiliateinnssoldtofranchisees2025included. Openatleastoneyear;temporaryclosuresunder90days.
    Method
    Unauditedfranchisor/franchiseerecords. ADRroomrevenue/occupiedrooms;occupancyoccupied/available;RevPARADRxoccupancy;brandcontributionroomrevenuefromspecifiedbrandchannelsincludingdirectRediRewardsbookings. STRcompsetapprox5similarlocalhotels. Noexpensesorprofityinferred.

    Locations counted: not stated in the reviewed record

    Other measures · 18 locations

    Who is counted
    Red Roof PLUS+
    Period
    Daily Room Rate Average
    Excluded
    29franchisedinnsopened2025excluded;8affiliateinnssoldtofranchisees2025included. Openatleastoneyear;temporaryclosuresunder90days.
    Method
    Unauditedfranchisor/franchiseerecords. ADRroomrevenue/occupiedrooms;occupancyoccupied/available;RevPARADRxoccupancy;brandcontributionroomrevenuefromspecifiedbrandchannelsincludingdirectRediRewardsbookings. STRcompsetapprox5similarlocalhotels. Noexpensesorprofityinferred.

    Locations counted: not stated in the reviewed record

    Other measures · 59 locations

    Who is counted
    Red Roof PLUS+
    Period
    Daily Room Rate Average
    Excluded
    29franchisedinnsopened2025excluded;8affiliateinnssoldtofranchisees2025included. Openatleastoneyear;temporaryclosuresunder90days.
    Method
    Unauditedfranchisor/franchiseerecords. ADRroomrevenue/occupiedrooms;occupancyoccupied/available;RevPARADRxoccupancy;brandcontributionroomrevenuefromspecifiedbrandchannelsincludingdirectRediRewardsbookings. STRcompsetapprox5similarlocalhotels. Noexpensesorprofityinferred.

    Locations counted: not stated in the reviewed record

    Other measures · 77 locations

    Who is counted
    Red Roof PLUS+
    Period
    Daily Room Rate Average
    Excluded
    29franchisedinnsopened2025excluded;8affiliateinnssoldtofranchisees2025included. Openatleastoneyear;temporaryclosuresunder90days.
    Method
    Unauditedfranchisor/franchiseerecords. ADRroomrevenue/occupiedrooms;occupancyoccupied/available;RevPARADRxoccupancy;brandcontributionroomrevenuefromspecifiedbrandchannelsincludingdirectRediRewardsbookings. STRcompsetapprox5similarlocalhotels. Noexpensesorprofityinferred.

    Locations counted: not stated in the reviewed record

    Other measures · 9 locations

    Who is counted
    Red Roof Inn
    Period
    Daily Room Rate Average
    Excluded
    29franchisedinnsopened2025excluded;8affiliateinnssoldtofranchisees2025included. Openatleastoneyear;temporaryclosuresunder90days.
    Method
    Unauditedfranchisor/franchiseerecords. ADRroomrevenue/occupiedrooms;occupancyoccupied/available;RevPARADRxoccupancy;brandcontributionroomrevenuefromspecifiedbrandchannelsincludingdirectRediRewardsbookings. STRcompsetapprox5similarlocalhotels. Noexpensesorprofityinferred.

    Locations counted: not stated in the reviewed record

    Other measures · 508 locations

    Who is counted
    Red Roof Inn
    Period
    Daily Room Rate Average
    Excluded
    29franchisedinnsopened2025excluded;8affiliateinnssoldtofranchisees2025included. Openatleastoneyear;temporaryclosuresunder90days.
    Method
    Unauditedfranchisor/franchiseerecords. ADRroomrevenue/occupiedrooms;occupancyoccupied/available;RevPARADRxoccupancy;brandcontributionroomrevenuefromspecifiedbrandchannelsincludingdirectRediRewardsbookings. STRcompsetapprox5similarlocalhotels. Noexpensesorprofityinferred.

    Locations counted: not stated in the reviewed record

    Other measures · 517 locations

    Who is counted
    Red Roof Inn
    Period
    Daily Room Rate Average
    Excluded
    29franchisedinnsopened2025excluded;8affiliateinnssoldtofranchisees2025included. Openatleastoneyear;temporaryclosuresunder90days.
    Method
    Unauditedfranchisor/franchiseerecords. ADRroomrevenue/occupiedrooms;occupancyoccupied/available;RevPARADRxoccupancy;brandcontributionroomrevenuefromspecifiedbrandchannelsincludingdirectRediRewardsbookings. STRcompsetapprox5similarlocalhotels. Noexpensesorprofityinferred.

    Locations counted: not stated in the reviewed record

    Other measures

    Who is counted
    Inn&PLUS+
    Period
    Inn&PLUS+
    Excluded
    29franchisedinnsopened2025excluded;8affiliateinnssoldtofranchisees2025included. Openatleastoneyear;temporaryclosuresunder90days.
    Method
    Unauditedfranchisor/franchiseerecords. ADRroomrevenue/occupiedrooms;occupancyoccupied/available;RevPARADRxoccupancy;brandcontributionroomrevenuefromspecifiedbrandchannelsincludingdirectRediRewardsbookings. STRcompsetapprox5similarlocalhotels. Noexpensesorprofityinferred.

    Locations counted: not stated in the reviewed record

    Other measures

    Who is counted
    PLUS+
    Period
    PLUS+
    Excluded
    29franchisedinnsopened2025excluded;8affiliateinnssoldtofranchisees2025included. Openatleastoneyear;temporaryclosuresunder90days.
    Method
    Unauditedfranchisor/franchiseerecords. ADRroomrevenue/occupiedrooms;occupancyoccupied/available;RevPARADRxoccupancy;brandcontributionroomrevenuefromspecifiedbrandchannelsincludingdirectRediRewardsbookings. STRcompsetapprox5similarlocalhotels. Noexpensesorprofityinferred.

    Locations counted: not stated in the reviewed record

    Other measures

    Who is counted
    Inn&PLUS+
    Period
    Inn&PLUS+
    Excluded
    29franchisedinnsopened2025excluded;8affiliateinnssoldtofranchisees2025included. Openatleastoneyear;temporaryclosuresunder90days.
    Method
    Unauditedfranchisor/franchiseerecords. ADRroomrevenue/occupiedrooms;occupancyoccupied/available;RevPARADRxoccupancy;brandcontributionroomrevenuefromspecifiedbrandchannelsincludingdirectRediRewardsbookings. STRcompsetapprox5similarlocalhotels. Noexpensesorprofityinferred.

    Locations counted: not stated in the reviewed record

    Other measures

    Who is counted
    PLUS+
    Period
    PLUS+
    Excluded
    29franchisedinnsopened2025excluded;8affiliateinnssoldtofranchisees2025included. Openatleastoneyear;temporaryclosuresunder90days.
    Method
    Unauditedfranchisor/franchiseerecords. ADRroomrevenue/occupiedrooms;occupancyoccupied/available;RevPARADRxoccupancy;brandcontributionroomrevenuefromspecifiedbrandchannelsincludingdirectRediRewardsbookings. STRcompsetapprox5similarlocalhotels. Noexpensesorprofityinferred.

    Locations counted: not stated in the reviewed record

    Other measures

    Who is counted
    Inn
    Period
    Inn
    Excluded
    29franchisedinnsopened2025excluded;8affiliateinnssoldtofranchisees2025included. Openatleastoneyear;temporaryclosuresunder90days.
    Method
    Unauditedfranchisor/franchiseerecords. ADRroomrevenue/occupiedrooms;occupancyoccupied/available;RevPARADRxoccupancy;brandcontributionroomrevenuefromspecifiedbrandchannelsincludingdirectRediRewardsbookings. STRcompsetapprox5similarlocalhotels. Noexpensesorprofityinferred.

    Locations counted: not stated in the reviewed record

    Other measures

    Who is counted
    Inn&PLUS+
    Period
    Inn&PLUS+
    Excluded
    29franchisedinnsopened2025excluded;8affiliateinnssoldtofranchisees2025included. Openatleastoneyear;temporaryclosuresunder90days.
    Method
    Unauditedfranchisor/franchiseerecords. ADRroomrevenue/occupiedrooms;occupancyoccupied/available;RevPARADRxoccupancy;brandcontributionroomrevenuefromspecifiedbrandchannelsincludingdirectRediRewardsbookings. STRcompsetapprox5similarlocalhotels. Noexpensesorprofityinferred.

    Locations counted: not stated in the reviewed record

    Other measures

    Who is counted
    Inn
    Period
    Inn
    Excluded
    29franchisedinnsopened2025excluded;8affiliateinnssoldtofranchisees2025included. Openatleastoneyear;temporaryclosuresunder90days.
    Method
    Unauditedfranchisor/franchiseerecords. ADRroomrevenue/occupiedrooms;occupancyoccupied/available;RevPARADRxoccupancy;brandcontributionroomrevenuefromspecifiedbrandchannelsincludingdirectRediRewardsbookings. STRcompsetapprox5similarlocalhotels. Noexpensesorprofityinferred.

    Locations counted: not stated in the reviewed record

    Other measures

    Who is counted
    PLUS+
    Period
    PLUS+
    Excluded
    29franchisedinnsopened2025excluded;8affiliateinnssoldtofranchisees2025included. Openatleastoneyear;temporaryclosuresunder90days.
    Method
    Unauditedfranchisor/franchiseerecords. ADRroomrevenue/occupiedrooms;occupancyoccupied/available;RevPARADRxoccupancy;brandcontributionroomrevenuefromspecifiedbrandchannelsincludingdirectRediRewardsbookings. STRcompsetapprox5similarlocalhotels. Noexpensesorprofityinferred.

    Locations counted: not stated in the reviewed record

    Other measures

    Who is counted
    Inn
    Period
    Inn
    Excluded
    29franchisedinnsopened2025excluded;8affiliateinnssoldtofranchisees2025included. Openatleastoneyear;temporaryclosuresunder90days.
    Method
    Unauditedfranchisor/franchiseerecords. ADRroomrevenue/occupiedrooms;occupancyoccupied/available;RevPARADRxoccupancy;brandcontributionroomrevenuefromspecifiedbrandchannelsincludingdirectRediRewardsbookings. STRcompsetapprox5similarlocalhotels. Noexpensesorprofityinferred.

    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 2025-12-31 of each year.

    2026 FDD · Item 20 · PDF p. 71

    Net +35 outlets, 2023–2025

    0561202358420245962025+23+12

    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 ($264,850 – $8,293,100) 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 584 to 596 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 — Red Roof Inn and PLUS+ · PDF p. 66
    2. [2]Item 19 — Locations counted not stated in the reviewed record — Red Roof Inn and PLUS+ · PDF p. 66
    3. [3]Item 19 — Locations counted not stated in the reviewed record — Red Roof Inn and PLUS+ · PDF p. 66; PDF p. 67
    4. [4]Item 19 — Locations counted not stated in the reviewed record — Red Roof PLUS+ · PDF p. 67
    5. [5]Item 19 — Locations counted not stated in the reviewed record — Red Roof PLUS+ · PDF p. 67
    6. [6]Item 19 — Locations counted not stated in the reviewed record — Red Roof PLUS+ · PDF p. 68
    7. [7]Item 19 — Locations counted not stated in the reviewed record — Red Roof Inn · PDF p. 68
    8. [8]Item 19 — Locations counted not stated in the reviewed record — Red Roof Inn · PDF p. 69
    9. [9]Item 19 — Locations counted not stated in the reviewed record — Red Roof Inn · PDF p. 69
    10. [10]Item 19 — Locations counted not stated in the reviewed record — Inn&PLUS+ · PDF p. 70
    11. [11]Item 19 — Locations counted not stated in the reviewed record — PLUS+ · PDF p. 70
    12. [12]Item 19 — Locations counted not stated in the reviewed record — Inn&PLUS+ · PDF p. 70
    13. [13]Item 19 — Locations counted not stated in the reviewed record — PLUS+ · PDF p. 70
    14. [14]Item 19 — Locations counted not stated in the reviewed record — Inn · PDF p. 70
    15. [15]Item 19 — Locations counted not stated in the reviewed record — Inn&PLUS+ · PDF p. 70
    16. [16]Item 19 — Locations counted not stated in the reviewed record — Inn · PDF p. 70
    17. [17]Item 19 — Locations counted not stated in the reviewed record — PLUS+ · PDF p. 70
    18. [18]Item 19 — Locations counted not stated in the reviewed record — Inn · PDF p. 70
    19. [19]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

    665 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
    2025assets cash and cash equivalents$24,942,218
    2025prepaid expenses and other assetsMore than one value recorded for this year — open the FDD source before comparing$1,930,881
    2025key money receivable$4,524,724
    2025operating lease right-of-use asset$1,693,482
    2025depreciationMore than one value recorded for this year — open the FDD source before comparing$191,849
    2025deferred tax asset, net$1,106,617
    2025payable to affiliates$5,099,436
    2025total assets$51,774,141
    2025liabilities and member's equity accounts payable$2,277,801
    2025deferred revenueMore than one value recorded for this year — open the FDD source before comparing$7,230,361
    2025operating lease liabilities$1,714,556
    2025accrued expensesMore than one value recorded for this year — open the FDD source before comparing$4,870,929
    2025total liabilities$25,093,083
    2025member's equity$26,681,058
    2025revenues$84,832,782
    2025personnel costs$28,027,271
    2025sales and marketing$19,309,597
    2025general and administrative$19,480,057
    2025amortizationMore than one value recorded for this year — open the FDD source before comparing$271,844
    2025total expenses$67,280,618
    2025income before interest and taxes$17,552,164
    2025interest income-$554,402
    2025income before income taxes$17,891,080
    2025income tax expense$4,499,923
    2025net incomeMore than one value recorded for this year — open the FDD source before comparing$13,391,157
    2025net incomeMore than one value recorded for this year — open the FDD source before comparing$13,391,157
    2025amortizationMore than one value recorded for this year — open the FDD source before comparing$271,844
    2025depreciationMore than one value recorded for this year — open the FDD source before comparing$191,849
    2025change in deferred income taxes, net-$818,317
    2025provision for credit losses$3,294,238
    2025accounts receivable-$854,627
    2025prepaid expenses and other assetsMore than one value recorded for this year — open the FDD source before comparing$369,470
    2025key money-$1,206,572
    2025accounts payable-$2,969,415
    2025accrued expensesMore than one value recorded for this year — open the FDD source before comparing$173,696
    2025deferred revenueMore than one value recorded for this year — open the FDD source before comparing-$270,918
    2025net cash provided by operating activities$17,224,251
    2025purchase of equipment and software-$746,454
    2025net cash used in investing activities-$746,454
    2025net cash used in financing activities-$13,980,591
    2025net change in cash and equivalents$2,497,206
    2025cash and cash equivalents, beginning of the period$22,445,012
    2025cash and cash equivalents, end of the period$24,942,218
    2025interest paid$814,486
    2025intangible assets net$519,117
    2025distribution to member-$13,980,591
    2025software net$750,092
    2025accounts receivable net$11,823,824
    2025other expense$215,486
    2025key money loan forgiveness$290,013
    2025contract assets$66,123
    2025property and equipment net$796,231
    2025note payable, affiliate$3,900,000
    2025deferred franchise sales commissions$3,686,955
    2025total liabilities and member's equity$51,774,141
    2025non-cash lease expense$17,885
    2025payable/receivable with affiliates$5,277,825
    2024accounts receivable net$14,263,435
    2024receivable from affiliates$178,386
    2024prepaid expenses and other assetsMore than one value recorded for this year — open the FDD source before comparing$2,300,351
    2024deferred franchise sales commissions$3,753,078
    2024key money receivable$3,608,165
    2024operating lease right-of-use asset$2,003,505
    2024intangible assets net$585,714
    2024liabilities and member's equity accounts payable$5,247,216
    2024deferred tax asset, net$288,301
    2024property and equipment net$294,866
    2024software net$902,098
    2024total assets$50,622,911
    2024note payable, affiliate$4,550,000
    2024deferred revenueMore than one value recorded for this year — open the FDD source before comparing$7,501,279
    2024operating lease liabilities$2,006,694
    2024accrued expensesMore than one value recorded for this year — open the FDD source before comparing$4,697,233
    2024total liabilities and member's equity$50,622,911
    2024revenues$91,958,435
    2024personnel costs$29,984,133
    2024sales and marketing$23,480,391
    2024general and administrative$17,704,940
    2024amortizationMore than one value recorded for this year — open the FDD source before comparing$301,168
    2024total expenses$71,673,607
    2024income before interest and taxes$20,284,828
    2024other expense$249,152
    2024interest income-$893,650
    2024income before income taxes$20,929,326
    2024income tax expense$5,398,805
    2024net incomeMore than one value recorded for this year — open the FDD source before comparing$15,530,521
    2024net incomeMore than one value recorded for this year — open the FDD source before comparing$15,530,521
    2024amortizationMore than one value recorded for this year — open the FDD source before comparing$301,168
    2024key money loan forgiveness$248,873
    2024non-cash lease expense$3,189
    2024change in deferred income taxes, net-$172,418
    2024provision for credit losses$1,263,969
    2024loss on disposition of assets$13,229
    2024accounts receivable-$3,398,251
    2024prepaid expenses and other assetsMore than one value recorded for this year — open the FDD source before comparing-$384,699
    2024key money-$1,650,500
    2024accounts payable$1,979,308
    2024accrued expensesMore than one value recorded for this year — open the FDD source before comparing$183,817
    2024deferred revenueMore than one value recorded for this year — open the FDD source before comparing-$340,208
    2024purchase of equipment and software-$922,023
    2024purchase of intangible assets-$13,851
    2024net cash used in investing activities-$935,874
    2024distribution to member-$22,415,038
    2024net change in cash and equivalents-$9,971,716
    2024cash and cash equivalents, beginning of the period$32,416,728
    2024interest paid$650,218
    2024total liabilities$24,002,422
    2024member's equity$26,620,489
    2024depreciationMore than one value recorded for this year — open the FDD source before comparing$189,746
    2024net cash provided by operating activities$13,379,196
    2024loss on disposal of assets$13,229
    2024net cash used in financing activities-$22,415,038
    2024assets cash and cash equivalents$22,445,012
    2024depreciationMore than one value recorded for this year — open the FDD source before comparing$189,746
    2024contract assets$203,293
    2024payable/receivable with affiliates-$591,841
    2024cash and cash equivalents, end of the period$22,445,012
    2023amortizationMore than one value recorded for this year — open the FDD source before comparing$325,228
    2023assets cash and cash equivalents$32,416,728
    2023accounts receivable net$12,129,153
    2023deferred franchise sales commissions$3,956,371
    2023key money receivable$2,206,538
    2023deferred tax asset, net$115,883
    2023property and equipment net$566,319
    2023liabilities and member's equity accounts payable$3,267,908
    2023payable to affiliates$413,455
    2023software net$53,704
    2023total assets$54,091,272
    2023note payable, affiliate$5,200,000
    2023accrued expensesMore than one value recorded for this year — open the FDD source before comparing$4,513,416
    2023total liabilities$21,236,266
    2023member's equity$32,855,006
    2023revenues$94,164,425
    2023personnel costs$31,884,018
    2023general and administrative$13,898,092
    2023depreciationMore than one value recorded for this year — open the FDD source before comparing$202,424
    2023total expenses$70,619,253
    2023income before interest and taxes$23,545,172
    2023other expense$281,388
    2023interest income-$1,512,774
    2023income tax expense$6,356,658
    2023net incomeMore than one value recorded for this year — open the FDD source before comparing$18,419,900
    2023amortizationMore than one value recorded for this year — open the FDD source before comparing$325,228
    2023key money loan forgiveness$112,444
    2023depreciationMore than one value recorded for this year — open the FDD source before comparing$202,424
    2023change in deferred income taxes, net$839,216
    2023accounts receivable-$3,103,004
    2023prepaid expenses and other assetsMore than one value recorded for this year — open the FDD source before comparing-$296,416
    2023contract assets-$192,988
    2023key money-$1,107,500
    2023accrued expensesMore than one value recorded for this year — open the FDD source before comparing-$1,206,615
    2023accrued income taxes-$76,821
    2023deferred revenueMore than one value recorded for this year — open the FDD source before comparing-$1,668,040
    2023payable/receivable with affiliates-$3,243,455
    2023net cash provided by operating activities$8,781,026
    2023purchase of equipment and software-$369,504
    2023net cash used in investing activities-$369,504
    2023distribution to member-$21,855,000
    2023net change in cash and equivalents-$13,443,478
    2023cash and cash equivalents, beginning of the period$45,860,206
    2023cash and cash equivalents, end of the period$32,416,728
    2023interest paid$674,149
    2023deferred revenueMore than one value recorded for this year — open the FDD source before comparing$7,841,487
    2023total liabilities and member's equity$54,091,272
    2023income before income taxes$24,776,558
    2023prepaid expenses and other assetsMore than one value recorded for this year — open the FDD source before comparing$1,915,652
    2023intangible assets net$730,924
    2023accounts payable-$242,866
    2023net incomeMore than one value recorded for this year — open the FDD source before comparing$18,419,900
    2023net cash used in financing activities-$21,855,000
    2023sales and marketing$24,309,491
    2023provision for credit losses$19,519

    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.

    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. 76 · 2026 FDD

      Our summary: Table 3 New Jersey 2024 — Not renewed

      “2024 15 0 0 0 0 0 15”

      Note: This is a state-specific Item 20 outlet row. The check requires a national/systemwide Total row.

    • Item 20 · PDF p. 76 · 2026 FDD

      Our summary: Table 3 New Jersey 2024 — Terminated

      “2024 15 0 0 0 0 0 15”

      Note: This claim is state-specific or ownership-basis-specific Item 20 data, not a national/systemwide Total row.

    • Item 20 · PDF p. 76 · 2026 FDD

      Our summary: Table 3 New Jersey 2024 — Opened

      “2024 15 0 0 0 0 0 15”

      Note: This claim is state-specific or ownership-basis-specific Item 20 data, not a national/systemwide Total row.

    • Item 20 · PDF p. 71 · 2026 FDD

      Our summary: Table1 Franchised 2024 — Start

      “Franchised Outlets 2023 546 561 +15 2024 561 584 +23 2025 584 596 +12 Affiliate – Owned Outlets 2023 51 45 -6 2024 45 35 -10 2025 35 27 -8 Total Outlets 2023 597 606 +9 2024 606 619 +13 2025 619 623 +4 ”

      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. 71 · 2026 FDD

      Our summary: Table1 Franchised 2024 — End

      “Franchised Outlets 2023 546 561 +15 2024 561 584 +23 2025 584 596 +12 Affiliate – Owned Outlets 2023 51 45 -6 2024 45 35 -10 2025 35 27 -8 Total Outlets 2023 597 606 +9 2024 606 619 +13 2025 619 623 +4 ”

      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. 71 · 2026 FDD

      Our summary: Table1 Franchised 2023 — Net change

      “Franchised Outlets 2023 546 561 +15 2024 561 584 +23 2025 584 596 +12 Affiliate – Owned Outlets 2023 51 45 -6 2024 45 35 -10 2025 35 27 -8 Total Outlets 2023 597 606 +9 2024 606 619 +13 2025 619 623 +4 ”

      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. 76 · 2026 FDD

      Our summary: Table 3 Kansas 2023 — Start

      “2023 3 0 0 0 0 0 3”

      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. 76 · 2026 FDD

      Our summary: Table 3 Kansas 2023 — Opened

      “2023 3 0 0 0 0 0 3”

      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. 77 · 2026 FDD

      Our summary: Table 3 North Dakota 2025 — Opened

      “2025 2 0 0 0 0 0 2”

      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. 77 · 2026 FDD

      Our summary: Table 3 Ohio 2023 — Opened

      “2023 36 3 0 0 0 0 39”

      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. 77 · 2026 FDD

      Our summary: Table 3 North Dakota 2025 — Not renewed

      “2025 2 0 0 0 0 0 2”

      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. 77 · 2026 FDD

      Our summary: Table 3 Ohio 2023 — Terminated

      “2023 36 3 0 0 0 0 39”

      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. 77 · 2026 FDD

      Our summary: Table 3 Ohio 2023 — Start

      “2023 36 3 0 0 0 0 39”

      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. 77 · 2026 FDD

      Our summary: Table 3 Pennsylvania 2025 — End

      “2025 31 2 1 0 0 1 31”

      Note: Item 20 state-specific row; only national/systemwide Total rows are eligible for verification.

    • Item 20 · PDF p. 77 · 2026 FDD

      Our summary: Table 3 Pennsylvania 2024 — Opened

      “2024 30 3 2 0 0 0 31”

      Note: Item 20 state-specific row; only national/systemwide Total rows are eligible for verification.

    • Item 20 · PDF p. 77 · 2026 FDD

      Our summary: Table 3 Rhode Island 2023 — Opened

      “2023 1 0 0 0 0 0 1”

      Note: Item 20 state/geography-specific row; only national/systemwide Total rows are eligible for verification.

    • Item 20 · PDF p. 77 · 2026 FDD

      Our summary: Table 3 Rhode Island 2023 — Start

      “2023 1 0 0 0 0 0 1”

      Note: Item 20 state/geography-specific row; only national/systemwide Total rows are eligible for verification.

    • Item 20 · PDF p. 77 · 2026 FDD

      Our summary: Table 3 Pennsylvania 2025 — Terminated

      “2025 31 2 1 0 0 1 31”

      Note: Item 20 state-specific row; only national/systemwide Total rows are eligible for verification.

    • Item 20 · PDF p. 77 · 2026 FDD

      Our summary: Table 3 Pennsylvania 2023 — End

      “2023 28 3 1 0 0 0 30”

      Note: Item 20 state-specific row; only national/systemwide Total rows are eligible for verification.

    • Item 20 · PDF p. 77 · 2026 FDD

      Our summary: Table 3 Pennsylvania 2024 — Start

      “2024 30 3 2 0 0 0 31”

      Note: Item 20 state-specific row; only national/systemwide Total rows are eligible for verification.

    • Item 20 · PDF p. 77 · 2026 FDD

      Our summary: Table 3 Pennsylvania 2025 — Start

      “2025 31 2 1 0 0 1 31”

      Note: Item 20 state-specific row; only national/systemwide Total rows are eligible for verification.

    • Item 20 · PDF p. 77 · 2026 FDD

      Our summary: Table 3 Pennsylvania 2024 — Reacquired

      “2024 30 3 2 0 0 0 31”

      Note: Item 20 state-specific row; only national/systemwide Total rows are eligible for verification.

    • Item 20 · PDF p. 77 · 2026 FDD

      Our summary: Table 3 Rhode Island 2024 — End

      “2024 1 0 0 0 0 0 1”

      Note: Item 20 state/geography-specific row; only national/systemwide Total rows are eligible for verification.

    • Item 20 · PDF p. 77 · 2026 FDD

      Our summary: Table 3 Rhode Island 2025 — Start

      “2025 1 0 0 0 0 0 1”

      Note: Item 20 state/geography-specific row; only national/systemwide Total rows are eligible for verification.

    • Item 20 · PDF p. 77 · 2026 FDD

      Our summary: Table 3 Rhode Island 2025 — Reacquired

      “2025 1 0 0 0 0 0 1”

      Note: Item 20 state/geography-specific row; only national/systemwide Total rows are eligible for verification.

    • Item 20 · PDF p. 77 · 2026 FDD

      Our summary: Table 3 Rhode Island 2023 — End

      “2023 1 0 0 0 0 0 1”

      Note: Item 20 state/geography-specific row; only national/systemwide Total rows are eligible for verification.

    • Item 20 · PDF p. 77 · 2026 FDD

      Our summary: Table 3 Rhode Island 2023 — Not renewed

      “2023 1 0 0 0 0 0 1”

      Note: Item 20 state/geography-specific row; only national/systemwide Total rows are eligible for verification.

    • Item 20 · PDF p. 77 · 2026 FDD

      Our summary: Table 3 Rhode Island 2025 — Other ceased

      “2025 1 0 0 0 0 0 1”

      Note: Item 20 state/geography-specific row; only national/systemwide Total rows are eligible for verification.

    • Item 20 · PDF p. 77 · 2026 FDD

      Our summary: Table 3 Rhode Island 2025 — End

      “2025 1 0 0 0 0 0 1”

      Note: Item 20 state/geography-specific row; only national/systemwide Total rows are eligible for verification.

    • Item 20 · PDF p. 77 · 2026 FDD

      Our summary: Table 3 Rhode Island 2024 — Reacquired

      “2024 1 0 0 0 0 0 1”

      Note: Item 20 state/geography-specific row; only national/systemwide Total rows are eligible for verification.

    • Item 20 · PDF p. 77 · 2026 FDD

      Our summary: Table 3 Rhode Island 2023 — Other ceased

      “2023 1 0 0 0 0 0 1”

      Note: Item 20 state/geography-specific row; only national/systemwide Total rows are eligible for verification.

    • Item 20 · PDF p. 77 · 2026 FDD

      Our summary: Table 3 South Carolina 2024 — End

      “2024 21 1 2 0 0 0 20”

      Note: Item 20 state/geography-specific row; only national/systemwide Total rows are eligible for verification.

    • Item 20 · PDF p. 77 · 2026 FDD

      Our summary: Table 3 South Carolina 2025 — Opened

      “2025 20 0 1 0 0 0 19”

      Note: Item 20 state/geography-specific row; only national/systemwide Total rows are eligible for verification.

    • Item 20 · PDF p. 77 · 2026 FDD

      Our summary: Table 3 South Carolina 2025 — Terminated

      “2025 20 0 1 0 0 0 19”

      Note: Item 20 state/geography-specific row; only national/systemwide Total rows are eligible for verification.

    • Item 20 · PDF p. 77 · 2026 FDD

      Our summary: Table 3 South Carolina 2024 — Start

      “2024 21 1 2 0 0 0 20”

      Note: Item 20 state/geography-specific row; only national/systemwide Total rows are eligible for verification.

    • Item 20 · PDF p. 77 · 2026 FDD

      Our summary: Table 3 South Carolina 2023 — Terminated

      “2023 19 2 0 0 0 0 21”

      Note: Item 20 state/geography-specific row; only national/systemwide Total rows are eligible for verification.

    • Item 20 · PDF p. 77 · 2026 FDD

      Our summary: Table 3 South Carolina 2023 — Not renewed

      “2023 19 2 0 0 0 0 21”

      Note: Item 20 state/geography-specific row; only national/systemwide Total rows are eligible for verification.

    • Item 20 · PDF p. 77 · 2026 FDD

      Our summary: Table 3 South Carolina 2024 — Reacquired

      “2024 21 1 2 0 0 0 20”

      Note: Item 20 state/geography-specific row; only national/systemwide Total rows are eligible for verification.

    • Item 20 · PDF p. 77 · 2026 FDD

      Our summary: Table 3 South Carolina 2024 — Other ceased

      “2024 21 1 2 0 0 0 20”

      Note: Item 20 state/geography-specific row; only national/systemwide Total rows are eligible for verification.

    • Item 20 · PDF p. 77 · 2026 FDD

      Our summary: Table 3 South Carolina 2023 — Reacquired

      “2023 19 2 0 0 0 0 21”

      Note: Item 20 state/geography-specific row; only national/systemwide Total rows are eligible for verification.

    • Item 20 · PDF p. 77 · 2026 FDD

      Our summary: Table 3 South Dakota 2023 — Opened

      “2023 1 0 0 0 0 0 1”

      Note: Item 20 state/geography-specific row; only national/systemwide Total rows are eligible for verification.

    • Item 20 · PDF p. 77 · 2026 FDD

      Our summary: Table 3 South Carolina 2025 — End

      “2025 20 0 1 0 0 0 19”

      Note: Item 20 state/geography-specific row; only national/systemwide Total rows are eligible for verification.

    • Item 20 · PDF p. 77 · 2026 FDD

      Our summary: Table 3 South Dakota 2025 — Start

      “2025 1 0 0 0 0 0 1”

      Note: Item 20 state/geography-specific row; only national/systemwide Total rows are eligible for verification.

    • Item 20 · PDF p. 77 · 2026 FDD

      Our summary: Table 3 South Dakota 2023 — Not renewed

      “2023 1 0 0 0 0 0 1”

      Note: Item 20 state/geography-specific row; only national/systemwide Total rows are eligible for verification.

    • Item 20 · PDF p. 77 · 2026 FDD

      Our summary: Table 3 South Dakota 2023 — End

      “2023 1 0 0 0 0 0 1”

      Note: Item 20 state/geography-specific row; only national/systemwide Total rows are eligible for verification.

    • Item 20 · PDF p. 77 · 2026 FDD

      Our summary: Table 3 South Dakota 2024 — Other ceased

      “2024 1 0 0 0 0 0 1”

      Note: Item 20 state/geography-specific row; only national/systemwide Total rows are eligible for verification.

    • Item 20 · PDF p. 77 · 2026 FDD

      Our summary: Table 3 South Dakota 2024 — Start

      “2024 1 0 0 0 0 0 1”

      Note: Item 20 state/geography-specific row; only national/systemwide Total rows are eligible for verification.

    • Item 20 · PDF p. 77 · 2026 FDD

      Our summary: Table 3 South Dakota 2025 — Opened

      “2025 1 0 0 0 0 0 1”

      Note: Item 20 state/geography-specific row; only national/systemwide Total rows are eligible for verification.

    • Item 20 · PDF p. 77 · 2026 FDD

      Our summary: Table 3 South Dakota 2024 — Reacquired

      “2024 1 0 0 0 0 0 1”

      Note: Item 20 state/geography-specific row; only national/systemwide Total rows are eligible for verification.

    • Item 20 · PDF p. 78 · 2026 FDD

      Our summary: Table 3 Tennessee 2024 — Not renewed

      “2024 28 1 0 0 0 0 29”

      Note: Item 20 state/geography-specific row; only national/systemwide Total rows are eligible for verification.

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