RM
Renew Medic
Franchise research report · reviewed 2026 disclosure data
Researching Renew Medic franchise opportunities? Every figure below is cited to the FDD.
Reviewed sources
Renew Medic franchise specializes in medical spa services, offering non-invasive aesthetic treatments like laser therapy, skin rejuvenation, and wellness servic
Headline figures
Quick facts
- How much does it cost to open a Renew Medic franchise?
- The Renew Medic Franchise Disclosure Document reports separate estimated initial investments by format: $90,000 for traditional investment — $90000 (2026 FDD, Item 7, PDF p. 21); $6,676–$8,000 for traditional investment — $6676 (2026 FDD, Item 7, PDF p. 21); $135 for initial investment and assumptions — $135 (2026 FDD, Item 7, PDF p. 22); $8,000–$50,000 for initial investment and assumptions — $8000 (2026 FDD, Item 7, PDF p. 22); $1,500–$842,150 for initial investment and assumptions — $1500 (2026 FDD, Item 7, PDF p. 22); $50,000 for initial investment and assumptions — $50000 (2026 FDD, Item 7, PDF p. 22); $5,000 for initial investment and assumptions — $5000 (2026 FDD, Item 7, PDF p. 22); $75,000 for initial investment and assumptions — $75000 (2026 FDD, Item 7, PDF p. 22); $1,500–$20,000 for initial investment and assumptions — $1500 (2026 FDD, Item 7, PDF p. 22); $6,676–$20,000 for initial investment and assumptions — $6676 (2026 FDD, Item 7, PDF p. 22); $135–$20,000 for initial investment and assumptions — $135 (2026 FDD, Item 7, PDF p. 22); $8,000–$20,000 for initial investment and assumptions — $8000 (2026 FDD, Item 7, PDF p. 22); $17,500 for initial investment and assumptions — $17500 (2026 FDD, Item 7, PDF p. 23); $100,000–$250,000 for initial investment and assumptions — $100000 (2026 FDD, Item 7, PDF p. 23); $1,100 for initial investment and assumptions — $1100 (2026 FDD, Item 7, PDF p. 23); $1,500 for initial investment and assumptions — $1500 (2026 FDD, Item 7, PDF p. 23); $2,000 for initial investment and assumptions — $2000 (2026 FDD, Item 7, PDF p. 23); $10,000 for initial investment and assumptions — $10000 (2026 FDD, Item 7, PDF p. 24); $463,411 for initial investment and assumptions — $463411 (2026 FDD, Item 7, PDF p. 24); $30–$5,000 for initial investment and assumptions — $30 (2026 FDD, Item 7, PDF p. 25); $2,000–$50,000 for initial investment and assumptions — $2000 (2026 FDD, Item 7, PDF p. 22); $17,500–$75,000 for initial investment and assumptions — $17500 (2026 FDD, Item 7, PDF p. 22); $175,000 for initial investment and assumptions — $175000 (2026 FDD, Item 7, PDF p. 23); $1,100–$8,000 for traditional investment — $1100 (2026 FDD, Item 7, PDF p. 21); $100,000 for traditional investment — $100000 (2026 FDD, Item 7, PDF p. 21); $1,500–$8,000 for traditional investment — $1500 (2026 FDD, Item 7, PDF p. 21); $383,411 for initial investment and assumptions — $383411 (2026 FDD, Item 7, PDF p. 22); $1,100–$20,000 for initial investment and assumptions — $1100 (2026 FDD, Item 7, PDF p. 22); $1,500–$817,150 for initial investment and assumptions — $1500 (2026 FDD, Item 7, PDF p. 23); $6,676 for initial investment and assumptions — $6676 (2026 FDD, Item 7, PDF p. 23); $800 for initial investment and assumptions — $800 (2026 FDD, Item 7, PDF p. 25); $358,411 for initial investment and assumptions — $358411 (2026 FDD, Item 7, PDF p. 23); $8,000 for initial investment and assumptions — $8000 (2026 FDD, Item 7, PDF p. 23); $6–$5,000 for initial investment and assumptions — $6 (2026 FDD, Item 7, PDF p. 25). These formats are not combined. Each is the franchisor's disclosed estimate, not a quote. Details
- Does Renew Medic disclose financial performance (Item 19)?
- Yes. The Renew Medic FDD includes an Item 19 financial performance representation (2026 FDD, Item 19, PDF p. 46). Figures apply only to the locations and period each one covers. Details
- How many Renew Medic locations are there?
- The FDD reports 45 outlets at the end of 2025 (2026 FDD, Item 20, PDF p. 48). Existing locations do not indicate territory availability. Details
From reviewed FDD figures only. Not a recommendation or projection.
What the disclosures show
- 1The 2026 FDD (Item 7) estimates opening costs separately by format: $90,000 (Traditional investment — $90000); $6,676 – $8,000 (Traditional investment — $6676); $135 (Initial investment and assumptions — $135); $8,000 – $50,000 (Initial investment and assumptions — $8000); $1,500 – $842,150 (Initial investment and assumptions — $1500); $50,000 (Initial investment and assumptions — $50000); $5,000 (Initial investment and assumptions — $5000); $75,000 (Initial investment and assumptions — $75000); $1,500 – $20,000 (Initial investment and assumptions — $1500); $6,676 – $20,000 (Initial investment and assumptions — $6676); $135 – $20,000 (Initial investment and assumptions — $135); $8,000 – $20,000 (Initial investment and assumptions — $8000); $17,500 (Initial investment and assumptions — $17500); $100,000 – $250,000 (Initial investment and assumptions — $100000); $1,100 (Initial investment and assumptions — $1100); $1,500 (Initial investment and assumptions — $1500); $2,000 (Initial investment and assumptions — $2000); $10,000 (Initial investment and assumptions — $10000); $463,411 (Initial investment and assumptions — $463411); $30 – $5,000 (Initial investment and assumptions — $30); $2,000 – $50,000 (Initial investment and assumptions — $2000); $17,500 – $75,000 (Initial investment and assumptions — $17500); $175,000 (Initial investment and assumptions — $175000); $1,100 – $8,000 (Traditional investment — $1100); $100,000 (Traditional investment — $100000); $1,500 – $8,000 (Traditional investment — $1500); $383,411 (Initial investment and assumptions — $383411); $1,100 – $20,000 (Initial investment and assumptions — $1100); $1,500 – $817,150 (Initial investment and assumptions — $1500); $6,676 (Initial investment and assumptions — $6676); $800 (Initial investment and assumptions — $800); $358,411 (Initial investment and assumptions — $358411); $8,000 (Initial investment and assumptions — $8000); $6 – $5,000 (Initial investment and assumptions — $6); several initial fee options apply.
- 2Item 19 covers 15 separate groups: revenue for 1 Corporate locations; revenue for 1 Corporate locations; revenue and other measures for 1 Corporate territory; revenue for 1 Corporate locations; revenue for 1 Franchised locations; revenue for 1 Franchised territory; revenue for 1 Franchised locations; revenue for 1 Franchised locations; other measures for 19 Corporate L ocations locations; other measures for 10 Franchise Locations locations; other measures for 1 Franchised locations; revenue for 1 Franchised locations; revenue for 1 Corporate locations; revenue for 1 Franchised locations; revenue for 1 Franchised locations. They are not combined.
- 3Outlets grew by 16 in 2025, to 45 (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 34 single-unit formats
2026 FDD · Item 7
Formats disclosed in Item 7 (34)
Each format has its own total. The total depends on the format you choose.
- Initial investment and assumptions — $6PDF p. 25$6 – $5,000
- Initial investment and assumptions — $30PDF p. 25$30 – $5,000
- Initial investment and assumptions — $135PDF p. 22$135
- Initial investment and assumptions — $135PDF p. 22$135 – $20,000
- Initial investment and assumptions — $800PDF p. 25$800
- Initial investment and assumptions — $1100PDF p. 23$1,100
- Traditional investment — $1100PDF p. 21$1,100 – $8,000
- Initial investment and assumptions — $1100PDF p. 22$1,100 – $20,000
- Initial investment and assumptions — $1500PDF p. 22$1,500 – $842,150
- Initial investment and assumptions — $1500PDF p. 22$1,500 – $20,000
- Initial investment and assumptions — $1500PDF p. 23$1,500
- Traditional investment — $1500PDF p. 21$1,500 – $8,000
- Initial investment and assumptions — $1500PDF p. 23$1,500 – $817,150
- Initial investment and assumptions — $2000PDF p. 23$2,000
- Initial investment and assumptions — $2000PDF p. 22$2,000 – $50,000
- Initial investment and assumptions — $5000PDF p. 22$5,000
- Traditional investment — $6676PDF p. 21$6,676 – $8,000
- Initial investment and assumptions — $6676PDF p. 22$6,676 – $20,000
- Initial investment and assumptions — $6676PDF p. 23$6,676
- Initial investment and assumptions — $8000PDF p. 22$8,000 – $50,000
- Initial investment and assumptions — $8000PDF p. 22$8,000 – $20,000
- Initial investment and assumptions — $8000PDF p. 23$8,000
- Initial investment and assumptions — $10000PDF p. 24$10,000
- Initial investment and assumptions — $17500PDF p. 23$17,500
- Initial investment and assumptions — $17500PDF p. 22$17,500 – $75,000
- Initial investment and assumptions — $50000PDF p. 22$50,000
- Initial investment and assumptions — $75000PDF p. 22$75,000
- Traditional investment — $90000PDF p. 21$90,000
- Initial investment and assumptions — $100000PDF p. 23$100,000 – $250,000
- Traditional investment — $100000PDF p. 21$100,000
- Initial investment and assumptions — $175000PDF p. 23$175,000
- Initial investment and assumptions — $358411PDF p. 23$358,411
- Initial investment and assumptions — $383411PDF p. 22$383,411
- Initial investment and assumptions — $463411PDF p. 24$463,411
Ongoing Fees — Item 6
Selected recurring charges; payment bases and conditions remain attached to each fee.
69 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?
15 separate populations, shown apart. Revenue is not owner income.
Locations counted: not stated in the reviewed record
Revenue · 1 locations
- Who is counted
- Chicago - — 5 territories, converted 7/1/2024
- Excluded
- Table 1A includes locations open more than 12 months.
- Method
- Unaudited franchise sales reports/operating systems. Gross revenue billed invoices less bad debts, credits, tax and permitted restatements; pre-conversion2024 includes only Renew Medic services.
Locations counted: not stated in the reviewed record
Revenue · 1 locations
- Who is counted
- Phoenix - — 5 territories, converted 10/1/2024
- Excluded
- Table 1A includes locations open more than 12 months.
- Method
- Unaudited franchise sales reports/operating systems. Gross revenue billed invoices less bad debts, credits, tax and permitted restatements; pre-conversion2024 includes only Renew Medic services.
Locations counted: not stated in the reviewed record
Revenue and other measures · 1 locations
- Who is counted
- Corporate Locations Memphis - — 1 territories, converted 3/1/2024
- Excluded
- Table 1A includes locations open more than 12 months.
- Method
- Unaudited franchise sales reports/operating systems. Gross revenue billed invoices less bad debts, credits, tax and permitted restatements; pre-conversion2024 includes only Renew Medic services.
Locations counted: not stated in the reviewed record
Revenue · 1 locations
- Who is counted
- San Francisco* - — 5 territories, converted 10/24/2024
- Excluded
- Table 1A includes locations open more than 12 months.
- Method
- Unaudited franchise sales reports/operating systems. Gross revenue billed invoices less bad debts, credits, tax and permitted restatements; pre-conversion2024 includes only Renew Medic services. San Francisco/Sacramento shared one market before January2025 split; shared2024 revenue appears in San Francisco row.
Locations counted: not stated in the reviewed record
Revenue · 1 locations
- Who is counted
- Franchise Locations Denver - — 5 territories, converted 8/7/2024
- Excluded
- Table 1A includes locations open more than 12 months.
- Method
- Unaudited franchise sales reports/operating systems. Gross revenue billed invoices less bad debts, credits, tax and permitted restatements; pre-conversion2024 includes only Renew Medic services.
Locations counted: not stated in the reviewed record
Revenue · 1 locations
- Who is counted
- Houston - — 1 territories, converted 9/12/2024
- Excluded
- Table 1A includes locations open more than 12 months.
- Method
- Unaudited franchise sales reports/operating systems. Gross revenue billed invoices less bad debts, credits, tax and permitted restatements; pre-conversion2024 includes only Renew Medic services.
Locations counted: not stated in the reviewed record
Revenue · 1 locations
- Who is counted
- Las Vegas - — 2 territories, converted 8/8/2024
- Excluded
- Table 1A includes locations open more than 12 months.
- Method
- Unaudited franchise sales reports/operating systems. Gross revenue billed invoices less bad debts, credits, tax and permitted restatements; pre-conversion2024 includes only Renew Medic services.
Locations counted: not stated in the reviewed record
Revenue · 1 locations
- Who is counted
- Detroit - — 2 territories, converted 9/11/2024
- Excluded
- Table 1A includes locations open more than 12 months.
- Method
- Unaudited franchise sales reports/operating systems. Gross revenue billed invoices less bad debts, credits, tax and permitted restatements; pre-conversion2024 includes only Renew Medic services.
Locations counted: not stated in the reviewed record
Other measures · 19 locations
- Who is counted
- Corporate locations open more than 12 months as of December 31, 2025; cabinet restoration job and ticket data.
- Period
- Jobs
- Excluded
- Only cabinet restoration jobs won with a non-null ticket are represented; this includes estimates-only, emergency-removal-only, and completed-work jobs.
- Method
- Unaudited franchise sales reports/operating systems. Gross revenue billed invoices less bad debts, credits, tax and permitted restatements; pre-conversion2024 includes only Renew Medic services.
Locations counted: not stated in the reviewed record
Other measures · 10 locations
- Who is counted
- Franchise locations open more than 12 months as of December 31, 2025; cabinet restoration job and ticket data.
- Period
- Median ticket
- Excluded
- Only cabinet restoration jobs won with a non-null ticket are represented; this includes estimates-only, emergency-removal-only, and completed-work jobs.
- Method
- Unaudited franchise sales reports/operating systems. Gross revenue billed invoices less bad debts, credits, tax and permitted restatements; pre-conversion2024 includes only Renew Medic services.
Locations counted: not stated in the reviewed record
Other measures · 1 locations
- Who is counted
- Denver franchisee, five territories
- Period
- Contractors/Production Labor
- Excluded
- Table 3's reported EBITDA excludes owners' compensation.
- Method
- Franchisee-prepared unaudited2025 P&L. Other franchises lack reliable full-year P&Ls; company expense models differ.
Locations counted: not stated in the reviewed record
Revenue · 1 locations
- Who is counted
- Atlanta, 5 territories, opened July 2025
- Excluded
- Table 1B reports 2025 revenue for franchise locations opened after January 1, 2025.
- Method
- Unaudited franchise sales reports/operating systems. Gross revenue billed invoices less bad debts, credits, tax and permitted restatements; pre-conversion2024 includes only Renew Medic services.
Locations counted: not stated in the reviewed record
Revenue · 1 locations
- Who is counted
- Sacramento* - — 3 territories, converted 10/24/2024
- Excluded
- Table 1A includes locations open more than 12 months.
- Method
- Unaudited franchise sales reports/operating systems. Gross revenue billed invoices less bad debts, credits, tax and permitted restatements; pre-conversion2024 includes only Renew Medic services. San Francisco/Sacramento shared one market before January2025 split; shared2024 revenue appears in San Francisco row.
Locations counted: not stated in the reviewed record
Revenue · 1 locations
- Who is counted
- Nashville, 2 territories, opened December 2025
- Excluded
- Table 1B reports 2025 revenue for franchise locations opened after January 1, 2025.
- Method
- Unaudited franchise sales reports/operating systems. Gross revenue billed invoices less bad debts, credits, tax and permitted restatements; pre-conversion2024 includes only Renew Medic services.
Locations counted: not stated in the reviewed record
Revenue · 1 locations
- Who is counted
- Charlotte, 2 territories, opened May 2025
- Excluded
- Table 1B reports 2025 revenue for franchise locations opened after January 1, 2025.
- Method
- Unaudited franchise sales reports/operating systems. Gross revenue billed invoices less bad debts, credits, tax and permitted restatements; pre-conversion2024 includes only Renew Medic services.
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 of each year.
2026 FDD · Item 20 · PDF p. 48
Net +16 outlets, 2024–2025
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 ($6 – $842,150) 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 29 to 45 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]Item 19 — Locations counted not stated in the reviewed record — Chicago - — 5 territories, converted 7/1/2024 · PDF p. 46
- [2]Item 19 — Locations counted not stated in the reviewed record — Phoenix - — 5 territories, converted 10/1/2024 · PDF p. 46
- [3]Item 19 — Locations counted not stated in the reviewed record — Corporate Locations Memphis - — 1 territories, converted 3/1/2024 · PDF p. 46; PDF p. 21
- [4]Item 19 — Locations counted not stated in the reviewed record — San Francisco* - — 5 territories, converted 10/24/2024 · PDF p. 46
- [5]Item 19 — Locations counted not stated in the reviewed record — Franchise Locations Denver - — 5 territories, converted 8/7/2024 · PDF p. 46
- [6]Item 19 — Locations counted not stated in the reviewed record — Houston - — 1 territories, converted 9/12/2024 · PDF p. 46
- [7]Item 19 — Locations counted not stated in the reviewed record — Las Vegas - — 2 territories, converted 8/8/2024 · PDF p. 46
- [8]Item 19 — Locations counted not stated in the reviewed record — Detroit - — 2 territories, converted 9/11/2024 · PDF p. 46
- [9]Item 19 — Locations counted not stated in the reviewed record — Corporate locations open more than 12 months as of December 31, 2025; cabinet r… · PDF p. 46
- [10]Item 19 — Locations counted not stated in the reviewed record — Franchise locations open more than 12 months as of December 31, 2025; cabinet r… · PDF p. 46
- [11]Item 19 — Locations counted not stated in the reviewed record — Denver franchisee, five territories · PDF p. 47
- [12]Item 19 — Locations counted not stated in the reviewed record — Atlanta, 5 territories, opened July 2025 · PDF p. 46
- [13]Item 19 — Locations counted not stated in the reviewed record — Sacramento* - — 3 territories, converted 10/24/2024 · PDF p. 46
- [14]Item 19 — Locations counted not stated in the reviewed record — Nashville, 2 territories, opened December 2025 · PDF p. 46
- [15]Item 19 — Locations counted not stated in the reviewed record — Charlotte, 2 territories, opened May 2025 · PDF p. 46
- [16]Outlet counts — Item 20, Table 1 · PDF p. 48
"PDF p." is the page in the PDF file; "printed p." is the number printed on the FDD page. Source document: FDD
Territory & operations
10 addresses in Franopolis's imported location list. Coverage may differ from Item 20 outlet counts.
These are contract disclosures, not confirmation that any territory is currently available.
Legal & agreement
Franchisor financial statements
| Fiscal year | Measure | Reported value |
|---|---|---|
| 2025 | total current assets | $4,647,201 |
| 2025 | deferred tax assets | $126,091 |
| 2025 | notes receivable | $22,521 |
| 2025 | total assets | $30,780,226 |
| 2025 | liabilities and members' equity current liabilities accounts payable | $956,170 |
| 2025 | deferred revenueMore than one value recorded for this year — open the FDD source before comparing | $1,565,696 |
| 2025 | current portion of notes payable | $778,571 |
| 2025 | line of credit | $500,000 |
| 2025 | current portion of operating lease liabilities | $647,737 |
| 2025 | total current liabilities | $6,197,356 |
| 2025 | convertible notes payable, net of current portion | $1,290,863 |
| 2025 | operating lease liabilities, net of current portion | $1,471,714 |
| 2025 | total liabilities | $14,947,744 |
| 2025 | members' equity | $15,832,482 |
| 2025 | total liabilities and members' equity | $30,780,226 |
| 2025 | subcontractor costs | $511,338 |
| 2025 | salaries and wages | $5,433,866 |
| 2025 | depreciation and amortization | $2,835,440 |
| 2025 | company owned locations operating costs | $5,987,887 |
| 2025 | other expense | $1,047,695 |
| 2025 | other income | -$117,304 |
| 2025 | loss before income taxes | -$5,662,946 |
| 2025 | income tax benefit | $27,468 |
| 2025 | other comprehensive income unrealized foreign currency translation gain | $114,057 |
| 2025 | comprehensive loss | -$5,521,421 |
| 2025 | adjustments to reconcile net loss to net cash used in operating activities depreciation and amortization | $2,835,440 |
| 2025 | contract costs | -$1,084,517 |
| 2025 | provision for credit losses | $190,453 |
| 2025 | share-based compensation | $108,460 |
| 2025 | provision for deferred taxes | -$31,521 |
| 2025 | paid-in-kind interest | $198,527 |
| 2025 | non-cash operating lease expense | $716,906 |
| 2025 | changes in assets and liabilities accounts receivable | -$117,253 |
| 2025 | prepaid expenses and other current assets | $22,399 |
| 2025 | accounts payable | -$232,131 |
| 2025 | deferred revenueMore than one value recorded for this year — open the FDD source before comparing | $1,081,228 |
| 2025 | net cash used in operating activities | -$2,662,347 |
| 2025 | payments received on notes receivable | $126,719 |
| 2025 | borrowings on convertible notes payable | $2,500,000 |
| 2025 | payments on notes payable | -$864,286 |
| 2025 | net cash provided by financing activities | $2,135,714 |
| 2025 | net decrease in cash | -$466,584 |
| 2025 | effect of foreign currency exchange rate changes | $18,149 |
| 2025 | cash, beginning of period | $1,736,027 |
| 2025 | other receivables | $197,477 |
| 2025 | purchases of property and equipment | -$66,670 |
| 2025 | members' contributions | $500,000 |
| 2025 | cash, end of period | $1,287,592 |
| 2025 | operating activities net loss | -$5,635,478 |
| 2025 | deferred financing costs amortization | $63,957 |
| 2025 | notes payable, net of current portion and deferred financing fees | $5,987,811 |
| 2025 | net revenues | $15,950,701 |
| 2025 | general and administrative | $5,914,725 |
| 2025 | current portion of convertible notes payable | $1,326,799 |
| 2025 | loss from operations | -$4,732,555 |
| 2025 | net loss | -$5,635,478 |
| 2025 | accrued expenses and other payablesMore than one value recorded for this year — open the FDD source before comparing | -$314,069 |
| 2025 | operating lease liabilities | -$662,225 |
| 2025 | net cash provided | $60,049 |
| 2025 | accrued expenses and other payablesMore than one value recorded for this year — open the FDD source before comparing | $422,383 |
| 2024 | deferred tax assetsMore than one value recorded for this year — open the FDD source before comparing | $94,570 |
| 2024 | notes receivableMore than one value recorded for this year — open the FDD source before comparing | $149,239 |
| 2024 | liabilities and members' equity current liabilities accounts payableMore than one value recorded for this year — open the FDD source before comparing | $1,188,298 |
| 2024 | accrued expenses and other payablesMore than one value recorded for this year — open the FDD source before comparing | $736,452 |
| 2024 | current portion of notes payableMore than one value recorded for this year — open the FDD source before comparing | $821,429 |
| 2024 | current portion of operating lease liabilitiesMore than one value recorded for this year — open the FDD source before comparing | $493,454 |
| 2024 | total current liabilitiesMore than one value recorded for this year — open the FDD source before comparing | $4,224,101 |
| 2024 | notes payable, net of current portion and deferred financing feesMore than one value recorded for this year — open the FDD source before comparing | $6,664,418 |
| 2024 | operating lease liabilities, net of current portion | $1,086,655 |
| 2024 | members' equityMore than one value recorded for this year — open the FDD source before comparing | $20,745,443 |
| 2024 | net revenuesMore than one value recorded for this year — open the FDD source before comparing | $9,237,267 |
| 2024 | salaries and wagesMore than one value recorded for this year — open the FDD source before comparing | $4,172,708 |
| 2024 | depreciation and amortizationMore than one value recorded for this year — open the FDD source before comparing | $2,361,412 |
| 2024 | general and administrativeMore than one value recorded for this year — open the FDD source before comparing | $4,707,220 |
| 2024 | company owned locations operating costsMore than one value recorded for this year — open the FDD source before comparing | $2,118,173 |
| 2024 | transaction costsMore than one value recorded for this year — open the FDD source before comparing | $467,000 |
| 2024 | loss from operationsMore than one value recorded for this year — open the FDD source before comparing | -$5,797,722 |
| 2024 | loss before income taxesMore than one value recorded for this year — open the FDD source before comparing | -$6,121,243 |
| 2024 | income tax benefit | $137,167 |
| 2024 | net lossMore than one value recorded for this year — open the FDD source before comparing | -$5,984,076 |
| 2024 | comprehensive lossMore than one value recorded for this year — open the FDD source before comparing | -$6,183,196 |
| 2024 | share-based compensationMore than one value recorded for this year — open the FDD source before comparing | $96,094 |
| 2024 | provision for deferred taxes | -$94,570 |
| 2024 | deferred financing costs amortizationMore than one value recorded for this year — open the FDD source before comparing | $22,347 |
| 2024 | paid-in-kind interestMore than one value recorded for this year — open the FDD source before comparing | $30,232 |
| 2024 | changes in assets and liabilities accounts receivableMore than one value recorded for this year — open the FDD source before comparing | $156,840 |
| 2024 | prepaid expenses and other current assetsMore than one value recorded for this year — open the FDD source before comparing | -$125,439 |
| 2024 | accounts payableMore than one value recorded for this year — open the FDD source before comparing | $336,952 |
| 2024 | accrued expenses and other payablesMore than one value recorded for this year — open the FDD source before comparing | -$19,372 |
| 2024 | deferred revenueMore than one value recorded for this year — open the FDD source before comparing | $51,577 |
| 2024 | operating lease liabilities | -$406,968 |
| 2024 | net cash used in operating activitiesMore than one value recorded for this year — open the FDD source before comparing | -$2,787,241 |
| 2024 | investing activities acquisitionsMore than one value recorded for this year — open the FDD source before comparing | -$3,098,429 |
| 2024 | purchases of property and equipmentMore than one value recorded for this year — open the FDD source before comparing | -$470,883 |
| 2024 | capitalized software development costsMore than one value recorded for this year — open the FDD source before comparing | -$24,225 |
| 2024 | payments received on notes receivableMore than one value recorded for this year — open the FDD source before comparing | $119,485 |
| 2024 | net cash provided | -$3,474,052 |
| 2024 | proceeds on revolving line of credit, netMore than one value recorded for this year — open the FDD source before comparing | $500,000 |
| 2024 | financing costsMore than one value recorded for this year — open the FDD source before comparing | -$316,732 |
| 2024 | members' contributionsMore than one value recorded for this year — open the FDD source before comparing | $750,000 |
| 2024 | net cash provided by financing activitiesMore than one value recorded for this year — open the FDD source before comparing | $6,183,268 |
| 2024 | effect of foreign currency exchange rate changesMore than one value recorded for this year — open the FDD source before comparing | -$47,810 |
| 2024 | cash, end of periodMore than one value recorded for this year — open the FDD source before comparing | $1,736,027 |
| 2024 | accounts receivable, net | $1,744,530 |
| 2024 | other receivables | $485,856 |
| 2024 | property and equipment, net | $1,105,077 |
| 2024 | right-of-use asset - operating | $1,556,153 |
| 2024 | goodwill, net | $13,591,343 |
| 2024 | intangible assets, net | $11,920,040 |
| 2024 | deferred tax assetsMore than one value recorded for this year — open the FDD source before comparing | $94,570 |
| 2024 | notes receivableMore than one value recorded for this year — open the FDD source before comparing | $149,239 |
| 2024 | liabilities and members' equity current liabilities accounts payableMore than one value recorded for this year — open the FDD source before comparing | $1,188,298 |
| 2024 | accrued expenses and other payablesMore than one value recorded for this year — open the FDD source before comparing | $736,452 |
| 2024 | deferred revenueMore than one value recorded for this year — open the FDD source before comparing | $484,468 |
| 2024 | current portion of notes payableMore than one value recorded for this year — open the FDD source before comparing | $821,429 |
| 2024 | line of creditMore than one value recorded for this year — open the FDD source before comparing | $500,000 |
| 2024 | notes payable, net of current portion and deferred financing feesMore than one value recorded for this year — open the FDD source before comparing | $6,664,418 |
| 2024 | noncurrent portion of operating leases | $1,086,655 |
| 2024 | total liabilitiesMore than one value recorded for this year — open the FDD source before comparing | $11,975,174 |
| 2024 | total liabilities and members' equityMore than one value recorded for this year — open the FDD source before comparing | $32,720,617 |
| 2024 | net revenuesMore than one value recorded for this year — open the FDD source before comparing | $9,237,267 |
| 2024 | general and administrativeMore than one value recorded for this year — open the FDD source before comparing | $4,707,220 |
| 2024 | company owned locations operating costsMore than one value recorded for this year — open the FDD source before comparing | $2,118,173 |
| 2024 | loss from operationsMore than one value recorded for this year — open the FDD source before comparing | -$5,797,722 |
| 2024 | other expense interest expense | $347,731 |
| 2024 | loss before income taxesMore than one value recorded for this year — open the FDD source before comparing | -$6,121,231 |
| 2024 | income tax provision | $137,167 |
| 2024 | net lossMore than one value recorded for this year — open the FDD source before comparing | -$5,984,064 |
| 2024 | other comprehensive income unrealized foreign currency translation gainMore than one value recorded for this year — open the FDD source before comparing | -$199,120 |
| 2024 | comprehensive lossMore than one value recorded for this year — open the FDD source before comparing | -$6,183,184 |
| 2024 | operating activities net lossMore than one value recorded for this year — open the FDD source before comparing | -$5,984,064 |
| 2024 | adjustments to reconcile net loss to net cash used in operating activities depreciation and amortizationMore than one value recorded for this year — open the FDD source before comparing | $2,361,412 |
| 2024 | provision for credit lossesMore than one value recorded for this year — open the FDD source before comparing | $356,794 |
| 2024 | deferred financing costs amortizationMore than one value recorded for this year — open the FDD source before comparing | $22,347 |
| 2024 | paid-in-kind interestMore than one value recorded for this year — open the FDD source before comparing | $30,232 |
| 2024 | non-cash operating lease expenseMore than one value recorded for this year — open the FDD source before comparing | $430,924 |
| 2024 | prepaid expenses and other current assetsMore than one value recorded for this year — open the FDD source before comparing | -$125,439 |
| 2024 | deferred tax assetsMore than one value recorded for this year — open the FDD source before comparing | -$94,570 |
| 2024 | accounts payableMore than one value recorded for this year — open the FDD source before comparing | $336,952 |
| 2024 | accrued expenses and other payablesMore than one value recorded for this year — open the FDD source before comparing | -$19,372 |
| 2024 | net cash used in operating activitiesMore than one value recorded for this year — open the FDD source before comparing | -$2,787,241 |
| 2024 | investing activities acquisitionsMore than one value recorded for this year — open the FDD source before comparing | -$3,098,429 |
| 2024 | purchases of property and equipmentMore than one value recorded for this year — open the FDD source before comparing | -$470,883 |
| 2024 | capitalized software development costsMore than one value recorded for this year — open the FDD source before comparing | -$24,225 |
| 2024 | payments received on notes receivableMore than one value recorded for this year — open the FDD source before comparing | $119,485 |
| 2024 | net cash used in investing activities | -$3,474,052 |
| 2024 | financing activities borrowings on notes payableMore than one value recorded for this year — open the FDD source before comparing | $5,250,000 |
| 2024 | proceeds on revolving line of credit, netMore than one value recorded for this year — open the FDD source before comparing | $500,000 |
| 2024 | net cash provided by financing activitiesMore than one value recorded for this year — open the FDD source before comparing | $6,183,268 |
| 2024 | net increase in cash | -$78,025 |
| 2024 | effect of foreign currency exchange rate changesMore than one value recorded for this year — open the FDD source before comparing | -$47,810 |
| 2024 | cash, beginning of periodMore than one value recorded for this year — open the FDD source before comparing | $1,861,862 |
| 2024 | cash, end of periodMore than one value recorded for this year — open the FDD source before comparing | $1,736,027 |
| 2024 | share-based compensationMore than one value recorded for this year — open the FDD source before comparing | $96,094 |
| 2024 | deferred revenueMore than one value recorded for this year — open the FDD source before comparing | $51,577 |
| 2024 | financing costsMore than one value recorded for this year — open the FDD source before comparing | -$316,732 |
| 2024 | members' contributionsMore than one value recorded for this year — open the FDD source before comparing | $750,000 |
| 2024 | prepaid expenses and other current assetsMore than one value recorded for this year — open the FDD source before comparing | $337,782 |
| 2024 | total current assetsMore than one value recorded for this year — open the FDD source before comparing | $4,304,195 |
| 2024 | total assetsMore than one value recorded for this year — open the FDD source before comparing | $32,720,617 |
| 2024 | current portion of operating lease liabilitiesMore than one value recorded for this year — open the FDD source before comparing | $493,454 |
| 2024 | members' equityMore than one value recorded for this year — open the FDD source before comparing | $20,745,443 |
| 2024 | subcontractor costsMore than one value recorded for this year — open the FDD source before comparing | $1,208,476 |
| 2024 | salaries and wagesMore than one value recorded for this year — open the FDD source before comparing | $4,172,708 |
| 2024 | depreciation and amortizationMore than one value recorded for this year — open the FDD source before comparing | $2,361,412 |
| 2024 | transaction costsMore than one value recorded for this year — open the FDD source before comparing | $467,000 |
| 2024 | other | -$24,222 |
| 2024 | changes in assets and liabilities accounts receivableMore than one value recorded for this year — open the FDD source before comparing | $156,840 |
| 2024 | lease liabilities | -$406,968 |
| 2024 | total liabilitiesMore than one value recorded for this year — open the FDD source before comparing | $11,975,174 |
| 2024 | other expense | $347,731 |
| 2024 | assets current assets cash | $1,736,027 |
| 2024 | line of creditMore than one value recorded for this year — open the FDD source before comparing | $500,000 |
| 2024 | total liabilities and members' equityMore than one value recorded for this year — open the FDD source before comparing | $32,720,617 |
| 2024 | subcontractor costsMore than one value recorded for this year — open the FDD source before comparing | $1,208,476 |
| 2024 | other income | -$24,210 |
| 2024 | total current liabilitiesMore than one value recorded for this year — open the FDD source before comparing | $4,224,101 |
| 2024 | total current assetsMore than one value recorded for this year — open the FDD source before comparing | $4,304,195 |
| 2024 | other comprehensive income unrealized foreign currency translation gainMore than one value recorded for this year — open the FDD source before comparing | -$199,120 |
| 2024 | operating activities net lossMore than one value recorded for this year — open the FDD source before comparing | -$5,984,064 |
| 2024 | adjustments to reconcile net loss to net cash used in operating activities depreciation and amortizationMore than one value recorded for this year — open the FDD source before comparing | $2,361,412 |
| 2024 | provision for credit lossesMore than one value recorded for this year — open the FDD source before comparing | $356,794 |
| 2024 | non-cash operating lease expenseMore than one value recorded for this year — open the FDD source before comparing | $430,924 |
| 2024 | financing activities borrowings on notes payableMore than one value recorded for this year — open the FDD source before comparing | $5,250,000 |
| 2024 | net decrease in cash | -$78,025 |
| 2024 | cash, beginning of periodMore than one value recorded for this year — open the FDD source before comparing | $1,861,862 |
| 2024 | total assetsMore than one value recorded for this year — open the FDD source before comparing | $32,720,617 |
| 2024 | deferred revenueMore than one value recorded for this year — open the FDD source before comparing | $484,468 |
| 2023 | accounts receivable, net | $1,617,560 |
| 2023 | total current assets | $3,669,594 |
| 2023 | property and equipment, net | $42,500 |
| 2023 | notes receivable | $268,724 |
| 2023 | total assets | $27,273,869 |
| 2023 | liabilities and members' equity current liabilities accounts payable | $732,638 |
| 2023 | total current liabilities | $1,191,336 |
| 2023 | total liabilities | $1,191,336 |
| 2023 | members' equity | $26,082,533 |
| 2023 | total liabilities and members' equity | $27,273,869 |
| 2023 | net revenues | $6,168,933 |
| 2023 | subcontractor costs | $1,614,785 |
| 2023 | salaries and wages | $2,161,298 |
| 2023 | depreciation and amortization | $1,615,291 |
| 2023 | general and administrative | $2,611,604 |
| 2023 | transaction costs | $1,293,018 |
| 2023 | loss from operations | -$3,127,063 |
| 2023 | other | -$3,900 |
| 2023 | net loss | -$3,176,320 |
| 2023 | comprehensive loss | -$3,168,632 |
| 2023 | operating activities net loss | -$3,176,320 |
| 2023 | adjustments to reconcile net loss to net cash used in operating activities depreciation and amortization | $1,615,291 |
| 2023 | share-based compensation | $51,165 |
| 2023 | changes in assets and liabilities accounts receivable | -$973,448 |
| 2023 | prepaid expenses and other current assetsMore than one value recorded for this year — open the FDD source before comparing | -$190,170 |
| 2023 | accrued expenses and other payablesMore than one value recorded for this year — open the FDD source before comparing | $402,500 |
| 2023 | net cash used in operating activities | -$1,815,740 |
| 2023 | payments received on notes receivable | $116,016 |
| 2023 | members' contributions | $29,200,000 |
| 2023 | net cash provided by financing activities | $29,200,000 |
| 2023 | effect of foreign currency exchange rate changes | $7,688 |
| 2023 | provision for credit losses | $4,167 |
| 2023 | assets current assets cash | $1,861,862 |
| 2023 | investing activities acquisitions | -$25,646,102 |
| 2023 | net increase in cash | $1,854,174 |
| 2023 | cash, end of period | $1,861,862 |
| 2023 | goodwill, net | $10,258,260 |
| 2023 | loss before income taxes | -$3,130,963 |
| 2023 | income tax provision | -$45,357 |
| 2023 | accounts payable | $451,075 |
| 2023 | net cash used in investing activities | -$25,530,086 |
| 2023 | other comprehensive income unrealized foreign currency translation gain | $7,688 |
| 2023 | prepaid expenses and other current assetsMore than one value recorded for this year — open the FDD source before comparing | $190,172 |
| 2023 | intangible assets, net | $13,034,791 |
| 2023 | accrued expenses and other payablesMore than one value recorded for this year — open the FDD source before comparing | $458,698 |
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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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. 46 · 2026 FDD
Our summary: Phoenix - 2024 revenue
“ Phoenix - 5 Territories 10/1/2024 $ 2,673,005 $3,061,449 - 13%”
Note: The revenue is visible on PDF page 46, but the cited Phoenix entry identifies five territories and does not verify the metadata's sample_size of one whole location.
Independent analysis of franchisor-provided data. Not investment advice. Franopolis does not distribute FDDs.