Franopolis
    RM

    Roosters Mgc International

    Franchise research report · reviewed 2026 disclosure data

    Researching Roosters Mgc International franchise opportunities? Every figure below is cited to the FDD.

    Reviewed sources

    Roosters MGC International franchises Roosters Men’s Grooming Center, a barbershop and salon concept offering haircuts and other personal grooming services, primarily to men. Its customers are people seeking barbershop-style hair and grooming services.

    Headline figures

    Quick facts

    How much does it cost to open a Roosters Mgc International franchise?
    The Roosters Mgc International Franchise Disclosure Document reports separate estimated initial investments by format: $265,690 for single shop total initial investment (2026 FDD, Item 7, PDF p. 30); $295,690 for three-shop total investment (2026 FDD, Item 7, PDF p. 31). These formats are not combined. Each is the franchisor's disclosed estimate, not a quote. Details
    What is the Roosters Mgc International initial franchise fee?
    The disclosed initial franchise fee for a standard single unit is $7,500 (2026 FDD, Item 5, PDF p. 23). Other fee options (for example multi-unit or conversion) are listed separately in the report. Details
    What ongoing fees does Roosters Mgc International charge?
    The disclosed ongoing royalty is $4 (2026 FDD, Item 6, PDF p. 24). The brand or advertising fund contribution is $1 (2026 FDD, Item 6, PDF p. 27). Other recurring fees are listed in Item 6. Details
    Does Roosters Mgc International disclose financial performance (Item 19)?
    Yes. The Roosters Mgc International FDD includes an Item 19 financial performance representation (2026 FDD, Item 19, PDF p. 63). Figures apply only to the locations and period each one covers. Details
    How many Roosters Mgc International locations are there?
    The FDD reports 70 outlets at the end of 2025 (2026 FDD, Item 20, PDF p. 64). 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: $265,690 (Single shop total initial investment); $295,690 (Three-shop total investment); several initial fee options apply.
    2. 2Item 19 covers 4 separate groups: other measures for 22 Franchised locations; other measures for 23 Franchised locations; other measures for 22 Franchised locations; other measures for 67 Franchised locations. They are not combined.
    3. 3Outlets declined by 7 in 2025, to 70 (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 2 single-unit formats

    2026 FDD · Item 7

    Formats disclosed in Item 7 (2)

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

    • Single shop total initial investmentPDF p. 30$265,690
    • Three-shop total investmentPDF p. 31$295,690

    Standard single-unit franchise fee

    2026 FDD · Item 5 · PDF p. 23
    Discounted and multi-unit options are separate; see all fees.

    Ongoing Fees — Item 6

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

    Royalty — first yearMain ongoing fee

    52 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 · 22 locations

    Who is counted
    Mid tier; Roosters salons reporting sales in each of 12 months
    Period
    median gross sales
    Excluded
    2 of 69 franchised outlets lacked sales in every month; expenses excluded from gross sales.
    Method
    Gross sales include service/product revenues less refunded returns and exclude taxes; TOTALS average marked average of numbers above, retained as stated.

    Locations counted: not stated in the reviewed record

    Other measures · 23 locations

    Who is counted
    Bottom tier; Roosters salons reporting sales in each of 12 months
    Period
    salon count
    Excluded
    2 of 69 franchised outlets lacked sales in every month; expenses excluded from gross sales.
    Method
    Gross sales include service/product revenues less refunded returns and exclude taxes; TOTALS average marked average of numbers above, retained as stated.

    Locations counted: not stated in the reviewed record

    Other measures · 22 locations

    Who is counted
    Top tier; Roosters salons reporting sales in each of 12 months
    Period
    salon count
    Excluded
    2 of 69 franchised outlets lacked sales in every month; expenses excluded from gross sales.
    Method
    Gross sales include service/product revenues less refunded returns and exclude taxes; TOTALS average marked average of numbers above, retained as stated.

    Locations counted: not stated in the reviewed record

    Other measures · 67 locations

    Who is counted
    TOTALS tier; Roosters salons reporting sales in each of 12 months
    Period
    average gross sales
    Excluded
    2 of 69 franchised outlets lacked sales in every month; expenses excluded from gross sales.
    Method
    Gross sales include service/product revenues less refunded returns and exclude taxes; TOTALS average marked average of numbers above, retained as stated.

    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 2025-06-30 of each year.

    2026 FDD · Item 20 · PDF p. 64

    Net −12 outlets, 2023–2025

    0822023772024702025−5−7

    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 ($265,690 – $295,690) 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 77 to 70 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]Standard initial franchise fee — Item 5 · PDF p. 23
    2. [2]Item 19 — Locations counted not stated in the reviewed record — Mid tier; Roosters salons reporting sales in each of 12 months · PDF p. 63
    3. [3]Item 19 — Locations counted not stated in the reviewed record — Bottom tier; Roosters salons reporting sales in each of 12 months · PDF p. 63
    4. [4]Item 19 — Locations counted not stated in the reviewed record — Top tier; Roosters salons reporting sales in each of 12 months · PDF p. 63
    5. [5]Item 19 — Locations counted not stated in the reviewed record — TOTALS tier; Roosters salons reporting sales in each of 12 months · PDF p. 63
    6. [6]Outlet counts — Item 20, Table 1 · PDF p. 64

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

    Territory & operations

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

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

    Legal & agreement

    Franchisor financial statements

    Fiscal yearMeasureReported value
    2025net investing cash flow-$11,453
    2025receivables, net$9,473
    2025inventory$2,798
    2025other current assetsMore than one value recorded for this year — open the FDD source before comparing$21,254
    2025property and equipment, net$10,085
    2025other intangibles, net$5,830
    2025right of use asset$229,861
    2025deferred tax asset$102,504
    2025other assetsMore than one value recorded for this year — open the FDD source before comparing$16,757
    2025accrued expensesMore than one value recorded for this year — open the FDD source before comparing$19,066
    2025short - term lease liability$60,685
    2025total current liabilities$101,688
    2025additional paid - in capital$75,243
    2025long - term lease liability$179,280
    2025other non - current liabilitiesMore than one value recorded for this year — open the FDD source before comparing$22,680
    2025total liabilities$413,341
    2025common stock$122
    2025retained earnings$101,965
    2025total shareholders' equity$185,616
    2025total liabilities and shareholders' equity$598,957
    2025royalties$58,163
    2025fees$9,717
    2025advertising fund contributions$21,924
    2025company - owned salon revenue$43,731
    2025total revenue$210,134
    2025general and administrative$46,764
    2025other comprehensive loss-$298
    2025advertising fund expense$21,924
    2025depreciation and amortizationMore than one value recorded for this year — open the FDD source before comparing$2,966
    2025long - lived asset impairmentMore than one value recorded for this year — open the FDD source before comparing$352
    2025operating income$19,939
    2025interest expense-$20,252
    2025other, net$1,849
    2025income tax benefit$115,496
    2025incomeMore than one value recorded for this year — open the FDD source before comparing$117,032
    2025net incomeMore than one value recorded for this year — open the FDD source before comparing$123,536
    2025net incomeMore than one value recorded for this year — open the FDD source before comparing$123,536
    2025net current period foreign currency translation adjustments-$177
    2025recognition of deferred compensation-$121
    2025net incomeMore than one value recorded for this year — open the FDD source before comparing$123,536
    2025depreciation and amortizationMore than one value recorded for this year — open the FDD source before comparing$2,876
    2025inventories$871
    2025long - lived asset impairmentMore than one value recorded for this year — open the FDD source before comparing$352
    2025deferred income taxes-$113,891
    2025non - cash interest$5,299
    2025stock - based compensation$1,940
    2025amortization of debt discount and financing costs$3,418
    2025other non - cash items affecting earnings-$202
    2025receivables-$37
    2025income tax receivable-$137
    2025other current assetsMore than one value recorded for this year — open the FDD source before comparing$402
    2025other assetsMore than one value recorded for this year — open the FDD source before comparing$4,402
    2025ad fund$8,363
    2025accounts payableMore than one value recorded for this year — open the FDD source before comparing-$504
    2025accrued expensesMore than one value recorded for this year — open the FDD source before comparing-$5,289
    2025net lease liabilities-$2,073
    2025capital expenditures-$1,295
    2025business acquisitions, net of cash acquired and certain obligations assumed-$18,621
    2025proceeds from issuance of long - term debt$15,000
    2025repayments of long - term debt-$1,125
    2025borrowings on revolving credit facility$4,326
    2025debt refinancing fees-$1,003
    2025taxes paid for shares withheld-$75
    2025effect of exchange rate changes on cash and cash equivalents$13
    2025increase$5,893
    2025beginning of year$29,312
    2025net operating cash flow$13,744
    2025repayments of revolving credit facility-$13,534
    2025comprehensive income$123,238
    2025cash and cash equivalents$16,959
    2025long - term debt, net$109,693
    2025end of year$35,205
    2025income from discontinued operations, net of income taxes$6,504
    2025net financing cash flow$3,589
    2025long - term debt, current portion$1,100
    2025total current assets$50,484
    2025company - owned salon expense$31,103
    2025goodwill$183,436
    2025total assets$598,957
    2025franchise rent expense$76,599
    2025accounts payableMore than one value recorded for this year — open the FDD source before comparing$20,837
    2025incomeMore than one value recorded for this year — open the FDD source before comparing$1,536
    2025gain from sale of osp-$8,396
    2025franchise rental income$76,599
    2025accumulated other comprehensive income$8,286
    2025rent$10,487
    2025total operating expenses$190,195
    2025other non - current liabilitiesMore than one value recorded for this year — open the FDD source before comparing-$7,186
    2025net proceeds from sale of osp$8,463
    2024net operating cash flow-$2,040
    2024net investing cash flow$1,624
    2024cash and cash equivalents$10,066
    2024receivables, net$9,434
    2024inventory$818
    2024other current assetsMore than one value recorded for this year — open the FDD source before comparing$21,732
    2024total current assets$42,050
    2024goodwill$173,146
    2024other intangibles, net$2,427
    2024right of use asset$287,912
    2024other assetsMore than one value recorded for this year — open the FDD source before comparing$21,297
    2024total assets$530,496
    2024accounts payableMore than one value recorded for this year — open the FDD source before comparing$12,747
    2024accrued expensesMore than one value recorded for this year — open the FDD source before comparing$21,644
    2024total current liabilities$103,518
    2024other non - current liabilitiesMore than one value recorded for this year — open the FDD source before comparing$40,039
    2024total liabilities$473,709
    2024common stock$114
    2024accumulated other comprehensive income$8,584
    2024retained earnings-$21,571
    2024total shareholders' equity$56,787
    2024total liabilities and shareholders' equity$530,496
    2024royalties$64,098
    2024fees$10,189
    2024advertising fund contributions$25,663
    2024franchise rental income$95,258
    2024total revenue$202,982
    2024general and administrative$45,387
    2024rent$5,525
    2024advertising fund expense$25,663
    2024franchise rent expense$95,258
    2024company - owned salon expense$5,080
    2024depreciation and amortizationMore than one value recorded for this year — open the FDD source before comparing$3,945
    2024operating income$20,890
    2024interest expense-$25,393
    2024other comprehensive loss-$439
    2024incomeMore than one value recorded for this year — open the FDD source before comparing$89,936
    2024incomeMore than one value recorded for this year — open the FDD source before comparing$89,067
    2024income from discontinued operations, net of income taxes$1,993
    2024net incomeMore than one value recorded for this year — open the FDD source before comparing$91,060
    2024net incomeMore than one value recorded for this year — open the FDD source before comparing$91,060
    2024net current period foreign currency translation adjustments-$321
    2024net incomeMore than one value recorded for this year — open the FDD source before comparing$91,060
    2024gain from sale of osp-$2,000
    2024long - lived asset impairmentMore than one value recorded for this year — open the FDD source before comparing$798
    2024deferred income taxes$519
    2024non - cash interest$3,418
    2024stock - based compensation$1,558
    2024amortization of debt discount and financing costs$2,987
    2024other non - cash items affecting earnings$432
    2024receivables$848
    2024other current assetsMore than one value recorded for this year — open the FDD source before comparing-$466
    2024other assetsMore than one value recorded for this year — open the FDD source before comparing$5,829
    2024ad fund-$2,435
    2024accrued expensesMore than one value recorded for this year — open the FDD source before comparing-$4,812
    2024net lease liabilities-$1,942
    2024other non - current liabilitiesMore than one value recorded for this year — open the FDD source before comparing-$9,538
    2024capital expenditures-$376
    2024proceeds from issuance of long - term debt$105,000
    2024repayments of long - term debt-$96,499
    2024borrowings on revolving credit facility$14,238
    2024debt refinancing fees-$14,360
    2024taxes paid for shares withheld-$16
    2024effect of exchange rate changes on cash and cash equivalents-$31
    2024increase$7,916
    2024beginning of year$21,396
    2024end of year$29,312
    2024net financing cash flow$8,363
    2024property and equipment, net$3,664
    2024gain on extinguishment of long - term debt, netMore than one value recorded for this year — open the FDD source before comparing$94,611
    2024income tax benefit-$869
    2024accounts payableMore than one value recorded for this year — open the FDD source before comparing$831
    2024gain on extinguishment of long - term debt, netMore than one value recorded for this year — open the FDD source before comparing-$94,611
    2024long - term lease liability$230,607
    2024long - term debt, net$99,545
    2024total operating expenses$182,092
    2024inventories$851
    2024net proceeds from sale of osp$2,000
    2024short - term lease liability$69,127
    2024long - lived asset impairmentMore than one value recorded for this year — open the FDD source before comparing$798
    2024comprehensive income$90,621
    2024depreciation and amortizationMore than one value recorded for this year — open the FDD source before comparing$3,403
    2024additional paid - in capital$69,660
    2024other, net-$172
    2024recognition of deferred compensation-$118
    2024cost of product sales to franchisees$436
    2024product sales to franchisees$451
    2024company - owned salon revenue$7,323
    2024income tax receivable$1,230
    2023net operating cash flow-$7,889
    2023product sales to franchisees$2,802
    2023advertising fund contributions$31,747
    2023franchise rental income$111,441
    2023total revenue$233,326
    2023cost of product sales to franchisees$3,540
    2023general and administrative$50,751
    2023rent$9,196
    2023advertising fund expense$31,747
    2023depreciation and amortizationMore than one value recorded for this year — open the FDD source before comparing$7,716
    2023long - lived asset impairmentMore than one value recorded for this year — open the FDD source before comparing$101
    2023total operating expenses$224,547
    2023operating income$8,779
    2023interest expense-$22,141
    2023incomeMore than one value recorded for this year — open the FDD source before comparing-$11,998
    2023income tax benefit$655
    2023incomeMore than one value recorded for this year — open the FDD source before comparing-$11,343
    2023other comprehensive loss-$432
    2023net incomeMore than one value recorded for this year — open the FDD source before comparing-$7,385
    2023net incomeMore than one value recorded for this year — open the FDD source before comparing-$7,385
    2023net current period foreign currency translation adjustments-$448
    2023recognition of deferred compensation$16
    2023comprehensive income-$7,817
    2023net incomeMore than one value recorded for this year — open the FDD source before comparing-$7,385
    2023long - lived asset impairmentMore than one value recorded for this year — open the FDD source before comparing$101
    2023deferred income taxes-$8
    2023inventory reserveMore than one value recorded for this year — open the FDD source before comparing$1,228
    2023non - cash interest$3,790
    2023stock - based compensation$2,316
    2023amortization of debt discount and financing costs$2,891
    2023other non - cash items affecting earnings$155
    2023receivables$943
    2023inventories-$182
    2023income tax receivable-$577
    2023other current assets$850
    2023other assets$6,818
    2023accrued expenses-$6,151
    2023other non - current liabilities-$9,817
    2023capital expenditures-$481
    2023net proceeds from sale of osp$4,500
    2023repayments of long - term debt-$11,083
    2023debt refinancing fees-$4,383
    2023taxes paid for shares withheld-$36
    2023effect of exchange rate changes on cash and cash equivalents-$53
    2023beginning of year$27,464
    2023end of year$21,396
    2023net investing cash flow$4,019
    2023ad fund$1,781
    2023company - owned salon revenue$10,089
    2023other, net$1,364
    2023gain from sale of osp-$4,562
    2023royalties$65,981
    2023net lease liabilities-$4,991
    2023fees$11,266
    2023franchise rent expense$111,441
    2023increase-$6,068
    2023income from discontinued operations, net of income taxes$3,958
    2023inventory reserveMore than one value recorded for this year — open the FDD source before comparing$1,228
    2023depreciation and amortizationMore than one value recorded for this year — open the FDD source before comparing$7,189
    2023company - owned salon expense$8,827
    2023accounts payable-$2,278
    2023borrowings on revolving credit facility$13,357
    2023net financing cash flow-$2,145

    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.

    Related research

    Brands in the same subcategory first, then the wider industry, ordered by shared business format and overlapping investment range. This is not a ranking or recommendation.

    Fantastic Sams Hair SalonsLTLemon Tree Development LLCSnip-itsBCBishops Cuts/ColorsDrybarFloyd’s 99 Barbershop

    Head-to-head comparisons

    Roosters Mgc International vs Fantastic Sams Hair SalonsRoosters Mgc International vs Lemon Tree Development LLCRoosters Mgc International vs Snip-its
    Compare reviewed facts

    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. 65 · 2026 FDD

      Our summary: Table 3 AL 2023 — terminations

      “2023 2 0 0 0 0 0 2”

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

    • Item 20 · PDF p. 64 · 2026 FDD

      Our summary: Table 2 Ohio 2025 — transfers

      “2025 1”

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

    • Item 20 · PDF p. 65 · 2026 FDD

      Our summary: Table 3 CA 2025 — end

      “2025 1 0 0 0 0 0 1”

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

    • Item 20 · PDF p. 65 · 2026 FDD

      Our summary: Table 3 CA 2025 — nonrenewals

      “2025 1 0 0 0 0 0 1”

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

    • Item 20 · PDF p. 65 · 2026 FDD

      Our summary: Table 3 CA 2025 — other ceased

      “2025 1 0 0 0 0 0 1”

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

    • Item 20 · PDF p. 65 · 2026 FDD

      Our summary: Table 3 CT 2025 — nonrenewals

      “2025 3 0 0 0 0 0 3”

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

    • Item 20 · PDF p. 65 · 2026 FDD

      Our summary: Table 3 CT 2024 — end

      “2024 4 0 0 0 0 1 3”

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

    • Item 20 · PDF p. 65 · 2026 FDD

      Our summary: Table 3 CT 2025 — start

      “2025 3 0 0 0 0 0 3”

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

    • Item 20 · PDF p. 65 · 2026 FDD

      Our summary: Table 3 FL 2025 — end

      “2025 6 0 0 0 0 0 6”

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

    • Item 20 · PDF p. 65 · 2026 FDD

      Our summary: Table 3 ID 2023 — nonrenewals

      “2023 1 0 0 0 0 0 1”

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

    • Item 20 · PDF p. 65 · 2026 FDD

      Our summary: Table 3 ID 2023 — reacquired

      “2023 1 0 0 0 0 0 1”

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

    • Item 20 · PDF p. 65 · 2026 FDD

      Our summary: Table 3 ID 2023 — terminations

      “2023 1 0 0 0 0 0 1”

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

    • Item 20 · PDF p. 66 · 2026 FDD

      Our summary: Table 3 IL 2023 — other ceased

      “2023 1 0 0 0 0 0 1”

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

    • Item 20 · PDF p. 66 · 2026 FDD

      Our summary: Table 3 IL 2024 — start

      “2024 1 0 0 0 0 0 1”

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

    • Item 20 · PDF p. 66 · 2026 FDD

      Our summary: Table 3 IL 2025 — reacquired

      “2025 1 0 0 1 0 0 0”

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

    • Item 20 · PDF p. 66 · 2026 FDD

      Our summary: Table 3 LA 2023 — opened

      “2023 2 0 0 0 0 0 2”

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

    • Item 20 · PDF p. 66 · 2026 FDD

      Our summary: Table 3 LA 2025 — terminations

      “2025 1 0 0 0 0 0 1”

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

    • Item 20 · PDF p. 66 · 2026 FDD

      Our summary: Table 3 MD 2024 — other ceased

      “2024 3 0 0 0 0 0 3”

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

    • Item 20 · PDF p. 66 · 2026 FDD

      Our summary: Table 3 MA 2023 — nonrenewals

      “2023 2 0 0 0 0 0 2”

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

    • Item 20 · PDF p. 66 · 2026 FDD

      Our summary: Table 3 MA 2023 — terminations

      “2023 2 0 0 0 0 0 2”

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

    • Item 20 · PDF p. 66 · 2026 FDD

      Our summary: Table 3 MI 2023 — nonrenewals

      “2023 1 0 0 0 0 0 1”

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

    • Item 20 · PDF p. 66 · 2026 FDD

      Our summary: Table 3 MI 2025 — other ceased

      “2025 1 0 0 0 0 0 1”

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

    • Item 20 · PDF p. 66 · 2026 FDD

      Our summary: Table 3 MI 2024 — end

      “2024 1 0 0 0 0 0 1”

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

    • Item 20 · PDF p. 66 · 2026 FDD

      Our summary: Table 3 MI 2025 — reacquired

      “2025 1 0 0 0 0 0 1”

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

    • Item 20 · PDF p. 66 · 2026 FDD

      Our summary: Table 3 MN 2025 — nonrenewals

      “2025 4 0 0 0 0 0 4”

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

    • Item 20 · PDF p. 66 · 2026 FDD

      Our summary: Table 3 MO 2023 — other ceased

      “2023 1 0 0 0 0 0 1”

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

    • Item 20 · PDF p. 66 · 2026 FDD

      Our summary: Table 3 MO 2025 — terminations

      “2025 1 0 0 0 0 0 1”

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

    • Item 20 · PDF p. 66 · 2026 FDD

      Our summary: Table 3 MS 2025 — other ceased

      “2025 0 1 0 0 0 0 1”

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

    • Item 20 · PDF p. 66 · 2026 FDD

      Our summary: Table 3 MS 2025 — nonrenewals

      “2025 0 1 0 0 0 0 1”

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

    • Item 20 · PDF p. 66 · 2026 FDD

      Our summary: Table 3 NC 2023 — reacquired

      “2023 4 0 0 0 0 0 4”

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

    • Item 20 · PDF p. 66 · 2026 FDD

      Our summary: Table 3 OH 2024 — terminations

      “2024 8 0 0 0 0 0 8”

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

    • Item 20 · PDF p. 67 · 2026 FDD

      Our summary: Table 3 PA 2023 — start

      “2023 1 0 0 0 0 0 1”

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

    • Item 20 · PDF p. 67 · 2026 FDD

      Our summary: Table 3 PA 2023 — terminations

      “2023 1 0 0 0 0 0 1”

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

    • Item 20 · PDF p. 67 · 2026 FDD

      Our summary: Table 3 PA 2024 — end

      “2024 1 0 0 0 0 0 1”

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

    • Item 20 · PDF p. 67 · 2026 FDD

      Our summary: Table 3 SC 2023 — reacquired

      “2023 1 0 0 0 0 0 1”

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

    • Item 20 · PDF p. 67 · 2026 FDD

      Our summary: Table 3 SC 2025 — end

      “2025 1 0 0 0 0 0 1”

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

    • Item 20 · PDF p. 67 · 2026 FDD

      Our summary: Table 3 VA 2023 — nonrenewals

      “2023 6 0 0 0 0 0 6”

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

    • Item 20 · PDF p. 67 · 2026 FDD

      Our summary: Table 3 UT 2024 — nonrenewals

      “2024 1 0 0 0 0 0 1”

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

    • Item 20 · PDF p. 67 · 2026 FDD

      Our summary: Table 3 UT 2025 — terminations

      “2025 1 0 0 0 0 0 1”

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

    • Item 20 · PDF p. 67 · 2026 FDD

      Our summary: Table 3 UT 2025 — nonrenewals

      “2025 1 0 0 0 0 0 1”

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

    • Item 20 · PDF p. 67 · 2026 FDD

      Our summary: Table 3 VA 2025 — end

      “2025 6 0 0 1 0 0 5”

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

    • Item 20 · PDF p. 67 · 2026 FDD

      Our summary: Table 3 VA 2024 — reacquired

      “2024 6 0 0 0 0 0 6”

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

    • Item 20 · PDF p. 67 · 2026 FDD

      Our summary: Table 3 WA 2024 — opened

      “2024 3 0 0 0 0 1 2”

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

    • Item 20 · PDF p. 67 · 2026 FDD

      Our summary: Table 3 Totals 2025 — end

      “2025 76 0 3 4 0 0 69”

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

    • Item 20 · PDF p. 67 · 2026 FDD

      Our summary: Table 3 Totals 2024 — opened

      “2024 82 1 0 0 1 6 76”

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

    • Item 20 · PDF p. 64 · 2026 FDD

      Our summary: Table 1 Franchised 2025 — start

      “Franchised 2023 89 82 - 7 2024 82 76 - 6 2025 76 69 - 7 Company - owned 2023 0 0 0 2024 0 1 +1 2025 1 1 0 Total Outlets 2023 89 82 - 7 2024 82 77 - 5 2025 77 70 - 7 ”

      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. 64 · 2026 FDD

      Our summary: Table 1 Franchised 2023 — start

      “Franchised 2023 89 82 - 7 2024 82 76 - 6 2025 76 69 - 7 Company - owned 2023 0 0 0 2024 0 1 +1 2025 1 1 0 Total Outlets 2023 89 82 - 7 2024 82 77 - 5 2025 77 70 - 7 ”

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

    • Item 20 · PDF p. 64 · 2026 FDD

      Our summary: Table 1 Company-owned 2025 — start

      “Franchised 2023 89 82 - 7 2024 82 76 - 6 2025 76 69 - 7 Company - owned 2023 0 0 0 2024 0 1 +1 2025 1 1 0 Total Outlets 2023 89 82 - 7 2024 82 77 - 5 2025 77 70 - 7 ”

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

    • Item 20 · PDF p. 64 · 2026 FDD

      Our summary: Table 1 Company-owned 2025 — end

      “Franchised 2023 89 82 - 7 2024 82 76 - 6 2025 76 69 - 7 Company - owned 2023 0 0 0 2024 0 1 +1 2025 1 1 0 Total Outlets 2023 89 82 - 7 2024 82 77 - 5 2025 77 70 - 7 ”

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

    • Item 20 · PDF p. 64 · 2026 FDD

      Our summary: Table 1 Franchised 2024 — end

      “Franchised 2023 89 82 - 7 2024 82 76 - 6 2025 76 69 - 7 Company - owned 2023 0 0 0 2024 0 1 +1 2025 1 1 0 Total Outlets 2023 89 82 - 7 2024 82 77 - 5 2025 77 70 - 7 ”

      Note: Item 20 claim is state/geography-specific or not a national/systemwide Total row; it cannot be verified under the required scope.

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