Franopolis

    SafeSplash

    Franchise research report · reviewed 2026 disclosure data

    Reviewed sources

    SafeSplash franchise specializes in swim instruction for children and adults, operating year-round indoor swim schools that focus on water safety and skill deve

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    Headline figures

    SafeSplash quick facts

    Is SafeSplash a franchise?
    Yes. SafeSplash offers franchises through a Franchise Disclosure Document. At the end of 2025, it reported 294 franchised and 0 company-owned outlets (2026 FDD, Item 20, PDF p. 65).
    How much does it cost to open a SafeSplash franchise?
    The SafeSplash Franchise Disclosure Document reports separate estimated initial investments by format: $961,200–$1,348,785 for dedicated location total initial investment: $961,200 to $1,348,785 (2026 FDD, Item 7, PDF p. 31); $1,071,200–$1,508,785 for total initial investment for a dedicated location with a swimlabs technology package: $1,071,200 to $1,508,785 (2026 FDD, Item 7, PDF p. 31); $24,250–$57,250 for conversion only (conversion hosted location total initial investment: $24,250 to $57,250) (2026 FDD, Item 7, PDF p. 33); $73,500–$306,000 for conversion only (conversion dedicated location total initial investment: $73,500 to $306,000) (2026 FDD, Item 7, PDF p. 32); $57,500–$81,000 for hosted location total initial investment: $57,500 to $81,000 (2026 FDD, Item 7, PDF p. 32); $944,950–$1,327,700 for dedicated location — total estimated initial investment (2025 FDD, Item 7, PDF p. 32); $1,054,950–$1,487,700 for dedicated location with swimlabs package — total estimated initial investment (2025 FDD, Item 7, PDF p. 32); $59,900–$69,900 for 10-year total estimated initial investment (2026 FDD, Item 7, PDF p. 29); $36,500–$46,500 for 5-year total estimated initial investment (2026 FDD, Item 7, PDF p. 30). These formats are not combined. Each is the franchisor's disclosed estimate, not a quote. Details
    What ongoing fees does SafeSplash charge?
    The disclosed ongoing royalty is 6% (2026 FDD, Item 6, PDF p. 25). The brand or advertising fund contribution is 2% (2026 FDD, Item 6, PDF p. 22). Other recurring fees are listed in Item 6. Details
    Does SafeSplash disclose financial performance (Item 19)?
    Yes. The SafeSplash FDD includes an Item 19 financial performance representation (2026 FDD, Item 19, PDF p. 68). Figures apply only to the locations and period each one covers. Details
    How many SafeSplash locations are there?
    The FDD reports 294 outlets at the end of 2025 (2026 FDD, Item 20, PDF p. 65). Existing locations do not indicate territory availability. Details
    Is SafeSplash a good franchise to buy?
    Franopolis does not rate or recommend franchises. From the reviewed FDD: Item 19 includes financial performance figures; check which locations and period they cover; Item 20 lists outlet openings, closures and transfers; Item 6 includes a brand or advertising fund contribution on top of royalty; Item 20 also lists current and former franchisees you can contact. Review the full FDD with a franchise attorney and accountant before deciding.

    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: $961,200 – $1,348,785 (Dedicated Location total initial investment: $961,200 to $1,348,785); $1,071,200 – $1,508,785 (Total initial investment for a Dedicated Location with a SwimLabs Technology Package: $1,071,200 to $1,508,785); $24,250 – $57,250 (Conversion Hosted Location total initial investment: $24,250 to $57,250); $73,500 – $306,000 (Conversion Dedicated Location total initial investment: $73,500 to $306,000); $57,500 – $81,000 (Hosted Location total initial investment: $57,500 to $81,000); $59,900 – $69,900 (10-year total estimated initial investment); $36,500 – $46,500 (5-year total estimated initial investment); several initial fee options apply.
    2. 2Item 19 covers 36 separate groups: adjusted operating results for 14 Franchised locations; other measures for 6 Franchised locations; other measures for 3 Franchised locations; adjusted operating results for 23 Franchised locations; revenue for 14 Franchised locations; adjusted operating results for 14 Franchised locations; adjusted operating results for 13 Franchised locations; revenue for 9 Franchised locations; adjusted operating results for 23 Franchised locations; revenue for 5 Franchised locations; revenue for 13 Franchised locations; adjusted operating results for 9 Franchised locations; revenue for 23 Franchised locations; revenue for 44 Franchised locations; revenue for 20 Franchised locations; revenue for 19 Franchised locations; other measures for 5 Franchised locations; revenue and other measures for 106 Franchised locations; revenue and other measures and profit and costs for 64 Franchised locations; profit and costs and other measures and revenue for 65 Franchised locations; revenue for 26 Franchised locations; revenue for 41 Franchised locations; revenue for 107 Franchised locations; revenue for 36 Franchised locations; revenue for 43 Franchised locations; revenue for 46 Franchised locations; other measures for 129 Franchised locations; other measures for 64 Franchised locations; revenue for 106 Franchised locations; other measures and revenue for 107 Franchised locations; revenue for 106 Franchised locations; revenue for 107 Franchised locations; revenue for 21 Franchised locations; other measures for 65 Franchised locations; other measures for 213 Franchised locations; revenue for 36 Franchised locations. They are not combined.
    3. 3Outlets grew by 30 in 2025, to 294 (Systemwide, as labeled in the FDD, Item 20).

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

    Franchises under $50kOther brands whose disclosed Item 7 low end fits this budget.Compare outlet trendsPut Item 20 counts side by side with up to 3 other brands.

    SafeSplash head-to-head

    Closest peers in the same subcategory, side by side from reviewed FDD figures. Not a ranking or recommendation.

    SafeSplashVSSoccer Shots
    Compare head-to-head
    SafeSplashVSStreamline Brands
    Compare head-to-head
    SafeSplashVSBritish Swim School
    Compare head-to-head
    SafeSplashVSFred Astaire Dance Studios
    Compare head-to-head

    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 (7)

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

    • Conversion Hosted Location total initial investment: $24,250 to $57,250PDF p. 33$24,250 – $57,250
    • 5-year total estimated initial investmentPDF p. 30$36,500 – $46,500
    • Hosted Location total initial investment: $57,500 to $81,000PDF p. 32$57,500 – $81,000
    • 10-year total estimated initial investmentPDF p. 29$59,900 – $69,900
    • Conversion Dedicated Location total initial investment: $73,500 to $306,000PDF p. 32$73,500 – $306,000
    • Dedicated Location total initial investment: $961,200 to $1,348,785PDF p. 31$961,200 – $1,348,785
    • Total initial investment for a Dedicated Location with a SwimLabs Technology Package: $1,071,200 to $1,508,785PDF p. 31$1,071,200 – $1,508,785

    Ongoing Fees — Item 6

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

    Royalty standard dedicated/hostedMain ongoing fee

    128 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?

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

    14 locations

    Adjusted operating results · 14 locations

    Adjusted company-owned results: the franchisor adjusted these centers' expenses to estimate franchisee costs. They are not observed franchisee results or owner take-home income.

    Who is counted
    Dedicated expense sample
    Period
    average Adjusted 4-WALL EBITDA
    Excluded
    Dedicated:5new,6refranchised,4incomplete P&Ls of29; hosted P&L23 excludes14new,5partial-year,21missing P&L;14permanentlyclosed also excluded. All exclude affiliates,14SwimLabs package units;3brand conversions and11refranchises excluded. Hosted revenue sample44 distinct from expense sample23.
    Method
    Tables1A/B actual submitted P&Ls; Tables2/3 POS data. Full-year continuous operation. Marketing adjusted to greater of actual or4%gross revenues; Enhanced Services discontinued Q1 2026 (8/14dedicated and23/23hosted participated). Adjusted4wallEBITDA excludes owner draw, depreciation,amortization,buildout debt service. Actual management expenses only7/14dedicated,3/23hosted.

    These groups are never combined. Adjusted company-owned operating results cannot be divided by franchised revenue to calculate a franchisee profit margin.

    Outlet Changes — Item 20

    How has the outlet count changed?

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

    2026 FDD · Item 20 · PDF p. 65

    Net +200 outlets, 2022–2025

    0942022348202335420242942025+254+6−60

    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 ($24,250 – $1,508,785) 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 264 to 294 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 — Dedicated expense sample · PDF p. 68
    2. [2]Item 19 — Locations counted not stated in the reviewed record — Owner2–3hosted · PDF p. 72
    3. [3]Item 19 — Locations counted not stated in the reviewed record — Owner1hosted · PDF p. 72
    4. [4]Item 19 — Locations counted not stated in the reviewed record — Hosted expense sample · PDF p. 69
    5. [5]Item 19 — Locations counted not stated in the reviewed record — Dedicated gross revenue · PDF p. 68
    6. [6]Item 19 — Locations counted not stated in the reviewed record — Dedicated adjusted4wallEBITDA detail · PDF p. 68
    7. [7]Item 19 — Locations counted not stated in the reviewed record — Hosted2–4days adjusted4wallEBITDA · PDF p. 69
    8. [8]Item 19 — Locations counted not stated in the reviewed record — Hosted 5–7days gross revenue P&Lsample · PDF p. 69
    9. [9]Item 19 — Locations counted not stated in the reviewed record — Hosted all adjusted4wallEBITDA detail · PDF p. 69
    10. [10]Item 19 — Locations counted not stated in the reviewed record — Individual hosted revenue1–2days POSsample · PDF p. 72
    11. [11]Item 19 — Locations counted not stated in the reviewed record — Hosted 2–4days gross revenue P&Lsample · PDF p. 69
    12. [12]Item 19 — Locations counted not stated in the reviewed record — Hosted5–7days adjusted4wallEBITDA · PDF p. 69
    13. [13]Item 19 — Locations counted not stated in the reviewed record — Hosted all gross revenue P&Lsample · PDF p. 69
    14. [14]Item 19 — Locations counted not stated in the reviewed record — All individual hosted revenue POSsample · PDF p. 72
    15. [15]Item 19 — Locations counted not stated in the reviewed record — Individual hosted revenue3–4days POSsample · PDF p. 72
    16. [16]Item 19 — Locations counted not stated in the reviewed record — Individual hosted revenue5+days POSsample · PDF p. 72
    17. [17]Item 19 — Locations counted not stated in the reviewed record — Owner4–10hosted · PDF p. 72
    18. [18]Item 19 — Locations counted not stated in the reviewed record — Bottom Half of Covered Units · PDF p. 60
    19. [19]Item 19 — Locations counted not stated in the reviewed record — Bottom Half of Included Franchises · PDF p. 63
    20. [20]Item 19 — Locations counted not stated in the reviewed record — Top Half of Included Franchises · PDF p. 63
    21. [21]Item 19 — Locations counted not stated in the reviewed record — Covered Franchise Units operating 5 Venues · PDF p. 61
    22. [22]Item 19 — Locations counted not stated in the reviewed record — Covered Franchise Units operating 6+ Venues · PDF p. 61
    23. [23]Item 19 — Locations counted not stated in the reviewed record — Top Half of Covered Units during January 1–December 31, 2025 · PDF p. 60
    24. [24]Item 19 — Locations counted not stated in the reviewed record — Covered Franchise Units operating 4 Venues · PDF p. 61
    25. [25]Item 19 — Locations counted not stated in the reviewed record — Covered Franchise Units operating 2 Venues · PDF p. 61
    26. [26]Item 19 — Locations counted not stated in the reviewed record — Covered Franchise Units operating 3 Venues · PDF p. 61
    27. [27]Item 19 — Locations counted not stated in the reviewed record — Included Franchises — Total · PDF p. 63
    28. [28]Item 19 — Locations counted not stated in the reviewed record — Included Franchises — Bottom Half · PDF p. 63
    29. [29]Item 19 — Locations counted not stated in the reviewed record — Bottom Half of Covered Units during January 1–December 31, 2025 · PDF p. 60
    30. [30]Item 19 — Locations counted not stated in the reviewed record — Top Half of Covered Units · PDF p. 60
    31. [31]Item 19 — Locations counted not stated in the reviewed record — Bottom Half of Covered Units during the Measurement Period · PDF p. 60
    32. [32]Item 19 — Locations counted not stated in the reviewed record — Top Half of Covered Units during the Measurement Period · PDF p. 60
    33. [33]Item 19 — Locations counted not stated in the reviewed record — Covered Franchise Units operating 1 Venue · PDF p. 61
    34. [34]Item 19 — Locations counted not stated in the reviewed record — Included Franchises — Top Half · PDF p. 63
    35. [35]Item 19 — Locations counted not stated in the reviewed record — All Covered Units · PDF p. 60
    36. [36]Item 19 — Locations counted not stated in the reviewed record — Covered Franchise Units operating 4 venues during 2025 · PDF p. 61
    37. [37]Outlet counts — Item 20, Table 1 · PDF p. 65

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

    Territory & operations

    178 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
    2026notes receivable, net of current portion$4,560
    2026cash and cash equivalents$1,349,756
    2026notes receivable, current$93,029
    2026deferred revenue$377,291
    2026strategic marketing fund revenue$479,068
    2026accounts receivable, net$128,477
    2026contract assets, current$65,876
    2026other current assets$149,359
    2026due from affiliates, net$2,138,732
    2026total current assets$3,925,228
    2026goodwill$919,524
    2026contract assets, net of current portion$846,868

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

    What changed from 2025 to 2026

    • Franchise fee: $55,000 → $22,500
    • System size: 354 → 294 units

    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, overlapping investment range, Item 20 outlet count and search interest. This is not a ranking or recommendation.

    Soccer ShotsStreamline BrandsBritish Swim SchoolFred Astaire Dance StudiosThe Little GymD-BAT

    Head-to-head comparisons

    SafeSplash vs Soccer ShotsSafeSplash vs Streamline BrandsSafeSplash vs British Swim SchoolSafeSplash vs Fred Astaire Dance StudiosSafeSplash vs The Little GymSafeSplash vs D-BAT
    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 6 · PDF p. 29 · 2025 FDD

      Our summary: Replacement trainee Academy Training fee: currently not charged; cap $1,000 per trainee

      “Currently, not charged. ... provided that the fee shall not exceed $1,000 per trainee for the program.”

      Note: The cited quote is not present in the supplied excerpt.

    • Item 6 · PDF p. 29 · 2025 FDD

      Our summary: Satellite Location Fee: 20% of then-current Initial Franchise Fee

      “An amount equal to 20% of our then-current Initial Franchise Fee for a Dedicated Location if the Satellite Location is linked to a Dedicated Location.”

      Note: The cited quote is not present in the supplied excerpt.

    • Item 6 · PDF p. 29 · 2025 FDD

      Our summary: Requested Additional Assistance: currently not charged; cap $1,000 per representative per day

      “Currently, not charged. ... provided that the fee will not exceed $1,000 per representative per day, plus their travel and living expenses.”

      Note: The cited quote is not present in the supplied excerpt.

    • Item 19 · PDF p. 72 · 2025 FDD

      Our summary: Table 2 2 to 3 Hosted Locations: average Gross Revenues: $612,000

      “The figures in Table 2 present actual Gross Revenues experienced by 18 franchisees who owned and operated 53 Franchised Hosted Locations during Fiscal Year 2024. 2 to 3 9 2.2 $612,000 3 of 9 (33%) $518,092 $112,865 $1,752,378”

      Note: PDF p.72 reports franchisee counts and a range of locations per franchisee for this subgroup, but not its exact whole-location sample count. I cannot verify the required sample context without calculation or inference.

    • Item 19 · PDF p. 73 · 2025 FDD

      Our summary: Table 4 5 to 6 Average Operating Days average Payroll - Other — FY2024: $27,373

      “The figures in Table 4 present actual Gross Revenues and expenses experienced by 11 Affiliated Hosted Locations during Fiscal Year 2024. Payroll - Other $14,744 5.5% $27,373 $7,527”

      Note: PDF p.73 gives the overall sample of 11 affiliated hosted locations but not the sample count for this operating-days subgroup. The subgroup location count cannot be verified without inference.

    • Item 19 · PDF p. 73 · 2025 FDD

      Our summary: Table 4 2 to 4 Average Operating Days average Payroll - Dry - Staff — FY2024: $16,961

      “The figures in Table 4 present actual Gross Revenues and expenses experienced by 11 Affiliated Hosted Locations during Fiscal Year 2024. Payroll - Dry - Staff $20,993 7.9% $28,050 $16,961”

      Note: PDF p.73 gives the overall sample of 11 affiliated hosted locations but not the sample count for this operating-days subgroup. The subgroup location count cannot be verified without inference.

    • Item 19 · PDF p. 72 · 2025 FDD

      Our summary: Table 2 2 to 3 Hosted Locations: median Gross Revenues: $518,092

      “The figures in Table 2 present actual Gross Revenues experienced by 18 franchisees who owned and operated 53 Franchised Hosted Locations during Fiscal Year 2024. 2 to 3 9 2.2 $612,000 3 of 9 (33%) $518,092 $112,865 $1,752,378”

      Note: PDF p.72 reports franchisee counts and a range of locations per franchisee for this subgroup, but not its exact whole-location sample count. I cannot verify the required sample context without calculation or inference.

    • Item 19 · PDF p. 72 · 2025 FDD

      Our summary: Table 2 4 to 10 Hosted Locations: high Gross Revenues: $2,595,645

      “The figures in Table 2 present actual Gross Revenues experienced by 18 franchisees who owned and operated 53 Franchised Hosted Locations during Fiscal Year 2024. 4 to 10 5 5.8 $1,010,901 2 of 5 (40%) $564,948 $258,662 $2,595,645”

      Note: PDF p.72 reports franchisee counts and a range of locations per franchisee for this subgroup, but not its exact whole-location sample count. I cannot verify the required sample context without calculation or inference.

    • Item 19 · PDF p. 72 · 2025 FDD

      Our summary: Table 2 2 to 3 Hosted Locations: low Gross Revenues: $112,865

      “The figures in Table 2 present actual Gross Revenues experienced by 18 franchisees who owned and operated 53 Franchised Hosted Locations during Fiscal Year 2024. 2 to 3 9 2.2 $612,000 3 of 9 (33%) $518,092 $112,865 $1,752,378”

      Note: PDF p.72 reports franchisee counts and a range of locations per franchisee for this subgroup, but not its exact whole-location sample count. I cannot verify the required sample context without calculation or inference.

    • Item 19 · PDF p. 72 · 2025 FDD

      Our summary: Table 2 2 to 3 Hosted Locations: share meeting or exceeding average Gross Revenues: 33%

      “The figures in Table 2 present actual Gross Revenues experienced by 18 franchisees who owned and operated 53 Franchised Hosted Locations during Fiscal Year 2024. 2 to 3 9 2.2 $612,000 3 of 9 (33%) $518,092 $112,865 $1,752,378”

      Note: PDF p.72 reports franchisee counts and a range of locations per franchisee for this subgroup, but not its exact whole-location sample count. I cannot verify the required sample context without calculation or inference.

    • Item 19 · PDF p. 72 · 2025 FDD

      Our summary: Table 2 4 to 10 Hosted Locations: average Hosted Locations per franchisee: 5.8

      “The figures in Table 2 present actual Gross Revenues experienced by 18 franchisees who owned and operated 53 Franchised Hosted Locations during Fiscal Year 2024. 4 to 10 5 5.8 $1,010,901 2 of 5 (40%) $564,948 $258,662 $2,595,645”

      Note: PDF p.72 reports franchisee counts and a range of locations per franchisee for this subgroup, but not its exact whole-location sample count. I cannot verify the required sample context without calculation or inference.

    • Item 19 · PDF p. 72 · 2025 FDD

      Our summary: Table 2 4 to 10 Hosted Locations: share meeting or exceeding average Gross Revenues: 40%

      “The figures in Table 2 present actual Gross Revenues experienced by 18 franchisees who owned and operated 53 Franchised Hosted Locations during Fiscal Year 2024. 4 to 10 5 5.8 $1,010,901 2 of 5 (40%) $564,948 $258,662 $2,595,645”

      Note: PDF p.72 reports franchisee counts and a range of locations per franchisee for this subgroup, but not its exact whole-location sample count. I cannot verify the required sample context without calculation or inference.

    • Item 19 · PDF p. 72 · 2025 FDD

      Our summary: Table 2 4 to 10 Hosted Locations: median Gross Revenues: $564,948

      “The figures in Table 2 present actual Gross Revenues experienced by 18 franchisees who owned and operated 53 Franchised Hosted Locations during Fiscal Year 2024. 4 to 10 5 5.8 $1,010,901 2 of 5 (40%) $564,948 $258,662 $2,595,645”

      Note: PDF p.72 reports franchisee counts and a range of locations per franchisee for this subgroup, but not its exact whole-location sample count. I cannot verify the required sample context without calculation or inference.

    • Item 19 · PDF p. 73 · 2025 FDD

      Our summary: Table 4 5 to 6 Average Operating Days average Payroll - Wet — FY2024: $105,427

      “The figures in Table 4 present actual Gross Revenues and expenses experienced by 11 Affiliated Hosted Locations during Fiscal Year 2024. Payroll - Wet $51,069 19.2% $105,427 $20,008”

      Note: PDF p.73 gives the overall sample of 11 affiliated hosted locations but not the sample count for this operating-days subgroup. The subgroup location count cannot be verified without inference.

    • Item 19 · PDF p. 73 · 2025 FDD

      Our summary: Table 4 5 to 6 Average Operating Days average Gross Revenue — FY2024: $530,285

      “The figures in Table 4 present actual Gross Revenues and expenses experienced by 11 Affiliated Hosted Locations during Fiscal Year 2024. Gross Revenue $265,658 $530,285 $114,442”

      Note: PDF p.73 provides the sample count for all 11 affiliate-owned Hosted Locations but not the location count for the 5-to-6-operating-days subgroup. The subgroup sample cannot be verified without inference.

    • Item 19 · PDF p. 73 · 2025 FDD

      Our summary: Table 4 2 to 4 Average Operating Days average Gross Revenue — FY2024: $114,442

      “The figures in Table 4 present actual Gross Revenues and expenses experienced by 11 Affiliated Hosted Locations during Fiscal Year 2024. Gross Revenue $265,658 $530,285 $114,442”

      Note: PDF p.73 gives the overall sample of 11 affiliated hosted locations but not the sample count for this operating-days subgroup. The subgroup location count cannot be verified without inference.

    • Item 19 · PDF p. 73 · 2025 FDD

      Our summary: Table 4 2 to 4 Average Operating Days average Payroll - Other — FY2024: $7,527

      “The figures in Table 4 present actual Gross Revenues and expenses experienced by 11 Affiliated Hosted Locations during Fiscal Year 2024. Payroll - Other $14,744 5.5% $27,373 $7,527”

      Note: PDF p.73 gives the overall sample of 11 affiliated hosted locations but not the sample count for this operating-days subgroup. The subgroup location count cannot be verified without inference.

    • Item 19 · PDF p. 73 · 2025 FDD

      Our summary: Table 4 5 to 6 Average Operating Days average Rent — FY2024: $95,158

      “The figures in Table 4 present actual Gross Revenues and expenses experienced by 11 Affiliated Hosted Locations during Fiscal Year 2024. Rent $46,391 17.5% $95,158 $18,525”

      Note: PDF p.73 identifies the overall sample of 11 affiliated Hosted Locations, but not the count in this operating-days subgroup. The subgroup sample cannot be verified without inference.

    • Item 19 · PDF p. 73 · 2025 FDD

      Our summary: Table 4 2 to 4 Average Operating Days average Marketing — FY2024: $4,578

      “The figures in Table 4 present actual Gross Revenues and expenses experienced by 11 Affiliated Hosted Locations during Fiscal Year 2024. Marketing $10,626 4.0% $21,211 $4,578”

      Note: PDF p.73 identifies the overall sample of 11 affiliated Hosted Locations, but not the count in this operating-days subgroup. The subgroup sample cannot be verified without inference.

    • Item 19 · PDF p. 72 · 2025 FDD

      Our summary: Table 2 2 to 3 Hosted Locations: high Gross Revenues: $1,752,378

      “The figures in Table 2 present actual Gross Revenues experienced by 18 franchisees who owned and operated 53 Franchised Hosted Locations during Fiscal Year 2024. 2 to 3 9 2.2 $612,000 3 of 9 (33%) $518,092 $112,865 $1,752,378”

      Note: PDF p.72 reports franchisee counts and a range of locations per franchisee for this subgroup, but not its exact whole-location sample count. I cannot verify the required sample context without calculation or inference.

    • Item 19 · PDF p. 72 · 2025 FDD

      Our summary: Table 2 4 to 10 Hosted Locations: number of franchisees: 5

      “The figures in Table 2 present actual Gross Revenues experienced by 18 franchisees who owned and operated 53 Franchised Hosted Locations during Fiscal Year 2024. 4 to 10 5 5.8 $1,010,901 2 of 5 (40%) $564,948 $258,662 $2,595,645”

      Note: PDF p.72 reports franchisee counts and a range of locations per franchisee for this subgroup, but not its exact whole-location sample count. I cannot verify the required sample context without calculation or inference.

    • Item 19 · PDF p. 73 · 2025 FDD

      Our summary: Table 4 2 to 4 Average Operating Days average Supplies — FY2024: $665

      “The figures in Table 4 present actual Gross Revenues and expenses experienced by 11 Affiliated Hosted Locations during Fiscal Year 2024. Supplies $1,211 0.5% $2,167 $665”

      Note: PDF p.73 identifies the overall sample of 11 affiliated Hosted Locations, but not the count in this operating-days subgroup. The subgroup sample cannot be verified without inference.

    • Item 19 · PDF p. 73 · 2025 FDD

      Our summary: Table 4 2 to 4 Average Operating Days average Merchant/CC Fees — FY2024: $3,653

      “The figures in Table 4 present actual Gross Revenues and expenses experienced by 11 Affiliated Hosted Locations during Fiscal Year 2024. Merchant/CC Fees $8,688 3.3% $17,498 $3,653”

      Note: PDF p.73 identifies the overall sample of 11 affiliated Hosted Locations, but not the count in this operating-days subgroup. The subgroup sample cannot be verified without inference.

    • Item 19 · PDF p. 73 · 2025 FDD

      Our summary: Table 4 5 to 6 Average Operating Days average Supplies — FY2024: $2,167

      “The figures in Table 4 present actual Gross Revenues and expenses experienced by 11 Affiliated Hosted Locations during Fiscal Year 2024. Supplies $1,211 0.5% $2,167 $665”

      Note: PDF p.73 identifies the overall sample of 11 affiliated Hosted Locations, but not the count in this operating-days subgroup. The subgroup sample cannot be verified without inference.

    • Item 19 · PDF p. 73 · 2025 FDD

      Our summary: Table 4 5 to 6 Average Operating Days average Marketing — FY2024: $21,211

      “The figures in Table 4 present actual Gross Revenues and expenses experienced by 11 Affiliated Hosted Locations during Fiscal Year 2024. Marketing $10,626 4.0% $21,211 $4,578”

      Note: PDF p.73 identifies the overall sample of 11 affiliated Hosted Locations, but not the count in this operating-days subgroup. The subgroup sample cannot be verified without inference.

    • Item 19 · PDF p. 73 · 2025 FDD

      Our summary: Table 4 5 to 6 Average Operating Days average Merchant/CC Fees — FY2024: $17,498

      “The figures in Table 4 present actual Gross Revenues and expenses experienced by 11 Affiliated Hosted Locations during Fiscal Year 2024. Merchant/CC Fees $8,688 3.3% $17,498 $3,653”

      Note: PDF p.73 identifies the overall sample of 11 affiliated Hosted Locations, but not the count in this operating-days subgroup. The subgroup sample cannot be verified without inference.

    • Item 19 · PDF p. 72 · 2025 FDD

      Our summary: Table 2 4 to 10 Hosted Locations: franchisees meeting or exceeding average Gross Revenues: 2

      “The figures in Table 2 present actual Gross Revenues experienced by 18 franchisees who owned and operated 53 Franchised Hosted Locations during Fiscal Year 2024. 4 to 10 5 5.8 $1,010,901 2 of 5 (40%) $564,948 $258,662 $2,595,645”

      Note: PDF p.72 reports franchisee counts and a range of locations per franchisee for this subgroup, but not its exact whole-location sample count. I cannot verify the required sample context without calculation or inference.

    • Item 19 · PDF p. 72 · 2025 FDD

      Our summary: Table 2 4 to 10 Hosted Locations: average Gross Revenues: $1,010,901

      “The figures in Table 2 present actual Gross Revenues experienced by 18 franchisees who owned and operated 53 Franchised Hosted Locations during Fiscal Year 2024. 4 to 10 5 5.8 $1,010,901 2 of 5 (40%) $564,948 $258,662 $2,595,645”

      Note: PDF p.72 reports franchisee counts and a range of locations per franchisee for this subgroup, but not its exact whole-location sample count. I cannot verify the required sample context without calculation or inference.

    • Item 19 · PDF p. 73 · 2025 FDD

      Our summary: Table 4 2 to 4 Average Operating Days average Payroll - Wet — FY2024: $20,008

      “The figures in Table 4 present actual Gross Revenues and expenses experienced by 11 Affiliated Hosted Locations during Fiscal Year 2024. Payroll - Wet $51,069 19.2% $105,427 $20,008”

      Note: PDF p.73 gives the overall sample of 11 affiliated hosted locations but not the sample count for this operating-days subgroup. The subgroup location count cannot be verified without inference.

    • Item 19 · PDF p. 72 · 2025 FDD

      Our summary: Table 2 4 to 10 Hosted Locations: low Gross Revenues: $258,662

      “The figures in Table 2 present actual Gross Revenues experienced by 18 franchisees who owned and operated 53 Franchised Hosted Locations during Fiscal Year 2024. 4 to 10 5 5.8 $1,010,901 2 of 5 (40%) $564,948 $258,662 $2,595,645”

      Note: PDF p.72 reports franchisee counts and a range of locations per franchisee for this subgroup, but not its exact whole-location sample count. I cannot verify the required sample context without calculation or inference.

    • Item 19 · PDF p. 72 · 2025 FDD

      Our summary: Table 2 2 to 3 Hosted Locations: franchisees meeting or exceeding average Gross Revenues: 3

      “The figures in Table 2 present actual Gross Revenues experienced by 18 franchisees who owned and operated 53 Franchised Hosted Locations during Fiscal Year 2024. 2 to 3 9 2.2 $612,000 3 of 9 (33%) $518,092 $112,865 $1,752,378”

      Note: PDF p.72 reports franchisee counts and a range of locations per franchisee for this subgroup, but not its exact whole-location sample count. I cannot verify the required sample context without calculation or inference.

    • Item 19 · PDF p. 72 · 2025 FDD

      Our summary: Table 2 2 to 3 Hosted Locations: average Hosted Locations per franchisee: 2.2

      “The figures in Table 2 present actual Gross Revenues experienced by 18 franchisees who owned and operated 53 Franchised Hosted Locations during Fiscal Year 2024. 2 to 3 9 2.2 $612,000 3 of 9 (33%) $518,092 $112,865 $1,752,378”

      Note: PDF p.72 reports franchisee counts and a range of locations per franchisee for this subgroup, but not its exact whole-location sample count. I cannot verify the required sample context without calculation or inference.

    • Item 19 · PDF p. 73 · 2025 FDD

      Our summary: Table 4 2 to 4 Average Operating Days average Rent — FY2024: $18,525

      “The figures in Table 4 present actual Gross Revenues and expenses experienced by 11 Affiliated Hosted Locations during Fiscal Year 2024. Rent $46,391 17.5% $95,158 $18,525”

      Note: PDF p.73 identifies the overall sample of 11 affiliated Hosted Locations, but not the count in this operating-days subgroup. The subgroup sample cannot be verified without inference.

    • Item 19 · PDF p. 73 · 2025 FDD

      Our summary: Table 4 5 to 6 Average Operating Days average Payroll - Dry - Staff — FY2024: $28,050

      “The figures in Table 4 present actual Gross Revenues and expenses experienced by 11 Affiliated Hosted Locations during Fiscal Year 2024. Payroll - Dry - Staff $20,993 7.9% $28,050 $16,961”

      Note: PDF p.73 gives the overall sample of 11 affiliated hosted locations but not the sample count for this operating-days subgroup. The subgroup location count cannot be verified without inference.

    • Item 20 · PDF p. 76 · 2025 FDD

      Our summary: Franchised 2023: 94 → 103

      “Franchised 2023 94 103 +9”

      Note: The supplied excerpt does not establish a matching Table 1 systemwide start/end row.

    • Item 20 · PDF p. 76 · 2025 FDD

      Our summary: Franchised 2024: 103 → 90

      “Franchised 2024 103 90 -13”

      Note: The supplied excerpt does not establish a matching Table 1 systemwide start/end row.

    • Item 20 · PDF p. 76 · 2025 FDD

      Our summary: Franchised 2022: 85 → 94

      “Franchised 2022 85 94 +9”

      Note: The supplied excerpt does not establish a matching Table 1 systemwide start/end row.

    • Item 21 · PDF p. 93 · 2026 FDD

      Our summary: Member’s equity

      “Member’s equity 445,073 (1,020,180)”

      Note: Supplied quote could not be confirmed on the cited PDF page excerpt.

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

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