Franopolis

    Shipley Do-Nuts

    Franchise research report · reviewed 2026 disclosure data

    Researching Shipley Do-Nuts franchise opportunities? Every figure below is cited to the FDD.

    Reviewed sources

    Shipley Do-Nuts franchise specializes in made-from-scratch donuts, kolaches, and coffee, serving communities primarily across the Southern United States since 1

    Headline figures

    Shipley Do-Nuts quick facts

    Is Shipley Do-Nuts a franchise?
    Yes. Shipley Do-Nuts offers franchises through a Franchise Disclosure Document. At the end of 2025, it reported 762 franchised and 24 company-owned outlets (2026 FDD, Item 20, PDF p. 58).
    How much does it cost to open a Shipley Do-Nuts franchise?
    The Shipley Do-Nuts Franchise Disclosure Document reports separate estimated initial investments by format: $516,512 for one shop total — $516512 (2026 FDD, Item 7, PDF p. 22); $62,000–$84,000 for msda3–5shops total ( — $62000 (2026 FDD, Item 7, PDF p. 25). These formats are not combined. Each is the franchisor's disclosed estimate, not a quote. Details
    What is the Shipley Do-Nuts initial franchise fee?
    The disclosed initial franchise fee for a standard single unit is $20,000 (2026 FDD, Item 5, PDF p. 14). Other fee options (for example multi-unit or conversion) are listed separately in the report. Details
    What ongoing fees does Shipley Do-Nuts charge?
    The disclosed ongoing royalty is 5% (2026 FDD, Item 6, PDF p. 14). The brand or advertising fund contribution is 1% (2026 FDD, Item 6, PDF p. 15). Other recurring fees are listed in Item 6. Details
    Does Shipley Do-Nuts disclose financial performance (Item 19)?
    Yes. The Shipley Do-Nuts FDD includes an Item 19 financial performance representation (2026 FDD, Item 19, PDF p. 55). Figures apply only to the locations and period each one covers. Details
    How many Shipley Do-Nuts locations are there?
    The FDD reports 786 outlets at the end of 2025 (2026 FDD, Item 20, PDF p. 58). Existing locations do not indicate territory availability. Details
    Is Shipley Do-Nuts 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: $516,512 (One shop TOTAL — $516512); $62,000 – $84,000 (MSDA3–5shops Total ( — $62000); several initial fee options apply.
    2. 2Item 19 covers 16 separate groups: other measures for 9 Company owned locations; other measures for 305 Franchised locations; other measures for 77 Franchised locations; other measures for 305 Franchised locations; other measures for 9 Company owned locations; other measures for 153 Franchised locations; other measures for 152 Franchised locations; other measures for 76 Franchised locations; other measures for Franchised locations; other measures for Company owned locations; other measures for Franchised locations; other measures for Company owned locations; other measures for Franchised locations; other measures for Company owned locations; other measures for Franchised locations; other measures for Company owned locations. They are not combined.
    3. 3Outlets grew by 56 in 2025, to 786 (Franchised, 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.

    • MSDA3–5shops Total ( — $62000PDF p. 25$62,000 – $84,000
    • One shop TOTAL — $516512PDF p. 22$516,512

    Standard single-unit franchise fee

    2026 FDD · Item 5 · PDF p. 14
    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 weekly gross sales — 5%Main ongoing fee

    41 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?

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

    Locations counted: not stated in the reviewed record

    Other measures · 9 locations

    Who is counted
    Reporting company
    Period
    Average gross sales
    Excluded
    Openedless16monthsor temporarilyclosed:61franchise1company; atypical15satellite/nontraditionalnotpreparingonsiteand2companytrainingstores excluded
    Method
    Unaudited/notindependentlyverified; sales excludes taxes tips discounted amounts prepaidgiftcards; sourcecostsnotrecomputed; EBITDA excludesstartup/advertising/admin/ownercomp/equipment/inventory/travel/taxes/finance/interest/depreciation/amortization; assumedrentforaffiliates’ownedpremises basedonothers’rent.

    Locations counted: not stated in the reviewed record

    Other measures · 305 locations

    Who is counted
    Franchise
    Period
    Number attaining mean
    Excluded
    Openedless16monthsor temporarilyclosed:61franchise1company; atypical15satellite/nontraditionalnotpreparingonsiteand2companytrainingstores excluded
    Method
    Unaudited/notindependentlyverified; sales excludes taxes tips discounted amounts prepaidgiftcards; sourcecostsnotrecomputed; EBITDA excludesstartup/advertising/admin/ownercomp/equipment/inventory/travel/taxes/finance/interest/depreciation/amortization; assumedrentforaffiliates’ownedpremises basedonothers’rent.

    Locations counted: not stated in the reviewed record

    Other measures · 77 locations

    Who is counted
    Top25% franchised shops
    Period
    Average gross sales
    Excluded
    Openedless16monthsor temporarilyclosed:61franchise1company; atypical15satellite/nontraditionalnotpreparingonsiteand2companytrainingstores excluded
    Method
    Unaudited/notindependentlyverified; sales excludes taxes tips discounted amounts prepaidgiftcards; sourcecostsnotrecomputed; EBITDA excludesstartup/advertising/admin/ownercomp/equipment/inventory/travel/taxes/finance/interest/depreciation/amortization; assumedrentforaffiliates’ownedpremises basedonothers’rent.

    Locations counted: not stated in the reviewed record

    Other measures · 305 locations

    Who is counted
    Reporting franchised
    Period
    Highest Performing Shop $2,999,501
    Excluded
    Openedless16monthsor temporarilyclosed:61franchise1company; atypical15satellite/nontraditionalnotpreparingonsiteand2companytrainingstores excluded
    Method
    Unaudited/notindependentlyverified; sales excludes taxes tips discounted amounts prepaidgiftcards; sourcecostsnotrecomputed; EBITDA excludesstartup/advertising/admin/ownercomp/equipment/inventory/travel/taxes/finance/interest/depreciation/amortization; assumedrentforaffiliates’ownedpremises basedonothers’rent.

    Locations counted: not stated in the reviewed record

    Other measures · 9 locations

    Who is counted
    Company
    Period
    Number attaining mean
    Excluded
    Openedless16monthsor temporarilyclosed:61franchise1company; atypical15satellite/nontraditionalnotpreparingonsiteand2companytrainingstores excluded
    Method
    Unaudited/notindependentlyverified; sales excludes taxes tips discounted amounts prepaidgiftcards; sourcecostsnotrecomputed; EBITDA excludesstartup/advertising/admin/ownercomp/equipment/inventory/travel/taxes/finance/interest/depreciation/amortization; assumedrentforaffiliates’ownedpremises basedonothers’rent.

    Locations counted: not stated in the reviewed record

    Other measures · 153 locations

    Who is counted
    Top50% franchised shops
    Period
    Reporting shops
    Excluded
    Openedless16monthsor temporarilyclosed:61franchise1company; atypical15satellite/nontraditionalnotpreparingonsiteand2companytrainingstores excluded
    Method
    Unaudited/notindependentlyverified; sales excludes taxes tips discounted amounts prepaidgiftcards; sourcecostsnotrecomputed; EBITDA excludesstartup/advertising/admin/ownercomp/equipment/inventory/travel/taxes/finance/interest/depreciation/amortization; assumedrentforaffiliates’ownedpremises basedonothers’rent.

    Locations counted: not stated in the reviewed record

    Other measures · 152 locations

    Who is counted
    Bottom50% franchised shops
    Period
    Reporting shops
    Excluded
    Openedless16monthsor temporarilyclosed:61franchise1company; atypical15satellite/nontraditionalnotpreparingonsiteand2companytrainingstores excluded
    Method
    Unaudited/notindependentlyverified; sales excludes taxes tips discounted amounts prepaidgiftcards; sourcecostsnotrecomputed; EBITDA excludesstartup/advertising/admin/ownercomp/equipment/inventory/travel/taxes/finance/interest/depreciation/amortization; assumedrentforaffiliates’ownedpremises basedonothers’rent.

    Locations counted: not stated in the reviewed record

    Other measures · 76 locations

    Who is counted
    Bottom25% franchised shops
    Period
    Average gross sales
    Excluded
    Openedless16monthsor temporarilyclosed:61franchise1company; atypical15satellite/nontraditionalnotpreparingonsiteand2companytrainingstores excluded
    Method
    Unaudited/notindependentlyverified; sales excludes taxes tips discounted amounts prepaidgiftcards; sourcecostsnotrecomputed; EBITDA excludesstartup/advertising/admin/ownercomp/equipment/inventory/travel/taxes/finance/interest/depreciation/amortization; assumedrentforaffiliates’ownedpremises basedonothers’rent.

    Locations counted: not stated in the reviewed record

    Other measures

    Who is counted
    Total franchised
    Excluded
    Openedless16monthsor temporarilyclosed:61franchise1company; atypical15satellite/nontraditionalnotpreparingonsiteand2companytrainingstores excluded
    Method
    Unaudited/notindependentlyverified; sales excludes taxes tips discounted amounts prepaidgiftcards; sourcecostsnotrecomputed; EBITDA excludesstartup/advertising/admin/ownercomp/equipment/inventory/travel/taxes/finance/interest/depreciation/amortization; assumedrentforaffiliates’ownedpremises basedonothers’rent.

    Locations counted: not stated in the reviewed record

    Other measures

    Who is counted
    Reporting company
    Excluded
    Openedless16monthsor temporarilyclosed:61franchise1company; atypical15satellite/nontraditionalnotpreparingonsiteand2companytrainingstores excluded
    Method
    Unaudited/notindependentlyverified; sales excludes taxes tips discounted amounts prepaidgiftcards; sourcecostsnotrecomputed; EBITDA excludesstartup/advertising/admin/ownercomp/equipment/inventory/travel/taxes/finance/interest/depreciation/amortization; assumedrentforaffiliates’ownedpremises basedonothers’rent.

    Locations counted: not stated in the reviewed record

    Other measures

    Who is counted
    Reporting franchised
    Excluded
    Openedless16monthsor temporarilyclosed:61franchise1company; atypical15satellite/nontraditionalnotpreparingonsiteand2companytrainingstores excluded
    Method
    Unaudited/notindependentlyverified; sales excludes taxes tips discounted amounts prepaidgiftcards; sourcecostsnotrecomputed; EBITDA excludesstartup/advertising/admin/ownercomp/equipment/inventory/travel/taxes/finance/interest/depreciation/amortization; assumedrentforaffiliates’ownedpremises basedonothers’rent.

    Locations counted: not stated in the reviewed record

    Other measures

    Who is counted
    New/temporaryclosed company
    Excluded
    Openedless16monthsor temporarilyclosed:61franchise1company; atypical15satellite/nontraditionalnotpreparingonsiteand2companytrainingstores excluded
    Method
    Unaudited/notindependentlyverified; sales excludes taxes tips discounted amounts prepaidgiftcards; sourcecostsnotrecomputed; EBITDA excludesstartup/advertising/admin/ownercomp/equipment/inventory/travel/taxes/finance/interest/depreciation/amortization; assumedrentforaffiliates’ownedpremises basedonothers’rent.

    Locations counted: not stated in the reviewed record

    Other measures

    Who is counted
    Atypical franchised
    Excluded
    Openedless16monthsor temporarilyclosed:61franchise1company; atypical15satellite/nontraditionalnotpreparingonsiteand2companytrainingstores excluded
    Method
    Unaudited/notindependentlyverified; sales excludes taxes tips discounted amounts prepaidgiftcards; sourcecostsnotrecomputed; EBITDA excludesstartup/advertising/admin/ownercomp/equipment/inventory/travel/taxes/finance/interest/depreciation/amortization; assumedrentforaffiliates’ownedpremises basedonothers’rent.

    Locations counted: not stated in the reviewed record

    Other measures

    Who is counted
    Total company
    Excluded
    Openedless16monthsor temporarilyclosed:61franchise1company; atypical15satellite/nontraditionalnotpreparingonsiteand2companytrainingstores excluded
    Method
    Unaudited/notindependentlyverified; sales excludes taxes tips discounted amounts prepaidgiftcards; sourcecostsnotrecomputed; EBITDA excludesstartup/advertising/admin/ownercomp/equipment/inventory/travel/taxes/finance/interest/depreciation/amortization; assumedrentforaffiliates’ownedpremises basedonothers’rent.

    Locations counted: not stated in the reviewed record

    Other measures

    Who is counted
    New/temporaryclosed franchised
    Excluded
    Openedless16monthsor temporarilyclosed:61franchise1company; atypical15satellite/nontraditionalnotpreparingonsiteand2companytrainingstores excluded
    Method
    Unaudited/notindependentlyverified; sales excludes taxes tips discounted amounts prepaidgiftcards; sourcecostsnotrecomputed; EBITDA excludesstartup/advertising/admin/ownercomp/equipment/inventory/travel/taxes/finance/interest/depreciation/amortization; assumedrentforaffiliates’ownedpremises basedonothers’rent.

    Locations counted: not stated in the reviewed record

    Other measures

    Who is counted
    Atypical company
    Excluded
    Openedless16monthsor temporarilyclosed:61franchise1company; atypical15satellite/nontraditionalnotpreparingonsiteand2companytrainingstores excluded
    Method
    Unaudited/notindependentlyverified; sales excludes taxes tips discounted amounts prepaidgiftcards; sourcecostsnotrecomputed; EBITDA excludesstartup/advertising/admin/ownercomp/equipment/inventory/travel/taxes/finance/interest/depreciation/amortization; assumedrentforaffiliates’ownedpremises basedonothers’rent.

    These groups are never combined.

    Outlet Changes — Item 20

    How has the outlet count changed?

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

    2026 FDD · Item 20 · PDF p. 58

    Net +88 outlets, 2023–2025

    0698202373020247862025+32+56

    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 ($62,000 – $516,512) 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 730 to 786 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]Standard initial franchise fee — Item 5 · PDF p. 14
    2. [2]Item 19 — Locations counted not stated in the reviewed record — Reporting company · PDF p. 55; PDF p. 56
    3. [3]Item 19 — Locations counted not stated in the reviewed record — Franchise · PDF p. 56
    4. [4]Item 19 — Locations counted not stated in the reviewed record — Top25% franchised shops · PDF p. 56
    5. [5]Item 19 — Locations counted not stated in the reviewed record — Reporting franchised · PDF p. 56
    6. [6]Item 19 — Locations counted not stated in the reviewed record — Company · PDF p. 56
    7. [7]Item 19 — Locations counted not stated in the reviewed record — Top50% franchised shops · PDF p. 56
    8. [8]Item 19 — Locations counted not stated in the reviewed record — Bottom50% franchised shops · PDF p. 56
    9. [9]Item 19 — Locations counted not stated in the reviewed record — Bottom25% franchised shops · PDF p. 56
    10. [10]Item 19 — Locations counted not stated in the reviewed record — Total franchised · PDF p. 55
    11. [11]Item 19 — Locations counted not stated in the reviewed record — Reporting company · PDF p. 55
    12. [12]Item 19 — Locations counted not stated in the reviewed record — Reporting franchised · PDF p. 55
    13. [13]Item 19 — Locations counted not stated in the reviewed record — New/temporaryclosed company · PDF p. 55
    14. [14]Item 19 — Locations counted not stated in the reviewed record — Atypical franchised · PDF p. 55
    15. [15]Item 19 — Locations counted not stated in the reviewed record — Total company · PDF p. 55
    16. [16]Item 19 — Locations counted not stated in the reviewed record — New/temporaryclosed franchised · PDF p. 55
    17. [17]Item 19 — Locations counted not stated in the reviewed record — Atypical company · PDF p. 55
    18. [18]Outlet counts — Item 20, Table 1 · PDF p. 58

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

    Territory & operations

    457 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
    2025accounts receivable$203
    2025prepaid expensesMore than one value recorded for this year — open the FDD source before comparing$229
    2025deferred commissions and costsMore than one value recorded for this year — open the FDD source before comparing$96
    2025total current assets$1,807
    2025deferred commisions and costs, net of current portion$1,344
    2025intangibles, net$41,125
    2025goodwill, net$64,593
    2025total assets$112,067
    2025accounts payableMore than one value recorded for this year — open the FDD source before comparing$714
    2025deferred franchise feesMore than one value recorded for this year — open the FDD source before comparing$721
    2025total current liabilities$2,653
    2025deferred franchise fees, net of current portion$7,711
    2025total liabilities$11,058
    2025member's equity$101,009
    2025total liabilities and member's equity$112,067
    2025royalty feesMore than one value recorded for this year — open the FDD source before comparing$8,300
    2025marketing cooperativeMore than one value recorded for this year — open the FDD source before comparing$1,433
    2025marketing cooperativeMore than one value recorded for this year — open the FDD source before comparing$1,911
    2025franchise feesMore than one value recorded for this year — open the FDD source before comparing$238
    2025total revenuesMore than one value recorded for this year — open the FDD source before comparing$10,449
    2025operating expenses depreciation and amortizationMore than one value recorded for this year — open the FDD source before comparing$3,965
    2025general and administrativeMore than one value recorded for this year — open the FDD source before comparing$3,814
    2025general and administrativeMore than one value recorded for this year — open the FDD source before comparing$5,400
    2025marketing expensesMore than one value recorded for this year — open the FDD source before comparing$1,468
    2025marketing expensesMore than one value recorded for this year — open the FDD source before comparing$2,822
    2025management feesMore than one value recorded for this year — open the FDD source before comparing$208
    2025management feesMore than one value recorded for this year — open the FDD source before comparing$300
    2025total operating expensesMore than one value recorded for this year — open the FDD source before comparing$9,455
    2025other income other incomeMore than one value recorded for this year — open the FDD source before comparing$4
    2025other income other incomeMore than one value recorded for this year — open the FDD source before comparing$1
    2025state income taxesMore than one value recorded for this year — open the FDD source before comparing-$15
    2025netMore than one value recorded for this year — open the FDD source before comparing-$1,263
    2025netMore than one value recorded for this year — open the FDD source before comparing$1,412
    2025adjustments to reconcile netMore than one value recorded for this year — open the FDD source before comparing$359
    2025amortization of intangiblesMore than one value recorded for this year — open the FDD source before comparing$875
    2025amortization of intangiblesMore than one value recorded for this year — open the FDD source before comparing$81
    2025stock compensationMore than one value recorded for this year — open the FDD source before comparing$52
    2025amortization of carrying amount of operating lease right-of-use assetsMore than one value recorded for this year — open the FDD source before comparing$20
    2025amortization of carrying amount of operating lease right-of-use assetsMore than one value recorded for this year — open the FDD source before comparing$14
    2025changes in operating assets and liabilities accounts receivableMore than one value recorded for this year — open the FDD source before comparing-$97
    2025prepaid expensesMore than one value recorded for this year — open the FDD source before comparing$101
    2025prepaid expensesMore than one value recorded for this year — open the FDD source before comparing-$131
    2025deferred commissions and costsMore than one value recorded for this year — open the FDD source before comparing-$308
    2025accounts payableMore than one value recorded for this year — open the FDD source before comparing$418
    2025accrued expensesMore than one value recorded for this year — open the FDD source before comparing-$631
    2025accrued expensesMore than one value recorded for this year — open the FDD source before comparing-$450
    2025deferred franchise feesMore than one value recorded for this year — open the FDD source before comparing$1,075
    2025lease liabilitiesMore than one value recorded for this year — open the FDD source before comparing-$15
    2025lease liabilitiesMore than one value recorded for this year — open the FDD source before comparing-$14
    2025due from affiliatesMore than one value recorded for this year — open the FDD source before comparing-$1,957
    2025net cash provided by operating activitiesMore than one value recorded for this year — open the FDD source before comparing$168
    2025net cash provided by operating activitiesMore than one value recorded for this year — open the FDD source before comparing$397
    2025purchase of property and equipmentMore than one value recorded for this year — open the FDD source before comparing-$220
    2025net change in cash and cash equivalentsMore than one value recorded for this year — open the FDD source before comparing-$52
    2025purchase of property and equipment in accounts payable and accrued expensesMore than one value recorded for this year — open the FDD source before comparing$556
    2025purchase of property and equipment in accounts payable and accrued expensesMore than one value recorded for this year — open the FDD source before comparing$40
    2025dividend to parent$20,235
    2025successor equity july28 2025 before adjustment$92,805
    2025successor equity july28 2025 adjusted$122,507
    2025successor equity december31 2025$101,009
    2025accrued expensesMore than one value recorded for this year — open the FDD source before comparing$1,186
    2025operating lease liabilities, net of current portion$694
    2025operating expenses depreciation and amortizationMore than one value recorded for this year — open the FDD source before comparing$440
    2025adjustments to reconcile netMore than one value recorded for this year — open the FDD source before comparing$282
    2025operating lease right-of-use assets$721
    2025royalty feesMore than one value recorded for this year — open the FDD source before comparing$6,438
    2025other revenue$11
    2025stock compensationMore than one value recorded for this year — open the FDD source before comparing$52
    2025changes in operating assets and liabilities accounts receivableMore than one value recorded for this year — open the FDD source before comparing$91
    2025current portion of operating lease liabilities$32
    2025franchise feesMore than one value recorded for this year — open the FDD source before comparing$321
    2025total operating expensesMore than one value recorded for this year — open the FDD source before comparing$9,014
    2025state income taxesMore than one value recorded for this year — open the FDD source before comparing-$24
    2025accounts payableMore than one value recorded for this year — open the FDD source before comparing-$199
    2025deferred franchise feesMore than one value recorded for this year — open the FDD source before comparing$364
    2025cash and cash equivalents$1,279
    2025property and equipment, net$2,477
    2025amortization of goodwill$2,808
    2025purchase of property and equipmentMore than one value recorded for this year — open the FDD source before comparing-$240
    2025total revenuesMore than one value recorded for this year — open the FDD source before comparing$8,203
    2025deferred commissions and costsMore than one value recorded for this year — open the FDD source before comparing-$292
    2025due from affiliatesMore than one value recorded for this year — open the FDD source before comparing-$2,030
    2025net change in cash and cash equivalentsMore than one value recorded for this year — open the FDD source before comparing$157
    2025predecessor equity july27 2025$92,805
    2024management fees$575
    2024assets cash and cash equivalents$1,174
    2024due from affiliatesMore than one value recorded for this year — open the FDD source before comparing$16,248
    2024prepaid expensesMore than one value recorded for this year — open the FDD source before comparing$199
    2024deferred commissions and costsMore than one value recorded for this year — open the FDD source before comparing$80
    2024total current assets$17,898
    2024noncurrent assets deferred commissions and costs, net of current portion$760
    2024intangible assets, net$79,944
    2024total noncurrent assets$81,142
    2024assets current liabilities accounts payable$360
    2024accrued expensesMore than one value recorded for this year — open the FDD source before comparing$1,271
    2024deferred franchise feesMore than one value recorded for this year — open the FDD source before comparing$533
    2024current portion of operating lease liabilities$23
    2024noncurrent liabilities deferred franchise fees, net of current portion$6,460
    2024operating lease liabilities, net of current portion$415
    2024total noncurrent liabilities$6,875
    2024total liabilities$9,062
    2024revenues royalty fees$13,796
    2024other revenues$8
    2024operating expenses depreciation and amortization$921
    2024general and administrative$9,075
    2024marketing expenses$4,351
    2024stock compensation$185
    2024income from operations$2,340
    2024other$12
    2024total other income$10
    2024state income taxes-$84
    2024net income$2,266
    2024depreciation expense$781
    2024amortization of intangibles$140
    2024changes in operating assets and liabilities accounts receivable$136
    2024accounts payable-$81
    2024accrued expensesMore than one value recorded for this year — open the FDD source before comparing$373
    2024deferred franchise feesMore than one value recorded for this year — open the FDD source before comparing$2,776
    2024lease liabilities-$29
    2024due from affiliatesMore than one value recorded for this year — open the FDD source before comparing-$5,895
    2024net cash provided by operating activities$283
    2024cash flows from investing activities purchase of property and equipment-$411
    2024net-$338
    2024cash and cash equivalents, end of year$1,174
    2024supplemental cash flow information cash paid for income taxes$84
    2024cash paid for interest$20
    2024predecessor equity december31 2024$91,341
    2024initial recognition of right of use asset and lease liability$439
    2024marketing cooperative$3,199
    2024operating lease right-of-use assets, net$438
    2024total current liabilities$2,187
    2024total operating expenses$15,107
    2024cash flows from financing activities repayment of note payable-$210
    2024accounts receivable, net$197
    2024property and equipment, net$1,363
    2024prepaid expensesMore than one value recorded for this year — open the FDD source before comparing-$69
    2024adjustments to reconcile net income to net cash provided by operating activities interest expense capitalized into note payable$2
    2024deferred commissions and costsMore than one value recorded for this year — open the FDD source before comparing-$334
    2024total assets$100,403
    2024member's equity$91,341
    2024franchise fees$444
    2024total revenues$17,447
    2024interest expense-$2
    2024income before state income taxes$2,350
    2024amortization of the carrying amount of operating lease right-of-use assets$32
    2024cash and cash equivalents, beginning of year$1,512
    2023management fees$420
    2023due from affiliatesMore than one value recorded for this year — open the FDD source before comparing$10,353
    2023deferred commissions and costsMore than one value recorded for this year — open the FDD source before comparing$69
    2023total current assets$12,397
    2023property and equipment, net$1,733
    2023prepaid expensesMore than one value recorded for this year — open the FDD source before comparing-$44
    2023operating lease right-of-use assets, net$31
    2023total noncurrent assets$80,552
    2023total assets$94,682
    2023accrued expensesMore than one value recorded for this year — open the FDD source before comparing$898
    2023deferred franchise feesMore than one value recorded for this year — open the FDD source before comparing$319
    2023current portion of operating lease liabilities$28
    2023total current liabilities$1,894
    2023total noncurrent liabilities$3,898
    2023total liabilities$5,792
    2023revenues royalty fees$12,635
    2023marketing cooperative$763
    2023franchise fees$265
    2023other revenues$10
    2023total revenues$13,673
    2023operating expenses depreciation and amortization$933
    2023marketing expenses$1,618
    2023income from operations$2,975
    2023other-$40
    2023interest expense-$13
    2023total other income-$53
    2023income before state income taxes$2,922
    2023state income taxes-$35
    2023depreciation expense$794
    2023amortization of intangibles$139
    2023amortization of the carrying amount of operating lease right-of-use assets$117
    2023changes in operating assets and liabilities accounts receivable$97
    2023accounts payable$256
    2023deferred franchise feesMore than one value recorded for this year — open the FDD source before comparing$348
    2023due from affiliatesMore than one value recorded for this year — open the FDD source before comparing-$3,125
    2023supplemental cash flow information cash paid for income taxes$35
    2023cash flows from financing activities repayment of note payable-$212
    2023net$1,133
    2023cash and cash equivalents, end of year$1,512
    2023assets cash and cash equivalents$1,512
    2023adjustments to reconcile net income to net cash provided by operating activities interest expense capitalized into note payable$5
    2023deferred commissions and costsMore than one value recorded for this year — open the FDD source before comparing-$262
    2023noncurrent assets deferred commissions and costs, net of current portion$437
    2023member's equity$88,890
    2023total operating expenses$10,698
    2023equity january1 2023$85,913
    2023accounts receivable, net$333
    2023assets current liabilities accounts payable$441
    2023net income$2,887
    2023accrued expensesMore than one value recorded for this year — open the FDD source before comparing$432
    2023lease liabilities-$120
    2023current portion of long-term debt$208
    2023prepaid expensesMore than one value recorded for this year — open the FDD source before comparing$130
    2023noncurrent liabilities deferred franchise fees, net of current portion$3,898
    2023intangible assets, net$80,084
    2023general and administrative$7,637
    2023stock compensation$90
    2023net cash provided by operating activities$1,614
    2023cash flows from investing activities purchase of property and equipment-$269
    2023cash and cash equivalents, beginning of year$379
    2023cash paid for interest$20
    —predecessor net income$1,412
    —predecessor incentive settlement-$535
    —successor dividend to parent-$20,235
    —(loss) income from operationsMore than one value recorded for this year — open the FDD source before comparing-$1,252
    —(loss) income before state income taxesMore than one value recorded for this year — open the FDD source before comparing$1,436
    —(loss) income before state income taxesMore than one value recorded for this year — open the FDD source before comparing-$1,248
    —(loss) income from operationsMore than one value recorded for this year — open the FDD source before comparing$1,435
    —predecessor stock compensation$52
    —successor net loss-$1,263
    —acquisition pushdown$30,237

    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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    At a glance

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