Smoothie King
Franchise research report · reviewed 2026 disclosure data
Researching Smoothie King franchise opportunities? Every figure below is cited to the FDD.
Reviewed sources
- Franchising since
- 1989 Source: franchise.org
- Headquarters
- Dallas, TX United States Source: franchise.org
Smoothie King franchise specializes in nutritional smoothies and health-focused beverages, operating hundreds of locations nationwide with a strong emphasis on
Headline figures
Smoothie King quick facts
- Is Smoothie King a franchise?
- Yes. Smoothie King offers franchises through a Franchise Disclosure Document. At the end of 2025, it reported 2,400 franchised and 84 company-owned outlets (2026 FDD, Item 20, PDF p. 68).
- How much does it cost to open a Smoothie King franchise?
- The Smoothie King Franchise Disclosure Document reports separate estimated initial investments by format: $25,000–$1,278,900 for freestandingdrive-thru initial investment;3months funds;land/sitework excluded — $25000 (2026 FDD, Item 7, PDF p. 24); $5,000–$1,278,900 for freestandingdrive-thru initial investment;3months funds;land/sitework excluded — $5000 (2026 FDD, Item 7, PDF p. 24); $12,000–$1,278,900 for freestandingdrive-thru initial investment;3months funds;land/sitework excluded — $12000 (2026 FDD, Item 7, PDF p. 24); $7,500–$1,278,900 for freestandingdrive-thru initial investment;3months funds;land/sitework excluded — $7500 (2026 FDD, Item 7, PDF p. 24); $3,500–$1,278,900 for freestandingdrive-thru initial investment;3months funds;land/sitework excluded — $3500 (2026 FDD, Item 7, PDF p. 24); $14,700–$1,278,900 for freestandingdrive-thru initial investment;3months funds;land/sitework excluded — $14700 (2026 FDD, Item 7, PDF p. 24); $95,000–$1,278,900 for freestandingdrive-thru initial investment;3months funds;land/sitework excluded — $95000 (2026 FDD, Item 7, PDF p. 24); $28,000–$1,278,900 for freestandingdrive-thru initial investment;3months funds;land/sitework excluded — $28000 (2026 FDD, Item 7, PDF p. 24); $350,000–$1,278,900 for freestandingdrive-thru initial investment;3months funds;land/sitework excluded — $350000 (2026 FDD, Item 7, PDF p. 24); $1,000–$1,278,900 for freestandingdrive-thru initial investment;3months funds;land/sitework excluded — $1000 (2026 FDD, Item 7, PDF p. 24); $15,000–$1,278,900 for freestandingdrive-thru initial investment;3months funds;land/sitework excluded — $15000 (2026 FDD, Item 7, PDF p. 24); $500–$1,278,900 for freestandingdrive-thru initial investment;3months funds;land/sitework excluded — $500 (2026 FDD, Item 7, PDF p. 24); $0–$1,278,900 for freestandingdrive-thru initial investment;3months funds;land/sitework excluded — $0 (2026 FDD, Item 7, PDF p. 24); $25,250–$1,278,900 for freestandingdrive-thru initial investment;3months funds;land/sitework excluded — $25250 (2026 FDD, Item 7, PDF p. 24); $639,950–$1,278,900 for freestandingdrive-thru initial investment;3months funds;land/sitework excluded — $639950 (2026 FDD, Item 7, PDF p. 24). These formats are not combined. Each is the franchisor's disclosed estimate, not a quote. Details
- Does Smoothie King disclose financial performance (Item 19)?
- Yes. The Smoothie King FDD includes an Item 19 financial performance representation (2026 FDD, Item 19, PDF p. 61). Figures apply only to the locations and period each one covers. Details
- How many Smoothie King locations are there?
- The FDD reports 2,484 outlets at the end of 2025 (2026 FDD, Item 20, PDF p. 68). Existing locations do not indicate territory availability. Details
- Is Smoothie King 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
- 1The 2026 FDD (Item 7) estimates opening costs separately by format: $25,000 – $1,278,900 (Freestandingdrive-thru initial investment;3months funds;land/sitework excluded — $25000); $5,000 – $1,278,900 (Freestandingdrive-thru initial investment;3months funds;land/sitework excluded — $5000); $12,000 – $1,278,900 (Freestandingdrive-thru initial investment;3months funds;land/sitework excluded — $12000); $7,500 – $1,278,900 (Freestandingdrive-thru initial investment;3months funds;land/sitework excluded — $7500); $3,500 – $1,278,900 (Freestandingdrive-thru initial investment;3months funds;land/sitework excluded — $3500); $14,700 – $1,278,900 (Freestandingdrive-thru initial investment;3months funds;land/sitework excluded — $14700); $95,000 – $1,278,900 (Freestandingdrive-thru initial investment;3months funds;land/sitework excluded — $95000); $28,000 – $1,278,900 (Freestandingdrive-thru initial investment;3months funds;land/sitework excluded — $28000); $350,000 – $1,278,900 (Freestandingdrive-thru initial investment;3months funds;land/sitework excluded — $350000); $1,000 – $1,278,900 (Freestandingdrive-thru initial investment;3months funds;land/sitework excluded — $1000); $15,000 – $1,278,900 (Freestandingdrive-thru initial investment;3months funds;land/sitework excluded — $15000); $500 – $1,278,900 (Freestandingdrive-thru initial investment;3months funds;land/sitework excluded — $500); $0 – $1,278,900 (Freestandingdrive-thru initial investment;3months funds;land/sitework excluded — $0); $25,250 – $1,278,900 (Freestandingdrive-thru initial investment;3months funds;land/sitework excluded — $25250); $639,950 – $1,278,900 (Freestandingdrive-thru initial investment;3months funds;land/sitework excluded — $639950); several initial fee options apply.
- 2Item 19 covers 40 separate groups: revenue for 544 Franchised US only locations; revenue and other measures for 1,087 Franchised US only units; other measures for 1,087 Franchised only locations; revenue for 272 Franchised US only locations; revenue for 109 Franchised US only locations; revenue for 815 Franchised US only locations; revenue for 815 Franchised US only locations; revenue for 272 Franchised US only locations; revenue for 109 Franchised US only locations; revenue for 544 Franchised US only locations; revenue for 770 Franchised US only locations; revenue for 513 Franchised US only locations; other measures and revenue for 1,026 Franchised US only units; revenue for 103 Franchised US only locations; revenue for 513 Franchised US only locations; revenue for 257 Franchised US only locations; revenue for 257 Franchised US only locations; revenue for 770 Franchised US only locations; revenue for 103 Franchised US only locations; revenue for 243 Franchised US only locations; revenue for 243 Franchised US only locations; revenue for 485 Franchised US only locations; revenue for 728 Franchised US only locations; revenue for 97 Franchised US only locations; revenue and other measures for 970 Franchised US only units; revenue for 97 Franchised US only locations; revenue for 728 Franchised US only locations; revenue for 485 Franchised US only locations; other measures for 880 Franchised only locations; other measures for 924 Franchised only locations; other measures for 827 Franchised only locations; other measures for 738 Franchised only locations; other measures for 970 Franchised only locations; other measures for 806 Franchised only locations; other measures for 660 Franchised only locations; other measures for 585 Franchised only locations; other measures for 1,026 Franchised only locations; other measures for 1,087 Franchised US only locations; other measures for 1,026 Franchised US only locations; other measures for 970 Franchised US only locations. They are not combined.
- 3Outlets grew by 82 in 2025, to 2,484 (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 15 single-unit formats
2026 FDD · Item 7
Formats disclosed in Item 7 (15)
Each format has its own total. The total depends on the format you choose.
- Freestandingdrive-thru initial investment;3months funds;land/sitework excluded — $0PDF p. 24$0 – $1,278,900
- Freestandingdrive-thru initial investment;3months funds;land/sitework excluded — $500PDF p. 24$500 – $1,278,900
- Freestandingdrive-thru initial investment;3months funds;land/sitework excluded — $1000PDF p. 24$1,000 – $1,278,900
- Freestandingdrive-thru initial investment;3months funds;land/sitework excluded — $3500PDF p. 24$3,500 – $1,278,900
- Freestandingdrive-thru initial investment;3months funds;land/sitework excluded — $5000PDF p. 24$5,000 – $1,278,900
- Freestandingdrive-thru initial investment;3months funds;land/sitework excluded — $7500PDF p. 24$7,500 – $1,278,900
- Freestandingdrive-thru initial investment;3months funds;land/sitework excluded — $12000PDF p. 24$12,000 – $1,278,900
- Freestandingdrive-thru initial investment;3months funds;land/sitework excluded — $14700PDF p. 24$14,700 – $1,278,900
- Freestandingdrive-thru initial investment;3months funds;land/sitework excluded — $15000PDF p. 24$15,000 – $1,278,900
- Freestandingdrive-thru initial investment;3months funds;land/sitework excluded — $25000PDF p. 24$25,000 – $1,278,900
- Freestandingdrive-thru initial investment;3months funds;land/sitework excluded — $25250PDF p. 24$25,250 – $1,278,900
- Freestandingdrive-thru initial investment;3months funds;land/sitework excluded — $28000PDF p. 24$28,000 – $1,278,900
- Freestandingdrive-thru initial investment;3months funds;land/sitework excluded — $95000PDF p. 24$95,000 – $1,278,900
- Freestandingdrive-thru initial investment;3months funds;land/sitework excluded — $350000PDF p. 24$350,000 – $1,278,900
- Freestandingdrive-thru initial investment;3months funds;land/sitework excluded — $639950PDF p. 24$639,950 – $1,278,900
Ongoing Fees — Item 6
Selected recurring charges; payment bases and conditions remain attached to each fee.
70 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?
40 separate populations, shown apart. Revenue is not owner income.
Locations counted: not stated in the reviewed record
Revenue · 544 locations
- Who is counted
- Top 50percent cumulative net-sales segment
- Excluded
- From1242yearend units1200franchise/42company;1116franchise40company13months;33permanentclosuresoutsideyearend;29franchiseexcluded. Company/non-daily/>8weekclosure/nonrequiredPOS omitted.
- Method
- Unaudited reported results; net sales excludes taxes,returns/allowances/discounts.13months eligibility/12months sales; overlaps preserved.
Locations counted: not stated in the reviewed record
Revenue and other measures · 1,087 locations
- Who is counted
- All 1087 units
- Excluded
- From1242yearend units1200franchise/42company;1116franchise40company13months;33permanentclosuresoutsideyearend;29franchiseexcluded. Company/non-daily/>8weekclosure/nonrequiredPOS omitted.
- Method
- Unaudited reported results; net sales excludes taxes,returns/allowances/discounts.13months eligibility/12months sales; overlaps preserved.
Locations counted: not stated in the reviewed record
Other measures · 1,087 locations
- Who is counted
- Comparable-period same-store franchised units
- Excluded
- Companyunits,non-daily and8week-or-moreclosures excluded.
- Method
- Partialyears included for matchingperiods;2015–18calendar;2019on5-4-4fiscal. Stated average/median percentageincrease.
Locations counted: not stated in the reviewed record
Revenue · 272 locations
- Who is counted
- Top 25percent cumulative net-sales segment
- Excluded
- From1242yearend units1200franchise/42company;1116franchise40company13months;33permanentclosuresoutsideyearend;29franchiseexcluded. Company/non-daily/>8weekclosure/nonrequiredPOS omitted.
- Method
- Unaudited reported results; net sales excludes taxes,returns/allowances/discounts.13months eligibility/12months sales; overlaps preserved.
Locations counted: not stated in the reviewed record
Revenue · 109 locations
- Who is counted
- Top 10percent cumulative net-sales segment
- Excluded
- From1242yearend units1200franchise/42company;1116franchise40company13months;33permanentclosuresoutsideyearend;29franchiseexcluded. Company/non-daily/>8weekclosure/nonrequiredPOS omitted.
- Method
- Unaudited reported results; net sales excludes taxes,returns/allowances/discounts.13months eligibility/12months sales; overlaps preserved.
Locations counted: not stated in the reviewed record
Revenue · 815 locations
- Who is counted
- Top 75percent cumulative net-sales segment
- Excluded
- From1242yearend units1200franchise/42company;1116franchise40company13months;33permanentclosuresoutsideyearend;29franchiseexcluded. Company/non-daily/>8weekclosure/nonrequiredPOS omitted.
- Method
- Unaudited reported results; net sales excludes taxes,returns/allowances/discounts.13months eligibility/12months sales; overlaps preserved.
Locations counted: not stated in the reviewed record
Revenue · 815 locations
- Who is counted
- Bottom 75percent cumulative net-sales segment
- Excluded
- From1242yearend units1200franchise/42company;1116franchise40company13months;33permanentclosuresoutsideyearend;29franchiseexcluded. Company/non-daily/>8weekclosure/nonrequiredPOS omitted.
- Method
- Unaudited reported results; net sales excludes taxes,returns/allowances/discounts.13months eligibility/12months sales; overlaps preserved.
Locations counted: not stated in the reviewed record
Revenue · 272 locations
- Who is counted
- Bottom 25percent cumulative net-sales segment
- Excluded
- From1242yearend units1200franchise/42company;1116franchise40company13months;33permanentclosuresoutsideyearend;29franchiseexcluded. Company/non-daily/>8weekclosure/nonrequiredPOS omitted.
- Method
- Unaudited reported results; net sales excludes taxes,returns/allowances/discounts.13months eligibility/12months sales; overlaps preserved.
Locations counted: not stated in the reviewed record
Revenue · 109 locations
- Who is counted
- Bottom 10percent cumulative net-sales segment
- Excluded
- From1242yearend units1200franchise/42company;1116franchise40company13months;33permanentclosuresoutsideyearend;29franchiseexcluded. Company/non-daily/>8weekclosure/nonrequiredPOS omitted.
- Method
- Unaudited reported results; net sales excludes taxes,returns/allowances/discounts.13months eligibility/12months sales; overlaps preserved.
Locations counted: not stated in the reviewed record
Revenue · 544 locations
- Who is counted
- Bottom 50percent cumulative net-sales segment
- Excluded
- From1242yearend units1200franchise/42company;1116franchise40company13months;33permanentclosuresoutsideyearend;29franchiseexcluded. Company/non-daily/>8weekclosure/nonrequiredPOS omitted.
- Method
- Unaudited reported results; net sales excludes taxes,returns/allowances/discounts.13months eligibility/12months sales; overlaps preserved.
Locations counted: not stated in the reviewed record
Revenue · 770 locations
- Who is counted
- Top 75percent cumulative net-sales segment
- Excluded
- From1201yearend units1149franchise52company;1060franchise48company13months;35permanentclosuresoutsideyearend;34franchiseexcluded including2nonapprovedproducts. Company/non-daily/>8weekclosure/nonrequiredPOS omitted.
- Method
- Unaudited reported results; net sales excludes taxes,returns/allowances/discounts.13months eligibility/12months sales; overlaps preserved.
Locations counted: not stated in the reviewed record
Revenue · 513 locations
- Who is counted
- Top 50percent cumulative net-sales segment
- Excluded
- From1201yearend units1149franchise52company;1060franchise48company13months;35permanentclosuresoutsideyearend;34franchiseexcluded including2nonapprovedproducts. Company/non-daily/>8weekclosure/nonrequiredPOS omitted.
- Method
- Unaudited reported results; net sales excludes taxes,returns/allowances/discounts.13months eligibility/12months sales; overlaps preserved.
Locations counted: not stated in the reviewed record
Revenue and other measures · 1,026 locations
- Who is counted
- All 1026 units
- Excluded
- From1201yearend units1149franchise52company;1060franchise48company13months;35permanentclosuresoutsideyearend;34franchiseexcluded including2nonapprovedproducts. Company/non-daily/>8weekclosure/nonrequiredPOS omitted.
- Method
- Unaudited reported results; net sales excludes taxes,returns/allowances/discounts.13months eligibility/12months sales; overlaps preserved.
Locations counted: not stated in the reviewed record
Revenue · 103 locations
- Who is counted
- Top 10percent cumulative net-sales segment
- Excluded
- From1201yearend units1149franchise52company;1060franchise48company13months;35permanentclosuresoutsideyearend;34franchiseexcluded including2nonapprovedproducts. Company-operated; non-daily, >8weekclosures, nonrequiredPOS excluded.
- Method
- Unaudited franchise reports; net sales excludes excise/sales taxes,returns,allowances,discounts.13consecutivemonth eligibility;12monthsales. Overlappingsegments kept separate.
Locations counted: not stated in the reviewed record
Revenue · 513 locations
- Who is counted
- Bottom 50percent cumulative net-sales segment
- Excluded
- From1201yearend units1149franchise52company;1060franchise48company13months;35permanentclosuresoutsideyearend;34franchiseexcluded including2nonapprovedproducts. Company/non-daily/>8weekclosure/nonrequiredPOS omitted.
- Method
- Unaudited reported results; net sales excludes taxes,returns/allowances/discounts.13months eligibility/12months sales; overlaps preserved.
Locations counted: not stated in the reviewed record
Revenue · 257 locations
- Who is counted
- Top 25percent cumulative net-sales segment
- Excluded
- From1201yearend units1149franchise52company;1060franchise48company13months;35permanentclosuresoutsideyearend;34franchiseexcluded including2nonapprovedproducts. Company/non-daily/>8weekclosure/nonrequiredPOS omitted.
- Method
- Unaudited reported results; net sales excludes taxes,returns/allowances/discounts.13months eligibility/12months sales; overlaps preserved.
Locations counted: not stated in the reviewed record
Revenue · 257 locations
- Who is counted
- Bottom 25percent cumulative net-sales segment
- Excluded
- From1201yearend units1149franchise52company;1060franchise48company13months;35permanentclosuresoutsideyearend;34franchiseexcluded including2nonapprovedproducts. Company/non-daily/>8weekclosure/nonrequiredPOS omitted.
- Method
- Unaudited reported results; net sales excludes taxes,returns/allowances/discounts.13months eligibility/12months sales; overlaps preserved.
Locations counted: not stated in the reviewed record
Revenue · 770 locations
- Who is counted
- Bottom 75percent cumulative net-sales segment
- Excluded
- From1201yearend units1149franchise52company;1060franchise48company13months;35permanentclosuresoutsideyearend;34franchiseexcluded including2nonapprovedproducts. Company-operated; non-daily, >8weekclosures, nonrequiredPOS excluded.
- Method
- Unaudited franchise reports; net sales excludes excise/sales taxes,returns,allowances,discounts.13consecutivemonth eligibility;12monthsales. Overlappingsegments kept separate.
Locations counted: not stated in the reviewed record
Revenue · 103 locations
- Who is counted
- Bottom 10percent cumulative net-sales segment
- Excluded
- From1201yearend units1149franchise52company;1060franchise48company13months;35permanentclosuresoutsideyearend;34franchiseexcluded including2nonapprovedproducts. Company/non-daily/>8weekclosure/nonrequiredPOS omitted.
- Method
- Unaudited reported results; net sales excludes taxes,returns/allowances/discounts.13months eligibility/12months sales; overlaps preserved.
Locations counted: not stated in the reviewed record
Revenue · 243 locations
- Who is counted
- Top 25percent cumulative net-sales segment
- Excluded
- From1152yearend units1093franchise59company;1009franchise58company13months;32permanentclosuresoutsideyearend;39franchiseexcluded including2nonapprovedproducts. Company/non-daily/>8weekclosure/nonrequiredPOS omitted.
- Method
- Unaudited reported results; net sales excludes taxes,returns/allowances/discounts.13months eligibility/12months sales; overlaps preserved.
Locations counted: not stated in the reviewed record
Revenue · 243 locations
- Who is counted
- Bottom 25percent cumulative net-sales segment
- Excluded
- From1152yearend units1093franchise59company;1009franchise58company13months;32permanentclosuresoutsideyearend;39franchiseexcluded including2nonapprovedproducts. Company-operated; non-daily, >8weekclosures, nonrequiredPOS excluded.
- Method
- Unaudited franchise reports; net sales excludes excise/sales taxes,returns,allowances,discounts.13consecutivemonth eligibility;12monthsales. Overlappingsegments kept separate.
Locations counted: not stated in the reviewed record
Revenue · 485 locations
- Who is counted
- Top 50percent cumulative net-sales segment
- Excluded
- From1152yearend units1093franchise59company;1009franchise58company13months;32permanentclosuresoutsideyearend;39franchiseexcluded including2nonapprovedproducts. Company/non-daily/>8weekclosure/nonrequiredPOS omitted.
- Method
- Unaudited reported results; net sales excludes taxes,returns/allowances/discounts.13months eligibility/12months sales; overlaps preserved.
Locations counted: not stated in the reviewed record
Revenue · 728 locations
- Who is counted
- Top 75percent cumulative net-sales segment
- Excluded
- From1152yearend units1093franchise59company;1009franchise58company13months;32permanentclosuresoutsideyearend;39franchiseexcluded including2nonapprovedproducts. Company/non-daily/>8weekclosure/nonrequiredPOS omitted.
- Method
- Unaudited reported results; net sales excludes taxes,returns/allowances/discounts.13months eligibility/12months sales; overlaps preserved.
Locations counted: not stated in the reviewed record
Revenue · 97 locations
- Who is counted
- Top 10percent cumulative net-sales segment
- Excluded
- From1152yearend units1093franchise59company;1009franchise58company13months;32permanentclosuresoutsideyearend;39franchiseexcluded including2nonapprovedproducts. Company/non-daily/>8weekclosure/nonrequiredPOS omitted.
- Method
- Unaudited reported results; net sales excludes taxes,returns/allowances/discounts.13months eligibility/12months sales; overlaps preserved.
Locations counted: not stated in the reviewed record
Revenue and other measures · 970 locations
- Who is counted
- All 970 units
- Excluded
- From1152yearend units1093franchise59company;1009franchise58company13months;32permanentclosuresoutsideyearend;39franchiseexcluded including2nonapprovedproducts. Company/non-daily/>8weekclosure/nonrequiredPOS omitted.
- Method
- Unaudited reported results; net sales excludes taxes,returns/allowances/discounts.13months eligibility/12months sales; overlaps preserved.
Locations counted: not stated in the reviewed record
Revenue · 97 locations
- Who is counted
- Bottom 10percent cumulative net-sales segment
- Excluded
- From1152yearend units1093franchise59company;1009franchise58company13months;32permanentclosuresoutsideyearend;39franchiseexcluded including2nonapprovedproducts. Company-operated; non-daily, >8weekclosures, nonrequiredPOS excluded.
- Method
- Unaudited franchise reports; net sales excludes excise/sales taxes,returns,allowances,discounts.13consecutivemonth eligibility;12monthsales. Overlappingsegments kept separate.
Locations counted: not stated in the reviewed record
Revenue · 728 locations
- Who is counted
- Bottom 75percent cumulative net-sales segment
- Excluded
- From1152yearend units1093franchise59company;1009franchise58company13months;32permanentclosuresoutsideyearend;39franchiseexcluded including2nonapprovedproducts. Company/non-daily/>8weekclosure/nonrequiredPOS omitted.
- Method
- Unaudited reported results; net sales excludes taxes,returns/allowances/discounts.13months eligibility/12months sales; overlaps preserved.
Locations counted: not stated in the reviewed record
Revenue · 485 locations
- Who is counted
- Bottom 50percent cumulative net-sales segment
- Excluded
- From1152yearend units1093franchise59company;1009franchise58company13months;32permanentclosuresoutsideyearend;39franchiseexcluded including2nonapprovedproducts. Company/non-daily/>8weekclosure/nonrequiredPOS omitted.
- Method
- Unaudited reported results; net sales excludes taxes,returns/allowances/discounts.13months eligibility/12months sales; overlaps preserved.
Locations counted: not stated in the reviewed record
Other measures · 880 locations
- Who is counted
- Comparable-period same-store franchised units
- Excluded
- Companyunits,non-daily and8week-or-moreclosures excluded.
- Method
- Partialyears included for matchingperiods;2015–18calendar;2019on5-4-4fiscal. Stated average/median percentageincrease.
Locations counted: not stated in the reviewed record
Other measures · 924 locations
- Who is counted
- Comparable-period same-store franchised units
- Excluded
- Companyunits,non-daily and8week-or-moreclosures excluded.
- Method
- Partialyears included for matchingperiods;2015–18calendar;2019on5-4-4fiscal. Stated average/median percentageincrease.
Locations counted: not stated in the reviewed record
Other measures · 827 locations
- Who is counted
- Comparable-period same-store franchised units
- Excluded
- Companyunits,non-daily and8week-or-moreclosures excluded.
- Method
- Partialyears included for matchingperiods;2015–18calendar;2019on5-4-4fiscal. Stated average/median percentageincrease.
Locations counted: not stated in the reviewed record
Other measures · 738 locations
- Who is counted
- Comparable-period same-store franchised units
- Excluded
- Companyunits,non-daily and8week-or-moreclosures excluded.
- Method
- Partialyears included for matchingperiods;2015–18calendar;2019on5-4-4fiscal. Stated average/median percentageincrease.
Locations counted: not stated in the reviewed record
Other measures · 970 locations
- Who is counted
- Comparable-period same-store franchised units
- Excluded
- Companyunits,non-daily and8week-or-moreclosures excluded.
- Method
- Partialyears included for matchingperiods;2015–18calendar;2019on5-4-4fiscal. Stated average/median percentageincrease.
Locations counted: not stated in the reviewed record
Other measures · 806 locations
- Who is counted
- Comparable-period same-store franchised units
- Excluded
- Companyunits,non-daily and8week-or-moreclosures excluded.
- Method
- Partialyears included for matchingperiods;2015–18calendar;2019on5-4-4fiscal. Stated average/median percentageincrease.
Locations counted: not stated in the reviewed record
Other measures · 660 locations
- Who is counted
- Comparable-period same-store franchised units
- Excluded
- Companyunits,non-daily and8week-or-moreclosures excluded.
- Method
- Partialyears included for matchingperiods;2015–18calendar;2019on5-4-4fiscal. Stated average/median percentageincrease.
Locations counted: not stated in the reviewed record
Other measures · 585 locations
- Who is counted
- Comparable-period same-store franchised units
- Excluded
- Companyunits,non-daily and8week-or-moreclosures excluded.
- Method
- Partialyears included for matchingperiods;2015–18calendar;2019on5-4-4fiscal. Stated average/median percentageincrease.
Locations counted: not stated in the reviewed record
Other measures · 1,026 locations
- Who is counted
- Comparable-period same-store franchised units
- Excluded
- Companyunits,non-daily and8week-or-moreclosures excluded.
- Method
- Partialyears included for matchingperiods;2015–18calendar;2019on5-4-4fiscal. Stated average/median percentageincrease.
Locations counted: not stated in the reviewed record
Other measures · 1,087 locations
- Who is counted
- TOTAL (ALL) franchised USA Units open during the full 13-month period
- Excluded
- From1242yearend units1200franchise/42company;1116franchise40company13months;33permanentclosuresoutsideyearend;29franchiseexcluded. Company-operated; non-daily, >8weekclosures, nonrequiredPOS excluded.
- Method
- Unaudited franchise reports; net sales excludes excise/sales taxes,returns,allowances,discounts.13consecutivemonth eligibility;12monthsales. Overlappingsegments kept separate.
Locations counted: not stated in the reviewed record
Other measures · 1,026 locations
- Who is counted
- TOTAL (ALL) 2024 franchised USA Units open during the full 13-month period
- Excluded
- From1201yearend units1149franchise52company;1060franchise48company13months;35permanentclosuresoutsideyearend;34franchiseexcluded including2nonapprovedproducts. Company-operated; non-daily, >8weekclosures, nonrequiredPOS excluded.
- Method
- Unaudited franchise reports; net sales excludes excise/sales taxes,returns,allowances,discounts.13consecutivemonth eligibility;12monthsales. Overlappingsegments kept separate.
Locations counted: not stated in the reviewed record
Other measures · 970 locations
- Who is counted
- TOTAL (ALL) franchised USA Units open during the full 13-month period
- Excluded
- From1152yearend units1093franchise59company;1009franchise58company13months;32permanentclosuresoutsideyearend;39franchiseexcluded including2nonapprovedproducts. Company-operated; non-daily, >8weekclosures, nonrequiredPOS excluded.
- Method
- Unaudited franchise reports; net sales excludes excise/sales taxes,returns,allowances,discounts.13consecutivemonth eligibility;12monthsales. Overlappingsegments kept separate.
These groups are never combined.
Outlet Changes — Item 20
How has the outlet count changed?
United States, as labeled in the FDD · counts as of 2025 of each year.
2026 FDD · Item 20 · PDF p. 68
Net +180 outlets, 2023–2025
Year-end counts reported in Item 20. The scale starts at zero, so the line looks nearly flat; the labels between the dots show each year's change. Openings and closures for 2025 haven't been pulled from the Item 20 tables yet, so no turnover or churn is shown.
Questions to investigate
Prompts based on what this brand's reviewed disclosures do and don't show — not conclusions. Join free as a member to save questions to your research.
For the franchisor
Which line items in the 2026 Item 7 estimate ($0 – $1,278,900) 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 2,402 to 2,484 in 2025. How many new units opened, closed or changed hands?
Is a territory available in my area, and how is it defined in my agreement?
For current and former owners
How did your actual startup costs and timeline compare with the Item 7 estimate?
How many hours a week do you work in the business, and in what role?
How do your results compare with the Item 19 figures, and what explains the difference?
What support from the franchisor has been most and least useful?
For your advisors
Ask a franchise attorney to review the territory, renewal, transfer and termination terms.
Ask an accountant to build a cash-flow plan using your own assumptions, not the franchisor's.
Sources & vintage history
Every displayed fact is retained with its disclosure vintage, item, page, and reviewed status. Prior vintages remain on file rather than being overwritten.
Citations (2026 FDD)
- [1]Item 19 — Locations counted not stated in the reviewed record — Top 50percent cumulative net-sales segment · PDF p. 61
- [2]Item 19 — Locations counted not stated in the reviewed record — All 1087 units · PDF p. 61
- [3]Item 19 — Locations counted not stated in the reviewed record — Comparable-period same-store franchised units · PDF p. 66
- [4]Item 19 — Locations counted not stated in the reviewed record — Top 25percent cumulative net-sales segment · PDF p. 61
- [5]Item 19 — Locations counted not stated in the reviewed record — Top 10percent cumulative net-sales segment · PDF p. 61
- [6]Item 19 — Locations counted not stated in the reviewed record — Top 75percent cumulative net-sales segment · PDF p. 61
- [7]Item 19 — Locations counted not stated in the reviewed record — Bottom 75percent cumulative net-sales segment · PDF p. 61
- [8]Item 19 — Locations counted not stated in the reviewed record — Bottom 25percent cumulative net-sales segment · PDF p. 61
- [9]Item 19 — Locations counted not stated in the reviewed record — Bottom 10percent cumulative net-sales segment · PDF p. 61
- [10]Item 19 — Locations counted not stated in the reviewed record — Bottom 50percent cumulative net-sales segment · PDF p. 61
- [11]Item 19 — Locations counted not stated in the reviewed record — Top 75percent cumulative net-sales segment · PDF p. 63
- [12]Item 19 — Locations counted not stated in the reviewed record — Top 50percent cumulative net-sales segment · PDF p. 63
- [13]Item 19 — Locations counted not stated in the reviewed record — All 1026 units · PDF p. 63
- [14]Item 19 — Locations counted not stated in the reviewed record — Top 10percent cumulative net-sales segment · PDF p. 63
- [15]Item 19 — Locations counted not stated in the reviewed record — Bottom 50percent cumulative net-sales segment · PDF p. 63
- [16]Item 19 — Locations counted not stated in the reviewed record — Top 25percent cumulative net-sales segment · PDF p. 63
- [17]Item 19 — Locations counted not stated in the reviewed record — Bottom 25percent cumulative net-sales segment · PDF p. 63
- [18]Item 19 — Locations counted not stated in the reviewed record — Bottom 75percent cumulative net-sales segment · PDF p. 63
- [19]Item 19 — Locations counted not stated in the reviewed record — Bottom 10percent cumulative net-sales segment · PDF p. 63
- [20]Item 19 — Locations counted not stated in the reviewed record — Top 25percent cumulative net-sales segment · PDF p. 65
- [21]Item 19 — Locations counted not stated in the reviewed record — Bottom 25percent cumulative net-sales segment · PDF p. 65
- [22]Item 19 — Locations counted not stated in the reviewed record — Top 50percent cumulative net-sales segment · PDF p. 65
- [23]Item 19 — Locations counted not stated in the reviewed record — Top 75percent cumulative net-sales segment · PDF p. 65
- [24]Item 19 — Locations counted not stated in the reviewed record — Top 10percent cumulative net-sales segment · PDF p. 65
- [25]Item 19 — Locations counted not stated in the reviewed record — All 970 units · PDF p. 65
- [26]Item 19 — Locations counted not stated in the reviewed record — Bottom 10percent cumulative net-sales segment · PDF p. 65
- [27]Item 19 — Locations counted not stated in the reviewed record — Bottom 75percent cumulative net-sales segment · PDF p. 65
- [28]Item 19 — Locations counted not stated in the reviewed record — Bottom 50percent cumulative net-sales segment · PDF p. 65
- [29]Item 19 — Locations counted not stated in the reviewed record — Comparable-period same-store franchised units · PDF p. 66
- [30]Item 19 — Locations counted not stated in the reviewed record — Comparable-period same-store franchised units · PDF p. 66
- [31]Item 19 — Locations counted not stated in the reviewed record — Comparable-period same-store franchised units · PDF p. 66
- [32]Item 19 — Locations counted not stated in the reviewed record — Comparable-period same-store franchised units · PDF p. 66
- [33]Item 19 — Locations counted not stated in the reviewed record — Comparable-period same-store franchised units · PDF p. 66
- [34]Item 19 — Locations counted not stated in the reviewed record — Comparable-period same-store franchised units · PDF p. 66
- [35]Item 19 — Locations counted not stated in the reviewed record — Comparable-period same-store franchised units · PDF p. 66
- [36]Item 19 — Locations counted not stated in the reviewed record — Comparable-period same-store franchised units · PDF p. 66
- [37]Item 19 — Locations counted not stated in the reviewed record — Comparable-period same-store franchised units · PDF p. 66
- [38]Item 19 — Locations counted not stated in the reviewed record — TOTAL (ALL) franchised USA Units open during the full 13-month period · PDF p. 61
- [39]Item 19 — Locations counted not stated in the reviewed record — TOTAL (ALL) 2024 franchised USA Units open during the full 13-month period · PDF p. 63
- [40]Item 19 — Locations counted not stated in the reviewed record — TOTAL (ALL) franchised USA Units open during the full 13-month period · PDF p. 65
- [41]Outlet counts — Item 20, Table 1 · PDF p. 68
"PDF p." is the page in the PDF file; "printed p." is the number printed on the FDD page. Source document: FDD
Territory & operations
1,312 addresses in Franopolis's imported location list. Coverage may differ from Item 20 outlet counts.
These are contract disclosures, not confirmation that any territory is currently available.
Legal & agreement
Franchisor financial statements
| Fiscal year | Measure | Reported value |
|---|---|---|
| 2025 | restricted cash | $6,295 |
| 2025 | due from affiliates | $373 |
| 2025 | prepaid and other current assetsMore than one value recorded for this year — open the FDD source before comparing | $2,001 |
| 2025 | property and equipment, net | $3,583 |
| 2025 | franchise agreements, net | $1,492 |
| 2025 | right of use assetsMore than one value recorded for this year — open the FDD source before comparing | $946 |
| 2025 | other assets | $1,103 |
| 2025 | accounts payable | $610 |
| 2025 | accrued expenses | $14,494 |
| 2025 | other current liabilities | $4,342 |
| 2025 | income taxes payable | $4,618 |
| 2025 | deferred franchise revenue long term | $16,700 |
| 2025 | operating lease liabilities | $856 |
| 2025 | deferred income taxes, net | $3,474 |
| 2025 | additional paid-in capital | $49,015 |
| 2025 | receivables from affiliates, net | -$122,751 |
| 2025 | other revenues | $14,500 |
| 2025 | operating income | $17,239 |
| 2025 | interest income | $220 |
| 2025 | other income | $211 |
| 2025 | income before income taxes | $17,670 |
| 2025 | income tax expense | $2,825 |
| 2025 | net income | $14,845 |
| 2025 | stock compensation expense | $1,105 |
| 2025 | accounts payable and other liabilities | $596 |
| 2025 | lease liability | -$410 |
| 2025 | net cash provided by operating activities | $19,961 |
| 2025 | net cash used in investing activities | -$1,588 |
| 2025 | net cash used in financing activities | -$14,632 |
| 2025 | operating cash flows used in operat ing leases | $500 |
| 2025 | cash and cash equivalents | $12,426 |
| 2025 | goodwill | $18,739 |
| 2025 | retained earnings | $114,309 |
| 2025 | receivablesMore than one value recorded for this year — open the FDD source before comparing | $10,009 |
| 2025 | deferred income taxes | -$234 |
| 2025 | general and administrative | $47,272 |
| 2025 | prepaid and other current assetsMore than one value recorded for this year — open the FDD source before comparing | $862 |
| 2025 | right of use assetsMore than one value recorded for this year — open the FDD source before comparing | $264 |
| 2025 | income tax receivable / | $2,188 |
| 2025 | receivablesMore than one value recorded for this year — open the FDD source before comparing | -$907 |
| 2025 | exercise of vested stock options | -$8,279 |
| 2024 | cash and cash equivalents | $9,498 |
| 2024 | restricted cash | $5,482 |
| 2024 | due from affiliates | $738 |
| 2024 | prepaid and other current assetsMore than one value recorded for this year — open the FDD source before comparing | $2,403 |
| 2024 | property and equipment, net | $3,239 |
| 2024 | goodwill | $18,739 |
| 2024 | other assets | $1,110 |
| 2024 | accounts payable | $1,249 |
| 2024 | other current liabilities | $4,301 |
| 2024 | income taxes payable | $2,430 |
| 2024 | deferred franchise revenue long term | $17,487 |
| 2024 | deferred income taxes, net | $3,708 |
| 2024 | additional paid-in capital | $49,015 |
| 2024 | retained earnings | $99,464 |
| 2024 | other revenues | $13,822 |
| 2024 | general and administrative | $41,332 |
| 2024 | operating income | $20,592 |
| 2024 | other income | $157 |
| 2024 | income tax expense | $5,151 |
| 2024 | deferred income taxes | -$361 |
| 2024 | stock compensation expense | $833 |
| 2024 | receivablesMore than one value recorded for this year — open the FDD source before comparing | -$587 |
| 2024 | right of use assetsMore than one value recorded for this year — open the FDD source before comparing | $111 |
| 2024 | accounts payable and other liabilities | $328 |
| 2024 | lease liability | -$333 |
| 2024 | net cash provided by operating activities | $18,908 |
| 2024 | net cash used in investing activities | -$561 |
| 2024 | net cash used in financing activities | -$17,566 |
| 2024 | operating cash flows used in operat ing leases | $341 |
| 2024 | receivablesMore than one value recorded for this year — open the FDD source before comparing | $9,102 |
| 2024 | right of use assetsMore than one value recorded for this year — open the FDD source before comparing | $1,210 |
| 2024 | franchise agreements, net | $1,820 |
| 2024 | operating lease liabilities | $1,266 |
| 2024 | receivables from affiliates, net | -$109,224 |
| 2024 | interest income | $178 |
| 2024 | income before income taxes | $20,927 |
| 2024 | accrued expenses | $12,345 |
| 2024 | net income | $15,776 |
| 2024 | prepaid and other current assetsMore than one value recorded for this year — open the FDD source before comparing | -$886 |
| 2024 | income tax receivable / | $2,302 |
| 2023 | operating income | $21,560 |
| 2023 | other income | $1,452 |
| 2023 | income before income taxes | $23,234 |
| 2023 | income tax expense | $6,286 |
| 2023 | net income | $16,948 |
| 2023 | deferred income taxes | -$473 |
| 2023 | stock compensation expense | $122 |
| 2023 | right of use assets | $151 |
| 2023 | accounts payable and other liabilities | $5,248 |
| 2023 | net cash provided by operating activities | $19,013 |
| 2023 | net cash used in investing activities | -$2,490 |
| 2023 | net cash used in financing activities | -$23,398 |
| 2023 | general and administrative | $37,079 |
| 2023 | interest income | $222 |
| 2023 | other revenues | $12,407 |
| 2023 | income tax receivable / | -$352 |
| 2023 | receivables | -$2,457 |
| 2023 | prepaid and other current assets | -$894 |
| 2023 | lease liability | -$267 |
| 2023 | cash and cash equivalent s | $8,855 |
| 2023 | restricted cash | $5,344 |
| 2023 | operating cash flows used in operat ing leases | $373 |
| — | total current assetsMore than one value recorded for this year — open the FDD source before comparing | $27,223 |
| — | trademarkMore than one value recorded for this year — open the FDD source before comparing | $28,700 |
| — | total assetsMore than one value recorded for this year — open the FDD source before comparing | $82,041 |
| — | total current liabilitiesMore than one value recorded for this year — open the FDD source before comparing | $20,325 |
| — | total liabilitiesMore than one value recorded for this year — open the FDD source before comparing | $42,786 |
| — | total stockholder's equityMore than one value recorded for this year — open the FDD source before comparing | $40,573 |
| — | total liabilities and stockholder's equityMore than one value recorded for this year — open the FDD source before comparing | $82,041 |
| — | revenuesMore than one value recorded for this year — open the FDD source before comparing | $51,663 |
| — | revenuesMore than one value recorded for this year — open the FDD source before comparing | $47,219 |
| — | total revenuesMore than one value recorded for this year — open the FDD source before comparing | $63,649 |
| — | depreciation and amortizationMore than one value recorded for this year — open the FDD source before comparing | $1,652 |
| — | depreciation and amortizationMore than one value recorded for this year — open the FDD source before comparing | $987 |
| — | total operating costs and expensesMore than one value recorded for this year — open the FDD source before comparing | $43,057 |
| — | capital expendituresMore than one value recorded for this year — open the FDD source before comparing | -$561 |
| — | equity receivable payments to affiliates, netMore than one value recorded for this year — open the FDD source before comparing | -$17,566 |
| — | (decrease) increase in cash, cash equivalents, and restricted cashMore than one value recorded for this year — open the FDD source before comparing | $781 |
| — | cash, cash equivalents, and restricted cash, beginning of year | $21,074 |
| — | cash, cash equivalents, and restricted cash, end of yearMore than one value recorded for this year — open the FDD source before comparing | $14,980 |
| — | income taxes paidMore than one value recorded for this year — open the FDD source before comparing | $803 |
| — | income taxes paidMore than one value recorded for this year — open the FDD source before comparing | $5,310 |
| — | right-of-use assets obtained in exchange for operating lease liabilitiesMore than one value recorded for this year — open the FDD source before comparing | $8 |
| — | right-of-use assets obtained in exchange for operating lease liabilitiesMore than one value recorded for this year — open the FDD source before comparing | $61 |
| — | total current liabilitiesMore than one value recorded for this year — open the FDD source before comparing | $24,064 |
| — | total current assetsMore than one value recorded for this year — open the FDD source before comparing | $31,104 |
| — | total assetsMore than one value recorded for this year — open the FDD source before comparing | $85,667 |
| — | trademarkMore than one value recorded for this year — open the FDD source before comparing | $28,700 |
| — | total revenuesMore than one value recorded for this year — open the FDD source before comparing | $59,626 |
| — | depreciation and amortizationMore than one value recorded for this year — open the FDD source before comparing | $1,725 |
| — | total liabilitiesMore than one value recorded for this year — open the FDD source before comparing | $45,094 |
| — | total stockholder's equityMore than one value recorded for this year — open the FDD source before comparing | $39,255 |
| — | total revenuesMore than one value recorded for this year — open the FDD source before comparing | $66,163 |
| — | total liabilities and stockholder's equityMore than one value recorded for this year — open the FDD source before comparing | $85,667 |
| — | revenuesMore than one value recorded for this year — open the FDD source before comparing | $49,827 |
| — | total operating costs and expensesMore than one value recorded for this year — open the FDD source before comparing | $48,924 |
| — | total operating costs and expensesMore than one value recorded for this year — open the FDD source before comparing | $38,066 |
| — | (decrease) increase in cash, cash equivalents, and restricted cashMore than one value recorded for this year — open the FDD source before comparing | -$6,875 |
| — | capital expendituresMore than one value recorded for this year — open the FDD source before comparing | -$1,588 |
| — | capital expendituresMore than one value recorded for this year — open the FDD source before comparing | -$2,490 |
| — | equity receivable payments to affiliates, netMore than one value recorded for this year — open the FDD source before comparing | -$23,398 |
| — | equity receivable payments to affiliates, netMore than one value recorded for this year — open the FDD source before comparing | -$6,353 |
| — | (decrease) increase in cash, cash equivalents, and restricted cashMore than one value recorded for this year — open the FDD source before comparing | $3,741 |
| — | cash, cash equivalents, and restricted cash, end of yearMore than one value recorded for this year — open the FDD source before comparing | $18,721 |
| — | cash, cash equivalents, and restricted cash, end of yearMore than one value recorded for this year — open the FDD source before comparing | $14,199 |
| — | right-of-use assets obtained in exchange for operating lease liabilitiesMore than one value recorded for this year — open the FDD source before comparing | $153 |
| — | income taxes paidMore than one value recorded for this year — open the FDD source before comparing | $3,557 |
| — | capital expenditures included in accounts payable | $168 |
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.
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.
Head-to-head comparisons
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
Independent analysis of franchisor-provided data. Not investment advice. Franopolis does not distribute FDDs.