Valvoline Instant Oil Change
Franchise research report · reviewed 2026 disclosure data
Researching Valvoline Instant Oil Change franchise opportunities? Every figure below is cited to the FDD.
Reviewed sources
- Franchising since
- 1988 Source: franchise.org
- Headquarters
- Lexington, KY United States Source: franchise.org
Valvoline Instant Oil Change franchise operates quick-lube service centers that provide fast oil changes and automotive maintenance services under one of the mo
Headline figures
Valvoline Instant Oil Change quick facts
- Is Valvoline Instant Oil Change a franchise?
- Yes. Valvoline Instant Oil Change offers franchises through a Franchise Disclosure Document. At the end of 2025, it reported 2,126 franchised and 1,952 company-owned outlets (2026 FDD, Item 20, PDF p. 68).
- How much does it cost to open a Valvoline Instant Oil Change franchise?
- The Valvoline Instant Oil Change Franchise Disclosure Document reports separate estimated initial investments by format: $192,375–$639,550 for as arranged as incurred various total if real property leased (3 months) and signage leased (2026 FDD, Item 7, PDF p. 25); $192,375–$3,483,550 for cover singlecenter total (2026 FDD, Item 7, PDF p. 1). These formats are not combined. Each is the franchisor's disclosed estimate, not a quote. Details
- What ongoing fees does Valvoline Instant Oil Change charge?
- The disclosed ongoing royalty is 2% (2026 FDD, Item 6, PDF p. 17). Other recurring fees are listed in Item 6. Details
- Does Valvoline Instant Oil Change disclose financial performance (Item 19)?
- Yes. The Valvoline Instant Oil Change FDD includes an Item 19 financial performance representation (2026 FDD, Item 19, PDF p. 59). Figures apply only to the locations and period each one covers. Details
- How many Valvoline Instant Oil Change locations are there?
- The FDD reports 4,078 outlets at the end of 2025 (2026 FDD, Item 20, PDF p. 68). Existing locations do not indicate territory availability. Details
- Is Valvoline Instant Oil Change 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 lists every recurring fee beyond 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: $192,375 – $639,550 (As Arranged As Incurred Various TOTAL If Real Property Leased (3 Months) and Signage Leased); $192,375 – $3,483,550 (Cover singlecenter total); several initial fee options apply.
- 2Item 19 covers 31 separate groups: adjusted operating results for 177 Company-operated adjusted royalty4% locations; adjusted operating results for 177 Company-operated adjusted royalty4% locations; adjusted operating results for 354 Company-operated adjusted royalty4% locations; other measures for 768 Franchised locations; adjusted operating results for 708 Company-operated adjusted royalty4% locations; adjusted operating results for 747 Company-operated adjusted royalty4% locations; adjusted operating results for 187 Company-operated adjusted royalty4% locations; adjusted operating results for 187 Company-operated adjusted royalty4% locations; adjusted operating results for 373 Company-operated adjusted royalty4% locations; other measures for 196 Company-operated adjusted royalty4% locations; other measures for 785 Company-operated adjusted royalty4% locations; other measures for 393 Company-operated adjusted royalty4% locations; other measures for 196 Company-operated adjusted royalty4% locations; other measures for 819 Franchised locations; other measures for locations; other measures for locations; other measures for 891 Franchised locations; other measures for locations; other measures for 696 Company-operated locations; other measures for 764 Company-operated locations; other measures for 810 Company-operated locations; other measures for 863 Company-operated locations; other measures for 765 Franchised locations; other measures for 822 Franchised locations; other measures for 880 Franchised locations; other measures for 986 Franchised locations; other measures for 1,461 Systemwide locations; other measures for 1,586 Systemwide locations; other measures for 1,690 Systemwide locations; other measures for 1,849 Systemwide locations; other measures for 986 locations. They are not combined.
- 3Outlets grew by 328 in 2025, to 4,078 (United States, as labeled in the FDD, Item 20).
From reviewed FDD figures only. Not a recommendation or projection.
Costs · Items 5–7
What does it cost to open?
Estimated opening costs and the fees payable to the franchisor.
Startup Investment — Item 7
Range across 2 single-unit formats
2026 FDD · Item 7
Formats disclosed in Item 7 (2)
Each format has its own total. The total depends on the format you choose.
- As Arranged As Incurred Various TOTAL If Real Property Leased (3 Months) and Signage LeasedPDF p. 25$192,375 – $639,550
- Cover singlecenterPDF p. 1$192,375 – $3,483,550
Ongoing Fees — Item 6
Selected recurring charges; payment bases and conditions remain attached to each fee.
- Royalty first12months AGRMain ongoing fee
47 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?
31 separate populations, shown apart. Revenue is not owner income.
Locations counted: not stated in the reviewed record
Adjusted operating results · 177 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
- High25%
- Excluded
- Fullcompanyfiscalyearpriorandduring required;excluded 136. Temporaryclosureincluded1. Nooperatinglease,market/corporateoverhead,depreciation.
- Method
- Salesranked tiers25/50/25. Advertisingallocated; company paysnoroyalty hypothetical4% as95%franchisees priorpaid4%. Contributionbeforetaxdepreciationcorporateadmin; products intercompany estimatedincentives. Source anomalies retained.
Locations counted: not stated in the reviewed record
Adjusted operating results · 177 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
- Low25%
- Excluded
- Fullcompanyfiscalyearpriorandduring required;excluded 136. Temporaryclosureincluded1. Nooperatinglease,market/corporateoverhead,depreciation.
- Method
- Salesranked tiers25/50/25. Advertisingallocated; company paysnoroyalty hypothetical4% as95%franchisees priorpaid4%. Contributionbeforetaxdepreciationcorporateadmin; products intercompany estimatedincentives. Source anomalies retained.
Locations counted: not stated in the reviewed record
Adjusted operating results · 354 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
- Mid50%
- Excluded
- Fullcompanyfiscalyearpriorandduring required;excluded 136. Temporaryclosureincluded1. Nooperatinglease,market/corporateoverhead,depreciation.
- Method
- Salesranked tiers25/50/25. Advertisingallocated; company paysnoroyalty hypothetical4% as95%franchisees priorpaid4%. Contributionbeforetaxdepreciationcorporateadmin; products intercompany estimatedincentives. Source anomalies retained.
Locations counted: not stated in the reviewed record
Other measures · 768 locations
- Who is counted
- Comparable franchisee-operated
- Excluded
- Full fiscalyear priorandduring required; excluded2023 111,2024 143,2025 172; temporaryclosedincluded5/7/4; no sameyearopenclose exclusions.
- Method
- POS historical; net sales afterdiscounts/coupons/fleet/refunds; separateyears.
Locations counted: not stated in the reviewed record
Adjusted operating results · 708 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
- All
- Excluded
- Fullcompanyfiscalyearpriorandduring required;excluded 136. Temporaryclosureincluded1. Nooperatinglease,market/corporateoverhead,depreciation.
- Method
- Salesranked tiers25/50/25. Advertisingallocated; company paysnoroyalty hypothetical4% as95%franchisees priorpaid4%. Contributionbeforetaxdepreciationcorporateadmin; products intercompany estimatedincentives. Source anomalies retained.
Locations counted: not stated in the reviewed record
Adjusted operating results · 747 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
- All
- Excluded
- Fullcompanyfiscalyearpriorandduring required;excluded 166. Temporaryclosureincluded1. Nooperatinglease,market/corporateoverhead,depreciation.
- Method
- Salesranked tiers25/50/25. Advertisingallocated; company paysnoroyalty hypothetical4% as95%franchisees priorpaid4%. Contributionbeforetaxdepreciationcorporateadmin; products intercompany estimatedincentives. Source anomalies retained.
Locations counted: not stated in the reviewed record
Adjusted operating results · 187 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
- High25%
- Excluded
- Fullcompanyfiscalyearpriorandduring required;excluded 166. Temporaryclosureincluded1. Nooperatinglease,market/corporateoverhead,depreciation.
- Method
- Salesranked tiers25/50/25. Advertisingallocated; company paysnoroyalty hypothetical4% as95%franchisees priorpaid4%. Contributionbeforetaxdepreciationcorporateadmin; products intercompany estimatedincentives. Source anomalies retained.
Locations counted: not stated in the reviewed record
Adjusted operating results · 187 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
- Low25%
- Excluded
- Fullcompanyfiscalyearpriorandduring required;excluded 166. Temporaryclosureincluded1. Nooperatinglease,market/corporateoverhead,depreciation.
- Method
- Salesranked tiers25/50/25. Advertisingallocated; company paysnoroyalty hypothetical4% as95%franchisees priorpaid4%. Contributionbeforetaxdepreciationcorporateadmin; products intercompany estimatedincentives. Source anomalies retained.
Locations counted: not stated in the reviewed record
Adjusted operating results · 373 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
- Mid50%
- Excluded
- Fullcompanyfiscalyearpriorandduring required;excluded 166. Temporaryclosureincluded1. Nooperatinglease,market/corporateoverhead,depreciation.
- Method
- Salesranked tiers25/50/25. Advertisingallocated; company paysnoroyalty hypothetical4% as95%franchisees priorpaid4%. Contributionbeforetaxdepreciationcorporateadmin; products intercompany estimatedincentives. Source anomalies retained.
Locations counted: not stated in the reviewed record
Other measures · 196 locations
- Who is counted
- High25%
- Period
- Number of Comparable Centers
- Excluded
- Fullcompanyfiscalyearpriorandduring required;excluded 191. Temporaryclosureincluded2. Nooperatinglease,market/corporateoverhead,depreciation.
- Method
- Salesranked tiers25/50/25. Advertisingallocated; company paysnoroyalty hypothetical4% as95%franchisees priorpaid4%. Contributionbeforetaxdepreciationcorporateadmin; products intercompany estimatedincentives. Source anomalies retained.
Locations counted: not stated in the reviewed record
Other measures · 785 locations
- Who is counted
- All
- Period
- Number of Centers as % of Total Comparable Centers
- Excluded
- Fullcompanyfiscalyearpriorandduring required;excluded 191. Temporaryclosureincluded2. Nooperatinglease,market/corporateoverhead,depreciation.
- Method
- Salesranked tiers25/50/25. Advertisingallocated; company paysnoroyalty hypothetical4% as95%franchisees priorpaid4%. Contributionbeforetaxdepreciationcorporateadmin; products intercompany estimatedincentives. Source anomalies retained.
Locations counted: not stated in the reviewed record
Other measures · 393 locations
- Who is counted
- Mid50%
- Period
- Number of Centers as % of Total Comparable Centers
- Excluded
- Fullcompanyfiscalyearpriorandduring required;excluded 191. Temporaryclosureincluded2. Nooperatinglease,market/corporateoverhead,depreciation.
- Method
- Salesranked tiers25/50/25. Advertisingallocated; company paysnoroyalty hypothetical4% as95%franchisees priorpaid4%. Contributionbeforetaxdepreciationcorporateadmin; products intercompany estimatedincentives. Source anomalies retained.
Locations counted: not stated in the reviewed record
Other measures · 196 locations
- Who is counted
- Low25%
- Period
- Median Oil Change Per Day
- Excluded
- Fullcompanyfiscalyearpriorandduring required;excluded 191. Temporaryclosureincluded2. Nooperatinglease,market/corporateoverhead,depreciation.
- Method
- Salesranked tiers25/50/25. Advertisingallocated; company paysnoroyalty hypothetical4% as95%franchisees priorpaid4%. Contributionbeforetaxdepreciationcorporateadmin; products intercompany estimatedincentives. Source anomalies retained.
Locations counted: not stated in the reviewed record
Other measures · 819 locations
- Who is counted
- Comparable franchisee-operated
- Period
- Net Sales
- Excluded
- Full fiscalyear priorandduring required; excluded2023 111,2024 143,2025 172; temporaryclosedincluded5/7/4; no sameyearopenclose exclusions.
- Method
- POS historical; net sales afterdiscounts/coupons/fleet/refunds; separateyears.
Locations counted: not stated in the reviewed record
Other measures
- Who is counted
- Franchise
- Period
- Franchise exceededprior
- Method
- Same-store firstmonthafter12fullmonths; excludesunder12months133/137/185/190 in2022–25; temporaryclosuresincluded.
Locations counted: not stated in the reviewed record
Other measures
- Who is counted
- Systemwide
- Period
- System centers
- Method
- Same-store firstmonthafter12fullmonths; excludesunder12months133/137/185/190 in2022–25; temporaryclosuresincluded.
Locations counted: not stated in the reviewed record
Other measures · 891 locations
- Who is counted
- Comparable franchisee-operated
- Period
- Net Sales
- Excluded
- Full fiscalyear priorandduring required; excluded2023 111,2024 143,2025 172; temporaryclosedincluded5/7/4; no sameyearopenclose exclusions.
- Method
- POS historical; net sales afterdiscounts/coupons/fleet/refunds; separateyears.
Locations counted: not stated in the reviewed record
Other measures
- Who is counted
- Company
- Period
- Company centers
- Method
- Same-store firstmonthafter12fullmonths; excludesunder12months133/137/185/190 in2022–25; temporaryclosuresincluded.
Locations counted: not stated in the reviewed record
Other measures · 696 locations
- Who is counted
- Same-store Company-operated
- Period
- Centers at/above total growth
- Excluded
- Under12fullmonths excluded:company2022–25 71/80/103/113;franchise62/57/82/77;system133/137/185/190. Temporarilyclosed includedcompany0/2/1/2,franchise5/5/7/4,system5/8/8/6.
- Method
- Yearover-year netrevenue; same-store frommonthafter12fullmonths.
Locations counted: not stated in the reviewed record
Other measures · 764 locations
- Who is counted
- Same-store Company-operated
- Period
- Centers
- Excluded
- Under12fullmonths excluded:company2022–25 71/80/103/113;franchise62/57/82/77;system133/137/185/190. Temporarilyclosed includedcompany0/2/1/2,franchise5/5/7/4,system5/8/8/6.
- Method
- Yearover-year netrevenue; same-store frommonthafter12fullmonths.
Locations counted: not stated in the reviewed record
Other measures · 810 locations
- Who is counted
- Same-store Company-operated
- Period
- Total growth
- Excluded
- Under12fullmonths excluded:company2022–25 71/80/103/113;franchise62/57/82/77;system133/137/185/190. Temporarilyclosed includedcompany0/2/1/2,franchise5/5/7/4,system5/8/8/6.
- Method
- Yearover-year netrevenue; same-store frommonthafter12fullmonths.
Locations counted: not stated in the reviewed record
Other measures · 863 locations
- Who is counted
- Same-store Company-operated
- Period
- Centers at/above total growth
- Excluded
- Under12fullmonths excluded:company2022–25 71/80/103/113;franchise62/57/82/77;system133/137/185/190. Temporarilyclosed includedcompany0/2/1/2,franchise5/5/7/4,system5/8/8/6.
- Method
- Yearover-year netrevenue; same-store frommonthafter12fullmonths.
Locations counted: not stated in the reviewed record
Other measures · 765 locations
- Who is counted
- Same-store Franchised
- Period
- Centers
- Excluded
- Under12fullmonths excluded:company2022–25 71/80/103/113;franchise62/57/82/77;system133/137/185/190. Temporarilyclosed includedcompany0/2/1/2,franchise5/5/7/4,system5/8/8/6.
- Method
- Yearover-year netrevenue; same-store frommonthafter12fullmonths.
Locations counted: not stated in the reviewed record
Other measures · 822 locations
- Who is counted
- Same-store Franchised
- Period
- Centers
- Excluded
- Under12fullmonths excluded:company2022–25 71/80/103/113;franchise62/57/82/77;system133/137/185/190. Temporarilyclosed includedcompany0/2/1/2,franchise5/5/7/4,system5/8/8/6.
- Method
- Yearover-year netrevenue; same-store frommonthafter12fullmonths.
Locations counted: not stated in the reviewed record
Other measures · 880 locations
- Who is counted
- Same-store Franchised
- Period
- Total growth
- Excluded
- Under12fullmonths excluded:company2022–25 71/80/103/113;franchise62/57/82/77;system133/137/185/190. Temporarilyclosed includedcompany0/2/1/2,franchise5/5/7/4,system5/8/8/6.
- Method
- Yearover-year netrevenue; same-store frommonthafter12fullmonths.
Locations counted: not stated in the reviewed record
Other measures · 986 locations
- Who is counted
- Same-store Franchised
- Period
- Median growth
- Excluded
- Under12fullmonths excluded:company2022–25 71/80/103/113;franchise62/57/82/77;system133/137/185/190. Temporarilyclosed includedcompany0/2/1/2,franchise5/5/7/4,system5/8/8/6.
- Method
- Yearover-year netrevenue; same-store frommonthafter12fullmonths.
Locations counted: not stated in the reviewed record
Other measures · 1,461 locations
- Who is counted
- Same-store Systemwide
- Period
- Total growth
- Excluded
- Under12fullmonths excluded:company2022–25 71/80/103/113;franchise62/57/82/77;system133/137/185/190. Temporarilyclosed includedcompany0/2/1/2,franchise5/5/7/4,system5/8/8/6.
- Method
- Yearover-year netrevenue; same-store frommonthafter12fullmonths.
Locations counted: not stated in the reviewed record
Other measures · 1,586 locations
- Who is counted
- Same-store Systemwide
- Period
- Centers
- Excluded
- Under12fullmonths excluded:company2022–25 71/80/103/113;franchise62/57/82/77;system133/137/185/190. Temporarilyclosed includedcompany0/2/1/2,franchise5/5/7/4,system5/8/8/6.
- Method
- Yearover-year netrevenue; same-store frommonthafter12fullmonths.
Locations counted: not stated in the reviewed record
Other measures · 1,690 locations
- Who is counted
- Same-store Systemwide
- Period
- Percent at/above total growth
- Excluded
- Under12fullmonths excluded:company2022–25 71/80/103/113;franchise62/57/82/77;system133/137/185/190. Temporarilyclosed includedcompany0/2/1/2,franchise5/5/7/4,system5/8/8/6.
- Method
- Yearover-year netrevenue; same-store frommonthafter12fullmonths.
Locations counted: not stated in the reviewed record
Other measures · 1,849 locations
- Who is counted
- Same-store Systemwide
- Period
- Centers
- Excluded
- Under12fullmonths excluded:company2022–25 71/80/103/113;franchise62/57/82/77;system133/137/185/190. Temporarilyclosed includedcompany0/2/1/2,franchise5/5/7/4,system5/8/8/6.
- Method
- Yearover-year netrevenue; same-store frommonthafter12fullmonths.
Locations counted: not stated in the reviewed record
Other measures · 986 locations
- Who is counted
- Same-store franchisee-operated centers in fiscal 2025.
- Excluded
- Table 4 includes same-store centers used to determine SSS and excludes centers operating within the VIOC system for less than 12 full months; certain temporarily closed stores are included.
- Method
- Same-store firstmonthafter12fullmonths; excludesunder12months133/137/185/190 in2022–25; temporaryclosuresincluded.
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?
United States, as labeled in the FDD · counts as of 2025 of each year.
2026 FDD · Item 20 · PDF p. 68
Net +632 outlets, 2023–2025
Year-end counts reported in Item 20. The scale starts at zero; the labels between the dots show each year's change. Openings and closures for 2025 haven't been pulled from the Item 20 tables yet, so no turnover or churn is shown.
Questions to investigate
Prompts based on what this brand's reviewed disclosures do and don't show — not conclusions. Join free as a member to save questions to your research.
For the franchisor
Which line items in the 2026 Item 7 estimate ($192,375 – $3,483,550) 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 3,750 to 4,078 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 — High25% · PDF p. 59; PDF p. 60
- [2]Item 19 — Locations counted not stated in the reviewed record — Low25% · PDF p. 59; PDF p. 60
- [3]Item 19 — Locations counted not stated in the reviewed record — Mid50% · PDF p. 59; PDF p. 60
- [4]Item 19 — Locations counted not stated in the reviewed record — Comparable franchisee-operated · PDF p. 65
- [5]Item 19 — Locations counted not stated in the reviewed record — All · PDF p. 59; PDF p. 60
- [6]Item 19 — Locations counted not stated in the reviewed record — All · PDF p. 61; PDF p. 62
- [7]Item 19 — Locations counted not stated in the reviewed record — High25% · PDF p. 61; PDF p. 62
- [8]Item 19 — Locations counted not stated in the reviewed record — Low25% · PDF p. 61; PDF p. 62
- [9]Item 19 — Locations counted not stated in the reviewed record — Mid50% · PDF p. 61; PDF p. 62
- [10]Item 19 — Locations counted not stated in the reviewed record — High25% · PDF p. 62; PDF p. 63
- [11]Item 19 — Locations counted not stated in the reviewed record — All · PDF p. 62; PDF p. 63
- [12]Item 19 — Locations counted not stated in the reviewed record — Mid50% · PDF p. 62; PDF p. 63
- [13]Item 19 — Locations counted not stated in the reviewed record — Low25% · PDF p. 62; PDF p. 63
- [14]Item 19 — Locations counted not stated in the reviewed record — Comparable franchisee-operated · PDF p. 65
- [15]Item 19 — Locations counted not stated in the reviewed record — Franchise · PDF p. 67
- [16]Item 19 — Locations counted not stated in the reviewed record — Systemwide · PDF p. 67
- [17]Item 19 — Locations counted not stated in the reviewed record — Comparable franchisee-operated · PDF p. 65
- [18]Item 19 — Locations counted not stated in the reviewed record — Company · PDF p. 67
- [19]Item 19 — Locations counted not stated in the reviewed record — Same-store Company-operated · PDF p. 66
- [20]Item 19 — Locations counted not stated in the reviewed record — Same-store Company-operated · PDF p. 66
- [21]Item 19 — Locations counted not stated in the reviewed record — Same-store Company-operated · PDF p. 66
- [22]Item 19 — Locations counted not stated in the reviewed record — Same-store Company-operated · PDF p. 66
- [23]Item 19 — Locations counted not stated in the reviewed record — Same-store Franchised · PDF p. 66
- [24]Item 19 — Locations counted not stated in the reviewed record — Same-store Franchised · PDF p. 66
- [25]Item 19 — Locations counted not stated in the reviewed record — Same-store Franchised · PDF p. 66
- [26]Item 19 — Locations counted not stated in the reviewed record — Same-store Franchised · PDF p. 66
- [27]Item 19 — Locations counted not stated in the reviewed record — Same-store Systemwide · PDF p. 67
- [28]Item 19 — Locations counted not stated in the reviewed record — Same-store Systemwide · PDF p. 67
- [29]Item 19 — Locations counted not stated in the reviewed record — Same-store Systemwide · PDF p. 67
- [30]Item 19 — Locations counted not stated in the reviewed record — Same-store Systemwide · PDF p. 67
- [31]Item 19 — Locations counted not stated in the reviewed record — Same-store franchisee-operated centers in fiscal 2025. · PDF p. 67
- [32]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
1,059 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 | cost of sales | $1,052 |
| 2025 | selling, general and administrative expenses | $350 |
| 2025 | net legacy and separation-related expenses | $1 |
| 2025 | other income, net | -$83 |
| 2025 | operating income | $390 |
| 2025 | net interest and other financing expenses | $74 |
| 2025 | income before income taxes | $292 |
| 2025 | income from continuing operations | $215 |
| 2025 | net income | $211 |
| 2025 | basic earnings per share | $2 |
| 2025 | diluted earnings | $2 |
| 2025 | discontinued operationsMore than one value recorded for this year — open the FDD source before comparing | -$0 |
| 2025 | weighted average common shares outstanding basic | $128 |
| 2025 | diluted | $129 |
| 2025 | other comprehensiveMore than one value recorded for this year — open the FDD source before comparing | -$3 |
| 2025 | comprehensive income | $206 |
| 2025 | current assets cash and cash equivalents | $52 |
| 2025 | receivables, net | $90 |
| 2025 | inventories, net | $43 |
| 2025 | prepaid expenses and other current assets | $60 |
| 2025 | noncurrent assets property, plant and equipment, net | $1,135 |
| 2025 | total assets | $2,670 |
| 2025 | trade and other payables | $119 |
| 2025 | current portion of long-term debt | $24 |
| 2025 | accrued expenses and other liabilities | $205 |
| 2025 | total current liabilities | $347 |
| 2025 | employee benefit obligations | $188 |
| 2025 | other noncurrent liabilities | $432 |
| 2025 | total noncurrent liabilities | $1,985 |
| 2025 | paid-in capital | $58 |
| 2025 | retained earnings | $274 |
| 2025 | accumulated other comprehensive income | $5 |
| 2025 | stockholders' equity | $339 |
| 2025 | loss | $4 |
| 2025 | deferred income taxes | $38 |
| 2025 | pension other postretirement remeasurements | $27 |
| 2025 | stock-based compensation expense | $11 |
| 2025 | inventories | -$5 |
| 2025 | payables and accrued liabilities | $3 |
| 2025 | other assets and liabilities | -$30 |
| 2025 | operating cash flows from discontinued operations | -$10 |
| 2025 | total cash provided by | $297 |
| 2025 | proceeds from sale of operations, net of cash disposed | $121 |
| 2025 | repayments of notes receivable | $21 |
| 2025 | other investing activities, net | $4 |
| 2025 | investing cash flows from continuing operations | -$201 |
| 2025 | cash flows from financing activities proceeds from borrowings | $85 |
| 2025 | repayments on borrowings | -$104 |
| 2025 | payment of finance lease obligations | -$12 |
| 2025 | other financing activities, net | -$5 |
| 2025 | financing cash flows from continuing operations | -$113 |
| 2025 | decrease in cash, cash equivalents and restricted cash | -$17 |
| 2025 | supplemental disclosures interest paid | $56 |
| 2025 | income taxes paid | $36 |
| 2025 | common stock | $1 |
| 2025 | stock-based compensation, net of issuancesMore than one value recorded for this year — open the FDD source before comparing | $7 |
| 2025 | repurchases of common stockMore than one value recorded for this year — open the FDD source before comparing | -$2 |
| 2025 | repurchases of common stockMore than one value recorded for this year — open the FDD source before comparing | -$60 |
| 2025 | balance at september 30, 2025 | $127 |
| 2025 | discontinued operationsMore than one value recorded for this year — open the FDD source before comparing | -$0 |
| 2025 | net revenues | $1,710 |
| 2025 | net earnings per share basic earnings | $2 |
| 2025 | gross profit | $659 |
| 2025 | net pension and other postretirement plan expenses | $24 |
| 2025 | (loss) income from discontinued operations, net of tax | -$4 |
| 2025 | income tax expense | $78 |
| 2025 | diluted earnings per share | $2 |
| 2025 | other comprehensiveMore than one value recorded for this year — open the FDD source before comparing | -$5 |
| 2025 | amortization of pension and other postretirement plan prior service credits | -$2 |
| 2025 | total current assets | $244 |
| 2025 | operating lease assets | $332 |
| 2025 | other noncurrent assets | $220 |
| 2025 | goodwill and intangibles, net | $741 |
| 2025 | long-term debt | $1,050 |
| 2025 | acquisitions, net of cash acquired | -$65 |
| 2025 | operating cash flows from continuing operations | $307 |
| 2025 | total noncurrent assets | $2,427 |
| 2025 | repurchases of common stock, including excise tax payments | -$77 |
| 2025 | cash, cash equivalents and restricted cash - beginning of year | $69 |
| 2025 | depreciation and amortization | $119 |
| 2025 | purchases of investments | -$5 |
| 2025 | operating lease liabilities | $315 |
| 2025 | proceeds from investments | $6 |
| 2025 | effect of currency exchange rate changes on cash, cash equivalents and restricted cash | -$0 |
| 2025 | stock-based compensation, net of issuancesMore than one value recorded for this year — open the FDD source before comparing | $0 |
| 2025 | cash, cash equivalents and restricted cash | $52 |
| 2025 | other, net | $4 |
| 2025 | issuances of notes receivable | -$24 |
| 2025 | gain on sale of operations | -$71 |
| 2025 | change in assets and liabilities receivables | -$3 |
| 2025 | cash flows from investing activities additions to property, plant and equipment | -$259 |
| 2024 | net revenues | $1,619 |
| 2024 | cost of sales | $1,000 |
| 2024 | gross profit | $619 |
| 2024 | selling, general and administrative expenses | $305 |
| 2024 | net legacy and separation-related expenses | -$1 |
| 2024 | operating income | $367 |
| 2024 | net pension and other postretirement plan expenses | $12 |
| 2024 | income before income taxes | $284 |
| 2024 | income from continuing operations | $215 |
| 2024 | (loss) income from discontinued operations, net of tax | -$3 |
| 2024 | net income | $212 |
| 2024 | discontinued operationsMore than one value recorded for this year — open the FDD source before comparing | -$0 |
| 2024 | basic earnings per share | $2 |
| 2024 | diluted earnings | $2 |
| 2024 | discontinued operationsMore than one value recorded for this year — open the FDD source before comparing | -$0 |
| 2024 | diluted earnings per share | $2 |
| 2024 | weighted average common shares outstanding basic | $130 |
| 2024 | diluted | $131 |
| 2024 | other comprehensiveMore than one value recorded for this year — open the FDD source before comparing | $4 |
| 2024 | amortization of pension and other postretirement plan prior service credits | -$2 |
| 2024 | unrealized loss on cash flow hedges | -$6 |
| 2024 | other comprehensiveMore than one value recorded for this year — open the FDD source before comparing | -$3 |
| 2024 | common stock | $1 |
| 2024 | inventories, net | $40 |
| 2024 | prepaid expenses and other current assets | $61 |
| 2024 | total current assets | $255 |
| 2024 | noncurrent assets property, plant and equipment, net | $959 |
| 2024 | operating lease assets | $299 |
| 2024 | total assets | $2,439 |
| 2024 | trade and other payables | $117 |
| 2024 | accrued expenses and other liabilities | $213 |
| 2024 | employee benefit obligations | $176 |
| 2024 | operating lease liabilities | $280 |
| 2024 | other noncurrent liabilities | $373 |
| 2024 | long-term debt | $1,070 |
| 2024 | paid-in capital | $51 |
| 2024 | stockholders' equity | $186 |
| 2024 | loss | $3 |
| 2024 | loss on extinguishment of debt | $5 |
| 2024 | gain on sale of operations | -$42 |
| 2024 | deferred income taxes | $24 |
| 2024 | pension other postretirement remeasurements | -$2 |
| 2024 | depreciation and amortization | $106 |
| 2024 | other, net | -$0 |
| 2024 | change in assets and liabilities receivables | -$1 |
| 2024 | inventories | -$8 |
| 2024 | payables and accrued liabilities | -$6 |
| 2024 | other assets and liabilities | -$19 |
| 2024 | operating cash flows from continuing operations | $283 |
| 2024 | operating cash flows from discontinued operations | -$18 |
| 2024 | total cash provided by | $265 |
| 2024 | cash flows from investing activities additions to property, plant and equipment | -$224 |
| 2024 | acquisitions, net of cash acquired | -$53 |
| 2024 | proceeds from sale of operations, net of cash disposed | $72 |
| 2024 | issuances of notes receivable | -$14 |
| 2024 | repayments of notes receivable | $10 |
| 2024 | purchases of investments | -$4 |
| 2024 | other investing activities, net | -$0 |
| 2024 | investing cash flows from continuing operations | $137 |
| 2024 | repayments on borrowings | -$699 |
| 2024 | repurchases of common stock, including excise tax payments | -$227 |
| 2024 | other financing activities, net | -$9 |
| 2024 | decrease in cash, cash equivalents and restricted cash | -$344 |
| 2024 | cash, cash equivalents and restricted cash | $69 |
| 2024 | supplemental disclosures interest paid | $78 |
| 2024 | income taxes paid | $31 |
| 2024 | stock-based compensation, net of issuancesMore than one value recorded for this year — open the FDD source before comparing | $0 |
| 2024 | repurchases of common stockMore than one value recorded for this year — open the FDD source before comparing | -$7 |
| 2024 | repurchases of common stockMore than one value recorded for this year — open the FDD source before comparing | -$229 |
| 2024 | balance at september 30, 2024 | $129 |
| 2024 | other income, net | -$53 |
| 2024 | income tax expense | $69 |
| 2024 | net interest and other financing expenses | $72 |
| 2024 | net earnings per share basic earnings | $2 |
| 2024 | comprehensive income | $208 |
| 2024 | receivables, net | $86 |
| 2024 | current assets cash and cash equivalents | $68 |
| 2024 | total noncurrent assets | $2,183 |
| 2024 | other noncurrent assets | $220 |
| 2024 | goodwill and intangibles, net | $706 |
| 2024 | current portion of long-term debt | $24 |
| 2024 | total noncurrent liabilities | $1,899 |
| 2024 | total current liabilities | $354 |
| 2024 | financing cash flows from continuing operations | -$746 |
| 2024 | retained earnings | $123 |
| 2024 | accumulated other comprehensive income | $10 |
| 2024 | payment of finance lease obligations | -$12 |
| 2024 | stock-based compensation expense | $12 |
| 2024 | proceeds from investments | $350 |
| 2024 | cash flows from financing activities proceeds from borrowings | $200 |
| 2024 | stock-based compensation, net of issuancesMore than one value recorded for this year — open the FDD source before comparing | $3 |
| 2024 | cash, cash equivalents and restricted cash - beginning of year | $413 |
| 2023 | net revenues | $1,444 |
| 2023 | cost of sales | $899 |
| 2023 | gross profit | $545 |
| 2023 | operating income | $247 |
| 2023 | net pension and other postretirement plan expenses | -$28 |
| 2023 | net interest and other financing expenses | $38 |
| 2023 | income tax expense | $37 |
| 2023 | income from continuing operations | $199 |
| 2023 | net income | $1,420 |
| 2023 | discontinued operationsMore than one value recorded for this year — open the FDD source before comparing | $8 |
| 2023 | diluted earnings | $1 |
| 2023 | discontinued operationsMore than one value recorded for this year — open the FDD source before comparing | $8 |
| 2023 | weighted average common shares outstanding basic | $162 |
| 2023 | amortization of pension and other postretirement plan prior service credits | -$2 |
| 2023 | unrealized loss on cash flow hedges | -$8 |
| 2023 | other comprehensiveMore than one value recorded for this year — open the FDD source before comparing | $35 |
| 2023 | loss | -$1,220 |
| 2023 | depreciation and amortization | $89 |
| 2023 | pension other postretirement remeasurements | -$42 |
| 2023 | stock-based compensation expense | $12 |
| 2023 | other, net | $12 |
| 2023 | change in assets and liabilities receivables | $26 |
| 2023 | operating cash flows from continuing operations | $353 |
| 2023 | total cash provided by | -$41 |
| 2023 | cash flows from investing activities additions to property, plant and equipment | -$181 |
| 2023 | issuances of notes receivable | -$4 |
| 2023 | repayments of notes receivable | $2 |
| 2023 | purchases of investments | -$440 |
| 2023 | proceeds from investments | $80 |
| 2023 | investing cash flows from continuing operations | -$577 |
| 2023 | total cash | $2,044 |
| 2023 | repayments on borrowings | -$921 |
| 2023 | repurchases of common stock, including excise tax payments | -$1,525 |
| 2023 | cash dividends paid | -$22 |
| 2023 | payment of finance lease obligations | -$11 |
| 2023 | financing cash flows from continuing operations | -$1,566 |
| 2023 | financing cash flows from discontinued operations | -$108 |
| 2023 | total cash used in financing activities | -$1,674 |
| 2023 | effect of currency exchange rate changes on cash, cash equivalents and restricted cash | -$0 |
| 2023 | decrease in cash, cash equivalents and restricted cash | $329 |
| 2023 | cash, cash equivalents and restricted cash - beginning of year | $84 |
| 2023 | supplemental disclosures interest paid | $70 |
| 2023 | income taxes paid | $374 |
| 2023 | dividends paid, $0.125 per common shareMore than one value recorded for this year — open the FDD source before comparing | $0 |
| 2023 | dividends paid, $0.125 per common shareMore than one value recorded for this year — open the FDD source before comparing | -$22 |
| 2023 | stock-based compensation, net of issuancesMore than one value recorded for this year — open the FDD source before comparing | $1 |
| 2023 | stock-based compensation, net of issuancesMore than one value recorded for this year — open the FDD source before comparing | $4 |
| 2023 | repurchases of common stockMore than one value recorded for this year — open the FDD source before comparing | -$42 |
| 2023 | repurchases of common stockMore than one value recorded for this year — open the FDD source before comparing | -$1,540 |
| 2023 | other comprehensive income, net of taxMore than one value recorded for this year — open the FDD source before comparing | $35 |
| 2023 | balance at september 30, 2023More than one value recorded for this year — open the FDD source before comparing | $135 |
| 2023 | balance at september 30, 2023More than one value recorded for this year — open the FDD source before comparing | $1 |
| 2023 | balance at september 30, 2023More than one value recorded for this year — open the FDD source before comparing | $48 |
| 2023 | balance at september 30, 2023More than one value recorded for this year — open the FDD source before comparing | $13 |
| 2023 | balance at september 30, 2023More than one value recorded for this year — open the FDD source before comparing | $203 |
| 2023 | (loss) income from discontinued operations, net of tax | $1,220 |
| 2023 | net earnings per share basic earnings | $1 |
| 2023 | selling, general and administrative expenses | $265 |
| 2023 | net legacy and separation-related expenses | $33 |
| 2023 | income before income taxes | $237 |
| 2023 | basic earnings per share | $9 |
| 2023 | diluted | $163 |
| 2023 | diluted earnings per share | $9 |
| 2023 | other comprehensiveMore than one value recorded for this year — open the FDD source before comparing | $44 |
| 2023 | inventories | -$3 |
| 2023 | cash, cash equivalents and restricted cash | $413 |
| 2023 | payables and accrued liabilities | $111 |
| 2023 | other assets and liabilities | -$86 |
| 2023 | acquisitions, net of cash acquired | -$36 |
| 2023 | deferred income taxes | $34 |
| 2023 | other investing activities, net | $1 |
| 2023 | operating cash flows from discontinued operations | -$394 |
| 2023 | investing cash flows from discontinued operations | $2,621 |
| 2023 | cash flows from financing activities proceeds from borrowings | $924 |
| 2023 | other financing activities, net | -$11 |
| 2023 | repurchases of common stockMore than one value recorded for this year — open the FDD source before comparing | -$1 |
| 2023 | repurchases of common stockMore than one value recorded for this year — open the FDD source before comparing | -$1,539 |
| 2023 | balance at september 30, 2023More than one value recorded for this year — open the FDD source before comparing | $141 |
| 2023 | other comprehensive income, net of taxMore than one value recorded for this year — open the FDD source before comparing | $35 |
| 2022 | balance at september 30, 2022More than one value recorded for this year — open the FDD source before comparing | $176 |
| 2022 | balance at september 30, 2022More than one value recorded for this year — open the FDD source before comparing | $44 |
| 2022 | balance at september 30, 2022More than one value recorded for this year — open the FDD source before comparing | $282 |
| 2022 | balance at september 30, 2022More than one value recorded for this year — open the FDD source before comparing | -$21 |
| 2022 | balance at september 30, 2022More than one value recorded for this year — open the FDD source before comparing | $307 |
| 2022 | balance at september 30, 2022More than one value recorded for this year — open the FDD source before comparing | $2 |
These figures describe the franchisor company, not individual franchise locations.
SBA-backed loans to franchisees
Loading…
Source: U.S. Small Business Administration 7(a) & 504 FOIA data. Loan volume is not a measure of franchisee success.
Related research
Brands in the same subcategory first, then the wider industry, ordered by shared business format and overlapping investment range. This is not a ranking or recommendation.
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.