Water Wings Swim School
Franchise research report · reviewed 2026 disclosure data
Researching Water Wings Swim School franchise opportunities? Every figure below is cited to the FDD.
Water Wings Swim School franchise specializes in providing swimming lessons and water safety education for children and adults through professionally staffed aq
Headline figures
Quick facts
- How much does it cost to open a Water Wings Swim School franchise?
- The Water Wings Swim School Franchise Disclosure Document reports separate estimated initial investments by format: $35,000 for or business and 30 days after opening, you are required to spend a total of at least — 35000 (2026 FDD, Item 7, PDF p. 27); $1,033,500 for as incurred us, employees, third-party suppliers, approved suppliers, etc. total 15 — 1033500 (2026 FDD, Item 7, PDF p. 26). These formats are not combined. Each is the franchisor's disclosed estimate, not a quote. Details
- What is the Water Wings Swim School initial franchise fee?
- The disclosed initial franchise fee for a standard single unit is $50,000 (2026 FDD, Item 5, PDF p. 15). Other fee options (for example multi-unit or conversion) are listed separately in the report. Details
- What ongoing fees does Water Wings Swim School charge?
- The disclosed ongoing royalty is $6 (2026 FDD, Item 6, PDF p. 16). The brand or advertising fund contribution is $7 (2026 FDD, Item 6, PDF p. 23). Other recurring fees are listed in Item 6. Details
- Does Water Wings Swim School disclose financial performance (Item 19)?
- Yes. The Water Wings Swim School FDD includes an Item 19 financial performance representation (2026 FDD, Item 19, PDF p. 60). Figures apply only to the locations and period each one covers. Details
- How many Water Wings Swim School locations are there?
- The FDD reports 26 outlets at the end of 2025 (2026 FDD, Item 20, PDF p. 63). Existing locations do not indicate territory availability. Details
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: $35,000 (or business and 30 days after opening, you are required to spend a total of at least — 35000); $1,033,500 (As incurred Us, employees, third-party suppliers, Approved Suppliers, etc. TOTAL 15 — 1033500); several initial fee options apply.
- 2Item 19 covers 2 separate groups: other measures for 8 Affiliate owned; Table2 adjusted with expected franchise fees locations; other measures for 8 Affiliate owned, unadjusted Table1 locations. They are not combined.
- 3Outlets grew by 2 in 2025, to 26 (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.
- or business and 30 days after opening, you are required to spend a total of at least — 35000PDF p. 27$35,000
- As incurred Us, employees, third-party suppliers, Approved Suppliers, etc. TOTAL 15 — 1033500PDF p. 26$1,033,500
Standard single-unit franchise fee
2026 FDD · Item 5 · PDF p. 15
Discounted and multi-unit options are separate; see all fees.
Ongoing Fees — Item 6
Selected recurring charges; payment bases and conditions remain attached to each fee.
- OTHER FEES Type of Fee 1 Amount Due Date Remarks Royalty Fee — 6%Main ongoing fee
61 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?
Two separate populations, not a revenue-and-profit comparison. Revenue is not owner income.
Locations counted: not stated in the reviewed record
Other measures · 8 locations
- Who is counted
- Eight affiliate corporate schools open throughout2024 and2025
- Period
- Occupancy
- Excluded
- Note1: 13 schools,1partialyear+4gymexcluded. Note2conflicts:12schools,3gym+2under12monthsexcluded. Note4noCOGSconflictswithtable; Note12technology400conflictsItem6current750.
- Method
- Unaudited. High/low expense data correspond to highest/lowest sales school, not independent extrema. Table2 hypothetical franchise fees. Payroll excludes bonuses/PTO/severance/fringes/training/owner distributions. EBITDA before interest/tax/dep/amort/debt service.
Locations counted: not stated in the reviewed record
Other measures · 8 locations
- Who is counted
- Eight affiliate corporate schools open throughout2024 and2025
- Period
- EBITDA
- Excluded
- Note1: 13 schools,1partialyear+4gymexcluded. Note2conflicts:12schools,3gym+2under12monthsexcluded. Note4noCOGSconflictswithtable; Note12technology400conflictsItem6current750.
- Method
- Unaudited. High/low expense data correspond to highest/lowest sales school, not independent extrema. Table2 hypothetical franchise fees. Payroll excludes bonuses/PTO/severance/fringes/training/owner distributions. EBITDA before interest/tax/dep/amort/debt service. Table1 unlabeled extra column omitted.
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. 63
Net +8 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 ($35,000 – $1,033,500) 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 24 to 26 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]Standard initial franchise fee — Item 5 · PDF p. 15
- [2]Item 19 — Locations counted not stated in the reviewed record — Eight affiliate corporate schools open throughout2024 and2025 · PDF p. 60
- [3]Item 19 — Locations counted not stated in the reviewed record — Eight affiliate corporate schools open throughout2024 and2025 · PDF p. 60
- [4]Outlet counts — Item 20, Table 1 · PDF p. 63
"PDF p." is the page in the PDF file; "printed p." is the number printed on the FDD page. Source document: FDD
Territory & operations
17 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 | deferred initial franchise fee costs—current | $1,074 |
| 2025 | deferred initial franchise fee costs—net of current maturities | $11,745 |
| 2025 | operating lease liability—current | $4,181 |
| 2025 | salaries and wages | $30,513 |
| 2025 | inventoryMore than one value recorded for this year — open the FDD source before comparing | -$188 |
| 2025 | deferred attractions revenuesMore than one value recorded for this year — open the FDD source before comparing | $10,050 |
| 2025 | preferred units, $1,000 par value—312,968 authorized, issued, and outstanding | $304,582 |
| 2025 | membership liabilitiesMore than one value recorded for this year — open the FDD source before comparing | $1,942 |
| 2025 | notes payable—current | $4,253 |
| 2025 | notes payable—net of current portion | $402,474 |
| 2025 | contract liabilities—net of current portion | $53,825 |
| 2025 | deferred franchise fee revenues—current | $4,186 |
| 2025 | operating lease liability—net of current portion | $18,682 |
| 2025 | total liabilities | $528,621 |
| 2025 | total members’ equity | $292,000 |
| 2025 | allowance for credit losses | $3,871 |
| 2025 | common units, $1,000 par value—495,000 authorized; 247,117 and 234,742 issued, and outstanding | $181,204 |
| 2025 | selling, general, and administrative | $31,396 |
| 2025 | net loss | -$65,568 |
| 2025 | gain on transfer of operating lease right-of-use asset | -$4,244 |
| 2025 | interest expense | -$46,842 |
| 2025 | purchases of property and equipment | -$7,832 |
| 2025 | proceeds from sale of property and equipment | $40 |
| 2025 | operating lease liability | -$4,738 |
| 2025 | unpaid insurance losses and loss adjustments | $7,003 |
| 2025 | proceeds from issuance of notes payable | $16,000 |
| 2025 | cash and cash equivalents | $5,827 |
| 2025 | restricted cash | $1,996 |
| 2025 | accounts receivable—net | $20,351 |
| 2025 | inventoryMore than one value recorded for this year — open the FDD source before comparing | $832 |
| 2025 | deferred attraction costs | $5,397 |
| 2025 | prepaids and other current assetsMore than one value recorded for this year — open the FDD source before comparing | $3,833 |
| 2025 | total current assets | $39,310 |
| 2025 | operating lease right-of-use asset—net | $20,881 |
| 2025 | property and equipment—net | $21,484 |
| 2025 | goodwill—net | $316,282 |
| 2025 | intangible assets—net | $410,074 |
| 2025 | other assets | $845 |
| 2025 | total assets | $820,621 |
| 2025 | accounts payableMore than one value recorded for this year — open the FDD source before comparing | $4,829 |
| 2025 | accrued liabilitiesMore than one value recorded for this year — open the FDD source before comparing | $10,998 |
| 2025 | marketing fundsMore than one value recorded for this year — open the FDD source before comparing | $118 |
| 2025 | unpaid insurance losses and loss adjustment expenses | $13,083 |
| 2025 | total current liabilities | $53,640 |
| 2025 | accumulated deficit | -$193,786 |
| 2025 | royalty revenues | $79,118 |
| 2025 | attraction revenues | $27,258 |
| 2025 | rebate revenues | $14,590 |
| 2025 | company-owned unit revenues | $24,457 |
| 2025 | franchise fee revenues | $7,175 |
| 2025 | marketing fund revenues | $33,480 |
| 2025 | other revenues | $18,552 |
| 2025 | total revenues | $204,630 |
| 2025 | attraction costs | $21,106 |
| 2025 | company-owned unit costs | $19,564 |
| 2025 | marketing fund costs | $33,480 |
| 2025 | incurred insurance losses and loss adjustment expenses | $14,129 |
| 2025 | amortization of goodwill and intangibles | $69,066 |
| 2025 | depreciation and amortization expense | $3,261 |
| 2025 | total operating expenses | $222,515 |
| 2025 | loss from operations | -$17,885 |
| 2025 | loss on disposal of property and equipmentMore than one value recorded for this year — open the FDD source before comparing | -$300 |
| 2025 | other income—net | $403 |
| 2025 | total other expenses | -$46,739 |
| 2025 | federal tax expense | -$697 |
| 2025 | loss before federal and state tax expenses | -$64,624 |
| 2025 | state tax expense | -$247 |
| 2025 | amortization of debt issuance costs | $3,049 |
| 2025 | operating lease right-of-use asset amortization | $4,250 |
| 2025 | loss on disposal of property and equipmentMore than one value recorded for this year — open the FDD source before comparing | $32 |
| 2025 | accounts receivable | $423 |
| 2025 | deferred attractions costs | $14,861 |
| 2025 | deferred initial franchise fee costs | $456 |
| 2025 | deferred income taxes | $492 |
| 2025 | prepaids and other current assetsMore than one value recorded for this year — open the FDD source before comparing | $1,567 |
| 2025 | accounts payableMore than one value recorded for this year — open the FDD source before comparing | -$893 |
| 2025 | accrued liabilitiesMore than one value recorded for this year — open the FDD source before comparing | -$4,328 |
| 2025 | membership liabilitiesMore than one value recorded for this year — open the FDD source before comparing | -$826 |
| 2025 | marketing fundsMore than one value recorded for this year — open the FDD source before comparing | -$3,585 |
| 2025 | deferred attractions revenuesMore than one value recorded for this year — open the FDD source before comparing | -$4,850 |
| 2025 | contract liabilities | $2,755 |
| 2025 | net cash provided by | $18,031 |
| 2025 | proceeds from sale of investments | $4,376 |
| 2025 | payments made and proceeds from notes receivable—net | -$457 |
| 2025 | net cash used in investing activities | -$19,300 |
| 2025 | debt issuance costs | -$1,360 |
| 2025 | payments made on notes payable | -$4,254 |
| 2025 | member contributions | $2,975 |
| 2025 | member distributions | -$17,413 |
| 2025 | net cash | -$4,052 |
| 2025 | net change in cash and cash equivalents | -$5,321 |
| 2025 | cash, cash equivalents and restricted cash—end of year | $7,823 |
| 2025 | cash paid for interest expense | $46,842 |
| 2025 | issuance of common units | $21,000 |
| 2025 | operating lease right-of-use asset obtained in exchange for operating lease liability | $10,594 |
| 2025 | acquired accrued liabilities | -$653 |
| 2024 | accounts receivable—net | $24,645 |
| 2024 | investments—at fair value | $4,376 |
| 2024 | restricted cash | $6,018 |
| 2024 | operating lease right-of-use asset—net | $25,256 |
| 2024 | total current assets | $69,632 |
| 2024 | property and equipment—net | $11,690 |
| 2024 | deferred initial franchise fee costs—net of current maturities | $12,329 |
| 2024 | goodwill—net | $331,381 |
| 2024 | intangible assets—net | $432,462 |
| 2024 | accrued liabilitiesMore than one value recorded for this year — open the FDD source before comparing | $14,673 |
| 2024 | total current liabilities | $60,143 |
| 2024 | franchise fee revenues | $15,770 |
| 2024 | marketing fund revenues | $25,823 |
| 2024 | other revenues | $17,072 |
| 2024 | amortization of goodwill and intangibles | $64,469 |
| 2024 | attraction costs | $18,362 |
| 2024 | loss before federal and state tax expenses | -$68,115 |
| 2024 | gain on transfer of operating lease right-of-use asset | -$1,861 |
| 2024 | purchases of property and equipment | -$5,374 |
| 2024 | accounts payableMore than one value recorded for this year — open the FDD source before comparing | $921 |
| 2024 | cash, cash equivalents and restricted cash—beginning of year | $16,048 |
| 2024 | payments made and proceeds from notes receivable—net | -$276 |
| 2024 | deferred initial franchise fee costs | $7,932 |
| 2024 | marketing fundsMore than one value recorded for this year — open the FDD source before comparing | -$620 |
| 2024 | net cash provided by | -$7,169 |
| 2024 | prepaids and other current assetsMore than one value recorded for this year — open the FDD source before comparing | $2,095 |
| 2024 | proceeds from issuance of notes payable | $133,000 |
| 2024 | member distributions | -$1,223 |
| 2024 | cash, cash equivalents and restricted cash—end of year | $13,144 |
| 2024 | cash and cash equivalents | $7,126 |
| 2024 | inventoryMore than one value recorded for this year — open the FDD source before comparing | $598 |
| 2024 | deferred attraction costs | $20,258 |
| 2024 | deferred initial franchise fee costs—current | $946 |
| 2024 | deferred income taxesMore than one value recorded for this year — open the FDD source before comparing | $492 |
| 2024 | prepaids and other current assetsMore than one value recorded for this year — open the FDD source before comparing | $5,173 |
| 2024 | other assets | $388 |
| 2024 | total assets | $883,138 |
| 2024 | accounts payableMore than one value recorded for this year — open the FDD source before comparing | $5,722 |
| 2024 | membership liabilitiesMore than one value recorded for this year — open the FDD source before comparing | $2,768 |
| 2024 | operating lease liability—current | $4,699 |
| 2024 | marketing fundsMore than one value recorded for this year — open the FDD source before comparing | $3,703 |
| 2024 | deferred attractions revenuesMore than one value recorded for this year — open the FDD source before comparing | $14,900 |
| 2024 | deferred franchise fee revenues—current | $3,505 |
| 2024 | unpaid insurance losses and loss adjustment expenses | $6,080 |
| 2024 | notes payable—current | $4,093 |
| 2024 | operating lease liability—net of current portion | $31,039 |
| 2024 | contract liabilities—net of current portion | $51,751 |
| 2024 | notes payable—net of current portion | $389,199 |
| 2024 | total liabilities | $532,132 |
| 2024 | preferred units, $1,000 par value—312,968 authorized, issued, and outstanding | $313,777 |
| 2024 | common units, $1,000 par value—495,000 authorized; 247,117 and 234,742 issued, and outstanding | $165,447 |
| 2024 | accumulated deficit | -$128,218 |
| 2024 | total members’ equity | $351,006 |
| 2024 | royalty revenues | $85,301 |
| 2024 | attraction revenues | $22,012 |
| 2024 | rebate revenues | $13,731 |
| 2024 | company-owned unit revenues | $15,001 |
| 2024 | total revenues | $194,710 |
| 2024 | company-owned unit costs | $14,595 |
| 2024 | marketing fund costs | $25,823 |
| 2024 | salaries and wages | $38,076 |
| 2024 | selling, general, and administrative | $44,973 |
| 2024 | depreciation and amortization expense | $2,039 |
| 2024 | total operating expenses | $208,330 |
| 2024 | loss from operations | -$13,620 |
| 2024 | interest expense | -$52,894 |
| 2024 | loss on disposal of property and equipmentMore than one value recorded for this year — open the FDD source before comparing | -$152 |
| 2024 | impairment of intangible assets | -$2,273 |
| 2024 | other income—net | $824 |
| 2024 | total other expenses | -$54,495 |
| 2024 | federal tax expense | -$290 |
| 2024 | state tax expense | -$262 |
| 2024 | net loss | -$68,667 |
| 2024 | allowance for credit losses | $1,440 |
| 2024 | amortization of debt issuance costs | $2,474 |
| 2024 | operating lease right-of-use asset amortization | $4,391 |
| 2024 | loss on disposal of property and equipmentMore than one value recorded for this year — open the FDD source before comparing | $55 |
| 2024 | accounts receivable | -$5,860 |
| 2024 | inventoryMore than one value recorded for this year — open the FDD source before comparing | -$8 |
| 2024 | deferred attractions costs | -$4,723 |
| 2024 | deferred income taxesMore than one value recorded for this year — open the FDD source before comparing | $59 |
| 2024 | accrued liabilitiesMore than one value recorded for this year — open the FDD source before comparing | -$7,595 |
| 2024 | membership liabilitiesMore than one value recorded for this year — open the FDD source before comparing | $1,147 |
| 2024 | deferred attractions revenuesMore than one value recorded for this year — open the FDD source before comparing | -$153 |
| 2024 | contract liabilities | -$3,602 |
| 2024 | operating lease liability | -$4,575 |
| 2024 | unpaid insurance losses and loss adjustments | -$3,954 |
| 2024 | unearned insurance premium | -$149 |
| 2024 | proceeds from sale of investments | $2,501 |
| 2024 | net cash used in investing activities | -$178,365 |
| 2024 | debt issuance costs | -$3,378 |
| 2024 | payments made on notes payable | -$4,094 |
| 2024 | member contributions | $58,325 |
| 2024 | net cash | $182,630 |
| 2024 | net change in cash and cash equivalents | -$2,904 |
| 2024 | cash paid for interest expense | $52,894 |
| 2024 | operating lease right-of-use asset obtained in exchange for operating lease liability | $506 |
| 2024 | acquired accrued liabilities | -$6,793 |
| 2023 | netMore than one value recorded for this year — open the FDD source before comparing | $343,739 |
| 2023 | total lia bil ities | $419,045 |
| 2023 | attraction costs | $17,348 |
| 2023 | loss before federal tax benefit and state tax expense | -$60,268 |
| 2023 | accumula ted deficit | -$59,551 |
| 2023 | franchise fee revenues | $4,526 |
| 2023 | preferred units, $1,000 par value—312,968 and 260,258 authorized, issued, and outstanding | $256,078 |
| 2023 | total operating expenses | $174,848 |
| 2023 | accounts pa ya bl e | $118 |
| 2023 | los s on dis pos al of property and equipment | $216 |
| 2023 | deferred attra cti ons cos ts | $3,106 |
| 2023 | company-owned unit costs | $17,066 |
| 2023 | other income—net | $901 |
| 2023 | opera ting leas e lia bility | -$3,681 |
| 2023 | purcha s es of property a nd equipment | -$1,925 |
| 2023 | payments made and proceeds from notes recei va ble | $441 |
| 2023 | unpa id insura nce los ses a nd los s adjus tment expens es | $10,034 |
| 2023 | total assets | $781,616 |
| 2023 | accrued l iabilities | $18,244 |
| 2023 | netMore than one value recorded for this year — open the FDD source before comparing | $307,074 |
| 2023 | currentMore than one value recorded for this year — open the FDD source before comparing | $5,190 |
| 2023 | deferred a ttra ction cos ts | $15,535 |
| 2023 | net of current portionMore than one value recorded for this year — open the FDD source before comparing | $262,540 |
| 2023 | netMore than one value recorded for this year — open the FDD source before comparing | $15,981 |
| 2023 | net of current maturiti es | $19,418 |
| 2023 | total current a s s ets | $64,898 |
| 2023 | ca s h and cas h equival ents | $16,048 |
| 2023 | inventoryMore than one value recorded for this year — open the FDD source before comparing | $1,366 |
| 2023 | net of current portionMore than one value recorded for this year — open the FDD source before comparing | $53,087 |
| 2023 | deferred a ttra ctions revenues | $14,677 |
| 2023 | currentMore than one value recorded for this year — open the FDD source before comparing | $2,750 |
| 2023 | unea rned insura nce premiumMore than one value recorded for this year — open the FDD source before comparing | $149 |
| 2023 | marketing funds | $3,396 |
| 2023 | total current l iabiliti es | $61,350 |
| 2023 | net of current portionMore than one value recorded for this year — open the FDD source before comparing | $42,068 |
| 2023 | currentMore than one value recorded for this year — open the FDD source before comparing | $2,893 |
| 2023 | at fa ir va lue | $6,877 |
| 2023 | netMore than one value recorded for this year — open the FDD source before comparing | $8,184 |
| 2023 | currentMore than one value recorded for this year — open the FDD source before comparing | $1,069 |
| 2023 | netMore than one value recorded for this year — open the FDD source before comparing | $38,191 |
| 2023 | other assets | $112 |
| 2023 | deferred income taxes | $551 |
| 2023 | accounts paya bl e | $4,017 |
| 2023 | prepaids a nd other current a s sets | $7,471 |
| 2023 | total members’ equity | $362,571 |
| 2023 | royalty revenues | $56,147 |
| 2023 | attraction revenues | $23,757 |
| 2023 | merchandise revenues | $7,617 |
| 2023 | company-owned unit revenues | $19,370 |
| 2023 | marketing fund revenues | $23,995 |
| 2023 | net earned insurance premiums | $3,154 |
| 2023 | other revenues | $12,921 |
| 2023 | total revenues | $151,487 |
| 2023 | common units, $1,000 par value—495,000 authorized; 234,742 issued and outstanding | $166,044 |
| 2023 | marketing fund costs | $23,995 |
| 2023 | salaries and wages | $25,809 |
| 2023 | incurred insurance losses and loss adjustment expenses | $7,060 |
| 2023 | selling, general, and administrative | $28,082 |
| 2023 | loss from operations | -$23,361 |
| 2023 | interest expense | -$37,592 |
| 2023 | loss on disposal of property and equipment | -$216 |
| 2023 | total other expenses | -$36,907 |
| 2023 | inventoryMore than one value recorded for this year — open the FDD source before comparing | -$607 |
| 2023 | federal tax | $863 |
| 2023 | state tax expense | -$211 |
| 2023 | net loss | -$59,616 |
| 2023 | al lowa nce for credi t los s es | $660 |
| 2023 | amortiza tion of debt is s ua nce costs | $1,740 |
| 2023 | opera ting lea s e right-of-us e a ss et a morti za tion | $7,255 |
| 2023 | ga in on tra ns fer of operating l ea s e right-of-us e a ss et | -$1,117 |
| 2023 | impa irment of as sets | $159 |
| 2023 | accounts receiva ble | -$1,890 |
| 2023 | deferred initia l fra nchis e fee costs | -$284 |
| 2023 | deferred income ta xes | -$268 |
| 2023 | prepa ids and other current a ss ets | $1,635 |
| 2023 | accrued li abili ties | $4,958 |
| 2023 | ma rketing funds | -$2,605 |
| 2023 | deferred attra ctions revenues | $635 |
| 2023 | contra ct l iabil ities | $9,773 |
| 2023 | unpa id insura nce los s es a nd los s a djus tments | $3,663 |
| 2023 | unea rned insura nce premiumMore than one value recorded for this year — open the FDD source before comparing | -$2,719 |
| 2023 | ins ura nce premium refunds a nd los s es pa ya ble | -$20 |
| 2023 | net cas h | $16,599 |
| 2023 | proceeds from sa le of inves tments | $1,281 |
| 2023 | net cas h used i n inves ting acti vities | -$203 |
| 2023 | payments made on line of credi t | -$2,000 |
| 2023 | payments made on notes pa yable | -$2,750 |
| 2023 | member dis tributions | -$7,950 |
| 2023 | net cas h provided by | -$12,700 |
| 2023 | net change in cash and cash equivalents | $3,696 |
| 2023 | beginning of yea r | $12,352 |
| 2023 | ca s h pa id for interest expens e | $37,296 |
| 2023 | opera ti ng lea se right-of-us e a s set obtai ned in excha nge for opera ting lea s e lia bility | $12,886 |
| 2023 | acqui red a ccrued l iabil ities | -$11 |
These figures describe the franchisor company, not individual franchise locations.
SBA-backed loans to franchisees
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Source: U.S. Small Business Administration 7(a) & 504 FOIA data. Loan volume is not a measure of franchisee success.
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At a glance
Business history
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Owner participation
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Territory language
Litigation disclosure
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Bankruptcy disclosure
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Reader notes on wording
Our automated check found that these summaries may not match the FDD's exact wording. Read the FDD excerpt itself; it is the authoritative text. Core cost, fee, Item 19 and outlet figures are not affected.
Item 19 · PDF p. 60 · 2026 FDD
Our summary: Table1 Median — Cost of goods sold
“Median $1,516,103 $46,184 $303,523 $90,966 $561,373 $1,346 $24,363 $505,144”
Note: Table 1 reports median Cost of Goods Sold of $46,184 on PDF page 60, while Note 4 on PDF page 62 states there was no applicable Cost of Goods Sold at fiscal year-end 2025; the FDD does not reconcile these statements.
Item 19 · PDF p. 60 · 2026 FDD
Our summary: Table2 Low — Cost of goods sold
“Low $344,782 $9,533 $226,901 $24,135 $192,097 $(322) $22,411 $14,561 $(144,533) -41.9%”
Note: Table 2 reports low-group Cost of Goods Sold of $9,533 on PDF page 60, but Note 4 on PDF page 62 states there was no applicable Cost of Goods Sold as of fiscal year-end 2025. The FDD does not reconcile these statements.
Item 19 · PDF p. 60 · 2026 FDD
Our summary: Table1 Low — Cost of goods sold
“Low $344,782 $9,533 $226,901 $20,687 $192,097 $(322) $14,561 $(118,675)”
Note: Table 1 reports Low Cost of Goods Sold of $9,533 on PDF page 60, but Note 4 on PDF page 62 states there was no applicable Cost of Goods Sold at fiscal year-end 2025; the FDD does not reconcile these statements.
Item 19 · PDF p. 60 · 2026 FDD
Our summary: Table1 High — Cost of goods sold
“High $2,836,794 8 $93,625 $507,028 $170,208 $988,972 $1,631 $51,640 $1,023,691”
Note: Table 1 reports High Cost of Goods Sold of $93,625 on PDF page 60, but Note 4 on PDF page 62 states there was no applicable Cost of Goods Sold at fiscal year-end 2025; the FDD does not reconcile these statements.
Item 19 · PDF p. 60 · 2026 FDD
Our summary: Table2 High — Cost of goods sold
“High $2,836,794 8 $93,625 $507,028 $198,576 $988,972 $1,631 $184,392 $51,640 $810,931 28.6%”
Note: Item 19 Table 2 reports high-group COGS of $93,625 on PDF page 60, while Note 4 on PDF page 62 says there was no applicable Cost of Goods Sold as of fiscal year-end 2025; the FDD does not reconcile these statements.
Item 19 · PDF p. 60 · 2026 FDD
Our summary: Table2 Median — Cost of goods sold
“Median $1,516,103 $46,184 $303,523 $106,127 $561,373 $1,346 $98,547 $24,363 $391,436 26.0%”
Note: Table 2 reports median Cost of Goods Sold of $46,184 on PDF page 60, but Note 4 on PDF page 62 says there was no applicable Cost of Goods Sold as of fiscal year-end 2025; the FDD does not reconcile these statements.
Item 19 · PDF p. 60 · 2026 FDD
Our summary: Table2 number above average — Cost of goods sold
“No Above Avg. 4 4 4 4 4 4 4 3 4 7”
Note: Table 2 reports four schools above average for Cost of Goods Sold on PDF page 60, but Note 4 on PDF page 62 states no applicable Cost of Goods Sold at FY2025 end; the FDD does not reconcile the table count with that note.
Item 19 · PDF p. 60 · 2026 FDD
Our summary: Table1 Avg. — Cost of goods sold
“Avg. $1,592,892 $48,762 $320,967 $95,574 $565,051 $1,177 $29,673 $531,689”
Note: Table 1 reports average Cost of Goods Sold of $48,762 on PDF page 60, while Note 4 on PDF page 62 states there was no applicable Cost of Goods Sold at fiscal year-end 2025; the FDD does not reconcile these statements.
Item 19 · PDF p. 60 · 2026 FDD
Our summary: Table2 Avg. — Cost of goods sold
“Avg. $1,592,892 $48,762 $320,967 $111,502 $565,051 $1,177 $103,538 $29,673 $412,222 18.4%”
Note: Table 2 reports average Cost of Goods Sold of $48,762 on PDF page 60, but Note 4 on PDF page 62 says there was no applicable Cost of Goods Sold as of fiscal year-end 2025; the FDD does not reconcile these statements.
Item 20 · PDF p. 64 · 2026 FDD
Our summary: Table 4 California 2024 — sold to franchisees
“2024 4 1 0 0 0 5”
Note: This is not a verifiable national/systemwide Total row for Item 20.
Item 21 · PDF p. 315 · 2026 FDD
Our summary: Net — 2023
“Net 432,462 343,739”
Note: The cited p. 315 has no extractable text in get_fdd_pages; the claim quote cannot be checked against readable page content.
Item 21 · PDF p. 315 · 2026 FDD
Our summary: Total lia bil ities — 2023
“Total lia bil ities 532,132 419,045”
Note: The cited p. 315 has no extractable text in get_fdd_pages; the claim quote cannot be checked against readable page content.
Item 21 · PDF p. 315 · 2026 FDD
Our summary: Unpa id insura nce los ses a nd los s adjus tment expens es — 2023
“Unpa id insura nce los ses a nd los s adjus tment expens es 6,080 10,034”
Note: The cited p. 315 has no extractable text in get_fdd_pages; the claim quote cannot be checked against readable page content.
Item 21 · PDF p. 315 · 2026 FDD
Our summary: TOTAL ASSETS — 2023
“TOTAL ASSETS $ 883,138 781,616 $”
Note: The cited p. 315 has no extractable text in get_fdd_pages; the claim quote cannot be checked against readable page content.
Item 21 · PDF p. 315 · 2026 FDD
Our summary: Accrued l iabilities — 2023
“Accrued l iabilities 17,441 18,244”
Note: The cited p. 315 is reported as having no extractable text by get_fdd_pages; the claim quote alone does not let me verify the row against the PDF.
Item 21 · PDF p. 315 · 2026 FDD
Our summary: Net — 2023
“Net 331,381 307,074”
Note: The cited p. 315 has no extractable text in get_fdd_pages; the claim quote cannot be checked against readable page content.
Item 21 · PDF p. 315 · 2026 FDD
Our summary: current — 2023
“current 4,699 5,190”
Note: The cited p. 315 is reported as having no extractable text by get_fdd_pages; the claim quote alone does not let me verify the row against the PDF.
Item 21 · PDF p. 315 · 2026 FDD
Our summary: Deferred a ttra ction cos ts — 2023
“Deferred a ttra ction cos ts 20,258 15,535”
Note: The cited p. 315 has no extractable text in get_fdd_pages; the claim quote cannot be checked against readable page content.
Item 21 · PDF p. 315 · 2026 FDD
Our summary: Net of current portion — 2023
“Net of current portion 389,199 262,540”
Note: The cited p. 315 has no extractable text in get_fdd_pages; the claim quote cannot be checked against readable page content.
Item 21 · PDF p. 315 · 2026 FDD
Our summary: net — 2023
“net 24,645 15,981”
Note: The cited p. 315 has no extractable text in get_fdd_pages; the claim quote cannot be checked against readable page content.
Item 21 · PDF p. 315 · 2026 FDD
Our summary: Net of current maturiti es — 2023
“Net of current maturiti es 12,329 19,418”
Note: The cited p. 315 has no extractable text in get_fdd_pages; the claim quote cannot be checked against readable page content.
Item 21 · PDF p. 315 · 2026 FDD
Our summary: Total current a s s ets — 2023
“Total current a s s ets 69,632 64,898”
Note: The cited p. 315 has no extractable text in get_fdd_pages; the claim quote cannot be checked against readable page content.
Item 21 · PDF p. 315 · 2026 FDD
Our summary: Ca s h and cas h equival ents — 2023
“Ca s h and cas h equival ents 13,144 $ 16,048 $”
Note: The cited p. 315 has no extractable text in get_fdd_pages; the claim quote cannot be checked against readable page content.
Item 21 · PDF p. 315 · 2026 FDD
Our summary: Inventory — 2023
“Inventory 598 1,366”
Note: The cited p. 315 has no extractable text in get_fdd_pages; the claim quote cannot be checked against readable page content.
Item 21 · PDF p. 315 · 2026 FDD
Our summary: Net of current portion — 2023
“Net of current portion 51,751 53,087”
Note: The cited p. 315 has no extractable text in get_fdd_pages; the claim quote cannot be checked against readable page content.
Item 21 · PDF p. 315 · 2026 FDD
Our summary: Deferred a ttra ctions revenues — 2023
“Deferred a ttra ctions revenues 14,900 14,677”
Note: The cited p. 315 is reported as having no extractable text by get_fdd_pages; the claim quote alone does not let me verify the row against the PDF.
Item 21 · PDF p. 315 · 2026 FDD
Our summary: current — 2023
“current 4,093 2,750”
Note: The cited p. 315 has no extractable text in get_fdd_pages; the claim quote cannot be checked against readable page content.
Item 21 · PDF p. 315 · 2026 FDD
Our summary: Unea rned insura nce premium — 2023
“Unea rned insura nce premium 0 149”
Note: The cited p. 315 has no extractable text in get_fdd_pages; the claim quote cannot be checked against readable page content.
Item 21 · PDF p. 315 · 2026 FDD
Our summary: Marketing funds — 2023
“Marketing funds 3,703 3,396”
Note: The cited p. 315 is reported as having no extractable text by get_fdd_pages; the claim quote alone does not let me verify the row against the PDF.
Item 21 · PDF p. 315 · 2026 FDD
Our summary: Total current l iabiliti es — 2023
“Total current l iabiliti es 60,143 61,350”
Note: The cited p. 315 has no extractable text in get_fdd_pages; the claim quote cannot be checked against readable page content.
Item 21 · PDF p. 315 · 2026 FDD
Our summary: Net of current portion — 2023
“Net of current portion 31,039 42,068”
Note: The cited p. 315 has no extractable text in get_fdd_pages; the claim quote cannot be checked against readable page content.
Item 21 · PDF p. 315 · 2026 FDD
Our summary: current — 2023
“current 3,505 2,893”
Note: The cited p. 315 has no extractable text in get_fdd_pages; the claim quote cannot be checked against readable page content.
Item 21 · PDF p. 315 · 2026 FDD
Our summary: at fa ir va lue — 2023
“at fa ir va lue 4,376 6,877”
Note: The cited p. 315 has no extractable text in get_fdd_pages; the claim quote cannot be checked against readable page content.
Item 21 · PDF p. 315 · 2026 FDD
Our summary: Net — 2023
“Net 11,690 8,184”
Note: The cited p. 315 has no extractable text in get_fdd_pages; the claim quote cannot be checked against readable page content.
Item 21 · PDF p. 315 · 2026 FDD
Our summary: current — 2023
“current 946 1,069”
Note: The cited p. 315 has no extractable text in get_fdd_pages; the claim quote cannot be checked against readable page content.
Item 21 · PDF p. 315 · 2026 FDD
Our summary: Net — 2023
“Net 25,256 38,191”
Note: The cited p. 315 has no extractable text in get_fdd_pages; the claim quote cannot be checked against readable page content.
Item 21 · PDF p. 315 · 2026 FDD
Our summary: OTHER ASSETS — 2023
“OTHER ASSETS 388 112”
Note: The cited p. 315 has no extractable text in get_fdd_pages; the claim quote cannot be checked against readable page content.
Item 21 · PDF p. 315 · 2026 FDD
Our summary: Deferred income taxes — 2023
“Deferred income taxes 492 551”
Note: The cited p. 315 has no extractable text in get_fdd_pages; the claim quote cannot be checked against readable page content.
Item 21 · PDF p. 315 · 2026 FDD
Our summary: Accounts paya bl e — 2023
“Accounts paya bl e 5,722 $ 4,017 $”
Note: The cited p. 315 has no extractable text in get_fdd_pages; the claim quote cannot be checked against readable page content.
Item 21 · PDF p. 315 · 2026 FDD
Our summary: Prepaids a nd other current a s sets — 2023
“Prepaids a nd other current a s sets 5,173 7,471”
Note: The cited p. 315 has no extractable text in get_fdd_pages; the claim quote cannot be checked against readable page content.
Independent analysis of franchisor-provided data. Not investment advice. Franopolis does not distribute FDDs.