Wild Birds Unlimited, Inc.
Franchise research report · reviewed 2026 disclosure data
Researching Wild Birds Unlimited, Inc. franchise opportunities? Every figure below is cited to the FDD.
Reviewed sources
- Franchising since
- 1983 Source: franchise.org
- Headquarters
- Carmel, IN United States Source: franchise.org
Wild Birds Unlimited franchise specializes in backyard bird feeding supplies, nature products, and educational services for bird enthusiasts and nature lovers.
Headline figures
Quick facts
- How much does it cost to open a Wild Birds Unlimited, Inc. franchise?
- The Wild Birds Unlimited, Inc. Franchise Disclosure Document reports separate estimated initial investments by format: $190,135 for ed employees, suppliers, utilities, vendors, third parties total opening expenses 18 — 190135 (2026 FDD, Item 7, PDF p. 24); $231,635 for ed employees, suppliers, utilities, vendors, third parties total opening expenses 18 — 231635 (2026 FDD, Item 7, PDF p. 21); $205,135–$346,892 for ed employees, suppliers, utilities, vendors, third parties total opening expenses 18 — 205135 (2026 FDD, Item 7, PDF p. 22). These formats are not combined. Each is the franchisor's disclosed estimate, not a quote. Details
- What ongoing fees does Wild Birds Unlimited, Inc. charge?
- The disclosed ongoing royalty is $4 (2026 FDD, Item 6, PDF p. 14). The brand or advertising fund contribution is $1 (2026 FDD, Item 6, PDF p. 15). Other recurring fees are listed in Item 6. Details
- Does Wild Birds Unlimited, Inc. disclose financial performance (Item 19)?
- Yes. The Wild Birds Unlimited, Inc. FDD includes an Item 19 financial performance representation (2026 FDD, Item 19, PDF p. 54). Figures apply only to the locations and period each one covers. Details
- How many Wild Birds Unlimited, Inc. locations are there?
- The FDD reports 690 outlets at the end of 2025 (2026 FDD, Item 20, PDF p. 65). 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: $190,135 (ed Employees, Suppliers, Utilities, Vendors, Third Parties Total Opening Expenses 18 — 190135); $231,635 (ed Employees, Suppliers, Utilities, Vendors, Third Parties Total Opening Expenses 18 — 231635); $205,135 – $346,892 (ed Employees, Suppliers, Utilities, Vendors, Third Parties Total Opening Expenses 18 — 205135); several initial fee options apply.
- 2Item 19 covers 34 separate groups: revenue for 320 Franchised US; officerowned and seasonal kiosks included locations; other measures for 320 Franchised US; officerowned and seasonal kiosks included locations; other measures for 317 Franchised US; officerowned and seasonal kiosks included locations; revenue for 317 Franchised US; officerowned and seasonal kiosks included locations; revenue for 326 Franchised US; officerowned and seasonal kiosks included locations; revenue for 317 Franchised US; officerowned and seasonal kiosks included locations; revenue for 320 Franchised US; officerowned and seasonal kiosks included locations; revenue for 163 Franchised US; officerowned and seasonal kiosks included locations; revenue for 326 Franchised US; officerowned and seasonal kiosks included locations; revenue for 163 Franchised US; officerowned and seasonal kiosks included locations; other measures for 326 Franchised US; officerowned and seasonal kiosks included locations; revenue for 326 Franchised US; officerowned and seasonal kiosks included locations; other measures and revenue and costs for 311 Franchised US; officerowned and seasonal kiosks included locations; revenue and other measures for 28 Franchised US; officerowned and seasonal kiosks included locations; other measures and costs and revenue for 310 Franchised US; officerowned and seasonal kiosks included locations; costs and revenue for Franchised US; officerowned and seasonal kiosks included locations; revenue and costs and other measures for 306 Franchised US; officerowned and seasonal kiosks included locations; revenue and costs for Franchised US; officerowned and seasonal kiosks included locations; costs and revenue for Franchised US; officerowned and seasonal kiosks included locations; other measures for 310 Franchised US; officerowned and seasonal kiosks included locations; other measures for 311 Franchised US; officerowned and seasonal kiosks included locations; other measures for 155 Franchised US; officerowned and seasonal kiosks included locations; other measures for 306 Franchised US; officerowned and seasonal kiosks included locations; other measures for 155 Franchised US; officerowned and seasonal kiosks included locations; other measures for 19 Franchised US; officerowned and seasonal kiosks included locations; memberships and revenue for 318 Franchised US; officerowned and seasonal kiosks included locations; memberships and revenue for 285 Franchised US; officerowned and seasonal kiosks included locations; memberships and revenue for 320 Franchised US; officerowned and seasonal kiosks included locations; other measures for 27 Franchised US; officerowned and seasonal kiosks included locations; other measures for 32 Franchised US; officerowned and seasonal kiosks included locations; other measures for 28 Franchised US; officerowned and seasonal kiosks included locations; other measures for Franchised US; officerowned and seasonal kiosks included locations; other measures for Franchised US; officerowned and seasonal kiosks included locations; other measures for Franchised US; officerowned and seasonal kiosks included locations. They are not combined.
- 3Outlets grew by 8 in 2025, to 690 (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 3 single-unit formats
2026 FDD · Item 7
Formats disclosed in Item 7 (3)
Each format has its own total. The total depends on the format you choose.
- ed Employees, Suppliers, Utilities, Vendors, Third Parties Total Opening Expenses 18 — 190135PDF p. 24$190,135
- ed Employees, Suppliers, Utilities, Vendors, Third Parties Total Opening Expenses 18 — 205135PDF p. 22$205,135 – $346,892
- ed Employees, Suppliers, Utilities, Vendors, Third Parties Total Opening Expenses 18 — 231635PDF p. 21$231,635
Ongoing Fees — Item 6
Selected recurring charges; payment bases and conditions remain attached to each fee.
- ITEM 6 Other Fees 1 Type of Fee Amount Due Date Remarks Royalty — 4%Main ongoing fee
68 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?
34 separate populations, shown apart. Revenue is not owner income.
Locations counted: not stated in the reviewed record
Revenue · 320 locations
- Who is counted
- Schedule1 same store24months — 2024
- Period
- 2024
- Excluded
- Canadian,5smallformat,nonfullmeasurementperiod,closed/temporarilyclosed excluded;2024companyconversion excluded.
- Method
- Franchisee monthly reports/P&L; merchandise/service grosssales includingmail/internet/phone; sourceunchanged.
Locations counted: not stated in the reviewed record
Other measures · 320 locations
- Who is counted
- Annual gross sales ranges12months;source total
- Period
- 2024
- Excluded
- Canadian,5smallformat,nonfullmeasurementperiod,closed/temporarilyclosed excluded;2024companyconversion excluded.
- Method
- Franchisee monthly reports/P&L; merchandise/service grosssales includingmail/internet/phone; sourceunchanged.
Locations counted: not stated in the reviewed record
Other measures · 317 locations
- Who is counted
- Annual gross sales ranges12months;source total
- Period
- 2023
- Excluded
- Canadian,5smallformat,nonfullmeasurementperiod,closed/temporarilyclosed excluded;2024companyconversion excluded.
- Method
- Franchisee monthly reports/P&L; merchandise/service grosssales includingmail/internet/phone; sourceunchanged.
Locations counted: not stated in the reviewed record
Revenue · 317 locations
- Who is counted
- Schedule1 same store24months — 2023
- Period
- 2023 percent
- Excluded
- Canadian,5smallformat,nonfullmeasurementperiod,closed/temporarilyclosed excluded;2024companyconversion excluded.
- Method
- Franchisee monthly reports/P&L; merchandise/service grosssales includingmail/internet/phone; sourceunchanged.
Locations counted: not stated in the reviewed record
Revenue · 326 locations
- Who is counted
- Schedule1 same store24months — 2025
- Period
- 2025
- Excluded
- Canadian,5smallformat,nonfullmeasurementperiod,closed/temporarilyclosed excluded;2024companyconversion excluded.
- Method
- Franchisee monthly reports/P&L; merchandise/service grosssales includingmail/internet/phone; sourceunchanged.
Locations counted: not stated in the reviewed record
Revenue · 317 locations
- Who is counted
- Schedule2A full24months — 2023
- Period
- 2023
- Excluded
- Canadian,5smallformat,nonfullmeasurementperiod,closed/temporarilyclosed excluded;2024companyconversion excluded.
- Method
- Franchisee monthly reports/P&L; merchandise/service grosssales includingmail/internet/phone; sourceunchanged.
Locations counted: not stated in the reviewed record
Revenue · 320 locations
- Who is counted
- Schedule2A full24months — 2024
- Period
- 2024
- Excluded
- Canadian,5smallformat,nonfullmeasurementperiod,closed/temporarilyclosed excluded;2024companyconversion excluded.
- Method
- Franchisee monthly reports/P&L; merchandise/service grosssales includingmail/internet/phone; sourceunchanged.
Locations counted: not stated in the reviewed record
Revenue · 163 locations
- Who is counted
- Schedule2B annual gross sales ranked half — 2025 Lower Half
- Period
- 2025 Lower Half
- Excluded
- Canadian,5smallformat,nonfullmeasurementperiod,closed/temporarilyclosed excluded;2024companyconversion excluded.
- Method
- Franchisee monthly reports/P&L; merchandise/service grosssales includingmail/internet/phone; sourceunchanged.
Locations counted: not stated in the reviewed record
Revenue · 326 locations
- Who is counted
- Schedule2A full24months — 2025
- Period
- 2025
- Excluded
- Canadian,5smallformat,nonfullmeasurementperiod,closed/temporarilyclosed excluded;2024companyconversion excluded.
- Method
- Franchisee monthly reports/P&L; merchandise/service grosssales includingmail/internet/phone; sourceunchanged.
Locations counted: not stated in the reviewed record
Revenue · 163 locations
- Who is counted
- Schedule2B annual gross sales ranked half — 2025 Top Half
- Period
- 2025 Top Half
- Excluded
- Canadian,5smallformat,nonfullmeasurementperiod,closed/temporarilyclosed excluded;2024companyconversion excluded.
- Method
- Franchisee monthly reports/P&L; merchandise/service grosssales includingmail/internet/phone; sourceunchanged.
Locations counted: not stated in the reviewed record
Other measures · 326 locations
- Who is counted
- Annual gross sales ranges12months;source total
- Period
- 2025
- Excluded
- Canadian,5smallformat,nonfullmeasurementperiod,closed/temporarilyclosed excluded;2024companyconversion excluded.
- Method
- Franchisee monthly reports/P&L; merchandise/service grosssales includingmail/internet/phone; sourceunchanged.
Locations counted: not stated in the reviewed record
Revenue · 326 locations
- Who is counted
- OpenbeforeJan2024 andall2025
- Period
- December
- Excluded
- Canadian,5smallformat,nonfullmeasurementperiod,closed/temporarilyclosed excluded;2024companyconversion excluded.
- Method
- Aggregatedmonthly/annualsales as source.
Locations counted: not stated in the reviewed record
Revenue, costs and other measures · 311 locations
- Who is counted
- Schedule3A cost24monthstores — 2024
- Period
- 2024
- Excluded
- Canadian,5smallformat,nonfullmeasurementperiod,closed/temporarilyclosed excluded;2024companyconversion excluded. Missingcost11/9/16stores2023/24/25
- Method
- Outofpocket merchandise inclshipping;productmixdependent.
Locations counted: not stated in the reviewed record
Revenue and other measures · 28 locations
- Who is counted
- Schedule2D Second12months;months14–25;open2020–2023
- Period
- 406859
- Excluded
- Canadian,5smallformat,nonfullmeasurementperiod,closed/temporarilyclosed excluded;2024companyconversion excluded. Four independent conversions excluded.
- Method
- Franchisee monthly reports/P&L; merchandise/service grosssales includingmail/internet/phone; sourceunchanged.
Locations counted: not stated in the reviewed record
Costs, revenue and other measures · 310 locations
- Who is counted
- Schedule3A cost24monthstores — 2025
- Period
- 2025
- Excluded
- Canadian,5smallformat,nonfullmeasurementperiod,closed/temporarilyclosed excluded;2024companyconversion excluded. Missingcost11/9/16stores2023/24/25
- Method
- Outofpocket merchandise inclshipping;productmixdependent.
Locations counted: not stated in the reviewed record
Costs and revenue
- Who is counted
- Firstyearadvertising fullfirstyear2021–2025 P&Lreporters
- Period
- 7.23%
- Excluded
- Canadian,5smallformat,nonfullmeasurementperiod,closed/temporarilyclosed excluded;2024companyconversion excluded. Wagesexcludes payrolltax,workerscomp,insurance,training,benefits.
- Method
- Sampledenominator notinferred.
Locations counted: not stated in the reviewed record
Revenue, costs and other measures · 306 locations
- Who is counted
- Schedule3A cost24monthstores — 2023
- Period
- 2023
- Excluded
- Canadian,5smallformat,nonfullmeasurementperiod,closed/temporarilyclosed excluded;2024companyconversion excluded. Missingcost11/9/16stores2023/24/25
- Method
- Outofpocket merchandise inclshipping;productmixdependent.
Locations counted: not stated in the reviewed record
Revenue and costs
- Who is counted
- Firstyearnonownerwages fullfirstyear2021–2025 P&Lreporters
- Period
- 2.76%
- Excluded
- Canadian,5smallformat,nonfullmeasurementperiod,closed/temporarilyclosed excluded;2024companyconversion excluded. Wagesexcludes payrolltax,workerscomp,insurance,training,benefits.
- Method
- Sampledenominator notinferred.
Locations counted: not stated in the reviewed record
Costs and revenue
- Who is counted
- FirstyearCOGS fullfirstyear2021–2025 P&Lreporters
- Period
- 48.04%
- Excluded
- Canadian,5smallformat,nonfullmeasurementperiod,closed/temporarilyclosed excluded;2024companyconversion excluded. Wagesexcludes payrolltax,workerscomp,insurance,training,benefits.
- Method
- Sampledenominator notinferred.
Locations counted: not stated in the reviewed record
Other measures · 310 locations
- Who is counted
- Schedule4A24monthstores — 2025
- Period
- 2025
- Excluded
- Canadian,5smallformat,nonfullmeasurementperiod,closed/temporarilyclosed excluded;2024companyconversion excluded. MissingP&Lexcluded.
- Method
- SaleslessCOGS/opex plusownerwages,auto,depreciation/amortization,life/healthinsurance,retirement;validP&Lrequired.
Locations counted: not stated in the reviewed record
Other measures · 311 locations
- Who is counted
- Schedule4A24monthstores — 2024
- Period
- 2024
- Excluded
- Canadian,5smallformat,nonfullmeasurementperiod,closed/temporarilyclosed excluded;2024companyconversion excluded. MissingP&Lexcluded.
- Method
- SaleslessCOGS/opex plusownerwages,auto,depreciation/amortization,life/healthinsurance,retirement;validP&Lrequired.
Locations counted: not stated in the reviewed record
Other measures · 155 locations
- Who is counted
- Schedule4Bcashflowrankedhalf — 2025 Bottom Half
- Period
- 2025 Bottom Half
- Excluded
- Canadian,5smallformat,nonfullmeasurementperiod,closed/temporarilyclosed excluded;2024companyconversion excluded. MissingP&Lexcluded.
- Method
- SaleslessCOGS/opex plusownerwages,auto,depreciation/amortization,life/healthinsurance,retirement;validP&Lrequired.
Locations counted: not stated in the reviewed record
Other measures · 306 locations
- Who is counted
- Schedule4A24monthstores — 2023
- Period
- 2023
- Excluded
- Canadian,5smallformat,nonfullmeasurementperiod,closed/temporarilyclosed excluded;2024companyconversion excluded. MissingP&Lexcluded.
- Method
- SaleslessCOGS/opex plusownerwages,auto,depreciation/amortization,life/healthinsurance,retirement;validP&Lrequired.
Locations counted: not stated in the reviewed record
Other measures · 155 locations
- Who is counted
- Schedule4Bcashflowrankedhalf — 2025 Top Half
- Period
- 2025 Top Half
- Excluded
- Canadian,5smallformat,nonfullmeasurementperiod,closed/temporarilyclosed excluded;2024companyconversion excluded. MissingP&Lexcluded.
- Method
- SaleslessCOGS/opex plusownerwages,auto,depreciation/amortization,life/healthinsurance,retirement;validP&Lrequired.
Locations counted: not stated in the reviewed record
Other measures · 19 locations
- Who is counted
- Schedule4Copen2020–2024/2023/2022respectivelyasofDec2025 — Thirdfullcalendaryear
- Period
- Thirdfullcalendaryear
- Excluded
- Canadian,5smallformat,nonfullmeasurementperiod,closed/temporarilyclosed excluded;2024companyconversion excluded. MissingP&Lexcluded.
- Method
- SaleslessCOGS/opex plusownerwages,auto,depreciation/amortization,life/healthinsurance,retirement;validP&Lrequired.
Locations counted: not stated in the reviewed record
Memberships and revenue · 318 locations
- Who is counted
- Schedule5DSCparticipating24monthstores — 2024
- Period
- 2024
- Excluded
- Canadian,5smallformat,nonfullmeasurementperiod,closed/temporarilyclosed excluded;2024companyconversion excluded. DSCmissing20/1/5stores2023/24/25;POSissues/midyearmigration.
- Method
- DSC/nonDSCticket/visits/salesshareseparate.
Locations counted: not stated in the reviewed record
Memberships and revenue · 285 locations
- Who is counted
- Schedule5DSCparticipating24monthstores — 2023
- Period
- 2023
- Excluded
- Canadian,5smallformat,nonfullmeasurementperiod,closed/temporarilyclosed excluded;2024companyconversion excluded. DSCmissing20/1/5stores2023/24/25;POSissues/midyearmigration.
- Method
- DSC/nonDSCticket/visits/salesshareseparate.
Locations counted: not stated in the reviewed record
Memberships and revenue · 320 locations
- Who is counted
- Schedule5DSCparticipating24monthstores — 2025
- Period
- 2025
- Excluded
- Canadian,5smallformat,nonfullmeasurementperiod,closed/temporarilyclosed excluded;2024companyconversion excluded. DSCmissing20/1/5stores2023/24/25;POSissues/midyearmigration.
- Method
- DSC/nonDSCticket/visits/salesshareseparate.
Locations counted: not stated in the reviewed record
Other measures · 27 locations
- Who is counted
- Schedule4Copen2020–2024/2023/2022respectivelyasofDec2025 — Secondfullcalendaryear
- Period
- Secondfullcalendaryear
- Excluded
- Canadian,5smallformat,nonfullmeasurementperiod,closed/temporarilyclosed excluded;2024companyconversion excluded. MissingP&Lexcluded.
- Method
- SaleslessCOGS/opex plusownerwages,auto,depreciation/amortization,life/healthinsurance,retirement;validP&Lrequired.
Locations counted: not stated in the reviewed record
Other measures · 32 locations
- Who is counted
- Schedule4Copen2020–2024/2023/2022respectivelyasofDec2025 — Firstfullcalendaryear
- Period
- Firstfullcalendaryear percent
- Excluded
- Canadian,5smallformat,nonfullmeasurementperiod,closed/temporarilyclosed excluded;2024companyconversion excluded. MissingP&Lexcluded.
- Method
- SaleslessCOGS/opex plusownerwages,auto,depreciation/amortization,life/healthinsurance,retirement;validP&Lrequired.
Locations counted: not stated in the reviewed record
Other measures · 28 locations
- Who is counted
- Second12months;months14–25;open2020–2023
- Excluded
- Canadian,5smallformat,nonfullmeasurementperiod,closed/temporarilyclosed excluded;2024companyconversion excluded.
- Method
- Franchisee monthly reports/P&L; merchandise/service grosssales includingmail/internet/phone; sourceunchanged.
Locations counted: not stated in the reviewed record
Other measures
- Who is counted
- Firstyearadvertising
- Excluded
- Canadian,5smallformat,nonfullmeasurementperiod,closed/temporarilyclosed excluded;2024companyconversion excluded.
- Method
- Franchisee monthly reports/P&L; merchandise/service grosssales includingmail/internet/phone; sourceunchanged.
Locations counted: not stated in the reviewed record
Other measures
- Who is counted
- Firstyearnonownerwages
- Excluded
- Canadian,5smallformat,nonfullmeasurementperiod,closed/temporarilyclosed excluded;2024companyconversion excluded.
- Method
- Franchisee monthly reports/P&L; merchandise/service grosssales includingmail/internet/phone; sourceunchanged.
Locations counted: not stated in the reviewed record
Other measures
- Who is counted
- FirstyearCOGS
- Excluded
- Canadian,5smallformat,nonfullmeasurementperiod,closed/temporarilyclosed excluded;2024companyconversion excluded.
- Method
- Franchisee monthly reports/P&L; merchandise/service grosssales includingmail/internet/phone; sourceunchanged.
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. 65
Net +10 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 ($190,135 – $346,892) 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 682 to 690 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 — Schedule1 same store24months — 2024 · PDF p. 54
- [2]Item 19 — Locations counted not stated in the reviewed record — Annual gross sales ranges12months;source total · PDF p. 56; PDF p. 55
- [3]Item 19 — Locations counted not stated in the reviewed record — Annual gross sales ranges12months;source total · PDF p. 55; PDF p. 56
- [4]Item 19 — Locations counted not stated in the reviewed record — Schedule1 same store24months — 2023 · PDF p. 54
- [5]Item 19 — Locations counted not stated in the reviewed record — Schedule1 same store24months — 2025 · PDF p. 54
- [6]Item 19 — Locations counted not stated in the reviewed record — Schedule2A full24months — 2023 · PDF p. 54; PDF p. 55
- [7]Item 19 — Locations counted not stated in the reviewed record — Schedule2A full24months — 2024 · PDF p. 54; PDF p. 55
- [8]Item 19 — Locations counted not stated in the reviewed record — Schedule2B annual gross sales ranked half — 2025 Lower Half · PDF p. 55
- [9]Item 19 — Locations counted not stated in the reviewed record — Schedule2A full24months — 2025 · PDF p. 54; PDF p. 55
- [10]Item 19 — Locations counted not stated in the reviewed record — Schedule2B annual gross sales ranked half — 2025 Top Half · PDF p. 55
- [11]Item 19 — Locations counted not stated in the reviewed record — Annual gross sales ranges12months;source total · PDF p. 55; PDF p. 56
- [12]Item 19 — Locations counted not stated in the reviewed record — OpenbeforeJan2024 andall2025 · PDF p. 57
- [13]Item 19 — Locations counted not stated in the reviewed record — Schedule3A cost24monthstores — 2024 · PDF p. 58
- [14]Item 19 — Locations counted not stated in the reviewed record — Schedule2D Second12months;months14–25;open2020–2023 · PDF p. 57
- [15]Item 19 — Locations counted not stated in the reviewed record — Schedule3A cost24monthstores — 2025 · PDF p. 58
- [16]Item 19 — Locations counted not stated in the reviewed record — Firstyearadvertising fullfirstyear2021–2025 P&Lreporters · PDF p. 59
- [17]Item 19 — Locations counted not stated in the reviewed record — Schedule3A cost24monthstores — 2023 · PDF p. 58
- [18]Item 19 — Locations counted not stated in the reviewed record — Firstyearnonownerwages fullfirstyear2021–2025 P&Lreporters · PDF p. 59
- [19]Item 19 — Locations counted not stated in the reviewed record — FirstyearCOGS fullfirstyear2021–2025 P&Lreporters · PDF p. 60
- [20]Item 19 — Locations counted not stated in the reviewed record — Schedule4A24monthstores — 2025 · PDF p. 61
- [21]Item 19 — Locations counted not stated in the reviewed record — Schedule4A24monthstores — 2024 · PDF p. 61
- [22]Item 19 — Locations counted not stated in the reviewed record — Schedule4Bcashflowrankedhalf — 2025 Bottom Half · PDF p. 61
- [23]Item 19 — Locations counted not stated in the reviewed record — Schedule4A24monthstores — 2023 · PDF p. 61
- [24]Item 19 — Locations counted not stated in the reviewed record — Schedule4Bcashflowrankedhalf — 2025 Top Half · PDF p. 61
- [25]Item 19 — Locations counted not stated in the reviewed record — Schedule4Copen2020–2024/2023/2022respectivelyasofDec2025 — Thirdfullcalendaryear · PDF p. 62
- [26]Item 19 — Locations counted not stated in the reviewed record — Schedule5DSCparticipating24monthstores — 2024 · PDF p. 63; PDF p. 64
- [27]Item 19 — Locations counted not stated in the reviewed record — Schedule5DSCparticipating24monthstores — 2023 · PDF p. 63; PDF p. 64
- [28]Item 19 — Locations counted not stated in the reviewed record — Schedule5DSCparticipating24monthstores — 2025 · PDF p. 63; PDF p. 64
- [29]Item 19 — Locations counted not stated in the reviewed record — Schedule4Copen2020–2024/2023/2022respectivelyasofDec2025 — Secondfullcalendarye… · PDF p. 62
- [30]Item 19 — Locations counted not stated in the reviewed record — Schedule4Copen2020–2024/2023/2022respectivelyasofDec2025 — Firstfullcalendaryear · PDF p. 62
- [31]Item 19 — Locations counted not stated in the reviewed record — Second12months;months14–25;open2020–2023 · PDF p. 57
- [32]Item 19 — Locations counted not stated in the reviewed record — Firstyearadvertising · PDF p. 59
- [33]Item 19 — Locations counted not stated in the reviewed record — Firstyearnonownerwages · PDF p. 59
- [34]Item 19 — Locations counted not stated in the reviewed record — FirstyearCOGS · PDF p. 60
- [35]Outlet counts — Item 20, Table 1 · PDF p. 65
"PDF p." is the page in the PDF file; "printed p." is the number printed on the FDD page. Source document: FDD
Territory & operations
373 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 | gross profit | $21,102,098 |
| 2025 | income before other income | $4,686,942 |
| 2025 | net income | $3,149,371 |
| 2025 | operating lease right-of-use assets and liabilities, net | -$6,239 |
| 2025 | accounts receivable net | $1,943,289 |
| 2025 | operating lease right-of-use assets | $1,399,020 |
| 2025 | current assets cash and equivalents | $2,719,205 |
| 2025 | other accrued liabilitiesMore than one value recorded for this year — open the FDD source before comparing | $968,825 |
| 2025 | deferred franchise fee revenue - current | $278,470 |
| 2025 | deferred franchise fee revenue - long-term | $817,665 |
| 2025 | net income before income tax provision | $4,158,993 |
| 2025 | other current assetsMore than one value recorded for this year — open the FDD source before comparing | $262,528 |
| 2025 | total current assets | $5,101,471 |
| 2025 | other assets note receivable | $16,934 |
| 2025 | other assets | $65,000 |
| 2025 | property and equipment, net | $157,156 |
| 2025 | total other assets | $1,785,127 |
| 2025 | total assets | $6,886,598 |
| 2025 | current liabilities accounts payable | $109,828 |
| 2025 | current portion of operating lease liabilities | $190,584 |
| 2025 | total current liabilities | $1,970,429 |
| 2025 | other liabilities operating lease liabilities, less current portion | $1,273,910 |
| 2025 | total other liabilities | $7,727,867 |
| 2025 | total liabilities | $9,698,296 |
| 2025 | common stock | $84,483 |
| 2025 | additional paid-in capital | $320,690 |
| 2025 | retained earnings | $6,993,969 |
| 2025 | total stockholders' equity | -$2,811,698 |
| 2025 | revenue | $22,218,788 |
| 2025 | operating expenses | $16,415,156 |
| 2025 | other income | $21,715 |
| 2025 | total other income | -$527,949 |
| 2025 | depreciation of property and equipment | $45,073 |
| 2025 | accounts receivable | $280,593 |
| 2025 | other current assetsMore than one value recorded for this year — open the FDD source before comparing | -$38,694 |
| 2025 | accounts payable | $52,222 |
| 2025 | other accrued liabilitiesMore than one value recorded for this year — open the FDD source before comparing | $187,757 |
| 2025 | deferred franchise fee revenue | -$217,503 |
| 2025 | net cash provided by operating activities | $4,132,710 |
| 2025 | investing activities purchases of property and equipment | -$30,418 |
| 2025 | decrease in note receivable | $492 |
| 2025 | net cash used by investing activities | -$29,926 |
| 2025 | net cash used by financing activities | -$2,416,667 |
| 2025 | net increase | $1,686,117 |
| 2025 | cost of goods sold | $1,116,690 |
| 2025 | interest expense | -$549,664 |
| 2025 | income tax provision | $1,009,622 |
| 2024 | total liabilities | $12,228,954 |
| 2024 | additional paid-in capital | $340,641 |
| 2024 | gross profit | $20,170,849 |
| 2024 | total other income | -$420,119 |
| 2024 | accounts receivable | $127,084 |
| 2024 | deferred franchise fee revenue | -$171,293 |
| 2024 | investing activities purchases of property and equipment | -$8,420 |
| 2024 | interest expense | -$425,982 |
| 2024 | current assets cash and equivalents | $1,033,088 |
| 2024 | operating lease right-of-use assets | $1,750,397 |
| 2024 | other assets | $65,000 |
| 2024 | current liabilities accounts payable | $57,606 |
| 2024 | total current liabilities | $2,738,680 |
| 2024 | net increase | -$708,694 |
| 2024 | net income before income tax provision | $3,675,495 |
| 2024 | other current assetsMore than one value recorded for this year — open the FDD source before comparing | $223,834 |
| 2024 | total current assets | $4,021,370 |
| 2024 | other assets note receivable | $17,426 |
| 2024 | property and equipment, net | $171,811 |
| 2024 | total other assets | $2,114,264 |
| 2024 | total assets | $6,135,634 |
| 2024 | other accrued liabilitiesMore than one value recorded for this year — open the FDD source before comparing | $781,068 |
| 2024 | deferred franchise fee revenue - current | $312,253 |
| 2024 | current portion of operating lease liabilities | $357,616 |
| 2024 | other liabilities operating lease liabilities, less current portion | $1,464,494 |
| 2024 | deferred franchise fee revenue - long-term | $1,001,385 |
| 2024 | total other liabilities | $9,490,274 |
| 2024 | common stock | $84,483 |
| 2024 | retained earnings | $3,844,598 |
| 2024 | total stockholders' equity | -$6,093,320 |
| 2024 | revenue | $20,711,013 |
| 2024 | income tax provision | $845,281 |
| 2024 | operating expenses | $16,075,235 |
| 2024 | income before other income | $4,095,614 |
| 2024 | other income | $5,863 |
| 2024 | net income | $2,830,214 |
| 2024 | depreciation of property and equipment | $52,689 |
| 2024 | other current assetsMore than one value recorded for this year — open the FDD source before comparing | -$77,907 |
| 2024 | operating lease right-of-use assets and liabilities, net | -$4,626 |
| 2024 | accounts payable | -$9,134 |
| 2024 | other accrued liabilitiesMore than one value recorded for this year — open the FDD source before comparing | -$492,022 |
| 2024 | net cash provided by operating activities | $2,185,195 |
| 2024 | decrease in note receivable | $1,227 |
| 2024 | net cash used by investing activities | -$7,193 |
| 2024 | net cash used by financing activities | -$2,886,696 |
| 2024 | accounts receivable net | $2,223,882 |
| 2024 | cost of goods sold | $540,164 |
| 2023 | additional paid-in capital | $395,169 |
| 2023 | net income | $4,775,024 |
| 2023 | net cash provided by operating activities | $4,595,439 |
| 2023 | net cash used by investing activities | -$37,144 |
| 2023 | other assets | $65,000 |
| 2023 | total other assets | $921,285 |
| 2023 | total current assets | $4,117,205 |
| 2023 | total stockholders' equity | $1,669,383 |
| 2023 | other liabilities operating lease liabilities, less current portion | $429,414 |
| 2023 | accounts payable | -$258,342 |
| 2023 | net income before income tax provision | $4,775,024 |
| 2023 | current assets cash and equivalents | $1,607,494 |
| 2023 | other current assetsMore than one value recorded for this year — open the FDD source before comparing | $144,672 |
| 2023 | other assets note receivable | $4,580 |
| 2023 | operating lease right-of-use assets | $676,877 |
| 2023 | property and equipment, net | $174,828 |
| 2023 | total assets | $5,038,490 |
| 2023 | current liabilities accounts payable | $1,258 |
| 2023 | other accrued liabilitiesMore than one value recorded for this year — open the FDD source before comparing | $1,164,449 |
| 2023 | deferred franchise fee revenue - current | $326,027 |
| 2023 | current portion of operating lease liabilities | $289,055 |
| 2023 | total current liabilities | $1,780,789 |
| 2023 | deferred franchise fee revenue - long-term | $1,158,904 |
| 2023 | total other liabilities | $1,588,318 |
| 2023 | total liabilities | $3,369,107 |
| 2023 | common stock | $3,000 |
| 2023 | retained earnings | $1,271,214 |
| 2023 | revenue | $18,797,073 |
| 2023 | gross profit | $18,797,073 |
| 2023 | operating expenses | $14,061,309 |
| 2023 | income before other income | $4,735,764 |
| 2023 | other income | $39,260 |
| 2023 | total other income | $39,260 |
| 2023 | depreciation of property and equipment | $51,425 |
| 2023 | accounts receivable | -$70,066 |
| 2023 | other current assetsMore than one value recorded for this year — open the FDD source before comparing | $78,687 |
| 2023 | operating lease right-of-use assets and liabilities, net | $20,689 |
| 2023 | other accrued liabilitiesMore than one value recorded for this year — open the FDD source before comparing | $158,822 |
| 2023 | deferred franchise fee revenue | -$168,667 |
| 2023 | investing activities purchases of property and equipment | -$44,389 |
| 2023 | decrease in note receivable | $7,245 |
| 2023 | net cash used by financing activities | -$5,003,727 |
| 2023 | net increase | -$445,432 |
| 2023 | cash and equivalents beginning of year | $2,052,926 |
| 2023 | accounts receivable net | $2,365,039 |
These figures describe the franchisor company, not individual franchise locations.
SBA-backed loans to franchisees
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Source: U.S. Small Business Administration 7(a) & 504 FOIA data. Loan volume is not a measure of franchisee success.
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At a glance
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Independent analysis of franchisor-provided data. Not investment advice. Franopolis does not distribute FDDs.