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    Franchise opportunities compared

    BFT vs BFT Franchise SPV

    Reviewed figures from each brand's Franchise Disclosure Document (FDD), side by side. Each figure carries its FDD year and page. This is not a ranking or recommendation, and the two FDDs may cover different years and location groups.

    BFT2026 FDDBFT Franchise SPV2025 FDD

    Initial investment · Item 7

    BFT

    $681,372 – $1,151,135

    2026 FDD · Item 7 · PDF p. 30

    BFT Franchise SPV

    $509,836 – $1,204,045

    2025 FDD · Item 7

    Initial franchise fee · Item 5

    BFT

    Not available

    BFT Franchise SPV

    Not available

    Royalty · Item 6

    BFT

    7%

    2026 FDD · Item 6 · PDF p. 23

    BFT Franchise SPV

    7%

    2025 FDD · Item 6 · PDF p. 21

    Before you compare

    • BFT figures come from its 2026 FDD and BFT Franchise SPV figures from its 2025 FDD, so the years differ.
    • BFT Franchise SPV discloses more than one business format, so the investment range spans formats; the full report breaks them out.
    • Item 19 figures cover the location groups each FDD names (BFT: 18, BFT Franchise SPV: 31). Different groups are not directly comparable.

    Financial commitment

    Estimated initial investment (Item 7)

    BFT

    $681,372 – $1,151,135
    Franchise Agreement — Studio initial investment: TOTAL ESTIMATED INITIAL INVESTMENT $681,372–$1,151,135
    2026 FDD · Item 7 · PDF p. 30

    BFT Franchise SPV

    $509,836 – $1,204,045
    2025 FDD · Item 7
    Standard initial franchise fee (Item 5)

    BFT

    Not available
    No single standard fee identified

    BFT Franchise SPV

    Not available
    No single standard fee identified
    Royalty (Item 6)

    BFT

    7%
    Royalty
    2026 FDD · Item 6 · PDF p. 23

    BFT Franchise SPV

    7%
    Royalty
    2025 FDD · Item 6 · PDF p. 21
    Brand / advertising fund (Item 6)

    BFT

    2%
    Brand Development Fund contribution — 2%
    2026 FDD · Item 6 · PDF p. 23

    BFT Franchise SPV

    2%
    Brand Development Fund contribution — 2%
    2025 FDD · Item 6 · PDF p. 21

    System scale & health

    Total outlets (Item 20)

    BFT

    44
    Outlets at end of 2025
    2026 FDD · Item 20 · PDF p. 77

    BFT Franchise SPV

    49
    Outlets at end of 2024
    2025 FDD · Item 20 · PDF p. 76
    Net outlet change (Item 20)

    BFT

    +12
    Calculated: 32 at end of 2023 → 44 at end of 2025

    BFT Franchise SPV

    +47
    Calculated: 2 at end of 2022 → 49 at end of 2024
    Outlet exits (Item 20)

    BFT

    Not available
    No complete exit records for a year

    BFT Franchise SPV

    Not available
    No complete exit records for a year
    Franchising since (Item 1)

    BFT

    Not available
    Not in reviewed records

    BFT Franchise SPV

    Not available
    Not in reviewed records
    Franchisor founded (Item 1)

    BFT

    Not available
    Not in reviewed records

    BFT Franchise SPV

    Not available
    Not in reviewed records

    Financial performance (Item 19), by location group

    BFT
    Locations counted not stated in the reviewed record — Qualified Studios in the 2nd Quartile
    202 members
    other Part A-2
    2026 FDD · Item 19 · PDF p. 71
    Locations counted not stated in the reviewed record — Qualified Studios in the 3rd Quartile
    4 studios
    other Part A-2
    2026 FDD · Item 19 · PDF p. 71
    Locations counted not stated in the reviewed record — Qualified Studios in the 4th Quartile
    104 members
    other Part A-2
    2026 FDD · Item 19 · PDF p. 71
    +15 more groups in the full report
    BFT Franchise SPV
    Locations counted not stated in the reviewed record — Second quartile of 29 Qualified Studios; U.S. franchise-owned studios open and…
    $387,262
    other 2nd Quartile
    2025 FDD · Item 19 · PDF p. 68
    Locations counted not stated in the reviewed record — 29 Qualified Studios (US franchise-owned), excludes Non-Traditional Sites
    239 members
    other 1st Quartile
    2025 FDD · Item 19 · PDF p. 69
    Locations counted not stated in the reviewed record — 29 Qualified Studios (US franchise-owned), excludes Non-Traditional Sites
    12 studios
    other Total
    2025 FDD · Item 19 · PDF p. 69
    +28 more groups in the full report

    Item 19 groups are shown separately and never combined. Revenue or sales figures are not profit. Net outlet change and turnover are Franopolis calculations from the disclosed counts; turnover is a count-based rate, not a measure of owner earnings.

    BFT vs BFT Franchise SPV: common questions

    Which costs less to open, BFT or BFT Franchise SPV?
    BFT: $681,372 – $1,151,135 (2026 FDD · Item 7 · PDF p. 30); BFT Franchise SPV: $509,836 – $1,204,045 (2025 FDD · Item 7). These are each franchisor's Item 7 estimated initial investment. The low end of the disclosed estimate is lower for BFT Franchise SPV. At least one range spans several business formats. Estimates are not quotes, and the FDD years may differ.
    How do BFT and BFT Franchise SPV royalties compare?
    BFT: 7% (2026 FDD · Item 6 · PDF p. 23); BFT Franchise SPV: 7% (2025 FDD · Item 6 · PDF p. 21). Royalties as disclosed in Item 6; other recurring fees are listed separately.
    Which has more locations, BFT or BFT Franchise SPV?
    BFT: 44 (2026 FDD · Item 20 · PDF p. 77); BFT Franchise SPV: 49 (2025 FDD · Item 20 · PDF p. 76). Total outlets from Item 20. Outlet counts do not indicate territory availability or franchisee results.
    Do BFT and BFT Franchise SPV disclose financial performance (Item 19)?
    BFT has reviewed Item 19 figures for 18 location groups; BFT Franchise SPV has reviewed Item 19 figures for 31 location groups. Different location groups are not directly comparable, and revenue is not profit.

    Answers restate the reviewed figures above. Not a ranking or recommendation.

    How Franopolis reviews FDD figures

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    Full BFT report

    Every reviewed fee, Item 19 group, outlet table and territory disclosure

    Full BFT Franchise SPV report

    Every reviewed fee, Item 19 group, outlet table and territory disclosure

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