Opening one costs $78k–$99k.
Item 19 gives no per-unit figure this report will stand behind: Outlets reported together.
Item 7 · 107 open units
Item 19 reports outlets together rather than one at a time — one table is many times its siblings and divides back into line by its own franchisee count. A per-outlet figure cannot be read from it, and this report will not estimate one.
That range is the franchisor’s own, straight out of the disclosure document. What is masked below is the rest of the analysis — and the capital check that follows measures your cash against that opening range.
13 sections · 80 cited figures · 0 operational tripwires · 14 diligence questions
Everything below is in the report. Every figure is cited to an FDD Item and page, and labelled with where the number came from. The labels are free. The numbers are what you are buying.
Franchise Edge automates franchise diligence. We read the franchisor’s own Franchise Disclosure Document — the filing a franchisor is legally required to hand you at least 14 days before you sign anything or pay anything — and run the work that takes a buyer weeks by hand: every disclosed cost, the unit economics behind the headline, the full fee stack, and what happened to the units that opened before you.
Your analysis is ready. The framework is below — every section, every cited figure, every question, exactly as it appears in the report.
An FDD runs to 23 numbered Items and a few hundred pages. Four of them do most of the work in this report:
Every figure in the report is cited to its Item and page, so you can check any of it against the document yourself.
Questions before you buy? jason@foundersplinko.com — a person, not a ticket queue.
Against the total investment the franchisor discloses in Item 7. What it means for your loan, your coverage ratio and your payback is locked.
Item 7, as the franchisor states it. 12 line items.
What the deal asks of you, against what you told us you have.
13 rungs, monthly, from disclosed revenue down to what the operator actually keeps. Every rung is labeled with where its number came from.
Ask the franchisor for gross revenue PER FRANCHISED OUTLET for the most recent year, and for the Item 20 franchisee roster. Three owners in markets like yours will tell you in ten minutes what this table does not.
The loan this unit would need, and whether the unit can carry it.
6 separate charges in the agreement. Most buyers find four.
The franchisor's own numbers, and how wide the spread really is.
This document could not be read completely enough to model. What follows names exactly what is missing and what to ask for.
2 things this document cannot settle, and how to settle them.
4 findings from the audited statements.
No clause here carried enough detail to report. That is not a clean bill of health — Items 8, 12 and 17 are where these live.
Item 20, year-end.
78 outlets is this record's reconstruction of the starting count, worked back from the year-end total and the year's openings and closures rather than read from Item 20 Table 1. Every rate below is a share of that starting count, not of today's. Check the reconstruction against Table 1 in your own copy.
Item 17 — how long you are in, what ends the agreement, what it takes to sell the business, and what you are still bound by after you leave.
14 questions, grouped for operators running a unit today, operators who left last year, placing whoever answers the phone.
4 executives, with tenure and prior operating history.
13 sections · 80 cited figures · instant access
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