Denny's
Food and Beverage
Founded 19871,334 locationsCompany Profile
Year Founded:1987
Denny's Franchise Cost
| Franchise Fee: | $30,000Key Metric |
| Total Investment: | $1,620,000 - $3,060,000Key Metric |
| Liquid Capital: | $397,500 |
| Royalty Fee: | 6% of gross sales |
| Marketing Fee: | 3% of gross sales |
Quick ROI Calculator
Based on Denny's's actual financial data
Outlet Counts by Year
Historical outlet data extracted from FDD documents
Total US Locations:1,334
Scale relative to 1,000 locations
Franchised Units:1,273
Corporate Units:61
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AI-Powered Due Diligence Analysis
Our advanced AI analyzes Franchise Disclosure Documents (FDDs) to identify potential risks and opportunities across 10 critical categories.
14
High Risk
Critical items
48% of total
13
Medium Risk
Monitor closely
45% of total
2
Low Risk
Manageable items
7% of total
29
Total Items
Factors analyzed
9 categories
7.07
Overall Score
Low RiskHigh Risk
010
Disclosure & Representation Risks
5 risks identified
1
3
1
Incomplete Information on Franchise Seller
Medium
Explanation:
- Item 23 states "The name of the franchise seller offering the franchise is , whose principal business address is..." The name of the franchise seller is missing, making it impossible to verify their legitimacy and track record.
- This omission creates uncertainty about the actual entity offering the franchise and could hide potential issues with the seller's history or financial stability.
Potential Mitigations:
- Request the complete information about the franchise seller directly from Denny's.
- Independently research the identified seller to verify their legitimacy and financial standing.
- Consult with a legal professional to review the complete FDD once the missing information is provided.
FDD Citations:
- Item 23: "The name of the franchise seller offering the franchise is ,whose principal business address is..."
Lack of Transparency in Item 3 and 4 Revisions
Medium
Explanation:
- The FDD states that Item 3 and 4 are replaced, but doesn't provide the revised content. This lack of transparency prevents a full understanding of crucial information potentially related to litigation, bankruptcy, or other significant events.
- Not knowing the replaced content makes it difficult to assess the franchisor's history and potential risks associated with past issues.
Potential Mitigations:
- Request the full text of the revised Item 3 and 4 from Denny's.
- Consult with a franchise attorney to understand the implications of the missing information and advise on next steps.
- Compare this FDD with previous versions to identify potential changes and their significance.
FDD Citations:
- Item 3: "The last sentence in Item 3 is deleted and replaced with the following:"
- Item 4: "Item 4 is deleted and replaced with the following:"
Potential Misinterpretation of Plain Language Summary
Low
Explanation:
- Item 23 mentions the FDD summarizes information in "plain language." However, legal and financial documents can still be complex, and potential franchisees might misinterpret crucial details.
Potential Mitigations:
- Carefully review the entire FDD with a franchise lawyer to ensure a thorough understanding of all terms and conditions.
- Seek clarification from Denny's on any unclear points or discrepancies.
FDD Citations:
- Item 23: "THIS DISCLOSURE DOCUMENT SUMMARIZES PROVISIONS OF THE FRANCHISE AGREEMENT AND OTHER INFORMATION IN PLAIN LANGUAGE."
Limited Bankruptcy Disclosure Scope
Medium
Explanation:
- The revised Item 4 only addresses bankruptcy filings for the franchisor, predecessors, affiliates, and officers within the past 10 years. This doesn't provide a complete picture of the financial stability of related entities or individuals who might significantly influence the franchise system.
- Potential financial distress outside this scope could still negatively impact the franchisee.
Potential Mitigations:
- Conduct independent research on the franchisor's financial health and any related entities.
- Inquire with Denny's about any past financial difficulties or bankruptcy filings outside the disclosed scope.
FDD Citations:
- Item 4: "Neither we nor any of our predecessors, affiliates, or officers, during the 10-year period immediately before the date of the Disclosure Document: (a) filed as debtor..."
Risk of Non-Compliance and Misrepresentation
High
Explanation:
- Item 23 highlights potential legal violations if the FDD isn't delivered on time or contains false, misleading statements, or material omissions. This indicates a risk that the franchisor might not comply with regulations, potentially jeopardizing the franchisee's investment.
- The warning about reporting violations suggests a history of potential issues or a need for heightened scrutiny.
Potential Mitigations:
- Strictly adhere to the 14-day review period before signing any agreement or making payments.
- Thoroughly review the FDD with legal counsel and compare it with information from independent sources.
- Document all communication and transactions with the franchisor.
- If any discrepancies or concerns arise, report them to the relevant authorities as advised in Item 23.
FDD Citations:
- Item 23: "IF DFO, LLC DOES NOT DELIVER THIS DISCLOSURE DOCUMENT ON TIME OR IF IT CONTAINS A FALSE OR MISLEADING STATEMENT, OR A MATERIAL OMISSION, A VIOLATION OF FEDERAL AND STATE LAW MAY HAVE OCCURRED AND SHOULD BE REPORTED TO THE FEDERAL TRADE COMMISSION..."
Financial & Fee Risks
3 risks identified
2
1
Non-Refundable Initial Franchise Fee Loss
High
Explanation:
- Item 5 states the initial franchise fee becomes part of Denny's general operating funds and used at their discretion, implying no obligation to return it.
- Item 7, Note 1 explicitly states that none of the initial investment expenses, except security deposits, are refundable.
- Item 7, Note 2 further emphasizes the non-refundable nature of the $30,000 development deposit for Diner 2.0, even if the franchise agreement is terminated before opening.
- This creates a significant risk of total loss of the substantial initial franchise fee if the franchise relationship fails for any reason.
Potential Mitigations:
- Carefully review the Franchise Agreement for any termination clauses and potential refund scenarios, however unlikely.
- Consult with a franchise attorney to understand the legal implications and potential recourse in case of disputes or termination.
- Conduct thorough due diligence on Denny's financial stability and franchisee success rates to assess the likelihood of a successful long-term relationship.
FDD Citations:
- Item 5: "The initial franchise fee constitutes part of our general operating funds and will be used as such in our discretion."
- Item 7, Note 1: "With the exception of the Security Deposits, none of these expenses is refundable."
- Item 7, Note 2: "The deposit is uniform to all franchisees and is not refundable, in whole or in part, under any circumstances."
Working Capital Shortfall
High
Explanation:
- Item 7, Note 10 acknowledges that the estimated additional funds for three months might not be sufficient.
- Factors like management skills, local competition, and sales levels can significantly impact actual costs, potentially leading to a working capital shortfall.
- A shortfall can severely hinder operations, especially during the critical initial phase, and could lead to business failure.
Potential Mitigations:
- Develop a detailed financial projection with conservative sales estimates and realistic expense forecasts.
- Secure additional funding or lines of credit to cover potential shortfalls and unexpected expenses.
- Closely monitor cash flow and expenses during the initial months and adjust operations as needed.
FDD Citations:
- Item 7, Note 10: "This is, however, only an estimate and there is no assurance that additional working capital will not be necessary during or after this start-up phase."
Variable and Increasing Royalty and Brand Building Fund Fees
Medium
Explanation:
- Royalty and Brand Building Fund fees increase annually for the first five years, reaching a combined 7.5% by year five and 7.5% from year six onwards.
- This escalating fee structure can significantly impact profitability, especially during the initial years when establishing the business.
Potential Mitigations:
- Factor the increasing royalty and advertising fees into financial projections to accurately assess long-term profitability.
- Negotiate with Denny's for a more favorable fee structure, especially for the initial years.
- Focus on maximizing sales and operational efficiency to offset the impact of increasing fees.
FDD Citations:
- Item 7, Note 2: Provides the fee schedule for Royalty and Brand Building Fund.
Legal & Contract Risks
3 risks identified
2
1
Inconsistent Governing Law Clauses (California)
Medium
Explanation:
- The FDD states that choice of law provisions requiring governance by a state other than California may be unenforceable for California franchisees. This creates uncertainty and potential legal challenges regarding which state's laws will ultimately govern the franchise agreement.
Potential Mitigations:
- Carefully review the Franchise Agreement to identify the chosen governing law. If it's not California law, consult with a California-licensed attorney specializing in franchise law to understand the potential implications and your rights.
- Negotiate with Denny's to amend the governing law clause to California law if it's deemed beneficial for your situation.
FDD Citations:
- Item 17, Exhibit C, California Amendments: "If the Agreement requires that it be governed by a state's law, other than the State of California, such requirement may be unenforceable."
Non-Compete Clause Enforceability (California)
Medium
Explanation:
- The FDD notes that non-compete clauses extending beyond the agreement's term may be unenforceable in California. This could limit Denny's ability to restrict your post-termination business activities, but the exact enforceability depends on the specific clause.
Potential Mitigations:
- Review the non-compete clause carefully with a California franchise lawyer to assess its enforceability and potential impact on your future business plans.
- Negotiate with Denny's to limit the scope or duration of the non-compete clause to a reasonable and enforceable timeframe.
FDD Citations:
- Item 17, Exhibit C, California Amendments: "If the Agreement contains a covenant not to compete which extends beyond the expiration or termination of the Agreement, the covenant may be unenforceable under California law."
Liquidated Damages Enforceability (California)
Low
Explanation:
- The FDD mentions that liquidated damages inconsistent with California Civil Code Section 1671 may be unenforceable. This creates uncertainty about the validity of any pre-determined damages clauses in the agreement.
Potential Mitigations:
- Review the liquidated damages clause with legal counsel to determine its compliance with California law.
- Negotiate with Denny's to revise the clause if necessary to ensure its enforceability.
FDD Citations:
- Item 17, Exhibit C, California Amendments: "If the Agreement requires payment of liquidated damages that is inconsistent with California Civil Code Section 1671, the liquidated damage clause may be unenforceable."
Territory & Competition Risks
3 risks identified
1
2
Competition from Other Denny's Concepts (The Den, Diner 2.0, etc.)
High
Explanation:
- Denny's reserves the right to develop or license other Denny's concepts (like "The Den") in the same territory as traditional franchisees, potentially leading to direct competition and market cannibalization.
- The FDD mentions "continuous monitoring" of the relationship between concepts, but the ultimate decision on placement and coexistence rests solely with Denny's, leaving franchisees vulnerable.
Potential Mitigations:
- Carefully analyze the market demographics and existing Denny's presence in your target territory to assess the potential impact of competing concepts.
- Discuss potential encroachment concerns with Denny's during the due diligence process and seek clarification on their development plans for alternative concepts in your area.
- Negotiate for territorial protections or exclusivity clauses within your franchise agreement to minimize the risk of direct competition from other Denny's concepts.
FDD Citations:
- Item 12: "We reserve the right to develop, or license others to develop limited service concepts… in any Territory or trade area where traditional restaurants exist or may be developed, including any exclusive Territory for traditional restaurants."
- Item 12: "We will continuously monitor the relationship between the various new concepts and standard Denny’s… we will revisit the placement of that concept in proximity to standard Denny's."
Competition from Affiliate Brands
Medium
Explanation:
- Denny's affiliates and portfolio companies may operate or franchise businesses that sell similar goods and services, creating potential competition for franchisees.
- The FDD provides limited information about these affiliate brands, making it difficult to assess the level of competitive threat.
Potential Mitigations:
- Request further information from Denny's about its affiliate brands and their market presence, including specific concepts, locations, and target demographics.
- Analyze the competitive landscape in your target territory to identify potential overlap with Denny's affiliate brands.
- Consider the potential impact of competition from affiliate brands when developing your business plan and marketing strategy.
FDD Citations:
- Item 1: "…our affiliates… and other portfolio companies… may operate and/or franchise businesses that sell similar goods or services to those that our franchisees sell."
Cannibalization from Off-Premise Channels (Delivery, Takeout, Catering)
Medium
Explanation:
- Denny's may authorize other Denny's restaurants (including those operated by the franchisor, affiliates, or other franchisees) to offer delivery or catering services within your designated area, leading to potential competition for off-premise orders.
Potential Mitigations:
- Clearly define your delivery and catering service area in your franchise agreement.
- Develop a strong local marketing strategy to build brand awareness and customer loyalty within your designated area.
- Optimize your off-premise operations for efficiency and customer satisfaction to compete effectively with other Denny's locations.
FDD Citations:
- Item 12: "We may authorize restaurants located outside the designated area… to perform delivery or catering services to customers located within your designated area."
- Item 12: "You may compete with other Denny’s restaurants… for off-site delivery or catering orders, including in the designated area."
Regulatory & Compliance Risks
3 risks identified
1
2
Competition from Affiliated Brands
Medium
Explanation:
- The FDD discloses that affiliates of Denny's may operate or franchise businesses that sell similar goods and services. This creates potential competition for franchisees, impacting market share and profitability.
Potential Mitigations:
- Carefully review Item 1 to understand the nature and extent of affiliated brands and their geographic presence. Assess the potential for market overlap and competitive pressure.
- Inquire with the franchisor about strategies to differentiate the Denny's brand from affiliated brands and minimize direct competition.
- Negotiate for territorial protections or exclusivity clauses in the franchise agreement to limit the impact of affiliated brands within your designated area.
FDD Citations:
- Item 1: "...our affiliates...and other portfolio companies...may operate and/or franchise businesses that sell similar goods or services to those that our franchisees sell."
Mandatory Technology System Dependence and Costs
High
Explanation:
- Franchisees are required to use a specific, proprietary technology system, creating dependence on the franchisor and potential vendor lock-in.
- The FDD indicates potential costs associated with system modifications, upgrades, and maintenance, which could be substantial and unpredictable.
- Mandatory participation in online ordering systems and associated fees further increase costs and dependence on third-party providers.
Potential Mitigations:
- Thoroughly review Item 8 and related exhibits (K, K-1) to understand all technology-related costs, including initial investment, ongoing fees, and potential upgrade expenses.
- Inquire about the frequency and cost of past system upgrades and modifications to assess potential future expenses.
- Negotiate clear terms regarding technology upgrades and cost-sharing arrangements in the franchise agreement.
- Research alternative technology providers to understand market rates and assess the competitiveness of the franchisor's offering.
FDD Citations:
- Item 8: Details regarding the Computer System, Technology Platform, and associated fees.
- Item 8: "We may periodically modify standards for the Computer System...at your cost."
- Item 8: References to Exhibits K and K-1 for fee details.
Data Ownership and Control
Medium
Explanation:
- The franchisor reserves the right to extract and own all data from franchisee systems, including sales and other operational data. This could limit franchisee control over their own business information and potentially create competitive disadvantages.
Potential Mitigations:
- Clarify with the franchisor the specific types of data that will be collected and how it will be used.
- Negotiate for access to and control over your own data, including the ability to use it for business analysis and decision-making.
- Consult with a legal professional to understand your rights regarding data ownership and usage.
FDD Citations:
- Item 8: "We reserve the right to connect to and extract data from your systems...We will own all data we obtain."
Franchisor Support Risks
3 risks identified
1
2
Lack of Restaurant Experience
High
Explanation:
- Item 3 highlights the risk of lacking comparable restaurant and food service experience compared to Denny's corporate-owned locations. This inexperience can lead to operational inefficiencies, poor customer service, and ultimately, reduced profitability.
Potential Mitigations:
- Thoroughly utilize the training and support provided by Denny's (as outlined in Item 11).
- Hire experienced restaurant managers and staff to compensate for the franchisee's lack of experience.
- Seek mentorship from successful Denny's franchisees.
- Engage in independent restaurant management training courses.
FDD Citations:
- Item 3: "You may not have comparable restaurant and food service experience and expertise as found in the Denny’s restaurants owned and operated by DI."
Management Skill Deficiency
Medium
Explanation:
- Item 4 emphasizes the impact of managerial skills on restaurant sales. Poor management decisions regarding location, advertising, staffing, and cost control can negatively affect profitability.
Potential Mitigations:
- Develop a strong business plan with clear goals and strategies for all key aspects of restaurant management.
- Participate in management training programs offered by Denny's or external providers.
- Hire experienced managers with proven track records in the restaurant industry.
- Regularly review and analyze financial performance to identify areas for improvement.
FDD Citations:
- Item 4: "The quality and effectiveness of your managerial skills will affect, positively or negatively, the sales results of the Restaurant."
Geographic and Economic Factors
Medium
Explanation:
- Item 5 points out the influence of local market conditions, socio-economic factors, and broader economic cycles on restaurant performance. These external factors are beyond the franchisee's control and can significantly impact profitability.
Potential Mitigations:
- Conduct thorough market research to understand the local demographics, competition, and economic trends before selecting a location.
- Develop a flexible business model that can adapt to changing economic conditions.
- Consider diversifying revenue streams through catering, delivery services, or other offerings.
FDD Citations:
- Item 5: "Geographic and socio-economic variations from locality to locality may affect the results of the Restaurant, as well as factors bearing upon business cycles and performance of the national and world economy."
Exit & Transfer Risks
3 risks identified
3
Inconsistent Contract Terms with State Laws (California)
High
Explanation:
- The FDD states that certain provisions in the standard franchise agreement may be inconsistent with California law, including the California Franchise Investment Law and the California Franchise Relations Act. This creates a risk that parts of the agreement could be unenforceable in California, leading to legal disputes and uncertainty.
- Specific areas of potential conflict include nonrenewal and termination rights, release of claims, liquidated damages, non-compete clauses, forum selection, and governing law.
Potential Mitigations:
- Carefully review the California-specific amendment to the franchise agreement to understand how these inconsistencies are addressed.
- Consult with a California-qualified franchise attorney to assess the potential impact of these inconsistencies on your specific situation.
- Negotiate with Denny's to clarify or modify any provisions that remain unclear or potentially problematic.
FDD Citations:
- Exhibit C State Specific Riders to Agreements: "The California Department of Corporations requires that certain provisions contained in franchise documents be amended to be consistent with California law... To the extent that the Agreement contains provisions that are inconsistent with the following, such provisions are hereby amended."
Inconsistent Contract Terms with State Laws (Wisconsin)
High
Explanation:
- The FDD notes that the Wisconsin Fair Dealership Law supersedes any conflicting provisions in the Franchise Agreement. This poses a risk that certain terms of the agreement may be unenforceable in Wisconsin, potentially affecting termination rights, renewal terms, and other key aspects of the franchise relationship.
Potential Mitigations:
- Consult with a Wisconsin-qualified attorney specializing in franchise law to understand the implications of the Wisconsin Fair Dealership Law and how it interacts with the Denny's franchise agreement.
- Request clarification from Denny's regarding any specific areas of potential conflict between the agreement and Wisconsin law.
FDD Citations:
- Item 17, Additional Disclosures: "For Wisconsin franchisees, Ch. 135, Stats., the Wisconsin Fair Dealership Law, supersedes any provisions of the Franchise Agreement or a related contract which is inconsistent with the Law."
Mandatory Purchase of Assets Upon Termination/Non-Renewal (Hawaii)
High
Explanation:
- In Hawaii, Denny's may be required to purchase the franchisee's inventory, supplies, equipment, and furnishings at fair market value upon termination or non-renewal. This could create a financial burden for Denny's and potentially affect the franchisee's exit strategy, especially if the valuation process is disputed.
- Additional compensation for goodwill may be required if the termination/non-renewal is for conversion to a Denny's-owned operation.
Potential Mitigations:
- Carefully review the Hawaii-specific amendment and understand the conditions under which Denny's is obligated to purchase assets.
- Consult with a Hawaii-qualified franchise attorney to understand the implications of this requirement and how fair market value is determined.
- Maintain accurate records of all asset purchases and their values to facilitate a smooth valuation process in case of termination or non-renewal.
FDD Citations:
- Exhibit C State Specific Riders to Agreements (Hawaii Amendment): "...Denny's may, additionally, be obligated to compensate the Developer for loss of goodwill."
Operational & Brand Risks
3 risks identified
2
1
Mandatory Technology System Dependence and Costs
High
Explanation:
- Franchisees are required to use Denny's proprietary technology systems, including POS, back-office applications, and online ordering, creating dependence on Denny's and its chosen vendors.
- Costs associated with these systems, including initial purchase/lease, ongoing fees, mandatory upgrades, and potential system modifications, can be substantial and subject to change, impacting profitability.
- Dependence on a single technology platform creates vulnerability to system failures, data breaches, and vendor issues, potentially disrupting operations and impacting revenue.
Potential Mitigations:
- Carefully review all technology-related costs and contract terms in the FDD and Exhibits K and K-1. Negotiate favorable terms where possible.
- Develop a contingency plan for system outages or disruptions, including backup systems and alternative ordering methods.
- Budget adequately for ongoing technology expenses and potential upgrades, factoring in potential fee increases.
FDD Citations:
- Item 8: Details mandatory technology systems and potential costs.
- Exhibit K: Outlines technology fees and payment terms.
- Exhibit K-1: Specifies fees related to online ordering and delivery platforms.
Data Ownership and Control
High
Explanation:
- Denny's retains ownership of all data collected through its technology systems, including sales data and customer information.
- This limits franchisees' ability to independently analyze their own performance data and develop targeted marketing strategies.
- Potential misuse or unauthorized access to franchisee data by Denny's or third-party vendors poses a risk to business confidentiality.
Potential Mitigations:
- Thoroughly review the FDD's data ownership and usage clauses. Seek legal advice to understand implications for data privacy and control.
- Implement robust internal data security measures to protect sensitive customer information and comply with PCI-DSS requirements.
- Explore alternative data analytics tools that can be used in conjunction with Denny's systems to gain deeper insights into business performance.
FDD Citations:
- Item 8: "We reserve the right to connect to and extract data from your systems... We will own all data we obtain."
Mandatory Online Ordering System Participation
Medium
Explanation:
- Franchisees are required to participate in Denny's designated online ordering system (Olo), potentially limiting flexibility and increasing costs.
- Fees associated with online ordering, including transaction fees and platform charges, can impact profitability, especially for high-volume online orders.
- Dependence on a third-party online ordering platform creates vulnerability to service disruptions and technical issues.
Potential Mitigations:
- Negotiate favorable terms with Olo or explore alternative online ordering solutions if permitted.
- Optimize online ordering processes to minimize transaction fees and maximize efficiency.
- Develop a backup plan for online ordering disruptions, such as phone orders or alternative platforms.
FDD Citations:
- Item 8: "You must participate in the integrated online ordering system we designate..."
- Exhibit K-1: Details fees associated with online ordering platforms.
Performance & ROI Risks
3 risks identified
3
Declining Franchise Outlet Count
High
Explanation:
- Item 20, Table 1 shows a consistent decline in the total number of Denny's outlets (both franchised and company-owned) over the reported period (2022-2024). This suggests potential challenges with the brand's market position, competition, or overall business model.
- A shrinking system can impact brand recognition, economies of scale, and support resources available to franchisees.
- The substantial decrease of 69 franchised units and 4 company-owned units in 2024 is particularly concerning and warrants further investigation.
Potential Mitigations:
- Thoroughly investigate the reasons behind the declining outlet numbers. Interview existing and former franchisees to understand their experiences and challenges.
- Analyze Denny's competitive landscape and identify potential market share erosion. Assess the brand's relevance to current consumer trends.
- Evaluate Denny's support system for franchisees and identify areas for improvement. A strong support system can help franchisees navigate challenges and improve their chances of success.
FDD Citations:
- Item 20, Table 1: "Net Change -42, -38, -72" (Total Outlets)
High Franchisee Turnover (Transfers and Terminations)
High
Explanation:
- Table 2 shows a fluctuating, but concerning, number of franchise transfers. While 2023 saw an increase, the overall trend and the drop in 2024 could indicate franchisee dissatisfaction or struggles with profitability.
- Table 3 reveals a significant number of terminations, non-renewals, and other ceased operations across multiple states. This high turnover rate suggests underlying issues within the franchise system.
- These factors combined paint a picture of instability within the franchise network, which could negatively impact a new franchisee's prospects.
Potential Mitigations:
- Carefully review the reasons for franchise terminations and non-renewals. Interview former franchisees to understand their reasons for leaving the system.
- Analyze the financial performance of transferred franchises to assess their viability and potential for profitability.
- Scrutinize Denny's franchisee support and training programs. Identify any gaps that may contribute to franchisee failure.
FDD Citations:
- Item 20, Table 2: Transfer numbers across various states.
- Item 20, Table 3: Terminations, Non-Renewals, and Ceased Operations data.
Lack of Detailed Financial Performance Representations
High
Explanation:
- Item 19 explicitly states that the FDD does not include detailed cost breakdowns or net income figures. This lack of transparency makes it difficult to assess the potential profitability of a Denny's franchise.
- Relying solely on gross revenue figures without understanding associated costs can lead to inaccurate financial projections and unrealistic expectations.
Potential Mitigations:
- Conduct thorough independent research to estimate operating costs, including cost of goods sold, labor, rent, marketing, and royalties.
- Interview existing franchisees to gather information about their actual expenses and net income. Compare this information with your independent research.
- Consult with a qualified accountant or financial advisor to develop realistic financial projections based on available data and industry benchmarks.
FDD Citations:
- Item 19: "The financial performance figures do not reflect the costs of sales, operating expenses, or other costs or expenses that must be deducted from the gross revenue or gross sales figures to obtain your net income or profit."
FDD Documents by Year
Download and view official Franchise Disclosure Documents
FDD Year: 2025
Uploaded: 8/9/2025
FDD Year: 2024
Uploaded: 8/25/2025
FDD Documents
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