Companies

Pure Barre operates a substantial network of 617 outlets, with a relatively high franchise fee of $107,650 and a total investment ranging from $314,411 to $629,345. ✓ The brand provides an Item 19 financial disclosure, reporting an average unit volume (AUV) of $368,588, and has no litigation or bankruptcy history. ⚠ However, the growth trajectory is concerning, as the system added only 25 new outlets last year while closing 23, indicating near-zero net growth and potential market saturation or unit-level struggles.

GolfCave demonstrates strong operational stability with 611 total outlets, zero closures last year, and 35 new openings, indicating healthy demand and franchisee retention. ✓ The absence of litigation and bankruptcy further supports a clean legal and financial track record. ⚠ However, the total investment range of $505,820 to $1,003,136 is substantial, and the 8.5% royalty is on the higher side, which could pressure margins. The $35,000 franchise fee is moderate, and the presence of Item 19 financial disclosure provides transparency for prospective franchisees to evaluate unit-level economics.

Godfathers Pizza Inc. operates a large network of 606 outlets with a very low entry barrier, featuring a $0 franchise fee and a low 3.25% royalty, though the total investment range is wide at $155,525 to $1,344,340. ✓ The brand shows modest net growth, opening 27 outlets while closing 21 last year, indicating a stable but not rapidly expanding system. ⚠ A significant red flag is the absence of an Item 19 financial disclosure, which prevents prospective franchisees from evaluating unit-level profitability. ⚠ Additionally, the presence of litigation history adds a layer of legal risk that warrants careful due diligence.

Freeway Insurance operates a large network of 606 outlets with a low total investment range of $10,950 to $84,000, making it one of the most affordable franchise opportunities available. ✓ The franchise discloses a strong average unit volume (AUV) of $523,095, though the 14.0% royalty fee is notably high and will significantly impact operator margins. ✓ The absence of litigation or bankruptcy filings suggests a stable corporate history, but the lack of recent outlet opening and closing data makes it impossible to assess current growth trajectory or unit-level churn. ⚠ Prospective franchisees should scrutinize the high royalty burden against the disclosed AUV to ensure sustainable profitability.

Erbert & Gerbert's Sandwich Shop operates a sizable network of 605 outlets with a relatively low franchise fee of $5,000, though the total investment range of $39,500 to $460,270 is broad. ✓ The brand shows positive net growth, having opened 23 new outlets while closing only 7 in the last year, and discloses a healthy average unit volume (AUV) of $972,467. ⚠ However, the presence of litigation is a notable red flag that warrants further investigation into the nature and frequency of these legal issues. Overall, the system demonstrates solid expansion and unit economics, but the litigation risk tempers the otherwise favorable outlook.

TIRE PROS operates a large network of 605 outlets with a low franchise fee of $7,000 and a wide investment range of $11,995 to $503,725, making it accessible for various budgets. ⚠ A major red flag is the net loss of 39 outlets last year (70 opened vs. 109 closed), signaling significant churn and potential system instability. ✓ The absence of litigation is positive, but the company's bankruptcy history adds considerable risk for prospective franchisees. ⚠ Without Item 19 financial performance data, there is no verifiable evidence of profitability or unit-level success.

7 Brew demonstrates explosive growth with 283 new outlets opened last year against only 2 closures, indicating strong unit-level economics and franchisee satisfaction. ✓ The brand's average unit volume of $2.66 million is exceptionally high for the coffee segment, justifying the $940,500 to $2.28 million total investment and 7% royalty. ✓ With 602 total outlets and no litigation or bankruptcy history, the system shows remarkable operational stability despite its rapid expansion. ⚠ Prospective franchisees should carefully evaluate whether the high investment cost and saturated coffee market can sustain this growth trajectory in their specific territory.

Hand and Stone Massage and Facial Spa demonstrates strong unit economics with a reported average unit volume (AUV) of $1,390,276, which is a significant positive given the relatively moderate total investment range of $320,891 to $871,602. ✓ The franchise has shown robust growth, opening 55 net new outlets last year with only 2 closures, indicating a healthy system and strong demand. ⚠ However, the presence of litigation in the FDD is a notable risk factor that prospective franchisees should investigate thoroughly. The $0 franchise fee is an attractive incentive, but the 6.0% royalty is standard for the industry and should be factored into profitability projections.

Mister Softee operates a large network of 594 outlets, offering a relatively low franchise fee of $7,500 but requiring a total investment of up to $287,000. ✓ The brand shows stable scale with 23 new openings versus 20 closures last year, indicating a mature, low-churn system. ⚠ A significant red flag is the absence of Item 19 financial performance data, leaving franchisees without validated earnings expectations. Overall, this is a well-established brand with modest growth and no litigation or bankruptcy, but the lack of financial disclosure is a critical information gap for prospective investors.

Del Taco operates 592 units with a high total investment range of $1.3M to $3.1M, positioning it as a significant capital commitment in the QSR space. ✓ The brand reports an average unit volume of $1.8M, providing a clear financial benchmark for prospective franchisees. ⚠ However, a net decline of 34 outlets (91 opened vs. 125 closed) in the last year signals contraction, and the presence of litigation adds further risk. This negative growth trajectory and high entry cost warrant caution despite the established brand recognition.

Moe's Southwest Grill operates 591 outlets with a moderate franchise fee of $30,500 and a total investment range of $644,425 to $1,968,450. ✓ The brand provides Item 19 financial disclosure, reporting an average unit volume (AUV) of $1,182,975, which offers transparency for prospective franchisees. ⚠ However, a significant red flag emerges from the growth trajectory: the system closed 48 outlets last year while opening only 15, resulting in a net decline of 33 units. This contraction, combined with the absence of litigation or bankruptcy filings, suggests operational or market challenges that warrant careful due diligence.

ACE SUSHI operates a massive 589-unit system but faces a severe contraction risk, having closed 220 outlets last year while opening 217—resulting in net negative growth. The low $6,000 franchise fee and modest total investment range of $18,275 to $119,650 suggest a low-cost entry model, yet the absence of an Item 19 financial disclosure ⚠ leaves prospective franchisees without validated earnings data. Additionally, the presence of litigation ⚠ introduces legal uncertainty that could impact brand stability. While the scale is notable, the combination of net unit decline, no financial performance disclosure, and active litigation makes this a high-risk opportunity.

NextHome operates 587 outlets with a low $5,000 franchise fee and a wide total investment range of $16,750 to $221,595, making it accessible for various budgets. ⚠ The franchise has a net decline of 21 outlets over the past year, with 63 closures versus only 42 openings, signaling significant churn and potential system instability. ✓ The absence of a royalty fee is a notable positive for franchisee cash flow, but ⚠ the lack of an Item 19 financial disclosure prevents validation of unit-level profitability. ⚠ Additionally, the presence of litigation history adds a layer of legal risk that prospective franchisees should investigate thoroughly.

EXIT operates a large network of 568 outlets with a low franchise fee of $7,500 and no royalty, making the total investment range of $62,800 to $212,000 accessible. ⚠ However, the brand faces a significant red flag: it closed 79 outlets last year while opening only 55, indicating a net contraction. ⚠ The absence of an Item 19 financial disclosure prevents validation of unit-level profitability, and the presence of litigation adds further risk. ✓ Despite these concerns, the low-cost model and extensive scale may appeal to investors prioritizing affordability over growth stability.

Aamco Transmissions operates a mature network of 554 outlets, with a moderate initial investment of $234,800 to $353,200 and a 7.5% royalty. ✓ The brand provides Item 19 financial data, reporting an average unit volume of $937,483, which suggests solid revenue potential for established locations. ⚠ However, significant red flags include a net decline of 8 units last year (9 opened vs. 17 closed), plus a history of both litigation and bankruptcy, indicating potential system instability and operational challenges. Prospective franchisees should weigh the strong AUV against the negative unit growth and legal/bankruptcy disclosures.

Culligan International Company operates a large network of 553 outlets, but its growth trajectory is deeply concerning, with only 3 outlets opened last year versus 20 closures, signaling significant contraction. The franchise fee is $39,583 with a low 2.0% royalty, yet the total investment ranges from $130,000 to $813,515, a wide spread that suggests variable business models. ⚠ A critical red flag is the absence of Item 19 financial disclosure, leaving prospective franchisees without validated earnings data to assess profitability. ✓ On a positive note, the franchise has no litigation or bankruptcy history, though the net loss of 17 outlets in a single year warrants caution.

MOD Pizza operates 552 outlets with a moderate franchise fee of $30,000 and a 5% royalty, but the total investment range of $859,000 to $1,247,000 is substantial. ✓ The brand shows positive net growth, opening 24 outlets last year while closing only 4, indicating healthy expansion. ⚠ However, the absence of Item 19 financial disclosure is a significant transparency concern, and the presence of a bankruptcy filing is a major red flag for potential franchisees. Overall, while the growth trajectory is favorable, the lack of earnings data and bankruptcy history warrant cautious due diligence.

Freddy’s operates 550 outlets with a moderate franchise fee of $35,000 and a total investment range of $785,936 to $2,753,566, positioning it as a mid-to-high-cost opportunity. ✓ The brand shows healthy growth, opening 37 net new units last year against only 7 closures, and discloses an average unit volume of $1,891,124, indicating strong revenue potential. ✓ There are no litigation or bankruptcy concerns, which supports a clean operational history. ⚠ The 5.0% royalty is standard, but the wide investment range suggests significant variability in build-out costs depending on location and format.

Hungry Howie's Pizza & Subs operates a sizable network of 548 outlets with a relatively low franchise fee of $12,500 and a moderate total investment range of $251,375 to $495,850. ✓ The brand provides an Item 19 disclosure showing an average unit volume (AUV) of $666,176, offering clear financial performance data to prospects. ⚠ However, the system experienced zero net growth last year, with 19 openings exactly offset by 19 closures, signaling potential stagnation or churn. ✓ On a positive note, the franchise has no history of litigation or bankruptcy, indicating a clean legal and financial track record.

CoolVu operates a large network of 542 outlets with a low franchise fee of $2,000, but the total investment range of $46,795 to $233,573 is broad, suggesting significant variability in unit types. ⚠ The brand is shrinking, having closed 32 outlets last year while opening only 20, and it lacks an Item 19 financial disclosure, leaving franchisees without validated earnings data. ✓ No bankruptcy history provides some stability, but ⚠ active litigation is a notable risk factor. This combination of net unit decline, missing financial performance representations, and legal issues makes the opportunity highly speculative.

Visiting Angels operates a large network of 541 outlets, with a relatively low franchise fee of $51,950 and a modest 3.5% royalty, making the total investment range of $125,460 to $171,150 accessible for a home care brand. ✓ The system shows stable, modest growth with 11 new openings against 9 closures last year, indicating a mature but steady trajectory. ⚠ A key red flag is the presence of litigation, which warrants further investigation into the nature and frequency of legal issues. Overall, this is a well-established, low-cost franchise in a growing industry, but the litigation history tempers its appeal.

Regal Nails, Salon & Spa, LLC operates a massive network of 537 outlets, but its growth trajectory is deeply concerning with only 10 new openings versus 57 closures in the last year. The total investment ranges from $172,722 to $720,666 with a $25,000 franchise fee, though the absence of an Item 19 financial disclosure ⚠ prevents any assessment of unit-level profitability. The lack of a royalty fee ✓ is a notable positive for franchisee cash flow, but this is heavily outweighed by the net loss of 47 outlets and the presence of litigation ⚠, signaling significant operational or brand challenges. This franchise presents a high-risk profile given its rapid contraction and lack of financial transparency.

RooterMan operates a large network of 535 outlets with a very low franchise fee of $7,475 and no ongoing royalty, making the total investment range of $45,075 to $82,475 highly accessible. ⚠ However, the brand is in severe contraction, having closed 28 outlets last year while opening only 4, a net loss of 24 units. ⚠ The absence of Item 19 financial performance data and the presence of litigation are significant red flags that obscure potential earnings and signal legal risk. This combination of rapid shrinkage, lack of financial disclosure, and legal issues makes RooterMan a high-risk opportunity despite its low entry cost.

Captain D's operates a sizable 530-unit quick-service seafood chain with a moderate entry cost, requiring a total investment of $898,600 to $1,354,200 and a $17,500 franchise fee. ✓ The brand provides Item 19 financial performance data, reporting an average unit volume (AUV) of $1,087,471, which offers transparency for prospective franchisees. ✓ Growth is positive but measured, with 18 new outlets opened against 8 closures last year, indicating a net gain of 10 units. ⚠ The 4.5% royalty fee is standard, and the absence of litigation or bankruptcy history suggests a stable franchise system.

Frontier Adjusters, Inc. operates a large network of 527 outlets with a remarkably low total investment of $21,500 to $30,450 and no franchise fee, making it one of the most affordable franchise opportunities available. ✓ The system provides an Item 19 financial disclosure showing an average unit volume of $55,516, though the 15% royalty is relatively high for such a low-revenue model. ⚠ A massive red flag is the severe net contraction, with only 5 new outlets opened last year against 64 closures, indicating a system in rapid decline. This franchise offers a low-cost entry point but carries significant risk due to its shrinking footprint and negative growth trajectory.

Style Encore operates a substantial network of 526 outlets, with a moderate franchise fee of $15,000 and a total investment range of $355,700 to $467,900. ✓ The brand provides Item 19 financial disclosure, reporting an average unit volume (AUV) of $1,291,903, which is a strong positive for prospective franchisees. ⚠ However, the growth trajectory is concerning, as the system added only 18 new outlets while closing 11 in the last year, indicating a net gain of just 7 units. ✓ There are no litigation or bankruptcy issues, but the high closure rate relative to openings warrants caution regarding unit-level stability.

Snap Fitness operates 520 outlets with a moderate investment range of $430,800 to $1,118,100 and a franchise fee of $51,067. ✓ The brand provides Item 19 financial disclosure, reporting an average unit volume (AUV) of $250,461, which offers some transparency for prospective franchisees. ⚠ However, a significant red flag is the net closure of 38 units last year (2 opened vs. 40 closed), indicating severe contraction and potential system instability. ⚠ Additionally, the presence of litigation further elevates risk, making this a high-caution opportunity despite the disclosed financials.

Checkers operates 504 outlets with a relatively accessible franchise fee of $15,000, though total investment ranges from $751,117 to nearly $2.8 million. ✓ The brand reports an average unit volume of $1,175,823, providing a clear financial benchmark for prospective franchisees. ⚠ However, a significant red flag emerges from its growth trajectory: the system closed 55 outlets last year while opening only 19, indicating a net contraction of 36 units. ⚠ Additionally, the presence of litigation further elevates risk, suggesting potential operational or legal challenges that warrant careful due diligence.

Aunt Millie’s Bakeries operates a large network of 502 outlets, but the system is in severe decline with 28 closures and zero new openings in the last year. ⚠ The absence of an Item 19 financial disclosure prevents any assessment of unit profitability, which is a significant risk for prospective franchisees. ✓ The relatively low total investment range of $36,988 to $186,494 and no royalty fee reduce ongoing costs, but the lack of growth and high closure rate signal serious operational or market challenges.

Pearle Vision operates 500 outlets with a moderate franchise fee of $30,000, but the total investment range of $689,464 to $1,326,854 is substantial. ✓ The brand provides Item 19 financial disclosure, reporting an average unit volume of $1,429, though this figure appears low relative to the high investment. ⚠ A significant red flag is the net outlet decline, with 11 closures versus only 8 openings last year, indicating contraction. ⚠ Additionally, the presence of litigation adds further risk for prospective franchisees.

Red Robin operates a large system of 498 outlets, but its franchise growth is stagnant with only one outlet opened and one closed last year, indicating a mature or flat network. The total investment is substantial, ranging from $2.7M to $5.8M, which is a high barrier for entry. ⚠ A significant red flag is the absence of Item 19 financial performance data, leaving franchisees without crucial earnings projections, and the presence of litigation adds further risk. ✓ The relatively low $35,000 franchise fee and 5.0% royalty are standard, but the lack of growth and financial disclosure makes this a cautious proposition.

Coverall (N.G.T.) operates 487 total outlets with a low entry cost, featuring a franchise fee of $5,150 and a total investment range of $8,281 to $52,487. ✓ The system shows strong net growth, opening 62 outlets last year while closing 28, indicating active expansion. ⚠ However, the absence of Item 19 financial disclosure and the presence of litigation are notable red flags that limit transparency and raise operational concerns. Prospective franchisees should weigh the affordable investment against the lack of earnings data and legal risks.

Caribou Coffee Development Company, Inc. operates a substantial 487-unit system with a high average unit volume of $1,104,835, indicating strong revenue potential for franchisees. ✓ The investment range of $268,279 to $1,381,429 is significant, though the $15,000 franchise fee and 5.0% royalty are competitive for the coffee segment. ⚠ Growth is modest, with only 14 net new outlets opened last year against 10 closures, suggesting a mature or slow-growth phase. ✓ The absence of litigation or bankruptcy filings provides a clean operational record, but the near-flat unit growth warrants caution for investors seeking rapid expansion.

Long John Silvers LLC operates 485 outlets but faces significant contraction, with 15 closures against only 2 openings last year. ✓ The franchise fee is a modest $20,000 with a 5% royalty, but the total investment range of $543,690 to $2,416,078 is exceptionally wide, suggesting high variability in unit types. ⚠ The absence of Item 19 financial performance data is a major red flag, as it prevents validation of unit-level economics. ⚠ Combined with a history of litigation and bankruptcy, this signals a high-risk, declining system with limited transparency.

Stretch Lab operates a substantial network of 485 outlets, with a relatively high franchise fee of $157,150 and total investment ranging from $269,019 to $610,224. ✓ The brand demonstrates strong growth, having opened 71 new locations last year against only 14 closures, and provides Item 19 financial disclosure showing an average unit volume of $556,263. ⚠ However, the 8.0% royalty fee is on the higher side, which may pressure margins given the significant upfront investment required. Overall, the system shows healthy expansion and transparency, though prospective franchisees should carefully evaluate the cost structure against the disclosed revenue potential.

KOA operates a massive network of 483 outlets, demonstrating significant scale and brand recognition in the campground industry. ✓ The franchise offers a relatively low entry point with a $15,000 franchise fee and a minimum investment of $109,000, though the maximum investment of over $16.6 million indicates a wide range of property sizes. ⚠ Growth is modest with 7 new outlets opened versus 5 closures last year, suggesting a mature system rather than rapid expansion. ⚠ The presence of litigation is a notable red flag that warrants further investigation into the nature and frequency of legal disputes.

Pandora Franchising, LLC operates a network of 481 outlets but shows significant distress with zero new openings and 17 closures in the last year, indicating a contracting system. The total investment range of $963,000 to $1,787,000 is substantial, though the $0 franchise fee and 4.0% royalty are modest. ⚠ A major red flag is the absence of Item 19 financial performance data, preventing validation of unit economics, while the presence of litigation adds further risk. This franchise presents a high-risk profile due to its negative growth trajectory, lack of financial disclosure, and legal issues.

Sylvan Learning operates a mature network of 476 outlets with a moderate investment range of $107,922 to $288,400 and a franchise fee of $46,900. ✓ The brand provides Item 19 financial disclosure, reporting an average unit volume (AUV) of $395,189, and has no litigation or bankruptcy history. ⚠ However, the system shows stagnation, with only 24 outlets opened versus 21 closed in the last year, indicating minimal net growth. This flat trajectory, combined with the absence of a stated royalty fee, suggests potential reliance on other revenue streams or a need for closer examination of unit-level profitability.

REMAX operates a massive network of 475 outlets but faces a severe contraction, with 266 closures last year against only 111 openings, signaling a net loss of 155 locations. ✓ The low franchise fee of $8,750 and no royalty structure offer a cost-efficient entry point, though the total investment range of $37,100 to $336,500 varies widely. ⚠ The absence of Item 19 financial disclosure is a major red flag, as it prevents validation of unit-level profitability or performance. This franchise presents a high-risk profile due to its shrinking footprint and lack of transparency, despite its brand recognition and low upfront costs.

CARSTAR operates a large network of 471 collision repair centers, with a relatively low franchise fee of $10,000 but a wide total investment range of $23,500 to $804,300, indicating significant variability in location setup costs. ✓ The brand shows strong revenue potential, with an average unit volume (AUV) of over $3.2 million disclosed in Item 19, and no litigation or bankruptcy history suggests a stable franchise system. ⚠ However, the growth trajectory is concerning, as 48 new outlets opened last year were nearly offset by 32 closures, pointing to potential churn or underperformance among existing units. This high closure rate relative to new openings warrants caution for prospective franchisees evaluating long-term stability.

Transworld operates a substantial network of 467 outlets, demonstrating significant scale in the franchise space. The investment range of $104,105 to $143,615 is relatively low, and the disclosed average unit volume of $990,674 suggests strong revenue potential. ✓ Growth is positive with a net gain of 12 units (30 opened vs. 18 closed) in the last year, and the absence of litigation or bankruptcy history is a clear positive. ⚠ However, the 10% royalty fee is on the higher side, which will meaningfully impact franchisee margins.

Z PLUMBERZ demonstrates exceptional growth with 178 new outlets opened against only 5 closures, reflecting a strong and scalable system. ✓ The franchise offers a relatively low entry cost with a $19,900 fee and total investment starting at $264,670, supported by a robust average unit volume of $926,489. ⚠ However, the 8.0% royalty is on the higher side, which may compress margins for franchisees. Overall, this is a rapidly expanding, low-litigation franchise with compelling unit economics.

Schmidt operates a large network of 464 outlets with a relatively low franchise fee of $16,000, though the total investment range of $44,743 to $349,678 is broad. ✓ The brand shows net positive growth, opening 78 outlets last year while closing 58, indicating expansion momentum. ⚠ A significant red flag is the absence of Item 19 financial performance data, leaving franchisees without validated earnings projections, and the presence of litigation adds further risk.

Noodles & Company operates a sizable 463-unit system with a moderate franchise fee of $35,000 and a total investment range of $669,000 to $1,412,000. ✓ The brand provides Item 19 financial disclosure, reporting an average unit volume (AUV) of $1,285,365, which offers a solid revenue baseline for prospective franchisees. ⚠ However, the system faces significant headwinds, having closed 13 outlets last year while opening only 3, resulting in a net contraction of 10 units. ⚠ Additionally, the presence of litigation is a notable red flag that warrants further due diligence before investment.

Big O Tires operates a substantial network of 462 outlets with a high average unit volume of $2.86 million, suggesting strong revenue potential for franchisees. However, the total investment range of $511,500 to $1,882,500 is significant, and the system experienced net contraction last year with 11 closures against 10 openings. ⚠ The presence of litigation and a negative growth trajectory are notable red flags that warrant caution. ✓ The absence of a royalty fee is a positive financial structure for operators.

Pfg Ventures, L.p. operates a large network of 461 outlets with a remarkably low total investment range of $7,030 to $27,695 and a $0 franchise fee, making it one of the most accessible franchise opportunities by cost. ⚠ However, the absence of an Item 19 financial disclosure is a significant red flag, as prospective franchisees have no validated data on potential earnings or performance. ✓ The 5.0% royalty is standard, but the growth trajectory is deeply concerning, with only 1 outlet opened last year against 23 closures, indicating severe systemic shrinkage and a net loss of 22 units. This franchise presents extreme risk due to its rapid contraction and lack of financial transparency, despite its low entry cost.

Oxi Fresh operates 461 outlets with a relatively low total investment range of $53,775 to $105,329, making it an accessible entry point in the carpet cleaning sector. ✓ The brand reports a healthy average unit volume (AUV) of $162,260, which provides a clear financial benchmark for prospective franchisees. ⚠ However, a significant red flag is that closures (28) outpaced openings (19) in the last year, indicating a net contraction and potential system-wide challenges. This negative growth trajectory, combined with the absence of a stated royalty fee, warrants careful due diligence on unit-level profitability and franchisee support.

Howard Hanna operates a large network of 452 outlets with a relatively low total investment range of $45,000 to $258,500, though the $25,000 franchise fee and 6.0% royalty are notable costs. ✓ The absence of litigation and bankruptcy filings suggests a stable legal and financial history. ⚠ A critical red flag is the lack of Item 19 financial performance disclosure, which prevents prospective franchisees from evaluating potential earnings. ⚠ The network showed zero net growth last year with one closure, indicating a stagnant or contracting footprint that warrants caution.

Real Property Management operates a sizable network of 450 outlets, with a moderate entry cost ranging from $91,796 to $244,302 and a $59,900 franchise fee. ✓ The brand shows a positive financial disclosure with an average unit volume of $4,552 and no litigation or bankruptcy history. ⚠ However, growth is nearly stagnant, as only 31 outlets opened last year were offset by 28 closures, signaling potential churn or market saturation. This franchise offers a low-cost entry into property management but carries a cautionary note due to its flat net growth trajectory.

Jet's America, Inc. operates 450 outlets with a moderate investment range of $572,500 to $786,000 and a $15,000 franchise fee. ✓ The brand shows healthy net growth, opening 27 new outlets while closing only 3 in the last year. ⚠ However, the 12.0% royalty is relatively high, and the absence of Item 19 financial disclosure limits transparency on unit profitability. ⚠ Additionally, the presence of litigation history introduces a notable risk factor for prospective franchisees.