Skip to main content
FranchiseVerdict
Children’s Orchard logo

Children’s Orchard Franchise Cost, Revenue & Review 2026

RetailMNFranchising since 2015
CAverageAverage43/100Editorial grade from public filings; not investment advice.
Investment
$227K – $336K
Disclosed sales
$419K
gross sales, not profit
SBA charge-off
Under 10 loans (2)

Investment, fees, disclosed sales, units, SBA record and risk, as one PDF. Free; no spam; one click to unsubscribe.

FV-00521FDD 2026Data QualityExcellent95%
Owner-operator requiredYes: Exclusive territory

Data from FDD filing + SBA 7(a) records

Analysis by FranchiseVerdict Research · Methodology

Children's Orchard is a resale retail franchise that buys and sells gently used children's clothing, toys, and gear. Franchisees run the stores, managing buying, resale inventory, and customer service.

FranchiseVerdict summary · 2026

A Children’s Orchard franchise requires a total initial investment of $227K – $336K, including a $25K franchise fee and an ongoing 4.0% royalty[2]. Per the 2026 FDD, average unit revenue was $419K[2]. FranchiseVerdict grade: C (Average), an editorial assessment, not investment advice. Run a live ROI scan →

Sources, dates and evidence

FDD issued: · Data extracted: · Last cited check: · Staleness risk: low - issued within the last 12 months

Evidence: strong✓ Investment (Item 7)✓ Item 19 status✓ Units and owners (Item 20)✗ SBA loan coverage✓ Litigation (Item 3)✓ Financial statements (Item 21)✓ Franchisor identityhow this is scored7 of 7 headline figures on this page cite a page of the filing.

Overview

Investment
$227K – $336K
26th pct Retail
Avg gross sales
$419K
Net sales3rd pct Retail
Royalty
4.0%
3rd pct Retail
Units
13
11th pct Retail
SBA charge-off
N/A

Quick verdict · Retail · color = vs category peers

Total Investment
$227K – $336K
Median $336K
below median ↓, better than category
Franchise Fee
$25K – $25K
Median $35K
below median ↓, better than category
Liquid Capital Req'd
$15K – $20K
Median $35K
below median ↓, better than category
Avg Revenue
$419K
Median $803K
below median ↓, worse than category
Net sales
Royalty Rate
4.0%
Median 5.0%
below median ↓, better than category
Ongoing Fees
4.0% of rev
Median 8.0%
below median ↓, better than category
SBA Charge-Off Rate
Under 10 loans (2)
Insufficient SBA coverage: 2 loans, rate hidden below 10
System Size
13 units
Median 61 units
below median ↓, worse than category
Turnover Rate
15.4%
Median 3.0%
above median ↑, worse than category
Territory
Exclusive
No other outlet of the brand may open inside it
Owner-Operator
Required
You must run it yourself
Litigation
2 cases
Some history

Green = favorable by >10% vs Retail median · No shading = within ±10% · Red = unfavorable by >10% · Source: FDD filings + SBA 7(a)

Data from public FDD filings and SBA records. Not financial advice. Methodology

Bottom line

  • COSTTotal investment $227K – $336K including a $25K franchise fee, 4.0% ongoing royalty.
  • RETURNSAverage unit revenue of $419K/year (median $367K).
  • RISKVerdict C (Average), verdict score 43/100 (higher is better).
  • GROWTHNegative: net -2 franchised outlets in the latest year (0 opened, 2 closed); 2 signed but not yet open (Item 20).

Item 1 · who you're contracting with

The Franchisor

Corporate structure & franchisor financials
Legal entity
Children's Orchard, LLC
Parent company
NTY Franchise Company, LLC
FDD Item 1, page 8 of the 2026 FDD
Predecessor
Children's Orchard, Inc. (COI)
Prior franchisor entity
CEO title
President
Ronald G. Olson
CEO experience
35 yrs
Years in role or industry
Incorporated in
DE
HQ
13895 Industrial Park Blvd, Ste 100, Plymouth, MN 55441
Auditor
LB Carlson, LLP
Audited financials
Franchisor revenue
$3.8M
vs $3.8M prior year
Management churn noted
Frequent turnover
Item 2 disclosed frequent executive changes

Affiliated brands

  • NTY Clothing Exchange
  • Clothes Mentor
  • Device Pitstop
  • BST Software Company

Other brands the franchisor or its parent operates (Item 1).

Same owner · FDD Item 1, page 8

1 other brand on this site name NTY Franchise Company, LLC as parent or ultimate parent in their own FDD.

Grouped by the owner's name as each filing prints it (this page: the 2026 FDD). Spelling variants of the same group may be listed apart; a brand is never grouped with an owner its filing does not name.

Overview

About

CEO
Ronald G. Olson
Headquarters
MN
Founded
2014
FDD year
2026
States available
8

Can you afford it, and what does the money buy?

Entry cost runs 16% below the typical retail franchise.

Total investment (Item 7)$227K – $336KCited, not corroborated — printed on page 16 of the 2026 FDD (Item 7). Nothing else in our record independently restates or re-derives it.
Franchise fee$25,000Cited, not corroborated — printed on page 11 of the 2026 FDD (Item 5). Nothing else in our record independently restates or re-derives it.
Royalty4.0%Cited, not corroborated — printed on page 11 of the 2026 FDD (Item 6). Nothing else in our record independently restates or re-derives it.
Ad fundNot extracted
Working capital$15K – $20K

Source: FDD 2026 · Items 5–7

Full Item 7 breakdown15 line items

Initial investment breakdown

Item 7 initial investment line items
Line itemLowHigh
Initial Franchise Feenot refundable$20K$25K
Leasehold Improvements$21K$50K
Signs$5K$9K
Fixtures and Supplies$55K$65K
POS Software and POS System$6K$8K
Inventory$35K$50K
Deposits, Business Licenses and Permits$7K$15K
Legal and Accounting$0$4K
Security$3K$5K
Travel Expenses to Attend Training$5K$9K
Pre-Opening Labor Expense$10K$15K
Grand Opening Advertising$12K$16K
Rent - 3 Months$20K$25K
Miscellaneous Pre-opening Expenses$14K$20K
Additional Funds - 3 Months$15K$20K
Total initial investment$227K$336K

Line items extracted from FDD Item 7. Ranges reflect the franchisor's stated low and high per line. Total is the sum of line-item lows / highs — actual costs may fall outside this range depending on market and build-out scope.

Item 7 · what it costs to open + operate

The Vitals

Total investment
$227K – $336K
Top 40% of category vs category
Liquid capital req'd
$15K – $20K
Top 40% of category vs category
Franchise fee
$25K – $25K
Top 40% of category vs category
Royalty
4.0%
typical 6–8%
Ad fund
$2,000 per year (flat National Marketing Fund fee, not a …
Total fee load
4.0%
vs 9–13% typical

Ongoing fees · Item 6

Children’s Orchard: Item 6 recurring fees
FeeAmount
Royalty4.0% of net sales
Technology fee$500
Transfer fee$8K
Renewal fee$10K
Inventory (initial)$35K – $50K
Total fee load4.0% of rev
Fee structure insight

A 4.0% total fee load is unusually lean. More of each revenue dollar stays with the franchisee.

What do units actually make?

Average unit sales run 48% below the retail norm.

Avg gross sales$419K

Reported as net sales, not gross sales

Cited, not corroborated — printed on page 35 of the 2026 FDD. Nothing else in our record independently restates or re-derives it.
Median gross sales$367KCited, not corroborated — printed on page 35 of the 2026 FDD. Nothing else in our record independently restates or re-derives it.
Item 19 typeNet Sales by quartile
Sample size13 outlets

Source: FDD 2026 · Item 19

Single-unit · not modelled

Returns at a glance

An FDD discloses gross sales, not profit, and the operating costs that turn one into the other are in no filing. We publish no modelled return for Children’s Orchard until someone supplies them — yours, in the models below.

—

Not modelled yet

An FDD discloses gross sales, not profit. We hold no sourced figure for ad fund rate, COGS, labour, rent / occupancy and other operating costs, and will not substitute an assumed one. Enter your own and the model runs on your assumptions.

Total invested capital · disclosed

$299K

Item 7 initial investment plus working capital, as filed — the one figure here that needs no assumption.

ROI & LBO modelsSingle-unit · 25-unit portfolio · editable
Blue values = direct from FDD (Item 7 investment, Item 19 revenue, Item 6 fees)Not set = no filing supplies it and we will not substitute one. Enter your own

What one unit earns on your invested capital

Model A · Single-Unit Return

Computes unlevered return on invested capital (ROIC) for a single franchise unit, read against the 30–60% reference band · Yale SOM, Post-MBA Path Exhibit 2 (2023). Below that band a passive index fund likely outperforms; above it the franchisor has pricing power you're subsidizing.

Note: Item 19 revenue is what the franchisor discloses, and it is the top line only — gross sales are not profit. No FDD discloses the operating costs that turn one into the other, so those fields start empty and nothing is modelled until you supply them from your own lease quote, labor market and build-out budget.

Returns model · single-unit ROIC

What would one Children’s Orchard unit return on the cash you put in?

From FDDNot set — you supply itYou overrode an FDD value
Revenue · per unit, per yearFDD
FDD Item 19 reports $418,805 per unit
Franchisor take · royalty + ad fundFDD
typ 6–8%
typ 3–5%
Operating costs · not in any FDDnot set

Illustrative category typicals — not sourced to any filing, survey or sample. Replace them with figures from franchisee validation calls before you rely on the output.

Total invested capital · what you put in to openFDD
FDD Item 7: $227K–$336K (midpoint used)
FDD reports $15K–$20K

Unlevered ROIC · per unit

Your modelled return on total invested capital, before any debt financing.

—

An FDD discloses gross sales, not profit. We hold no sourced figure for ad fund rate, COGS, labour, rent / occupancy and other operating costs, and will not substitute an assumed one. Enter your own and the model runs on your assumptions.


Store EBITDA · annual
—
EBITDA margin
—
Total invested
$299K
Payback
—
Single-unit only. A multi-unit portfolio gives up roughly 5–15% of this to shared services (corporate G&A) before reaching the ~10-unit break-even point.

What 25 units return when you use SBA financing

Model B · Return on Equity: Debt-Financed Acquisition

Models a 25-unit portfolio acquisition financed with an SBA 7(a) loan. Shows equity IRR (your return on cash invested), DSCR (how safely the cash flow covers debt service), and the capital stack (SBA + seller + equity breakdown).

This is the “search fund” or “entrepreneurship through acquisition” scenario: you buy an existing multi-unit operator, use leverage to amplify returns, and either operate or hire management. The 25-unit size is the typical minimum for an SBA-backed franchise portfolio acquisition to pencil as a full-time income.

What “return on equity” means here: if you put in $500K of your own cash and the business generates enough EBITDA to pay down debt and grow, your equity IRR is the annual return on that $500K, including the value created when you eventually sell. Target IRR for a search fund is typically 25–35%.

Not modelled yet

An FDD discloses gross sales, not profit. We hold no sourced figure for ad fund rate, COGS, labour, rent / occupancy and other operating costs, and will not substitute an assumed one. Enter your own and the model runs on your assumptions.

A 25-unit return is built on a per-unit EBITDA. Fill in the operating costs in Model A above and this model runs on that figure, or take the whole scenario to the full ROI workbench, where the portfolio and LBO models accept your own per-unit economics directly.

These models are for research and scenario planning only. Not investment advice. Actual results depend on your specific location, management, and market conditions. Consult a franchise attorney and accountant before signing any franchise agreement.

Item 19 · Source: 2026 FDD

Financial Performance

Reported as net sales, not gross sales

Avg gross sales
$419K
Per unit, per year
Median gross sales
$367K

Gross sales are revenue before expenses — not profit. Actual owner earnings depend on rent, labor, royalties, marketing fees, and debt service.

Item 19 type
Net Sales by quartile
Sample size
13 outlets
vs category median 46 · small
Range (low → high)
$257K→$753KCited, not corroborated — printed on page 35 of the 2026 FDD. Nothing else in our record independently restates or re-derives it.
Cohort dispersion (min → max)
Quartile band
$274K→$632K
Bottom 25% → top 25%
Reporting year
2025
Fiscal year the figures cover
Source filing
FDD 2026
Disclosed in the 2026 filing, covering 2025
Transparency
4 / 10
vs category median 3 / 10 · above
Gross sales rank3th
Item 19 reporting methods vary across brands
Investment cost rank26th
Lower investment ranks lower (better)
Royalty rate rank3th
Lower royalty = lower percentile (better)
Unit count rank11th
vs Retail peers
Risk score rank50th
Lower risk = lower percentile (better)

Compared against 278 Retail brands

Showing the headline figures — all 162 extracted fields are in the Full FDD Report · $19 →

Operator outlook

What the numbers say

Data-driven interpretation of this brand's financial disclosures, fee structure, and system trajectory.

Unit economics

Average unit generates $419K/year in gross sales. Revenue-to-investment ratio: 1.5x.

Fee burden

Total ongoing fee load of 4.0% — below the Retail median of 8.0%.

Disclosure

Transparency score 4/10 — this franchisor discloses detailed breakdowns (quartiles, segments, or cohort data). Buyers can model unit economics with higher confidence.

Operator retention

System contracting at -27.8% CAGR over 3 years. Investigate whether closures are franchisor-driven consolidation or franchisee exits.

Multi-unit rate

Only 1% of franchisees own multiple units. Could indicate challenging economics or a young system where operators haven't had time to expand.

Source: FDD Item 19 financial performance representations and publicly filed FDD data. Past performance is not indicative of future results. Verify all figures with the franchisor and current franchisees before making any investment decision.

vs Retail medians

How Children’s Orchard Compares

Metric
Children’s Orchard
Category median
vs median
Investment
$281K
$336Kmiddle half $198K–$495K · n=128
Below median, better than category
Revenue
$419K
$803Kmiddle half $529K–$1.1M · n=54
Below median, worse than category
Unit Count
13
61middle half 14–208 · n=126
Below median, worse than category

Category median of published Retail brands that report the figure; the middle half spans the 25th to 75th percentile and n counts the brands behind it. Medians are used because a few very large systems pull an average far from the typical brand. Revenue is disclosed gross sales, not profit.

Is the system healthy?

Total units13Verified — printed on page 36 of the 2026 FDD (Item 20), and the table's own arithmetic closes on it two ways.
3-yr growth-27.8% (worth scrutinizing)
Turnover rate15.4% (caution)

Source: FDD 2026 · Item 20

Unit growth

Item 20 · unit dynamics

The Growth Chart

Total units
13
Opened
0
Last reporting year
Closed
2
Terminated
0
Franchisor ended the franchise (per Item 20)
Non-renewed
0
Term expired, not renewed (per Item 20)
Turnover rate
15.4%
Company-owned
0
Corporate units in the system
% franchised
100%
vs corporate-owned
Multi-unit owners
1.0%
Net growth (3-yr)
-27.8%
Net unit change over 3 years
3-yr CAGR
-27.8%
Compounded over last 3 years

Last fiscal year · Item 20 exits and transfers

Terminated
0
Not renewed
0
Transferred
0
Reacquired
0
Franchisor bought back
Signed, not yet open
2
0.15 per open outlet · Item 20 Table 5
Projected new
1
Franchisor's next-year forecast
Continuity rate
86.7%
Units that stayed open
Ceased ops
15.4%
Units that stopped operating
2023
18
Franchised units
2024
15-3
Franchised units
2025
13-2
Franchised units

Year-over-year franchised unit counts and net change. Source: FDD Item 20.

Item 20 · 8 states with active franchisees

The Territory Map

Derived from franchisee contact records. Shows states with at least one current operator. Not where the franchisor is registered to sell new units (that data is re-extracting in a future refresh).

AK
ME
VT
NH
MA
RI
CT
NY
NJ
PA
DE
MD
DC
WA
OR
CA
NV
ID
MT
WY
UT
CO
AZ
NM
ND
SD
NE
KS
OK
TX
MN
IA
MO
AR
LA
WI
IL
MS
TN
MI
IN
KY
AL
OH
WV
GA
VA
NC
SC
FL
HI
Active operators · 8 states
No contacts on file

States derived from franchisee contact records (FDD Item 20). Shows states with at least one current operator on file. Full state registration data (Item 12) will appear on a future FDD refresh.

Available to sell in · Item 12

  • Michigan

States where the franchisor is registered to sell new franchises (FDD registration filings).

Where the owners are · Item 20 owner list

13 current owners across 8 states.

  • CA 3
  • MA 3
  • MI 2
  • AR 1
  • NH 1
  • NV 1
  • TN 1
  • WI 1

Counts only, from the list the franchisor prints in Item 20; 7 entries carry no state. Names and phone numbers are for your own due diligence and are not shown here.

SBA loan performance

Government records

SBA Loan Data

Aggregated from SBA loan disclosures. This brand has only 2 7(a) loans on file; statistical reliability is limited below 10 loans.

Total loans
2
Loan volume
$299K
Median loan
$150K
average
Charge-off rate
Under 10 loans (2)
Insufficient SBA coverage: 2 loans, rate hidden below 10

Historical SBA 7(a) lending data, not predictive of future performance. How SBA charge-off rates are calculated

Repayment rate (PIF)
Under 10 loans (2)
5-yr charge-off
Under 10 loans (2)
Loans approved 2021+
Active lenders
2
Defaults
N/A

Explore lender portfolios on Bank Reports or regional data on State Reports.

What could kill this investment?

SBA charge-offUnder 10 loans (2)
Verdict score43/100 (higher is better)
Litigation2 cases
Auditor going-concern doubtNo (favorable vs category)

Source: SBA 7(a) FOIA · FDD Items 3, 21

Risk analysis

FranchiseVerdict rating + FDD Items 3, 4, 8, 16, 21

Risk & Legal

CAverage43Verdict score 43/100

Children's Orchard presents HIGH RISK due to a contracting unit base, substantial litigation history involving breach of contract and financial misrepresentation, zero net income transparency, and an unsustainably small franchise system.

Moderate confidence±10 pts
3353

Litigation (Item 3)

Subject: the franchisor is a named party (defendant).

Two concluded arbitrations: (1) CSW Strategic Solutions v. NTY Franchise et al. (2020), settled $400,000 in August 2021; (2) Transcendent Business Holdings v. NTY Franchise et al. (2019), settled $650,000 in January 2020. Both involved claims of improper financial performance representations.

Bankruptcy (Item 4)

None disclosed

Audited financials (Item 21)

Yes · LB Carlson, LLP

Franchisor revenue (Item 21)

Yr 1: $3.8MYr 2: $3.8MNon-royalty: $0.2M

Franchisor entity revenue (not unit-level)

Item 21 includes audited financial statements of the franchisor's affiliate/guarantor Clothes Mentor, LLC (as of Dec 31, 2025/2024), not the franchisor Children's Orchard, LLC, whose separate statements are not included. Total revenue comprises franchise fees, royalty fees, and marketing fund contributions; interest income of $23,515 is reported separately as other income.

ⓘ These are the parent company's consolidated financials (the parent guarantees the franchisor), not this brand's standalone results — the figure reflects the whole corporate group, not this brand alone.

Supplier relationship · Items 8 & 16

  • Franchisor sells you products: No
  • Kickbacks from required suppliers: Yes
  • Must buy proprietary products: No
  • Restricted to system-approved products: Yes
  • Can negotiate own supplier terms: Yes

Score breakdown · what drove the 43 / 100 verdict

  1. 01MINORDeclining unit count: 13 units with -13.3% YoY contraction indicates system is shrinking, not growing
  2. 02HIGHTwo litigation settlements totaling $1.05M within recent history suggest systemic issues with contract enforcement and financial transparency
  3. 03MINORNo average net income disclosure despite $418,805 average revenue—inability or unwillingness to provide profitability data is a major transparency red flag
  4. 04MINORHigh initial investment ($226,700-$335,500) with only 4% royalty structure may indicate franchisor relies on upfront fees rather than franchisee success
  5. 05MED13-unit system is extremely small and vulnerable; franchisees have minimal peer support network and franchisor has limited resources
  6. 06MINOR10-year term locks franchisees into relationship with shrinking brand with no demonstrated path to profitability

Severity inferred from the FDD text · not a regulatory classification

Showing the headline figures — all 162 extracted fields are in the Full FDD Report · $19 →

Full litigation history from the FDD (Items 3 and 4) →

What are you signing up for?

Ongoing fees run about 4.0% of sales (royalty + ad fund), before rent and labor.

Initial term10 yrs
Renewal term10 yrs
TerritoryExclusive (favorable vs category)
Initial training67 hrs

Source: FDD 2026 · Items 11, 12, 17

FDD Items 12, 15, 17 · continued from Risk & Legal

Contract & Territory Detail

Initial term10 years
Renewal term10 years
Allowed renewalsℹ1
Territory typeExclusive territory
Protected territoryYes
Exclusive territoryℹYes
Territory radius2 mi
Territory population50,000
Online sales rightsℹRestricted
Franchisor can competeYes
Hire a manager?Allowed
Owner-operatorRequired
Non-compete (years)ℹ2 years
Non-compete (miles)ℹ10 mi
Right of first refusalℹYes
Transfer requires consentYes
Termination notice30 days
Termination groundsℹ1
Curable defaultsℹ2
Mandatory arbitrationYes
Arbitration locationMinneapolis, Minnesota
Governing lawMN
Litigation count2
View Item 3 litigation summary

Two concluded arbitrations: (1) CSW Strategic Solutions v. NTY Franchise et al. (2020), settled $400,000 in August 2021; (2) Transcendent Business Holdings v. NTY Franchise et al. (2019), settled $650,000 in January 2020. Both involved claims of improper financial performance representations.

Items 10, 11

Training & Operations

Classroom training
49 hrs
On-the-job training
18 hrs
Training location
Plymouth, MN, or a location we designate
Ongoing training
Required
Field support
3 hrs/yr
On-site visits per year
Time to open
9 mo
From signing to launch
Site selection
Franchisee with franchisor approval
Franchisor financing
Not offered
Item 10
POS system
Resale World
Operating tech stack

Items 5 & 11

Franchisor Support

✓Site selection assistance
✓Grand opening support
✓Lease negotiation help

Technology: Resale World

Item 20 · call current owners

Franchisee Contacts

20 owners to call

Name · phone · city · state. Extracted from FDD Item 20

Unlock 20 contacts · $49
Free preview
310-546-••••CA
Unlock all 20 contacts
262-649-••••WI
702-839-••••NV
508-366-••••MA
734-676-••••MI

Frequently asked questions

Frequently Asked Questions

How much does it cost to open a Children’s Orchard franchise?

The total investment to open a Children’s Orchard franchise ranges from $227K – $336K, with an initial franchise fee of $25K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).

What do Children’s Orchard franchise owners earn?

According to Item 19 of the Children’s Orchard FDD, the average gross sales per unit is $419K. The median is $367K. Important context: Reported as net sales, not gross sales. Note: this is gross revenue, not profit. Actual owner earnings vary based on location, operating costs, and management.

Who owns Children’s Orchard?

Children’s Orchard is franchised by Children's Orchard, LLC. Its parent company is NTY Franchise Company, LLC. Source: FDD Item 1, 2026 filing.

What is Item 19 in the Children’s Orchard FDD?

The FDD section where a franchisor may disclose financial performance of its outlets. Disclosure is optional and formats vary; figures are typically gross sales, which is revenue before expenses, not profit. FranchiseVerdict extracts these figures directly from the Children’s Orchard FDD and qualifies whose outlets they describe.

What is Children’s Orchard's franchise failure rate?

SBA 7(a) loan charge-off data is not available for Children’s Orchard (fewer than 10 loans on file). Charge-off rates are one way to gauge franchise risk, but not all franchise loans go through the SBA program. We recommend reviewing turnover and closure data in the FDD and speaking with current franchisees.

How many Children’s Orchard franchise locations are there?

As of their most recent FDD filing, Children’s Orchard has 13 total units in the United States, including 13 franchised units and 0 company-owned units.

Is Children’s Orchard a good franchise to buy?

FranchiseVerdict rates Children’s Orchard as a C-grade franchise with a verdict score of 43 out of 100 (higher is better). The grade is a deterministic score built from six weighted dimensions — financial health, unit economics, unit growth, scale, legal, and transparency — then calibrated against SBA loan charge-off rates and FDD age. Transparency is one of the six, so a filing that discloses less scores lower on that dimension than one that discloses more. Our rating is based solely on publicly available FDD and government data; we recommend speaking with current franchisees before making any investment decision. This is not investment advice.

Data sourced from public FDD filings and SBA 7(a) FOIA records. Not financial advice.

For franchisors

Are you the franchisor?

If you represent Children’s Orchard, you can request corrections or provide updated information.

Other Retail franchises

Compare similar franchise opportunities in the Retail category

Data extracted from public FDD filings and SBA 7(a) loan disclosures (FOIA). This information is provided for research purposes only and does not constitute financial, legal, or investment advice. Verify all figures with the franchisor's current Franchise Disclosure Document before making any investment decision.