B63/100FDD 2026
Coastal Angler Magazine — Litigation & Risk
Business Services - Printing & Signs · FDD Items 3, 4 & 5
Moderate — Review
1 case disclosed in FDD Items 3 and 4.
Source: FDD Items 3–5
FDD Items 3 & 4
Litigation Metrics
Cases disclosed
1
Total from FDD Items 3 and 4
Bankruptcy (Item 4)
—
Franchisor or officer bankruptcy
Overall risk score
63 / 100
FranchiseVerdict composite
Rating
MODERATE
STRONG / MODERATE / CAUTION / AVOID
FDD Items 5, 6 & 17 — what you give up
Contract Risk Indicators
Mandatory arbitration
Required
Disputes resolved outside court — limits your legal options
Jury trial waiver
Waived
You give up the right to a jury trial
Non-compete
2 yrs
Post-termination restriction on similar businesses
Franchisor can compete
Yes
Franchisor can open competing locations in or near your territory
Right of first refusal
Yes
Franchisor can match any purchase offer when you try to sell
Governing law
Florida
State whose law governs disputes — relevant if you're not based there
What drove the 63/100 rating
Risk Score Breakdown
- 01MINORNo Item 19 financial performance disclosure (revenue/net income) prevents ROI validation
- 02MINORSecurities enforcement action in Hawaii (2013) indicates regulatory compliance issues and unauthorized sales practices
- 03MEDStagnant unit count at 33 with no growth trajectory disclosed over unknown timeframe raises expansion and viability concerns
- 04MEDHigh 8% royalty rate on undisclosed revenues creates uncertainty about actual franchisee profitability
- 05MINORMagazine/publishing model faces structural headwinds from digital disruption and declining print advertising
- 06MINOR10-year term with $25,000 franchise fee is long commitment with minimal franchisor transparency
Severity inferred from FDD text — not a regulatory or legal classification
Litigation data from FDD Items 3, 4, and 5. SBA data from public 7(a) FOIA records (FY2020–present). Not legal advice — consult a franchise attorney before signing any franchise agreement.