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Weed Man Franchise Cost, Revenue & Review 2026

Home ServicesWisconsinFranchising since 1995
AStrongest tierStrongest tier100/100Editorial grade from public filings; not investment advice.
Investment
$69K – $87K
Disclosed sales
$1.5M
gross sales, not profit
SBA charge-off
0.0%
on 14 loans

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

FV-02949Data QualityExcellent81%FDD 2022 · 4yr old
Manager-run OKYes: Exclusive territory

Data from FDD filing + SBA 7(a) records

Analysis by FranchiseVerdict Research · Methodology

This data is from a 2022 FDD. Current terms may differ. Always verify with the franchisor's latest disclosure document.

Weed Man is a home-services franchise providing lawn fertilization, weed control, and turf care for homes and businesses. Franchisees run a route-based operation with technician crews on recurring seasonal service plans in a territory.

FranchiseVerdict summary · 2026

A Weed Man franchise requires a total initial investment of $69K – $87K, including a $20K – $34K franchise fee. Per the 2022 FDD, average revenue per franchisee was $1.5M. This franchisor reports Item 19 per franchisee rather than per outlet, so the figure is not comparable with per-outlet averages[2]. SBA 7(a) loans show a 0.0% charge-off rate across 14 loans[1]. FranchiseVerdict grade: A (Strongest tier), an editorial assessment, not investment advice. Run a live ROI scan →

Sources, dates and evidence

FDD issued: · Data extracted: · Last cited check: · Staleness risk: high - issued more than two years ago

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 scored4 of 4 headline figures on this page cite a page of the filing.

Overview

Investment
$69K – $87K
14th pct Home Services
Avg gross sales
$1.5M
Per franchisee, not per outlet
Royalty
Not extracted
Units
232
77th pct Home Services
SBA charge-off
0.0%
% of SBA 7(a) loans not repaid · median varies by category

Quick verdict · Home Services · color = vs category peers

Total Investment
$69K – $87K
Median $168K
below median ↓, better than category
Franchise Fee
$20K – $34K
Median $50K
below median ↓, better than category
Liquid Capital Req'd
$25K – $26K
Median $29K
near median
Avg Revenue
$1.5M
Median $587K
Per franchisee, not per outlet
Royalty Rate
Not extracted
Median 6.0%
Ongoing Fees
8.3% of rev
Median 8.0%
near median
SBA Charge-Off Rate
0.0%
14 loans · Median 15.4%
below median ↓, better than category
System Size
232 units
Median 47 units
above median ↑, better than category
Turnover Rate
N/A
Median 4.3%
below median ↓, better than category
Territory
Exclusive
No other outlet of the brand may open inside it
Owner-Operator
Optional
Can hire a manager
Litigation
None disclosed
Clean record

Green = favorable by >10% vs Home Services 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 $69K – $87K including a $20K franchise fee.
  • RETURNSAverage revenue per franchisee of $1.5M/year. Averaged per franchisee, not per outlet - not comparable with per-outlet figures.
  • RISKVerdict A (Strongest tier), verdict score 100/100 (higher is better). SBA loan charge-off rate of 0.0% across 14 loans (well below the franchise average, based on all SBA 7(a) franchise lending, 2010–2025).
  • GROWTHPositive: net +18 franchised outlets in the latest year (18 opened, 0 closed) (Item 20).

Item 1 · who you're contracting with

The Franchisor

Corporate structure & franchisor financials
Legal entity
Midwest Lawn Care, LLC
Parent company
Turf Holdings Inc.
FDD Item 1, page 7 of the 2022 FDD
Ultimate parent
TH Canada, Inc.
FDD Item 1, page 7 of the 2022 FDD
CEO title
CEO (of Turf Holdings Inc.)
Jennifer Lemcke
Incorporated in
Wisconsin
HQ
2211 Eagle Dr., Middleton, WI 53562
Auditor
Brock, Schechter & Polakoff, LLP
Audited financials
Franchisor revenue
$8.6M
vs $10.5M prior year

Overview

About

CEO
Jennifer Lemcke
Headquarters
Wisconsin
FDD year
2022
States available
36

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

Entry cost runs 54% below the typical home services franchise.

Total investment (Item 7)$69K – $87KCited, not corroborated — printed on page 16 of the 2022 FDD. Nothing else in our record independently restates or re-derives it.
Franchise fee$20,000Verified — printed on page 11 of the 2022 FDD (Item 5), and another item of the same filing prints the same figure on a labelled row, which is an independent restatement.
RoyaltyNot extracted
Ad fundNot extracted
Working capital$25K – $26K

Source: FDD 2022 · Items 5–7

FDD Item 7 · 2022 filing

Initial investment breakdown

Weed Man: Item 7 initial investment breakdown
Cost componentLowHigh
Initial franchise fee$20K$20K
Working capital (3–6 mo)$25K$26K
Equipment, build-out, other$24K$40K
Total initial investment$69K$87K

Source: Weed Man 2022 FDD, Items 5 and 7[2]. “Equipment, build-out, other” is computed as total minus disclosed line items above.

Item 7 · what it costs to open + operate

The Vitals

Total investment
$69K – $87K
Top 40% of category vs category
Liquid capital req'd
$25K – $26K
Middle of category vs category
Franchise fee
$20K – $34K
Top 40% of category vs category
Royalty
A flat annual royalty per production vehicle, tiered by f…
Ad fund
20% of the Lawn Care Royalty paid for each production veh…
Total fee load
8.3%
vs 9–13% typical

Ongoing fees · Item 6

Weed Man: Item 6 recurring fees
FeeAmount
Royalty (flat)Lawn Care Royalty is a flat annual per-production-vehicle fee (2022 rates): $13,571.68/yr for each of the first two vehicles, $9,500.18/yr for the third vehicle, and $6,785.84/yr for each subsequent vehicle, CPI-adjusted annually from a November 1, 1995 base year. Separately, Pest Control Royalty is 6% of monthly Gross Work Done for Mosquito Control and Perimeter Pest Control services.
Technology fee$0
Transfer fee$10K
Renewal fee$50
Total fee load8.3% of rev

What do units actually make?

Average unit sales run 150% above the home services norm.

Avg gross sales$1.5M

Averaged per franchisee, not per outlet - not comparable with per-outlet figures

Cited, not corroborated — printed on page 37 of the 2022 FDD. Nothing else in our record independently restates or re-derives it.
Median gross salesNot extracted
Item 19 typeNot extracted
Sample size125 franchisees

Source: FDD 2022 · 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 Weed Man 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 royalty rate, 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

$104K

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 Weed Man unit return on the cash you put in?

From FDDNot set — you supply itYou overrode an FDD value
Revenue · per franchisee, per year (NOT per outlet)FDD
FDD Item 19 reports $1,468,589 per franchisee — not per outlet. Every other input below is for ONE unit; replace this with a single-unit figure before relying on the ROIC.
Franchisor take · royalty + ad fundnot set
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: $69K–$87K (midpoint used)
FDD reports $25K–$26K

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 royalty rate, 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
$104K
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 royalty rate, 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: 2022 FDD

Financial Performance

Averaged per franchisee, not per outlet - not comparable with per-outlet figures

Avg gross sales
$1.5M
Per franchisee, per year — not per outlet

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

Sample size
125 franchisees
vs category median 32 · large
Reporting year
2021
Fiscal year the figures cover
Source filing
FDD 2022
Disclosed in the 2022 filing, covering 2021
Gross sales rank
No comparison data
Investment cost rank14th
Lower investment ranks lower (better)
Royalty rate rank
No comparison data
Unit count rank77th
vs Home Services peers
Risk score rank0th
Lower risk = lower percentile (better)

Compared against 319 Home Services brands

Showing the headline figures — all 124 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

The average franchisee generates $1.5M/year in gross sales.

Fee burden

Total ongoing fee load of 8.3% (near the Home Services median).

Disclosure

Transparency score 0/10 — minimal disclosure beyond the required average. Hard to judge the distribution of outcomes across units.

Operator retention

System expanding at 12.0% CAGR over 3 years across 232 units — operators are staying and new ones are joining.

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 Home Services medians

How Weed Man Compares

Metric
Weed Man
Category median
vs median
Investment
$78K
$168Kmiddle half $122K–$232K · n=283
Below median, better than category
Revenue
$1.5M
$587Kmiddle half $376K–$1.3M · n=79
Not compared

Per franchisee, not per outlet - the category median is per-outlet only, so no comparison is shown

Unit Count
232
47middle half 14–137 · n=283
Above median, better than category

Category median of published Home Services 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 units232Cited, not corroborated — printed on page 44 of the 2022 FDD. Nothing else in our record independently restates or re-derives it.
3-yr growth+12.0% (favorable vs category)

Source: FDD 2022 · Item 20

Unit growth

Item 20 · unit dynamics

The Growth Chart

Total units
232
Opened
18
Last reporting year
Closed
0
Terminated
0
Franchisor ended the franchise (per Item 20)
Non-renewed
0
Term expired, not renewed (per Item 20)
Turnover rate
N/A
Company-owned
0
Corporate units in the system
% franchised
100%
vs corporate-owned
Net growth (3-yr)
+12.0%
Net unit change over 3 years
3-yr CAGR
+12.0%
Compounded over last 3 years

Last fiscal year · Item 20 exits and transfers

Terminated
0
Not renewed
0
Transferred
14
Reacquired
0
Franchisor bought back
2019
208
Franchised units
2020
214+6
Franchised units
2021
232+18
Franchised units

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

Item 20 · 23 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 · 23 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.

Where the owners are · Item 20 owner list

94 current owners across 23 states.

  • MI 10
  • IL 9
  • GA 7
  • CT 6
  • OK 6
  • OH 5
  • SC 5
  • AL 4
  • AR 4
  • KS 4
  • MS 4
  • NC 4
  • +11 more states

Counts only, from the list the franchisor prints in Item 20. 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 7(a) and 504 loan disclosures, public data unique to FranchiseVerdict.

A
SBA Lending Health
Excellent SBA lending record · 0.0% charge-off
Total loans
14
Loan volume
$2.4M
Median loan
$140K
50th percentile
Charge-off rate
0.0%
on 14 loans · rates vary by category · see methodology

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

Repayment rate (PIF)
100.0%
5-yr charge-off
0.0%
Loans approved 2021+
Active lenders
13
Defaults
0
Typical loan rate
6.3%
avg rate to borrowers
Franchised industry avg
19.3%
brand beats franchise avg ↓
Jobs supported
117
4.8 per loan
Lender concentration
14%
top lender's share

Borrower mix: 38% went to startups / new businesses, 62% to established operators

Franchise vs independent — in landscaping services, franchised businesses charge off at 19.3% vs 13.3% for independents — franchising is associated with 45% higher SBA default risk in this category.

Vintage analysis

Weed Man charge-off rate by loan vintage

BrandNational avg
Weed Man charge-off rate by loan vintage. Showing 3 vintages from 2018 to 2022. Rates range from 0.0% to 0.0%.0%5%10%'18'19'22

Top lenders financing Weed Man franchisees

American National Bank2 loans0.0%
Libertyville Bank & Trust Company, National Association1 loans0.0%
Columbia Bank1 loans—

Showing 3 of 13 lenders. The full breakdown — every lender, state distribution, interest rates & risk ratings — is in the SBA Lending Report below.

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

Total loans
3
Loan volume
$2.1M
Charge-off rate
N/A
Jobs created
23

Historical SBA 504 lending data via CDCs, not predictive of future performance.

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

Lender network · 7(a) + 504

SBA Lending Report

Full lending analysis for Weed Man from SBA 7(a) FOIA data.

Principal loss rate
0.0%
Avg SBA guarantee
65%
Avg interest rate
6.29%
Lender concentration
14.3%
Job velocity
4.8 per $100K
Startup risk premium
0.0pp
NAICS benchmark
17.7%
NAICS 561730
Jobs supported
117

Top SBA lendersTop lender holds 14% of loans

#LenderLoansVolumeDefault %
1American National Bank2$132K0.0%
2Libertyville Bank & Trust Company, National Association1$205K0.0%
3Columbia Bank1$130KN/A
4Glacier Bank1$36K0.0%
5Tompkins Community Bank1$60K0.0%
6Mountain West Small Business Finance1$250K0.0%
7First National Bank of Michigan1$510KN/A
8The Huntington National Bank1$150K0.0%
9Comerica Bank1$414KN/A
10United Midwest Savings Bank National Association1$150KN/A

Geographic failure vector

StateLoansDefaultsRate
MIMichigan20--
NENebraska200.0%
CACalifornia10--
ILIllinois100.0%
KYKentucky100.0%
MTMontana100.0%
NYNew York100.0%
OKOklahoma100.0%
PAPennsylvania100.0%
TXTexas10--

SBA 7(a) lending trend

2015
1
2018
4
2019
3
2020
2
2022
3
2024
1

Borrower profile

Existing (2+ yr)4 (31%)
Startup4 (31%)
Ownership change2 (15%)
Unanswered1 (8%)
Established (5+ yr)1 (8%)
New (< 1 yr)1 (8%)

Source: SBA 7(a) + 504 FOIA loan-level data, matched by FranchiseVerdict

Lending insight

With a 0.0% charge-off rate across 14 loans, banks have historically viewed this brand favorably for lending.

What could kill this investment?

SBA loans charge off at 0.0% — 100% below the 16.0% national norm, i.e. lower lender-observed risk.

SBA charge-off0.0% · 14 loans
Verdict score100/100 (higher is better)
Litigation0 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

AStrongest tier100Verdict score 100/100

Financially strong: net income $778,038, audited, Item 19 disclosed (avg gross sales $1.47M), 233 units with 12% growth and zero turnover. No litigation, bankruptcy, or going-concern. Only minor flag is a thin net worth of $294,338 relative to earnings.

Moderate confidence±10 pts
90100

Litigation (Item 3)

Subject: officers or affiliates. The franchisor is not a named party in these cases.

No litigation disclosed.

Bankruptcy (Item 4)

None disclosed

Audited financials (Item 21)

Yes · Brock, Schechter & Polakoff, LLP

Franchisor revenue (Item 21)

Yr 1: $8.6MYr 2: $10.5M

Franchisor entity revenue (not unit-level)

Supplier relationship · Items 8 & 16

  • Franchisor sells you products: No
  • Must buy proprietary products: Yes

Score breakdown · what drove the 100 / 100 verdict

  1. 01MINORThin net worth $294,338 relative to $778,038 net income
  2. 02HIGHNo litigation, bankruptcy, or going-concern
  3. 03MEDItem 19 disclosed, avg gross sales $1,468,589
  4. 04MINOR233 units, 12% growth, 0% turnover

Severity inferred from the FDD text · not a regulatory classification

Showing the headline figures — all 124 extracted fields are in the Full FDD Report · $19 →

What are you signing up for?

Ongoing fees run about 8.3% of sales (royalty + ad fund), before rent and labor.

Initial term10 yrs
Renewal term10 yrs
TerritoryExclusive (favorable vs category)
Initial training82 hrs

Source: FDD 2022 · 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 sizeℹUnit Territory based on population
Online sales rightsRestricted
Franchisor can competeYes
Hire a manager?Allowed
Owner-operatorOptional
Non-compete (years)ℹ2 years
Non-compete (miles)ℹ50 mi
Right of first refusalℹYes
Transfer requires consentYes
Termination notice30 days
Mandatory arbitrationNo
Jury trial waiverYes
Governing lawDelaware
Litigation count0
View Item 3 litigation summary

No litigation disclosed.

Items 10, 11

Training & Operations

Classroom training
58 hrs
On-the-job training
24 hrs
Ongoing training
Required
Franchisor financing
Not offered
Item 10
POS system
WEMMS.net
Operating tech stack

Items 5 & 11

Franchisor Support

✗Site selection assistance
✗Lease negotiation help

Technology: WEMMS.net

Item 20 · call current owners

Franchisee Contacts

94 owners to call

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

Unlock 94 contacts · $49
Free preview
(864) 292-••••SC
Unlock all 94 contacts
(803) 327-••••SC
(720) 598-••••CO
(336) 760-••••NC
(732) 412-••••NJ

Frequently asked questions

Frequently Asked Questions

How much does it cost to open a Weed Man franchise?

The total investment to open a Weed Man franchise ranges from $69K – $87K, with an initial franchise fee of $20K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).

What do Weed Man franchise owners earn?

According to Item 19 of the Weed Man FDD, the average gross sales per unit is $1.5M. Important context: Averaged per franchisee, not per outlet - not comparable with per-outlet figures. Note: this is gross revenue, not profit. Actual owner earnings vary based on location, operating costs, and management.

Who owns Weed Man?

Weed Man is franchised by Midwest Lawn Care, LLC. Its parent company is Turf Holdings Inc.. The ultimate parent named in the FDD is TH Canada, Inc.. Source: FDD Item 1, 2022 filing.

What is Item 19 in the Weed Man 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 Weed Man FDD and qualifies whose outlets they describe.

What is Weed Man's franchise failure rate?

Based on SBA 7(a) loan data, Weed Man has a charge-off rate of 0.0% across 14 loans, meaning 0.0% of franchise loans were charged off. Charge-off rates are one proxy for franchise risk, though they do not capture all closures. This data comes from FOIA-sourced SBA lending records.

How many Weed Man franchise locations are there?

As of their most recent FDD filing, Weed Man has 232 total units in the United States, including 232 franchised units and 0 company-owned units. 18 new units were opened in the latest reporting year.

Is Weed Man a good franchise to buy?

FranchiseVerdict rates Weed Man as a A-grade franchise with a verdict score of 100 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?

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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.