New-franchisor index

Brands franchising since 2024

456 brands with an FDD on file began franchising in 2024 or later.

Limited operating history. A system this young has fewer than three years of Item 20 outlet history and rarely enough SBA loans for a charge-off rate, so its grade rests on less evidence than an established system's. Read its Item 20 tables and talk to its first franchisees before relying on the grade.

BAbove average

JBL Roofing & Construction

Investment

$34K – $71K

Item 19 (Reported)

Not disclosed

Units

SBA 7(a) charge-off

Not SBA-matched

Led by William A. Lewis, Jr., Manager · 0 signed, not yet open (Item 20)

Home Services

Report data issue

FDD '25

BAbove average

Renew Medic

2 contacts

Investment

$423K – $734K

Item 19 (Reported)

Not disclosed

Units

SBA 7(a) charge-off

Under 10 loans (3)

Led by Chris Gammill, Chief Executive Officer and President · 4 signed, not yet open (Item 20)

Cleaning & Maintenance

Report data issue

FDD '25

BAbove average

Sea Glass Properties

Investment

$34K – $273K

Item 19 (Reported)

Not disclosed

Units

SBA 7(a) charge-off

Not SBA-matched

Led by Jay Olshonsky, Chief Executive Officer · 5 signed, not yet open (Item 20)

Real Estate

Report data issue

FDD '26

BAbove average

Slime Kitchen

4 contacts

Investment

$106K – $170K

Item 19 (Reported)

Not disclosed

Units

SBA 7(a) charge-off

Not SBA-matched

Led by Katherine Ando, Co-Founder and Chief Executive Officer · 4 signed, not yet open (Item 20)

Retail

Report data issue

FDD '25

BAbove average

Aqua Chill Drinking Water Systems

3 contacts

Investment

$113K – $172K

Item 19 (Reported)

Not disclosed

Units

SBA 7(a) charge-off

Not SBA-matched

Led by Mark Jepson, President · 0 signed, not yet open (Item 20)

Food Retail

Report data issue

FDD '24

BAbove average

HardTop Hotel

2 contacts

Investment

$116K – $206K

Item 19 (Reported)

Partial, no average

Units

SBA 7(a) charge-off

Not SBA-matched

Led by Ryan Henry, Chief Executive Officer · 1 signed, not yet open (Item 20)

Lodging

Report data issue

FDD '26

BAbove average

Ladurée

13 contacts

Investment

$554K – $1.5M

Item 19 (Reported)

Not disclosed

Units

SBA 7(a) charge-off

Not SBA-matched

Led by Katina Dermatas, Chief Executive Officer · 0 signed, not yet open (Item 20)

Quick-Service Restaurants

Report data issue

FDD '25

BAbove average

Locals Love Us

10 contacts

Investment

$67K – $92K

Item 19 (Reported)

Not disclosed

Units

12-9%

SBA 7(a) charge-off

Under 10 loans (1)

Led by Dr. Nathan Unruh, President · 0 signed, not yet open (Item 20)

Business Services

Report data issue

FDD '24

BAbove average

Tank Rangers RV Tank Service

31 contacts

Investment

$23K – $26K

Item 19 (Reported)

Not disclosed

Units

34+57%

SBA 7(a) charge-off

Not SBA-matched

Led by Gabe Munoz, Director, President and CEO

Cleaning & Maintenance

Report data issue

FDD '24

BAbove average

Chocolate Bash

Investment

$203K – $385K

Item 19 (Reported)

Not disclosed

Units

16+225%

SBA 7(a) charge-off

Under 10 loans (3)

Led by Rasha Albasha, CEO · 0 signed, not yet open (Item 20)

Quick-Service Restaurants

Report data issue

FDD '25

BAbove average

Cowboy Jack’s

13 contacts

Investment

$2.3M – $6.1M

Item 19 (Reported)

Not disclosed

Units

10+0%

SBA 7(a) charge-off

Not SBA-matched

Led by Jeff Crivello, Managing Partner · 0 signed, not yet open (Item 20)

Full-Service Restaurants

Report data issue

FDD '25

BAbove average

Eiffel Waffle

1 contacts

Investment

$209K – $338K

Item 19 (Reported)

Not disclosed

Units

SBA 7(a) charge-off

Not SBA-matched

Led by Omar Falaneh, Co-Founder · 5 signed, not yet open (Item 20)

Quick-Service Restaurants

Report data issue

FDD '26

BAbove average

MiniLuxe

1 contacts

Investment

$548K – $975K

Item 19 (Reported)

Partial, no average

Units

SBA 7(a) charge-off

Not SBA-matched

Led by Anthony Tjan, Chief Executive Officer · 2 signed, not yet open (Item 20)

Healthcare

Report data issue

FDD '25

BAbove average

Tay Ho

6 contacts

Investment

$338K – $721K

Item 19 (Reported)

Not disclosed

Units

SBA 7(a) charge-off

Not SBA-matched

Led by Jayce Yenson, Chief Executive Officer · 0 signed, not yet open (Item 20)

Full-Service Restaurants

Report data issue

FDD '25

BAbove average

Teatop

10 contacts

Investment

$141K – $298K

Item 19 (Reported)

Not disclosed

Units

SBA 7(a) charge-off

Not SBA-matched

Led by Kuo-Chen (David) Yang, Founder, Chief Executive Officer and Manager · 0 signed, not yet open (Item 20)

Quick-Service Restaurants

Report data issue

FDD '25

BAbove average

Ygf

7 contacts

Investment

$347K – $774K

Item 19 (Reported)

Not disclosed

Units

SBA 7(a) charge-off

Not SBA-matched

Led by Xingyu Yang, Director and President

Quick-Service Restaurants

Report data issue

FDD '25

BAbove average

Graduate by Hilton

2 contacts

Investment

$19.0M – $93.7M

Item 19 (Reported)

Not disclosed

Units

33+3%

SBA 7(a) charge-off

Not SBA-matched

Led by Christopher J. Nassetta, Chief Executive Officer and President · 5 signed, not yet open (Item 20)

Lodging

Report data issue

FDD '26

BAbove average

BBQ + Rice Korean Rice Bowl

Investment

$280K – $550K

Item 19 (Reported)

Not disclosed

Units

SBA 7(a) charge-off

Not SBA-matched

Led by Moohyun Kim, Co-CEO · 0 signed, not yet open (Item 20)

Quick-Service Restaurants

Report data issue

FDD '25

BAbove average

City Express by Marriott

20 contacts

Investment

$2.8M – $4.9M

Item 19 (Reported)

Not disclosed

Units

SBA 7(a) charge-off

Not SBA-matched

Led by Anthony Capuano

Lodging

Report data issue

FDD '26

BAbove average

Clear Pest Pros

11 contacts

Investment

$99K – $192K

Item 19 (Reported)

Partial, no average

Units

SBA 7(a) charge-off

Not SBA-matched

Led by Sheldon Yellen, Chief Executive Officer of BFG, BELFOR, and BELFOR Holdings, Inc. · 5 signed, not yet open (Item 20)

Home Services

Report data issue

FDD '26

BAbove average

Dentsmart

12 contacts

Investment

$79K – $111K

Item 19 (Reported)

Not disclosed

Units

17+8%

SBA 7(a) charge-off

Not SBA-matched

Led by Jeff Williams, Chief Executive Officer · 0 signed, not yet open (Item 20)

Automotive

Report data issue

FDD '25

BAbove average

Fuego Cravings

5 contacts

Investment

$145K – $324K

Item 19 (Reported)

Partial, no average

Units

SBA 7(a) charge-off

Not SBA-matched

Led by Francisco Zapien, Chief Executive Officer · 0 signed, not yet open (Item 20)

Quick-Service Restaurants

Report data issue

FDD '25

BAbove average

Kwik Kar

2 contacts

Investment

$291K – $917K

Item 19 (Reported)

Partial, no average

Units

SBA 7(a) charge-off

7.7%(n=43)

Led by Ron Stilwell, President · 0 signed, not yet open (Item 20)

Automotive

Report data issue

FDD '25

BAbove average

On the Hook Fish and Chips

1 contacts

Investment

$619K – $1.1M

Item 19 (Reported)

Partial, no average

Units

SBA 7(a) charge-off

Not SBA-matched

Led by Ocean Andrew, President · 0 signed, not yet open (Item 20)

Full-Service Restaurants

Report data issue

FDD '25

BAbove average

We Clean Heat Pumps

3 contacts

Investment

$85K – $268K

Item 19 (Reported)

Partial, no average

Units

SBA 7(a) charge-off

Under 10 loans (1)

Led by Gabriel Erde Cohen

Cleaning & Maintenance

Report data issue

FDD '25

BAbove average

Mobile Veterinary Specialists

Investment

$144K – $234K

Item 19 (Reported)

Partial, no average

Units

SBA 7(a) charge-off

Not SBA-matched

Led by David Hoe, Chief Executive Officer and Co-Founder · 0 signed, not yet open (Item 20)

Pet Services

Report data issue

FDD '25

BAbove average

Soccer 5

2 contacts

Investment

$277K – $549K

Item 19 (Reported)

Partial, no average

Units

SBA 7(a) charge-off

Under 10 loans (4)

Led by Scott Georgeson, President · 2 signed, not yet open (Item 20)

Recreation & Entertainment

Report data issue

FDD '25

BAbove average

Sunrise Shack

17 contacts

Investment

$236K – $605K

Item 19 (Reported)

Not disclosed

Units

SBA 7(a) charge-off

Not SBA-matched

Led by Travis Smith, Chief Executive Officer, Co-Founder and Chair of the Board · 0 signed, not yet open (Item 20)

Quick-Service Restaurants

Report data issue

FDD '25

BAbove average

180 Water

1 contacts

Investment

$182K – $695K

Item 19 (Reported)

Partial, no average

Units

SBA 7(a) charge-off

Not SBA-matched

Led by Jack Clark, Founder & Chief Executive Officer · 0 signed, not yet open (Item 20)

Home Services

Report data issue

FDD '25

BAbove average

DapperTails

9 contacts

Investment

$104K – $242K

Item 19 (Reported)

Partial, no average

Units

SBA 7(a) charge-off

Under 10 loans (1)

Led by Chris Elias, Chief Executive Officer and President · 2 signed, not yet open (Item 20)

Pet Services

Report data issue

FDD '26

BAbove average

ECHO Suites Extended Stay by Wyndham

16 contacts

Investment

$11.6M – $17.4M

Item 19 (Reported)

Not disclosed

Units

18+260%

SBA 7(a) charge-off

Not SBA-matched

Led by Geoff Ballotti, President and Chief Executive Officer · 47 signed, not yet open (Item 20)

Lodging

Report data issue

FDD '26

BAbove average

The Only Facial

15 contacts

Investment

$299K – $460K

Item 19 (Reported)

Not disclosed

Units

SBA 7(a) charge-off

Not SBA-matched

Led by Andrea Erker, Chief Executive Officer · 2 signed, not yet open (Item 20)

Personal Care & Beauty

Report data issue

FDD '25

BAbove average

Agapé

Investment

$473K – $577K

Item 19 (Reported)

Partial, no average

Units

SBA 7(a) charge-off

Not SBA-matched

Led by Douglas Morrison, Chief Executive Officer

Quick-Service Restaurants

Report data issue

FDD '25

BAbove average

Ay Papa Que Rico

1 contacts

Investment

$225K – $418K

Item 19 (Reported)

Not disclosed

Units

SBA 7(a) charge-off

Not SBA-matched

Led by Christopher "Toby" Rodriguez, CEO · 0 signed, not yet open (Item 20)

Quick-Service Restaurants

Report data issue

FDD '25

BAbove average

Bobaebanjum

Investment

$337K – $605K

Item 19 (Reported)

Not disclosed

Units

SBA 7(a) charge-off

Not SBA-matched

Led by Minsu Lee, Chief Executive Officer & Secretary · 1 signed, not yet open (Item 20)

Full-Service Restaurants

Report data issue

FDD '26

BAbove average

Bowie Barker

Investment

$325K – $578K

Item 19 (Reported)

Partial, no average

Units

SBA 7(a) charge-off

Not SBA-matched

Led by Jeffrey Platt, Chief Executive Officer · 3 signed, not yet open (Item 20)

Pet Services

Report data issue

FDD '25

BAbove average

Bubbly Laundry

3 contacts

Investment

$48K – $186K

Item 19 (Reported)

Not disclosed

Units

SBA 7(a) charge-off

Not SBA-matched

Led by Jonel Gonzalez, CEO · 0 signed, not yet open (Item 20)

Cleaning & Maintenance

Report data issue

FDD '25

BAbove average

Grace Integrated

1 contacts

Investment

$168K – $318K

Item 19 (Reported)

Not disclosed

Units

SBA 7(a) charge-off

Not SBA-matched

Led by Christopher McDevitt, Manager and Chief Executive Officer (CEO) · 0 signed, not yet open (Item 20)

Healthcare

Report data issue

FDD '25

BAbove average

Inner Image Transitional Sober Living

1 contacts

Investment

$69K – $105K

Item 19 (Reported)

Not disclosed

Units

SBA 7(a) charge-off

Not SBA-matched

Led by Carl Earhart, CEO · 0 signed, not yet open (Item 20)

Lodging

Report data issue

FDD '25

BAbove average

Kitakata Ramen Ban Nai

1 contacts

Investment

$521K – $1.2M

Item 19 (Reported)

Not disclosed

Units

SBA 7(a) charge-off

Not SBA-matched

Led by Yuichiro Soeda, President, Treasurer and Secretary · 0 signed, not yet open (Item 20)

Full-Service Restaurants

Report data issue

FDD '26

BAbove average

Midwest Shooting Center

16 contacts

Investment

$1.8M – $3.6M

Item 19 (Reported)

Not disclosed

Units

SBA 7(a) charge-off

Under 10 loans (2)

Led by David Sabo, CEO · 0 signed, not yet open (Item 20)

Retail

Report data issue

FDD '24

BAbove average

Nan Xiang Xiao Long Bao

Investment

$1.2M – $1.9M

Item 19 (Reported)

Not disclosed

Units

SBA 7(a) charge-off

Not SBA-matched

Led by Xing Yan (Eddie) Zheng, Chief Executive Officer · 0 signed, not yet open (Item 20)

Full-Service Restaurants

Report data issue

FDD '26

BAbove average

New Life Assisted Living

Investment

$110K – $202K

Item 19 (Reported)

Not disclosed

Units

SBA 7(a) charge-off

Not SBA-matched

Led by Alvin Thomas, President · 2 signed, not yet open (Item 20)

Senior Care

Report data issue

FDD '25

BAbove average

Onward Physical Therapy

Investment

$37K – $147K

Item 19 (Reported)

Not disclosed

Units

SBA 7(a) charge-off

Not SBA-matched

Led by Zachary Long, Chief Executive Officer · 6 signed, not yet open (Item 20)

Healthcare

Report data issue

FDD '26

BAbove average

Pekoe Tea Bar

1 contacts

Investment

$496K – $855K

Item 19 (Reported)

Not disclosed

Units

SBA 7(a) charge-off

Not SBA-matched

Led by Angela Vo, CEO · 0 signed, not yet open (Item 20)

Quick-Service Restaurants

Report data issue

FDD '25

BAbove average

Salty Paws Ice Cream Truck

9 contacts

Investment

$72K – $256K

Item 19 (Reported)

Not disclosed

Units

SBA 7(a) charge-off

Not SBA-matched

Led by Suzanne Tretowicz, President and Chief Executive Officer · 2 signed, not yet open (Item 20)

Quick-Service Restaurants

Report data issue

FDD '25

BAbove average

American Rounds

1 contacts

Investment

$82K – $138K

Item 19 (Reported)

Not disclosed

Units

SBA 7(a) charge-off

Under 10 loans (2)

Led by Grant Magers, CEO · 0 signed, not yet open (Item 20)

Retail

Report data issue

FDD '25

BAbove average

Arwa Coffee

Investment

$237K – $615K

Item 19 (Reported)

Partial, no average

Units

SBA 7(a) charge-off

Under 10 loans (2)

Led by Faris Almatrahi, President / Director-Manager

Quick-Service Restaurants

Report data issue

FDD '26

“Began franchising” is the year the franchisor states in Item 1 of its FDD; the lead executive is the first officer Item 2 names, and “signed, not yet open” is the Total row of Item 20 Table 5. Item 19 “figures on file” means the filing discloses an average or a partial set of outlet figures; “no representation” means the filing states it makes none. Gross sales are revenue, not profit. Nothing here is investment advice.