Observed arrival · 2026-09-04
FDD Index reads the franchise filing
An index of franchise disclosure documents that extracts costs, fees, revenue disclosures, and outlet changes with page citations.
Field notes
FDD Index organizes franchise disclosure documents by brand and filing, exposing figures from specific items rather than relying on summary listings. Its Subway example cites Wisconsin DFI filing 641453 and breaks Item 7 into individual expenditures, including leasehold improvements, equipment, inventory, and insurance. Item 20 adds a three-year outlet table, including a net loss of 729 franchised outlets in 2025. The page says an AI and two readers process the material nightly, while a fuller report is offered for $49.
Observed signals
Read the marks
Editorial observations of this landing page, not a rating.
One card from the complete issue