Observed arrival · 2026-11-09
FDD Read: the franchise fine print, item by item
A franchise research site that organizes disclosure details and SBA loan records for comparing brands.
- For
- Prospective franchise buyers comparing disclosure records
- Worth noticing
- The site separates SBA loan charge-offs from franchise closures and warns that revenue figures are not profit.
Field notes
Brand pages are organized around the FDD’s numbered items: opening costs (Item 7), fees (Items 5 and 6), earnings disclosures (Item 19), unit changes (Item 20), territory (Item 12), contract terms (Item 17), and litigation (Item 3). The homepage also lists SBA 7(a) and 504 loan records, with stated coverage beginning in FY2014; it limits charged-off-loan figures to FY2014–2019 and cautions that these records cover only SBA-financed units. The displayed 2025 FDD excerpt is labeled invented.
Observed signals
Read the marks
Editorial observations of this landing page, not a rating.
One card from the complete issue