Complete FDD reference for QSR franchises. Compare Item 7 investment ranges, Item 19 financial performance, and Item 20 outlet counts.
A Franchise Disclosure Document (FDD) is a legal document that franchisors are required by the Federal Trade Commission (FTC) to provide to prospective franchisees. It contains 23 items of crucial information about the franchise system, the franchisor, and the obligations of both parties.
Initial investment estimate - the total cost range to open and operate a franchise through the initial phase.
Financial performance representations - sales, revenue, profit, or loss information. Not all franchisors disclose this.
Outlet and franchisee information - number of franchised and company-owned outlets, transfers, and closures.
⚠️ Important: Before signing any franchise agreement, carefully review the FDD and consult with a franchise attorney and accountant. Learn about common FDD red flags that every buyer should know.
Sandwiches
Bakery
Ice Cream
Pizza
Chicken
Chicken
Burgers
Burgers
Burgers
Chicken
Mexican
Salads
Chicken
Bakery
Burgers
Ice Cream & Fast Food
American
Mexican
Pizza
Coffee & Bakery
Coffee
Mexican
Sandwiches
Burgers
Burgers
Burgers
Burgers
Smoothies & Juice
Deli
Sandwiches
Sandwiches
Filipino
Chicken
Bakery
Pizza
Deli
Burgers
Pizza
Mexican
Noodles
Asian
Bakery-Cafe
Pizza
Coffee
Pizza
Pizza
Chicken
Hot Dogs
Sandwiches
Mexican
Chicken
Burgers
Convenience
Smoothies
Burgers
Coffee & Bakery
Sandwiches
Salads
Mexican
Coffee
Mexican
Coffee & Bakery
Smoothies & Cafe
Convenience
Burgers
Burgers
Burgers
Chicken
Chicken
In addition to the federal FDD requirements, some states have their own franchise registration and disclosure laws. These states require franchisors to register and file their FDDs with state regulators.