CLEARFDD

FDD Library

Free franchise risk previews. Based on publicly filed FDDs.

7-Eleven

C+
Convenience Store / Retail3 red flags

~13,000+ (as of 2024) units

Item 5 — Gross Profit Split Model Creates Unusual Economics

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Anytime Fitness

B
Fitness / 24-Hour Gym2 red flags

~2,600 (as of 2024) units

Item 19 — Financial Performance Representations Available

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Chick-fil-A

B+
QSR / Chicken2 red flags

~3,000+ (as of 2024) units

Item 19 — Highest AUVs in QSR, Period

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Crumbl Cookies

C
Specialty Bakery / Dessert QSR4 red flags

~1,000+ (as of 2024) units

Item 3 — Active Litigation: IP Wars and Internal Disputes

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Dunkin'

B
QSR / Coffee & Baked Goods2 red flags

~9,500+ (as of 2024) units

Item 19 — Strong Beverage-Driven Margins and Morning Daypart Dominance

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F45 Training

D
Fitness / Boutique Functional Training5 red flags

~450–500 (as of 2024; significantly down from peak) units

Item 20 — Massive Net Unit Decline is a Serious Warning

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Jan-Pro Cleaning

D
Commercial Cleaning / Janitorial Services5 red flags

~9,000+ (unit franchisees; ~130 regional master franchisees) units

Item 3 — Significant Litigation History

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Jersey Mike's Subs

B
QSR / Fast Casual Sandwich2 red flags

~2,800+ (as of 2024) units

Item 19 — Disclosed Revenues Support the Model

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McDonald's

A-
QSR / Burger1 red flag

~13,400+ (as of 2024) units

Item 19 — Industry-Leading AUVs and Proven Unit Economics

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Nothing Bundt Cakes

B
Specialty Bakery / Gifting2 red flags

~600+ (as of 2024) units

Item 19 — Solid Revenue Data with Gifting-Model Stability

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Orangetheory Fitness

C
Fitness / Boutique Studio4 red flags

~1,500 (as of 2024) units

Item 21 — Declining Unit Counts and High Closure Rate

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Planet Fitness

B
Fitness / Value Gym2 red flags

~2,400 (as of 2024) units

Item 19 — Strong Revenue Disclosure with High Median Performance

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Snap-on Tools

C
Mobile Tool Sales / Route Franchise3 red flags

~3,400 (as of 2024) units

Item 7 — Inventory Financing Creates Hidden Debt Load

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Subway

C+
QSR / Sandwich3 red flags

~20,000+ (as of 2024) units

Item 19 — Wide Revenue Variance Across the System

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Wingstop

B
QSR / Fast Casual Wings2 red flags

~1,900+ (as of 2024) units

Item 19 — Strong AUVs and Public Company Transparency

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