OFFICIAL FILING · MN · 2026
A&W FDD (Franchise Disclosure Document) — 2026
The FDD is the 23-item legal disclosure every U.S. franchisor must hand you at least 14 days before you sign or pay anything (FTC Franchise Rule, 16 CFR 436). A&W's most recent FDD tracked here was filed in 2026 as a multistate filing — and because registration-state filings are public records, you can read it free, without giving a broker your phone number.
THE SAME DOCUMENT SITES SELL OR GATE BEHIND LEAD FORMS. FILED 2026 · SOURCE STATE MN
| ITEM 5 | Initial franchise fee | $30K |
| ITEM 6 | Ongoing royalty | 5.0% of gross sales |
| ITEM 7 | Total initial investment | $301K–$1.6M |
| ITEM 3 | Disclosed litigation matters | 0 |
| ITEM 19 | Earnings disclosure (FPR) | Yes — median unit volume $1.2M (Table I: n=59 franchised Freestanding Restaurants open & operating the entire 12 months of FY2025 that reported Net Sales (of 407 systemwide franchised Restaurants as of 12/31/2025); excludes 21 seasonal, 38 freestanding without drive-thru, 22 C&G without drive-thru, 199 Co-Brand, 16 Captive, and 2 company-owned units. Figures are avg/median/first-quartile-avg of unit "Net Sales" (all revenue excluding sales taxes); unaudited. A separate Table II covers 52 C&G (convenience/gas) Restaurants: avg $783,397, median $758,976, top-quartile avg $1,222,580. Table III adds a P&L for 17 of the 59 freestanding units (avg Net Sales $1,486,382).) |
| ITEM 20 | Outlets (fiscal 2025) | 208 franchised at year end · 10 exits (4.7% annualized) |
| ITEM 21 | Franchisor financial statements | clean (unqualified) audit opinion — Dean Dorton Allen Ford, PLLC |
Citation discipline: every figure above is extracted from the 2026 A&W FDD as filed and links back to that document. Fields the filing did not state are omitted — nothing here is estimated, surveyed, or filled in from marketing material. FDDs are reissued annually; verify against the current issuance before relying on any number.
A&W FDD questions, answered
Where can I download the A&W FDD for free?
A&W's 2026 Franchise Disclosure Document is a public record. It can be downloaded free from the source link on this page — no broker form, no email signup required.
What year is A&W's most recent FDD on file?
The most recent A&W FDD tracked here was filed in 2026. Franchisors must update their FDD annually, so confirm you are reading the current issuance before signing.
Does A&W's FDD disclose earnings (Item 19)?
Yes — A&W makes a financial performance representation in Item 19 of its 2026 FDD, reporting a median unit volume of $1.2M. Read the basis fine print: franchisors choose which units and metrics to include.
What does A&W's FDD Item 20 show?
In fiscal 2025, A&W ended with 208 franchised outlets; 10 of 213 open at the start of the year left the system — an annualized exit rate of 4.7% (terminations, non-renewals, and "ceased operations — other reasons").
A broker is paid by the franchisor to place you. An independent CPA is paid by you — and the job is pressure-testing A&W's numbers, including talking you out of a bad deal.
Talk to an independent CPA before you buy →