FILING · MN · 2026 FDD
Crunch 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). Crunch's most recent FDD tracked here is the 2026 FDD, a multistate filing. Registration-state filings are public records, so you can read it free, with no sign-up.
PUBLIC RECORD · FILED 2026 · SOURCE STATE MN
| ITEM 5 | Initial franchise fee | $35,000 |
| ITEM 6 | Ongoing royalty | 5.0% of gross sales |
| ITEM 7 | Total initial investment | $2.1M–$5.4M |
| ITEM 3 | Disclosed litigation matters | 2 |
| ITEM 19 | Earnings disclosure (FPR) | Yes — financial performance representation made |
| ITEM 20 | Outlets (fiscal 2025) | 481 franchised at year end · 16 exits (exit rate 3.9%, fiscal 2025) |
| ITEM 21 | Franchisor financial statements | Unmodified (clean) opinion — Deloitte & Touche LLP |
Item 19's tables are images in this filing, so we could read who is included but not every figure.
| What is measured | Gross Revenue (gross sales) |
| Period | Calendar year 2025 |
| Whose results | Franchised outlets |
| Units included | 331 of 352 qualified domestic locations |
| Left out |
|
| Average (mean) | not printed |
| Median | not printed |
| Costs shown | Yes — through a profit line |
| Where | p. 69 (Item 19 runs pp. 68–74) |
| The filing's words | “Of the 352 qualified domestic locations, 21 locations did not submit financials, resulting in 331 or 94% of qualified franchise locations represented in the table(s) of operating activity below.” |
Deloitte & Touche LLP gave an unmodified (clean) opinion on the statements in the 2026 FDD; revenue rose 5% from FY2023 to FY2025.
Revenue · FY2025
$66.4M
extracted · not cross-checked
Net income · FY2025
$36.9M
extracted · not cross-checked
Where FY2025 revenue came from
Royalty share not extracted
initial-fee share not extracted
| Fiscal year | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Total revenue | $63.6Mp. 305 · matched to statement | $84.4Mextracted · not cross-checked | $66.4Mextracted · not cross-checked |
| Net income (loss) | $34.1Mp. 305 · matched to statement | $46.9Mextracted · not cross-checked | $36.9Mextracted · not cross-checked |
| Equity (deficit) at year end | not extracted | $200.2Mp. 304 | $1.42Bp. 304 |
| Cash at year end | not extracted | $8.3Mp. 304 | $7.4Mp. 304 |
How to read this: royalties recur as long as franchisees trade; initial and development fees arrive only when new franchises are sold. A franchisor whose revenue leans on initial fees is funding itself by selling territories, and that revenue stops when sales slow. Under ASC 606 most franchisors recognize initial fees over the agreement term, so the line understates the cash collected in a strong selling year. Ad-fund revenue, where reported, is included in total revenue as the statements present it.
Each figure links to its page in the filed PDF. “Matched to statement” means our extraction and a second, rule-based read of the statement page agree; “extracted · not cross-checked” means the statement page is a scanned image or could not be read as text. Figures we could not place on a consistent scale are withheld, not guessed. Spotted an error? Report a correction.
Every figure above was extracted by software from the 2026 Crunch FDD as filed (figures are not individually checked by a person) and links back to that document. Fields that could not be extracted are omitted; no figure here is estimated. Extraction errors are possible: the filing controls, and FDDs are reissued annually; verify against the current issuance before relying on any number. Spotted an error? Franchisors and owners can report it via the contact on our Terms page.
Crunch FDD questions, answered
Where can I download the Crunch FDD for free?
Crunch'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 Crunch's most recent FDD on file?
The most recent Crunch FDD tracked here is the 2026 FDD. Franchisors must update their FDD annually; confirm you are reading the current issuance before signing.
Does Crunch's FDD disclose earnings (Item 19)?
Yes — Crunch makes a financial performance representation in Item 19 of its 2026 FDD. Read the basis fine print: franchisors choose which units and metrics to include.
What does Crunch's FDD Item 20 show?
In fiscal 2025, Crunch ended with 481 franchised outlets; 16 of 415 open at the start of the year left the system (exit rate 3.9%, fiscal 2025) through terminations, non-renewals, and "ceased operations — other reasons".
The Crunch validation checklist
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