FILING · MN · 2025 FDD
Fleet Feet FDD (Franchise Disclosure Document) — 2025
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). Fleet Feet's most recent FDD tracked here is the 2025 FDD, filed with the Minnesota Department of Commerce (public CARDS portal). Registration-state filings are public records, so you can read it free, with no sign-up.
PUBLIC RECORD · FILED 2025 · SOURCE STATE MN
| ITEM 5 | Initial franchise fee | $45,000 |
| ITEM 6 | Ongoing royalty | 4.0% of gross sales |
| ITEM 7 | Total initial investment | $229K–$545K |
| ITEM 19 | Earnings disclosure (FPR) | Yes — financial performance representation made |
| ITEM 20 | Outlets (fiscal 2024) | 192 franchised at year end · 1 exits (exit rate 0.5%, fiscal 2024) |
The headline figure is Average Gross Sales for Calendar year ended Dec 31, 2024, for 167 of 192 units, leaving out open < 24 months, online sales via FFS Digital revenue sharing. The mean is 7% above the median, so a minority of high-volume units pulls the average up. It shows no costs, so it says nothing about what an owner keeps.
Graded on three things the filing states: coverage (2 points if the figure covers at least 75% of the units it is compared with, 1 point for 50–75%), centre (2 points if it prints both a median and a mean, 1 for one of them), and costs (2 points for costs through a profit line or full cost detail, 1 for some cost items). 5–6 points = More complete, 3–4 = Partial, 0–2 = Limited. The grade describes the disclosure, not the business.
| What is measured | Average Gross Sales (gross sales) |
| Period | Calendar year ended Dec 31, 2024 |
| Whose results | Franchised outlets |
| Units included | 167 of 192 franchisee owned stores at Dec 31, 2024 |
| Left out |
|
| Average (mean) | $1.7M |
| Median | $1.6M |
| Mean vs median | mean 6.9% above median |
| Met or beat the average | 46% |
| Costs shown | None — sales only |
| Where | p. 59 (Item 19 runs pp. 58–60) |
Every figure above was extracted by software from the 2025 Fleet Feet 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.
Fleet Feet FDD questions, answered
Where can I download the Fleet Feet FDD for free?
Fleet Feet's 2025 Franchise Disclosure Document is a public record, filed with the Minnesota Department of Commerce (public CARDS portal). It can be downloaded free from the source link on this page — no broker form, no email signup required.
What year is Fleet Feet's most recent FDD on file?
The most recent Fleet Feet FDD tracked here is the 2025 FDD, filed with the Minnesota Department of Commerce (public CARDS portal). Franchisors must update their FDD annually; confirm you are reading the current issuance before signing.
Does Fleet Feet's FDD disclose earnings (Item 19)?
Yes — Fleet Feet makes a financial performance representation in Item 19 of its 2025 FDD. Read the basis fine print: franchisors choose which units and metrics to include.
What does Fleet Feet's FDD Item 20 show?
In fiscal 2024, Fleet Feet ended with 192 franchised outlets; 1 of 183 open at the start of the year left the system (exit rate 0.5%, fiscal 2024) through terminations, non-renewals, and "ceased operations — other reasons".
The Fleet Feet validation checklist
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