FILING · MN · 2019 FDD · 6+ YEARS OLD
Frullati Cafe & Bakery FDD (Franchise Disclosure Document) — 2019
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). Frullati Cafe & Bakery's most recent FDD tracked here is the 2019 FDD · 6+ years old, filed with the Minnesota Department of Commerce (public CARDS portal) (a newer issuance very likely exists; ask the franchisor for it). Registration-state filings are public records, so you can read it free, with no sign-up.
PUBLIC RECORD · FILED 2019 · SOURCE STATE MN
| ITEM 5 | Initial franchise fee | $30,000 |
| ITEM 6 | Ongoing royalty | 6.0% of gross sales |
| ITEM 7 | Total initial investment | $134K–$516K |
| ITEM 3 | Disclosed litigation matters | 52 |
| ITEM 4 | Item 4 bankruptcy disclosure (franchisor, predecessor, affiliate or officer — see filing) | Yes |
| ITEM 19 | Earnings disclosure (FPR) | None — no earnings claim published |
| ITEM 20 | Outlets (fiscal 2018) | 14 franchised at year end · 1 exits (exit rate 7.1%, fiscal 2018) |
| ITEM 21 | Franchisor financial statements | Unmodified (clean) opinion — PricewaterhouseCoopers LLP/s.r.l./s.e.n.c.r.l. (FY2018); Deloitte LLP (FY2017) |
PricewaterhouseCoopers LLP/s.r.l./s.e.n.c.r.l. (FY2018); Deloitte LLP (FY2017) gave an unmodified (clean) opinion on the statements in the 2019 FDD; revenue rose 181% from FY2016 to FY2018 and it reported a net loss in FY2016.
Audit opinion
Unmodified (clean) opinion
PricewaterhouseCoopers LLP/s.r.l./s.e.n.c.r.l. (FY2018); Deloitte LLP (FY2017)
Revenue · FY2018
$107.1M
extracted · not cross-checked
Net income · FY2018
$33.4M
extracted · not cross-checked
Where FY2018 revenue came from
48% royalties
initial-fee share not extracted
- Fiscal years covered: FY2016, FY2017, FY2018 (2019 FDD)
- Statements are for: not extracted
- Parent / owner: not identified in the statements
| Fiscal year | FY2016 | FY2017 | FY2018 |
|---|---|---|---|
| Total revenue | $38.2Mextracted · not cross-checked | $103.4Mextracted · not cross-checked | $107.1Mextracted · not cross-checked |
| Royalty revenue | not extracted | $48.9Mextracted · not cross-checked | $51.7Mextracted · not cross-checked |
| Net income (loss) | −$127Kextracted · not cross-checked | $4.0Mextracted · not cross-checked | $33.4Mextracted · not cross-checked |
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 2019 Frullati Cafe & Bakery 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.
Frullati Cafe & Bakery FDD questions, answered
Where can I download the Frullati Cafe & Bakery FDD for free?
Frullati Cafe & Bakery's 2019 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 Frullati Cafe & Bakery's most recent FDD on file?
The most recent Frullati Cafe & Bakery FDD tracked here is the 2019 FDD · 6+ years old, filed with the Minnesota Department of Commerce (public CARDS portal). Franchisors must update their FDD annually, so a newer issuance very likely exists; confirm you are reading the current issuance before signing.
Does Frullati Cafe & Bakery's FDD disclose earnings (Item 19)?
No — Frullati Cafe & Bakery's 2019 FDD makes no financial performance representation in Item 19. That is legal and common, but it means the franchisor publishes no earnings claim.
What does Frullati Cafe & Bakery's FDD Item 20 show?
In fiscal 2018, Frullati Cafe & Bakery ended with 14 franchised outlets; 1 of 14 open at the start of the year left the system (exit rate 7.1%, fiscal 2018) through terminations, non-renewals, and "ceased operations — other reasons".
The Frullati Cafe & Bakery validation checklist
questions built from this brand's own filings · read them all on the profile
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