FILING · MN · 2026 FDD
NITELITES 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). NITELITES'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 | $19,995 |
| ITEM 6 | Ongoing royalty | 5.0% of gross sales |
| ITEM 7 | Total initial investment | $66K–$111K |
| ITEM 3 | Disclosed litigation matters | 1 |
| ITEM 19 | Earnings disclosure (FPR) | None — no earnings claim published |
| ITEM 20 | Outlets (fiscal 2025) | 7 franchised at year end · 3 exits (exit rate 30.0%, fiscal 2025) |
| ITEM 21 | Franchisor financial statements | Unmodified (clean) opinion — Brady Ware & Schoenfeld (Brady, Ware & Schoenfeld, Inc.) |
Brady Ware & Schoenfeld (Brady, Ware & Schoenfeld, Inc.) gave an unmodified (clean) opinion on the statements in the 2026 FDD; revenue fell 20% from FY2023 to FY2025 and it reported a net loss in FY2025.
Audit opinion
Unmodified (clean) opinion
Brady Ware & Schoenfeld (Brady, Ware & Schoenfeld, Inc.)
Revenue · FY2025
$277K
extracted · not cross-checked
Net income · FY2025
−$32K
extracted · not cross-checked
Where FY2025 revenue came from
59% royalties
initial-fee share not extracted
- Fiscal years covered: FY2023, FY2024, FY2025 (2026 FDD)
- Statements are for: not extracted
- Parent / owner: not identified in the statements
| Fiscal year | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Total revenue | $344Kextracted · not cross-checked | $307Kextracted · not cross-checked | $277Kextracted · not cross-checked |
| Royalty revenue | $208Kextracted · not cross-checked | $195Kextracted · not cross-checked | $164Kextracted · not cross-checked |
| Net income (loss) | $52Kextracted · not cross-checked | $17Kextracted · not cross-checked | −$32Kextracted · 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 2026 NITELITES 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.
NITELITES FDD questions, answered
Where can I download the NITELITES FDD for free?
NITELITES'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 NITELITES's most recent FDD on file?
The most recent NITELITES FDD tracked here is the 2026 FDD. Franchisors must update their FDD annually; confirm you are reading the current issuance before signing.
Does NITELITES's FDD disclose earnings (Item 19)?
No — NITELITES's 2026 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 NITELITES's FDD Item 20 show?
In fiscal 2025, NITELITES ended with 7 franchised outlets; 3 of 10 open at the start of the year left the system (exit rate 30.0%, fiscal 2025) through terminations, non-renewals, and "ceased operations — other reasons".
The NITELITES validation checklist
questions built from this brand's own filings · read them all on the profile
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