FILING · MN · 2026 FDD
POPUP BAGELS 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). POPUP BAGELS'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 | 6.0% of gross sales |
| ITEM 7 | Total initial investment | $807K–$1.2M |
| ITEM 3 | Disclosed litigation matters | 0 |
| ITEM 19 | Earnings disclosure (FPR) | None — no earnings claim published |
| ITEM 20 | Outlets (fiscal 2025) | 10 franchised at year end |
| ITEM 21 | Franchisor financial statements | Unmodified (clean) opinion — CohnReznick LLP |
CohnReznick LLP gave an unmodified (clean) opinion on the statements in the 2026 FDD; it reported a net loss in every year shown (FY2024–FY2025).
Revenue · FY2025
$623K
extracted · not cross-checked
Net income · FY2025
−$87K
p. 170 · matched to statement
Where FY2025 revenue came from
82% royalties
15% initial / development fees
- Fiscal years covered: FY2024, FY2025 (2026 FDD, statements from p. 170)
- Statements are for: PUB Franchisor LLC
- Parent / owner: not identified in the statements
| Fiscal year | FY2024 | FY2025 |
|---|---|---|
| Total revenue | not extractedwithheld · scale unclear | $623Kextracted · not cross-checked |
| Royalty revenue | $0p. 170 · matched to statement | $511Kp. 170 · matched to statement |
| Initial / development feesline: Franchise fees | $0p. 170 | $95Kp. 170 |
| Net income (loss) | −$160Kp. 170 · matched to statement | −$87Kp. 170 · matched to statement |
| Equity (deficit) at year end | $240Kp. 169 | −$3.9Mp. 169 |
| Cash at year end | $400Kp. 169 | $409Kp. 169 |
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 POPUP BAGELS 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.
POPUP BAGELS FDD questions, answered
Where can I download the POPUP BAGELS FDD for free?
POPUP BAGELS'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 POPUP BAGELS's most recent FDD on file?
The most recent POPUP BAGELS FDD tracked here is the 2026 FDD. Franchisors must update their FDD annually; confirm you are reading the current issuance before signing.
Does POPUP BAGELS's FDD disclose earnings (Item 19)?
No — POPUP BAGELS'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 POPUP BAGELS's FDD Item 20 show?
In fiscal 2025, POPUP BAGELS ended with 10 franchised outlets and opened 10.
The POPUP BAGELS validation checklist
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