FILING · MN · 2026 FDD
PRIMROSE SCHOOLS 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). PRIMROSE SCHOOLS's most recent FDD tracked here is the 2026 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 2026 · SOURCE STATE MN
| ITEM 5 | Initial franchise fee | $80,000 |
| ITEM 6 | Ongoing royalty | 7.0% of gross sales |
| ITEM 7 | Total initial investment | $2.2M–$8.0M |
| ITEM 3 | Disclosed litigation matters | 5 |
| ITEM 19 | Earnings disclosure (FPR) | Yes — financial performance representation made |
| ITEM 20 | Outlets (fiscal 2025) | 557 franchised at year end · 4 exits (exit rate 0.8%, fiscal 2025) |
| ITEM 21 | Franchisor financial statements | Unmodified (clean) opinion — PricewaterhouseCoopers LLP |
The headline figure is Average Annual Gross Revenue (AGR) for CY2025, for 520 of 558 units, leaving out opened during 2025, Primrose on Premise schools, temporarily closed to relocate and others.
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 Annual Gross Revenue (AGR) (revenue) |
| Period | CY2025 |
| Whose results | Franchised outlets |
| Units included | 520 of 558 Schools open as of Dec 31, 2025 |
| Left out |
|
| Average (mean) | not printed |
| Median | not printed |
| Costs shown | Yes — through a profit line |
| Where | p. 85 (Item 19 runs pp. 84–96) |
| The filing's words | “Section 1 includes data from 520 Schools that operated as active franchises for the entire calendar year 2025 out of 558 Schools that were open as of December 31, 2025.” |
PricewaterhouseCoopers LLP gave an unmodified (clean) opinion on the statements in the 2026 FDD.
Revenue · FY2025
$0
p. 112 · matched to statement
Net income · FY2025
$0
p. 112 · matched to statement
Where FY2025 revenue came from
Royalty share not extracted
initial-fee share not extracted
- Fiscal years covered: FY2023, FY2024, FY2025 (2026 FDD, statements from p. 112)
- Statements are for: Primrose School Franchising Guarantor LLC
- Parent / owner: not identified in the statements
| Fiscal year | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Total revenue | $0p. 112 · matched to statement | $0p. 112 · matched to statement | $0p. 112 · matched to statement |
| Net income (loss) | $0p. 112 · matched to statement | $0p. 112 · matched to statement | $0p. 112 · matched to statement |
| Equity (deficit) at year end | not extracted | $6.0Mp. 111 | $6.0Mp. 111 |
| Cash at year end | not extracted | $6.0Mp. 111 | $6.0Mp. 111 |
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 PRIMROSE SCHOOLS 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.
PRIMROSE SCHOOLS FDD questions, answered
Where can I download the PRIMROSE SCHOOLS FDD for free?
PRIMROSE SCHOOLS's 2026 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 PRIMROSE SCHOOLS's most recent FDD on file?
The most recent PRIMROSE SCHOOLS FDD tracked here is the 2026 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 PRIMROSE SCHOOLS's FDD disclose earnings (Item 19)?
Yes — PRIMROSE SCHOOLS 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 PRIMROSE SCHOOLS's FDD Item 20 show?
In fiscal 2025, PRIMROSE SCHOOLS ended with 557 franchised outlets; 4 of 525 open at the start of the year left the system (exit rate 0.8%, fiscal 2025) through terminations, non-renewals, and "ceased operations — other reasons".
The PRIMROSE SCHOOLS validation checklist
questions built from this brand's own filings · read them all on the profile
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