FILING · MN · 2025 FDD
PSP 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). PSP'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 | $49,900 |
| ITEM 6 | Ongoing royalty | 3.0% of gross sales |
| ITEM 7 | Total initial investment | $541K–$2.0M |
| ITEM 19 | Earnings disclosure (FPR) | Yes — financial performance representation made |
| ITEM 20 | Outlets (fiscal 2024) | 502 franchised at year end · 8 exits (exit rate 1.6%, fiscal 2024) |
The headline figure is Average Annual Gross Sales for Measurement Period Jan 1, 2024 - Dec 28, 2024, for 347 of 485 units, leaving out transferred during the period, reacquired by franchisor, ceased operations and others. The mean is 7% above the median, so a minority of high-volume units pulls the average up.
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 Sales (gross sales) |
| Period | Measurement Period Jan 1, 2024 - Dec 28, 2024 |
| Whose results | Franchised outlets |
| Units included | 347 of 485 Franchised Stores open and operating at the start of the Measurement Period |
| Left out |
|
| Average (mean) | $2.7M |
| Median | $2.5M |
| Mean vs median | mean 6.8% above median |
| Met or beat the average | 43.8% |
| Costs shown | Some cost items only |
| Where | p. 64 (Item 19 runs pp. 61–66) |
| The filing's words | “for the 347 Franchised Stores that were open and began operating prior to January 1, 2024, and operated the full Measurement Period under the same owner (the "Reporting Franchised Stores").” |
Every figure above was extracted by software from the 2025 PSP 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.
PSP FDD questions, answered
Where can I download the PSP FDD for free?
PSP'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 PSP's most recent FDD on file?
The most recent PSP 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 PSP's FDD disclose earnings (Item 19)?
Yes — PSP 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 PSP's FDD Item 20 show?
In fiscal 2024, PSP ended with 502 franchised outlets; 8 of 485 open at the start of the year left the system (exit rate 1.6%, fiscal 2024) through terminations, non-renewals, and "ceased operations — other reasons".
The PSP validation checklist
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