FILING · MN · 2024 FDD · 1+ YEAR OLD
Schooley Mitchell FDD (Franchise Disclosure Document) — 2024
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). Schooley Mitchell's most recent FDD tracked here is the 2024 FDD · 1+ year old, 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 2024 · SOURCE STATE MN
| ITEM 5 | Initial franchise fee | $68,000 |
| ITEM 6 | Ongoing royalty | 8.0% of gross sales |
| ITEM 7 | Total initial investment | $71K–$81K |
| ITEM 19 | Earnings disclosure (FPR) | Yes — financial performance representation made |
| ITEM 20 | Outlets (fiscal 2024) | 261 franchised at year end · 21 exits (exit rate 9.2%, fiscal 2024) |
Item 19's tables are images in this filing, so we could read who is included but not every figure.
| What is measured | Average Annual Secured Revenue (All Full-Time Franchises) (other measure; not an annual per-outlet figure) |
| Period | 12 months ending May 31, 2024 |
| Whose results | Franchised outlets |
| Units included | 66 of 163 franchisees in the Reporting Year data (66 full-time + 97 part-time) |
| Left out |
|
| Average (mean) | printed, but not an annual per-outlet figure |
| Median | printed, but not an annual per-outlet figure |
| Met or beat the average | 26 (39%) |
| Costs shown | None — sales only |
| Where | p. 50 (Item 19 runs pp. 47–51) |
| The filing's words | “historical Annual Secured Revenue generated by 184163 of our franchisees during the 12 months ending May 31, 20232024” |
Every figure above was extracted by software from the 2024 Schooley Mitchell 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.
Schooley Mitchell FDD questions, answered
Where can I download the Schooley Mitchell FDD for free?
Schooley Mitchell's 2024 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 Schooley Mitchell's most recent FDD on file?
The most recent Schooley Mitchell FDD tracked here is the 2024 FDD · 1+ year old, 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 Schooley Mitchell's FDD disclose earnings (Item 19)?
Yes — Schooley Mitchell makes a financial performance representation in Item 19 of its 2024 FDD. Read the basis fine print: franchisors choose which units and metrics to include.
What does Schooley Mitchell's FDD Item 20 show?
In fiscal 2024, Schooley Mitchell ended with 261 franchised outlets; 21 of 229 open at the start of the year left the system (exit rate 9.2%, fiscal 2024) through terminations, non-renewals, and "ceased operations — other reasons".
The Schooley Mitchell validation checklist
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