FILING · MN · 2026 FDD
Tire Pros 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). Tire Pros'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 | $7,000 |
| ITEM 7 | Total initial investment | $111K–$444K |
| ITEM 3 | Disclosed litigation matters | 0 |
| ITEM 4 | Item 4 bankruptcy disclosure (franchisor, predecessor, affiliate or officer — see filing) | Yes |
| ITEM 19 | Earnings disclosure (FPR) | None — no earnings claim published |
| ITEM 20 | Outlets (fiscal 2025) | 495 franchised at year end · 132 exits (exit rate 21.8%, fiscal 2025) |
| ITEM 21 | Franchisor financial statements | Going-concern risk on the state cover page — Holthouse Carlin & Van Trigt LLP (HCVT) |
The 2026 FDD's state cover page warns that the auditor's report expresses substantial doubt, but the auditor's report in the filing has no going-concern paragraph; revenue fell 31% from FY2023 to FY2025 and it reported a net loss in every year shown (FY2023–FY2025).
The FDD's state cover-page risk factor says the auditor's report expresses substantial doubt (p. 4). The independent auditor's report in the filing (HCVT, pp. 199–200, dated April 16, 2026) on Asphalt Tire Pros Francorp, LLC gives an unmodified opinion with an Emphasis of Matter on the predecessor's Chapter 11 sale and fresh-start accounting, and contains no going-concern paragraph.
Audit opinion
Going-concern risk on the state cover page
Holthouse Carlin & Van Trigt LLP (HCVT) · p. 4
Revenue · FY2025
$11.0M
extracted · not cross-checked
Net income · FY2025
−$5.1M
extracted · not cross-checked
Where FY2025 revenue came from
30% royalties
initial-fee share not extracted
- Fiscal years covered: FY2023, FY2024, FY2025 (2026 FDD)
- Statements are for: Asphalt Tire Pros Francorp, LLC
- Parent / owner: Asphalt ATD HoldCo, LLC (p. 199)
- The filing says (p. 4): “Going Concern. The report on the franchisor’s financial statements expresses substantial doubt about the franchisor’s ability to remain in business.”
| Fiscal year | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Total revenue | $15.8Mextracted · not cross-checked | $16.2Mextracted · not cross-checked | $11.0Mextracted · not cross-checked |
| Royalty revenue | $4.7Mextracted · not cross-checked | $4.8Mextracted · not cross-checked | $3.3Mextracted · not cross-checked |
| Net income (loss) | −$14.0Mextracted · not cross-checked | −$8.0Mextracted · not cross-checked | −$5.1Mextracted · 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 Tire Pros 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.
Tire Pros FDD questions, answered
Where can I download the Tire Pros FDD for free?
Tire Pros'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 Tire Pros's most recent FDD on file?
The most recent Tire Pros FDD tracked here is the 2026 FDD. Franchisors must update their FDD annually; confirm you are reading the current issuance before signing.
Does Tire Pros's FDD disclose earnings (Item 19)?
No — Tire Pros'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 Tire Pros's FDD Item 20 show?
In fiscal 2025, Tire Pros ended with 495 franchised outlets; 132 of 605 open at the start of the year left the system (exit rate 21.8%, fiscal 2025) through terminations, non-renewals, and "ceased operations — other reasons".
The Tire Pros validation checklist
questions built from this brand's own filings · read them all on the profile
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