OFFICIAL FILING · MN · 2026
TRAVEL LEADERS 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). TRAVEL LEADERS's most recent FDD tracked here was filed in 2026 with the Minnesota Department of Commerce (public CARDS portal) — and because registration-state filings are public records, you can read it free, without giving a broker your phone number.
THE SAME DOCUMENT SITES SELL OR GATE BEHIND LEAD FORMS. FILED 2026 · SOURCE STATE MN
| ITEM 5 | Initial franchise fee | $3K |
| ITEM 7 | Total initial investment | $2K–$18K |
| ITEM 3 | Disclosed litigation matters | 0 |
| ITEM 19 | Earnings disclosure (FPR) | None — no earnings claim published |
| ITEM 20 | Outlets (fiscal 2025) | 187 franchised at year end · 8 exits (4.3% annualized) |
| ITEM 21 | Franchisor financial statements | clean (unqualified) audit opinion — KPMG LLP |
Citation discipline: every figure above is extracted from the 2026 TRAVEL LEADERS FDD as filed and links back to that document. Fields the filing did not state are omitted — nothing here is estimated, surveyed, or filled in from marketing material. FDDs are reissued annually; verify against the current issuance before relying on any number.
TRAVEL LEADERS FDD questions, answered
Where can I download the TRAVEL LEADERS FDD for free?
TRAVEL LEADERS'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 TRAVEL LEADERS's most recent FDD on file?
The most recent TRAVEL LEADERS FDD tracked here was filed in 2026 with the Minnesota Department of Commerce (public CARDS portal). Franchisors must update their FDD annually, so confirm you are reading the current issuance before signing.
Does TRAVEL LEADERS's FDD disclose earnings (Item 19)?
No — TRAVEL LEADERS'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 TRAVEL LEADERS's FDD Item 20 show?
In fiscal 2025, TRAVEL LEADERS ended with 187 franchised outlets; 8 of 188 open at the start of the year left the system — an annualized exit rate of 4.3% (terminations, non-renewals, and "ceased operations — other reasons").
A broker is paid by the franchisor to place you. An independent CPA is paid by you — and the job is pressure-testing TRAVEL LEADERS's numbers, including talking you out of a bad deal.
Talk to an independent CPA before you buy →