OFFICIAL FILING · MN · 2026
D-Bat 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). D-Bat'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 | $45K |
| ITEM 7 | Total initial investment | $503K–$995K |
| ITEM 3 | Disclosed litigation matters | 0 |
| ITEM 19 | Earnings disclosure (FPR) | Yes — financial performance representation made |
| ITEM 20 | Outlets (fiscal 2025) | 199 franchised at year end · 2 exits (1.2% annualized) |
| ITEM 21 | Franchisor financial statements | clean (unqualified) audit opinion — Whitley Penn LLP |
Citation discipline: every figure above is extracted from the 2026 D-Bat 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.
D-Bat FDD questions, answered
Where can I download the D-Bat FDD for free?
D-Bat'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 D-Bat's most recent FDD on file?
The most recent D-Bat 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 D-Bat's FDD disclose earnings (Item 19)?
Yes — D-Bat 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 D-Bat's FDD Item 20 show?
In fiscal 2025, D-Bat ended with 199 franchised outlets; 2 of 170 open at the start of the year left the system — an annualized exit rate of 1.2% (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 D-Bat's numbers, including talking you out of a bad deal.
Talk to an independent CPA before you buy →