OFFICIAL FILING · MN · 2020
Griswold Home Care (Full Employment Model) FDD (Franchise Disclosure Document) — 2020
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). Griswold Home Care (Full Employment Model)'s most recent FDD tracked here was filed in 2020 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 2020 · SOURCE STATE MN
| ITEM 5 | Initial franchise fee | $50K |
| ITEM 6 | Ongoing royalty | 4.0% of gross sales |
| ITEM 7 | Total initial investment | $106K–$133K |
| ITEM 3 | Disclosed litigation matters | 4 |
| ITEM 19 | Earnings disclosure (FPR) | Yes — median unit volume $757K (Table A, "Average and Median Gross Receipts By Number of Years in Operation, Calendar Year 2019" — "the average and median Gross Receipts during the 12-month period January 1, 2019 through December 31, 2019 (the 'Reporting Year') for the 17 Full Employment Model franchised territories that were in operation for the entire Reporting Year and are owned by franchisees who operate only 1 territory. The territories included in Table A have populations ranging between 90,807 and 915,924, with a median territory population of 387,451." "All Territories" row: # of Territories in subset 17; Average Gross Receipts $1,047,239.73; # that met or exceeded the Average 6 (35%); Highest $4,168,992.28; Lowest $64,505.25; Median $756,991.20. Data was collected in calendar year 2019, prior to the COVID-19 pandemic; not audited or independently verified.) |
| ITEM 20 | Outlets (fiscal 2019) | 87 franchised at year end · 2 exits (2.4% annualized) |
| ITEM 21 | Franchisor financial statements | clean (unqualified) audit opinion — RSM US LLP |
Citation discipline: every figure above is extracted from the 2020 Griswold Home Care (Full Employment Model) 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.
Griswold Home Care (Full Employment Model) FDD questions, answered
Where can I download the Griswold Home Care (Full Employment Model) FDD for free?
Griswold Home Care (Full Employment Model)'s 2020 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 Griswold Home Care (Full Employment Model)'s most recent FDD on file?
The most recent Griswold Home Care (Full Employment Model) FDD tracked here was filed in 2020 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 Griswold Home Care (Full Employment Model)'s FDD disclose earnings (Item 19)?
Yes — Griswold Home Care (Full Employment Model) makes a financial performance representation in Item 19 of its 2020 FDD, reporting a median unit volume of $757K. Read the basis fine print: franchisors choose which units and metrics to include.
What does Griswold Home Care (Full Employment Model)'s FDD Item 20 show?
In fiscal 2019, Griswold Home Care (Full Employment Model) ended with 87 franchised outlets; 2 of 84 open at the start of the year left the system — an annualized exit rate of 2.4% (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 Griswold Home Care (Full Employment Model)'s numbers, including talking you out of a bad deal.
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