OFFICIAL FILING · MN · 2025
IFOAM FDD (Franchise Disclosure Document) — 2025
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). IFOAM's most recent FDD tracked here was filed in 2025 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 2025 · SOURCE STATE MN
| ITEM 5 | Initial franchise fee | $15K |
| ITEM 7 | Total initial investment | $172K–$266K |
| ITEM 3 | Disclosed litigation matters | 2 |
| ITEM 19 | Earnings disclosure (FPR) | Yes — median unit volume $1.2M ("As of December 31, 2024, twenty-five (25) franchisees were open and operating across ninety (90) Protected Territories, with twenty (20) franchisees in operation for the entire 2024 calendar year, operating across sixty-four (64) Protected Territories. This Item 19 discloses certain historical financial performance information for those twenty (20) franchisees (the 'Reporting Businesses'). All twenty (20) Reporting Businesses operated in multiple Protected Territories. The five (5) franchisees that were excluded from this Item 19 were excluded because they were not operational for the entire 2024 calendar year." Measurement Period = calendar year 2024 (January 1, 2024 to December 31, 2024). Figures are Gross Sales self-reported by franchisees through the franchisor's proprietary Software System; "Franchisees are not required to use generally accepted accounting principles when reporting these figures." Gross Sales excludes (a) tips paid directly to subcontractors or other personnel and (b) sales tax collected directly from customers. Note 3 to Table 1 inconsistently defines Gross Sales as "all revenue generated by the Reporting Businesses during the 2023 calendar year" while the rest of the Item states 2024. Per-unit figures are per FRANCHISEE (each operating multiple territories), not per territory/outlet.) |
| ITEM 20 | Outlets (fiscal 2024) | 86 franchised at year end · 48 exits (41.4% annualized) |
| ITEM 21 | Franchisor financial statements | clean (unqualified) audit opinion — Forvis Mazars, LLP (FY2024, Lincoln, Nebraska, report dated April 29, 2025); FORVIS, LLP signed the FY2023 report (April 29, 2024) and the FY2022 report (April 27, 2023) |
Citation discipline: every figure above is extracted from the 2025 IFOAM 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.
IFOAM FDD questions, answered
Where can I download the IFOAM FDD for free?
IFOAM's 2025 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 IFOAM's most recent FDD on file?
The most recent IFOAM FDD tracked here was filed in 2025 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 IFOAM's FDD disclose earnings (Item 19)?
Yes — IFOAM makes a financial performance representation in Item 19 of its 2025 FDD, reporting a median unit volume of $1.2M. Read the basis fine print: franchisors choose which units and metrics to include.
What does IFOAM's FDD Item 20 show?
In fiscal 2024, IFOAM ended with 86 franchised outlets; 48 of 116 open at the start of the year left the system — an annualized exit rate of 41.4% (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 IFOAM's numbers, including talking you out of a bad deal.
Talk to an independent CPA before you buy →