OFFICIAL FILING · MN · 2018
LearningRx Training Camp FDD (Franchise Disclosure Document) — 2018
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). LearningRx Training Camp's most recent FDD tracked here was filed in 2018 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 2018 · SOURCE STATE MN
| ITEM 5 | Initial franchise fee | $35K |
| ITEM 6 | Ongoing royalty | 10.0% of gross sales |
| ITEM 7 | Total initial investment | $92K–$198K |
| ITEM 3 | Disclosed litigation matters | 3 |
| ITEM 19 | Earnings disclosure (FPR) | Yes — median unit volume $231K (Chart Two: "The financial performance figures in Chart Two represents historical operating figures for all LearningRx Centers open during the full fiscal year October 1, 2016 through September 30, 2017. The chart reflects the performance experienced by the average of all LearningRx Centers by revenue who operated a Center during the full fiscal year 2016 – 2017. As of September 30, 2017, out of the 71 LearningRx Centers, 70 operated during the full fiscal year ending September 30, 2017. All 70 Centers operating for a full fiscal year ending September 30, 2017, are represented below. Thirty-Four out of the 70 Centers, or 48.5%, attained or surpassed the stated results." Line item is "Average Revenue Charged (Note 1)" — accrual basis, amounts billed to clients Oct 1, 2016–Sep 30, 2017, not actual collections.) |
| ITEM 20 | Outlets (fiscal 2017) | 70 franchised at year end · 6 exits (8.0% annualized) |
| ITEM 21 | Franchisor financial statements | clean (unqualified) audit opinion — Kharyn L. Cover, CPA, PC |
Citation discipline: every figure above is extracted from the 2018 LearningRx Training Camp 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.
LearningRx Training Camp FDD questions, answered
Where can I download the LearningRx Training Camp FDD for free?
LearningRx Training Camp's 2018 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 LearningRx Training Camp's most recent FDD on file?
The most recent LearningRx Training Camp FDD tracked here was filed in 2018 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 LearningRx Training Camp's FDD disclose earnings (Item 19)?
Yes — LearningRx Training Camp makes a financial performance representation in Item 19 of its 2018 FDD, reporting a median unit volume of $231K. Read the basis fine print: franchisors choose which units and metrics to include.
What does LearningRx Training Camp's FDD Item 20 show?
In fiscal 2017, LearningRx Training Camp ended with 70 franchised outlets; 6 of 75 open at the start of the year left the system — an annualized exit rate of 8.0% (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 LearningRx Training Camp's numbers, including talking you out of a bad deal.
Talk to an independent CPA before you buy →