OFFICIAL FILING · MN · 2020
Zerorez 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). Zerorez'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 | $40K |
| ITEM 6 | Ongoing royalty | 6.0% of gross sales |
| ITEM 7 | Total initial investment | $69K–$190K |
| ITEM 3 | Disclosed litigation matters | 1 |
| ITEM 19 | Earnings disclosure (FPR) | Yes — median unit volume $658K (Table 1: "Franchises with less than one million in population in market area, at least one year of operating history and that operated during the Operational Period" — Operational Period = calendar year 2019; "Zerorez has 56 total franchisees, 20 of which are included in Table 1. The information included in Table 1 does not include information from 36 of the franchises because such franchisees had less than one year operating history, more than one million in population in their market area, and/or that did not operate during the Operational Period. Data from all 20 franchisees that meet the criteria are included in Table 1. Nine of the 20 (or 45%) franchisees represented in Table 1 actually attained or surpassed the average results." Information is unaudited. Gross Revenues: Average $998,182; Median $658,349; High $3,782,186; Low $118,542. Separate Table 2 ("Franchises with more than one million in population in market area, at least three years of operating during the Operational Period"; 27 of 56 franchisees included; 9 of 27, or 33%, attained or surpassed the average) shows Gross Revenues Average $3,459,325; Median $1,893,957; High $14,096,748; Low $268,120.) |
| ITEM 20 | Outlets (fiscal 2019) | 56 franchised at year end · 1 exits (2.0% annualized) |
| ITEM 21 | Franchisor financial statements | clean (unqualified) audit opinion — Larson & Company, P.C. |
Citation discipline: every figure above is extracted from the 2020 Zerorez 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.
Zerorez FDD questions, answered
Where can I download the Zerorez FDD for free?
Zerorez'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 Zerorez's most recent FDD on file?
The most recent Zerorez 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 Zerorez's FDD disclose earnings (Item 19)?
Yes — Zerorez makes a financial performance representation in Item 19 of its 2020 FDD, reporting a median unit volume of $658K. Read the basis fine print: franchisors choose which units and metrics to include.
What does Zerorez's FDD Item 20 show?
In fiscal 2019, Zerorez ended with 56 franchised outlets; 1 of 50 open at the start of the year left the system — an annualized exit rate of 2.0% (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 Zerorez's numbers, including talking you out of a bad deal.
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