Franchises With Unaudited Financials

When a franchise discloses Item 19 financial figures as unaudited, it adds an extra layer of interpretation for buyers. That does not make the information unusable, but it does mean the numbers deserve closer reading alongside the broader business model, fee structure, and system size. Across this group, the range is wide: some brands sit near the lower end of startup cost, while others reach into very large capital requirements.

The mix is broad, with Food & Beverage representing the largest share, followed by Home Services, Business Services, Hospitality & Travel, Health & Wellness, and Fitness. Typical economics in this set land around a median startup investment of $218,600, a median royalty of 6.0%, a median marketing fee of 2.0%, and a median outlet count of 42. That combination suggests a middle ground of established but varied systems rather than one uniform franchise profile.

The examples reflect that spread. Gong cha USA Franchising, LLC (Unit Franchise Offering) is a small food and beverage system with an initial investment of $184,500 to $627,060, a 6.0% royalty, and a 2.0% marketing fee. Automotive brands such as Maaco, MEINEKE®, and Mac Tools show very different operating models and scale, from route-based distribution to repair and collision centers, with outlet counts ranging from the hundreds into the 800s. Phenix Salon Suites adds a higher-cost beauty and personal care format, while SUPPLY POINTe represents a business services model with a 4.2% royalty and no stated marketing fee.

Because this is a disclosure-based grouping, the businesses themselves are not especially similar beyond the way their Item 19 figures are presented. That makes side-by-side comparison important: look at startup range, recurring fees, outlet count, and whether the concept is owner-operator, route-based, service-center based, or facility-heavy. In a set this diverse, the practical fit often matters as much as the headline numbers.