BFT
Source filing: WI · filed 2026-04-20
Item 5 — Initial franchise fee
$60,000 [p.21 · WI · 2026-04-20]
Item 6 — Recurring fees (royalty & advertising)
| Royalty | 7% of Gross Sales generated by your Studio over the relevant reporting period 1 [p.24 · WI · 2026-04-20] |
|---|---|
| Regional or Local Advertising Co-Op | As the Co-Op determines (not currently charged) [p.24 · WI · 2026-04-20] |
| Local Advertising Requirement | The greater of (a) $1,500 or (b) 2% of the prior month’s Gross Sales 1 [p.24 · WI · 2026-04-20] |
Full Item 6 schedule (including one-time and conditional fees) is in the FDD itself.
Item 7 — Estimated initial investment (total)
$691,372 [p.31 · WI · 2026-04-20] – $1,151,135 [p.31 · WI · 2026-04-20]
Base single-franchise offering as stated in the FDD's total row. Multi-unit or area-development formats are not broken out here.
Item 20 — Outlets
| Franchised outlets at start of year | 49 [p.76 · WI · 2026-04-20] |
|---|---|
| Franchised outlets at end of year | 44 [p.76 · WI · 2026-04-20] |
| Net change in franchised outlets | -5 [p.76 · WI · 2026-04-20] |
| Transfers | 4 [p.77 · WI · 2026-04-20] |
| Terminations | 2 [p.80 · WI · 2026-04-20] |
| Non-renewals | 0 [p.80 · WI · 2026-04-20] |
| Ceased operations (other) | 11 [p.80 · WI · 2026-04-20] |
| Company-owned outlets at end of year | 0 [p.76 · WI · 2026-04-20] |
Item 19 — Financial performance representation
Headline cohort
All Qualified Studios FY2025 (36 studios) · January 1, 2025 to December 31, 2025
| Outlets in sample | Average | Median | High | Low |
|---|---|---|---|---|
| 36 [p.70 · WI · 2026-04-20] | $399,433 [p.71 · WI · 2026-04-20] | $388,949 [p.71 · WI · 2026-04-20] | $1,015,621 [p.71 · WI · 2026-04-20] | $195,404 [p.71 · WI · 2026-04-20] |
All disclosed cohorts (16)
| Cohort | Outlets | Average | Median | High | Low |
|---|---|---|---|---|---|
| All Qualified Studios FY2025 (36 studios) January 1, 2025 to December 31, 2025 |
36 [p.70 · WI · 2026-04-20] | $399,433 [p.71 · WI · 2026-04-20] | $388,949 [p.71 · WI · 2026-04-20] | $1,015,621 [p.71 · WI · 2026-04-20] | $195,404 [p.71 · WI · 2026-04-20] |
| 1st Quartile Qualified Studios FY2025 (top 9 studios by Gross Revenue) January 1, 2025 to December 31, 2025 |
9 [p.71 · WI · 2026-04-20] | $604,138 [p.71 · WI · 2026-04-20] | $535,833 [p.71 · WI · 2026-04-20] | $1,015,621 [p.71 · WI · 2026-04-20] | $472,637 [p.71 · WI · 2026-04-20] |
| 2nd Quartile Qualified Studios FY2025 (9 studios) January 1, 2025 to December 31, 2025 |
9 [p.71 · WI · 2026-04-20] | $435,324 [p.71 · WI · 2026-04-20] | $439,432 [p.71 · WI · 2026-04-20] | $469,190 [p.71 · WI · 2026-04-20] | $390,222 [p.71 · WI · 2026-04-20] |
| 3rd Quartile Qualified Studios FY2025 (9 studios) January 1, 2025 to December 31, 2025 |
9 [p.71 · WI · 2026-04-20] | $332,166 [p.71 · WI · 2026-04-20] | $329,279 [p.71 · WI · 2026-04-20] | $387,677 [p.71 · WI · 2026-04-20] | $273,803 [p.71 · WI · 2026-04-20] |
| 4th Quartile Qualified Studios FY2025 (bottom 9 studios by Gross Revenue) January 1, 2025 to December 31, 2025 |
9 [p.71 · WI · 2026-04-20] | $226,105 [p.71 · WI · 2026-04-20] | $213,741 [p.71 · WI · 2026-04-20] | $271,381 [p.71 · WI · 2026-04-20] | $195,404 [p.71 · WI · 2026-04-20] |
| New Studios Month 1 (8 studios, first month after Soft Opening in 2025) Month 1 after Soft Opening in 2025 |
8 [p.73 · WI · 2026-04-20] | $15,216 [p.73 · WI · 2026-04-20] | $12,969 [p.73 · WI · 2026-04-20] | $28,861 [p.73 · WI · 2026-04-20] | $2,824 [p.73 · WI · 2026-04-20] |
| New Studios Month 2 (8 studios, second month after Soft Opening in 2025) Month 2 after Soft Opening in 2025 |
8 [p.73 · WI · 2026-04-20] | $30,055 [p.73 · WI · 2026-04-20] | $28,739 [p.73 · WI · 2026-04-20] | $46,730 [p.73 · WI · 2026-04-20] | $13,351 [p.73 · WI · 2026-04-20] |
| New Studios Month 3 (7 studios, third month after Soft Opening in 2025) Month 3 after Soft Opening in 2025 |
7 [p.73 · WI · 2026-04-20] | $33,557 [p.73 · WI · 2026-04-20] | $30,061 [p.73 · WI · 2026-04-20] | $55,978 [p.73 · WI · 2026-04-20] | $14,863 [p.73 · WI · 2026-04-20] |
| New Studios Month 4 (7 studios, fourth month after Soft Opening in 2025) Month 4 after Soft Opening in 2025 |
7 [p.73 · WI · 2026-04-20] | $33,541 [p.73 · WI · 2026-04-20] | $31,852 [p.73 · WI · 2026-04-20] | $49,060 [p.73 · WI · 2026-04-20] | $14,770 [p.73 · WI · 2026-04-20] |
| New Studios Month 5 (5 studios, fifth month after Soft Opening in 2025) Month 5 after Soft Opening in 2025 |
5 [p.73 · WI · 2026-04-20] | $33,103 [p.73 · WI · 2026-04-20] | $26,787 [p.73 · WI · 2026-04-20] | $56,270 [p.73 · WI · 2026-04-20] | $12,661 [p.73 · WI · 2026-04-20] |
| New Studios Month 6 (5 studios, sixth month after Soft Opening in 2025) Month 6 after Soft Opening in 2025 |
5 [p.73 · WI · 2026-04-20] | $35,193 [p.73 · WI · 2026-04-20] | $25,492 [p.73 · WI · 2026-04-20] | $67,582 [p.73 · WI · 2026-04-20] | $14,287 [p.73 · WI · 2026-04-20] |
| New Studios Month 7 (4 studios, seventh month after Soft Opening in 2025) Month 7 after Soft Opening in 2025 |
4 [p.73 · WI · 2026-04-20] | $28,578 [p.73 · WI · 2026-04-20] | $25,169 [p.73 · WI · 2026-04-20] | $47,854 [p.73 · WI · 2026-04-20] | $16,120 [p.73 · WI · 2026-04-20] |
| New Studios Month 8 (4 studios, eighth month after Soft Opening in 2025) Month 8 after Soft Opening in 2025 |
4 [p.73 · WI · 2026-04-20] | $28,237 [p.73 · WI · 2026-04-20] | $25,178 [p.73 · WI · 2026-04-20] | $44,934 [p.73 · WI · 2026-04-20] | $17,658 [p.73 · WI · 2026-04-20] |
| New Studios Month 9 (3 studios, ninth month after Soft Opening in 2025) Month 9 after Soft Opening in 2025 |
3 [p.73 · WI · 2026-04-20] | $31,579 [p.73 · WI · 2026-04-20] | $30,753 [p.73 · WI · 2026-04-20] | $47,554 [p.73 · WI · 2026-04-20] | $16,432 [p.73 · WI · 2026-04-20] |
| New Studios Month 10 (3 studios, tenth month after Soft Opening in 2025) Month 10 after Soft Opening in 2025 |
3 [p.73 · WI · 2026-04-20] | $28,746 [p.73 · WI · 2026-04-20] | $24,432 [p.73 · WI · 2026-04-20] | $45,792 [p.73 · WI · 2026-04-20] | $16,015 [p.73 · WI · 2026-04-20] |
| New Studios Month 11 (3 studios, eleventh month after Soft Opening in 2025) Month 11 after Soft Opening in 2025 |
3 [p.73 · WI · 2026-04-20] | $31,629 [p.73 · WI · 2026-04-20] | $26,284 [p.73 · WI · 2026-04-20] | $50,626 [p.73 · WI · 2026-04-20] | $17,977 [p.73 · WI · 2026-04-20] |
“The data presented in the charts below is historical data related to Qualified Studios that we obtained by polling the information directly from the franchisees' studio management software systems and/or from profit and loss reports provided to us by franchisees.” [p.70 · WI · 2026-04-20]
Extraction notes
- The headline cohort's description does not explicitly state the population is franchised outlets — population not verified.