Top Rail
Source filing: WI · filed 2026-05-05
Item 5 — Initial franchise fee
$59,900 [p.15 · WI · 2026-05-05]
Item 6 — Recurring fees (royalty & advertising)
| Royalty Fee(2) | The greater of: (i) a blended 6% - 4% of your Gross Revenue; or (ii) the Minimum Monthly Royalty Fee each month (collectively, the “Royalty Fee”). The Royalty Fee is discussed in greater detail in Note 2 below this Item 6 Table. [p.18 · WI · 2026-05-05] |
|---|---|
| Brand Fund Contribution(3) | Currently, 1% of your Gross Revenue (“Brand Fund Contribution”). We reserve the right to increase your Brand Fund Contribution to [p.18 · WI · 2026-05-05] |
| Local Advertising Requirement(4) | Currently, the minimum required spend is the greater of: (i) 3% of Gross Revenue; or (ii) $36,000 annually (the “Local Advertising Requirement”). The annual minimum Local Advertising Requirement of $36,000 is based on a monthly spend requirement of $3,000, but may, with Franchisor’s written permission, vary monthly to account for seasonality and other relevant factors. Franchisor can require a minimum monthly Local Advertising Requirement spend of $3,000 per month even if the annual minimum dollar target has been met for the year. We may increase the Local Advertising Requirement up to a maximum of 4% of Gross Revenue per month upon 90 days’ prior written notice to you. [p.19 · WI · 2026-05-05] |
| Regional Advertising and Promotional Cooperative | If established, determined by the cooperative. The contribution amount is set by the cooperative and may only exceed the Local Advertising Requirement of 4% of Gross Revenue if agreed to by 2/3 of the cooperative. If company-owned Franchised Businesses have controlling voting power (defined as 2/3 of the cooperative votes), then the contribution amount is limited to 2% above the maximum Local Advertising Requirement, unless 2/3 of the cooperative vote, excluding company owned Franchised Business votes, to approve a higher amount. [p.20 · WI · 2026-05-05] |
Full Item 6 schedule (including one-time and conditional fees) is in the FDD itself.
Item 7 — Estimated initial investment (total)
$177,444 [p.33 · WI · 2026-05-05] – $333,944 [p.33 · WI · 2026-05-05]
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 | 168 [p.75 · WI · 2026-05-05] |
|---|---|
| Franchised outlets at end of year | 189 [p.75 · WI · 2026-05-05] |
| Net change in franchised outlets | 21 [p.75 · WI · 2026-05-05] |
| Transfers | 33 [p.77 · WI · 2026-05-05] |
| Terminations | Not disclosed |
| Non-renewals | Not disclosed |
| Ceased operations (other) | Not disclosed |
| Company-owned outlets at end of year | 0 [p.75 · WI · 2026-05-05] |
Item 19 — Financial performance representation
Headline cohort
Second Year Franchisees - Accepted Contract Amount 2025 (operated full years 2024 and 2025) · January 1, 2024 - December 31, 2025
| Outlets in sample | Average | Median | High | Low |
|---|---|---|---|---|
| 13 [p.72 · WI · 2026-05-05] | $1,319,327 [p.72 · WI · 2026-05-05] | $1,127,845 [p.72 · WI · 2026-05-05] | $4,225,195 [p.72 · WI · 2026-05-05] | $247,709 [p.72 · WI · 2026-05-05] |
All disclosed cohorts (6)
| Cohort | Outlets | Average | Median | High | Low |
|---|---|---|---|---|---|
| First Year Franchisees - Accepted Contract Amount 2025 (operated full year 2025 but not full year 2024) January 1, 2025 - December 31, 2025 excluded: failed consistency checks |
Not disclosed | Not disclosed | Not disclosed | Not disclosed | Not disclosed |
| Second Year Franchisees - Accepted Contract Amount 2025 (operated full years 2024 and 2025) January 1, 2024 - December 31, 2025 |
13 [p.72 · WI · 2026-05-05] | $1,319,327 [p.72 · WI · 2026-05-05] | $1,127,845 [p.72 · WI · 2026-05-05] | $4,225,195 [p.72 · WI · 2026-05-05] | $247,709 [p.72 · WI · 2026-05-05] |
| Same-Store-Sales Growth - franchise locations open all 12 months in 2024 and 2025 January 1, 2024 - December 31, 2025 non-annual metric (not annualized) |
15 [p.74 · WI · 2026-05-05] | $38.65 [p.74 · WI · 2026-05-05] | $23.55 [p.74 · WI · 2026-05-05] | $165.76 [p.74 · WI · 2026-05-05] | Not disclosed |
| Created Proposals 2023 - all open franchise locations January 1, 2023 - December 31, 2023 |
93 [p.74 · WI · 2026-05-05] | Not disclosed | Not disclosed | Not disclosed | Not disclosed |
| Created Proposals 2024 - all open franchise locations January 1, 2024 - December 31, 2024 |
168 [p.74 · WI · 2026-05-05] | Not disclosed | Not disclosed | Not disclosed | Not disclosed |
| Created Proposals 2025 - all open franchise locations January 1, 2025 - December 31, 2025 |
188 [p.74 · WI · 2026-05-05] | Not disclosed | Not disclosed | Not disclosed | Not disclosed |
“Some units have earned this amount. Your individual results may differ. There is no assurance that you'll earn as much.” [p.72 · WI · 2026-05-05]
Extraction notes
- One or more Item 19 figures failed source verification and were removed.
- Item 7 totals were extracted with model assistance and verified against the cited page.