Inter-State Studio
Source filing: WI · filed 2026-03-26
Item 5 — Initial franchise fee
$15,000 [p.11 · WI · 2026-03-26]
Item 6 — Recurring fees (royalty & advertising)
Not disclosed in extracted fee schedule — see FDD Item 6.
Item 7 — Estimated initial investment (total)
$25,600 [p.17 · WI · 2026-03-26] – $48,950 [p.17 · WI · 2026-03-26]
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 | 18 [p.38 · WI · 2026-03-26] |
|---|---|
| Franchised outlets at end of year | 19 [p.38 · WI · 2026-03-26] |
| Net change in franchised outlets | 1 [p.38 · WI · 2026-03-26] |
| Transfers | 0 [p.38 · WI · 2026-03-26] |
| Terminations | Not disclosed |
| Non-renewals | Not disclosed |
| Ceased operations (other) | 0 [p.40 · WI · 2026-03-26] |
| Company-owned outlets at end of year | 24 [p.38 · WI · 2026-03-26] |
Item 19 — Financial performance representation
Headline cohort
all franchised outlets FY2025 · 2025 Calendar Year
| Outlets in sample | Average | Median | High | Low |
|---|---|---|---|---|
| 19 [p.36 · WI · 2026-03-26] | Not disclosed | Not disclosed | $1,704,153.97 [p.36 · WI · 2026-03-26] | $2,475.30 [p.36 · WI · 2026-03-26] |
All disclosed cohorts (1)
| Cohort | Outlets | Average | Median | High | Low |
|---|---|---|---|---|---|
| all franchised outlets FY2025 2025 Calendar Year |
19 [p.36 · WI · 2026-03-26] | Not disclosed | Not disclosed | $1,704,153.97 [p.36 · WI · 2026-03-26] | $2,475.30 [p.36 · WI · 2026-03-26] |
“Presented below are the historic gross revenue figures and lab fees for the nineteen Inter-State Studios franchised businesses that were open and operating as of December 31, 2025, and had experienced at least one full fall/winter school picture season.” [p.36 · WI · 2026-03-26]