Sea Glass Properties
Source filing: WI · filed 2026-04-02
Item 5 — Initial franchise fee
$10,000 [p.13 · WI · 2026-04-02]
Item 6 — Recurring fees (royalty & advertising)
| Royalty Fee1 | 6% of Gross Commission Income or a Minimum fee of $10,000 - $50,000 per year (the “Minimum Fee”), whichever is higher. The Minimum Fee may increase over time up to a maximum of $50,000. [p.13 · WI · 2026-04-02] |
|---|---|
| National Advertising and Development Fund | $3,750 per year [p.13 · WI · 2026-04-02] |
| Local Advertising | None [p.13 · WI · 2026-04-02] |
| Grand Opening Advertising | $5,000 - $15,000 [p.14 · WI · 2026-04-02] |
Full Item 6 schedule (including one-time and conditional fees) is in the FDD itself.
Item 7 — Estimated initial investment (total)
$34,000 [p.17 · WI · 2026-04-02] – $273,000 [p.17 · WI · 2026-04-02]
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 | 0 [p.40 · WI · 2026-04-02] |
|---|---|
| Franchised outlets at end of year | 3 [p.40 · WI · 2026-04-02] |
| Net change in franchised outlets | 3 [p.40 · WI · 2026-04-02] |
| Transfers | 0 [p.40 · WI · 2026-04-02] |
| Terminations | 0 [p.41 · WI · 2026-04-02] |
| Non-renewals | 0 [p.41 · WI · 2026-04-02] |
| Ceased operations (other) | Not disclosed |
| Company-owned outlets at end of year | 2 [p.40 · WI · 2026-04-02] |
Item 19 — Financial performance representation
This filing does not include an Item 19 financial performance representation.
Extraction notes
- Item 7 totals were extracted with model assistance and verified against the cited page.