40 Field guide entry

Comparison worksheet

A static sheet for two restaurant FDDs. Date the documents. Leave blanks blank. Not a calculator.

Print this page or copy the tables into a notebook. Fill them from two current FDDs, in ink if you can stand it. The point of a static sheet is that it cannot invent a total, blend two disclosure years, or turn a missing Item 19 into a peer average.

Date every row. GDK’s FDD issued 3 September 2024 and The Great Greek Mediterranean Grill’s FDD issued 17 August 2023 are not the same vintage. A 6% royalty in both years is still two different documents.

Document identity. If a cell is unknown, leave the em dash.
Field Brand A Brand B
Trade name
Legal franchisor (Item 1)
Issue date
State filing / effective date, if any
FDD delivered (date and time)
Earliest federal signature/payment date
Offered format (kiosk, inline, express, full, imbiss)
US offering? (yes / no / paused)

Worked reminder: Doner Shack in this set is “No current US registration” as of 2026. That row is “no,” and the rest of the sheet should stop.

Fee stack (Items 5 and 6)

Recurring percentages and the initial fee. Do not add unlike bases. Do not put a zero in a missing rate.
Field Brand A Brand B
Initial franchise fee (Item 5)
Royalty % and base
Royalty cap / increase right
Brand fund %
Local advertising %
Technology or similar % or $
Other required Item 6 rows (list)
Percentage subtotal, if both royalty and fund are disclosed

Examples you may copy only from filings in front of you, illustrated here from this set:

  • GDK, FDD issued 3 September 2024: $30,000 fee; 6% royalty; 3% brand fund; 2% local, waived if the store joins a cooperative that can levy up to 2%; royalty and brand fund may be raised annually with no cap.
  • Capriotti’s, May 2024 comparative study: $40,000 fee; 6–7% royalty; 2% brand fund rising to as much as 4%; 1.5% local; 0.65% technology.
  • bluTaco, May 2024 comparative study: no initial fee; royalty not disclosed. Leave the royalty cell as an em dash, not 0%.
  • Döner Haus, 2026 FDD: $35,000 fee; 3% royalty; 2% brand fund.

If a brand is missing royalty or brand fund, this site’s ranking leaves it unranked. Your sheet should do the same.

Item 7

One format only. If the FDD prints two formats, use two sheets.
Field Brand A Brand B
Format and square feet
Total low
Total high
Does the high column sum to the printed total?
Additional-funds amount and months
Grand-opening line
Multi-unit minimum, if any
Footnotes that change the low end

Shah’s Halal Food, FDD issued 10 April 2024: printed high $405,000; line items sum to $410,000. Write both. Great Greek, FDD issued 17 August 2023: low end uses a discounted fee for affiliated-brand owners; first-time buyer pays $39,500. GDK: per outlet inside a five-outlet minimum. Mad for Chicken, FDD issued 3 May 2024: full restaurant $320,125–$687,700 and a separately disclosed express $242,500–$466,700 — two sheets. Wienerschnitzel has no Item 7 total in this dataset; the cell stays an em dash.

Item 19 population

Not the best number in the table. The population.
Field Brand A Brand B
FPR made? (yes / no)
Metric (gross, COGS, payroll, profit, other)
Period
Outlet type (franchised / affiliate / mixed)
Eligible population vs included vs excluded
How many met or exceeded the average, if stated
One-sentence limitation

GDK 2024: one franchised mall unit, full year, $1,383,053 gross. Shah’s 2024 and Halal Guys 2024 sources: no representation. Mad for Chicken 2024: revenue only, twelve affiliate and three franchised. Great Greek 2023: revenues, COGS and payroll for six affiliates, plus high/low of six franchise restaurants open two years. Döner Haus 2026: discloses figures for a short operating history, corporate and early franchised units — copy metric and sample from that Item in the FDD.

Item 20 movement

Ending count is the snapshot. Movement is the story.
Field Brand A Brand B
Units total (as-of year)
Franchised / company
Licensed or other non-franchise, if disclosed
Openings, last three years (sum)
Terminations + non-renewals + cessations
Transfers / reacquisitions
Item 1 narrative count vs Item 20 year-end

Shah’s 2024: 58 total, 14 company, 0 franchised, 44 licensed. Pepper Lunch 2024 comparative record: 6 US units; operator site claims 500+ internationally — put the website claim in a note, not in the unit cell. GDK: 7 at year-end 2023 vs Item 1’s nine at issuance.

Training, territory, renewal

Items 11, 12 and 17. Trace summaries to the agreement before treating them as the deal.
Field Brand A Brand B
Classroom hours / on-the-job hours
Who must attend; who pays travel
Territory (protected / exclusive / none)
Carve-outs (airports, campuses, delivery, other)
Initial term
Renewal right and conditions
Right to sell / transfer fee
Then-current agreement on renewal?

Capriotti’s: no protected area. Wienerschnitzel: no renewal, no right to sell, 20-year term. Great Greek: 35-year term. bluTaco: 0 classroom, 11.5 on the job, term until either party terminates.

Using the sheet

  • One format per sheet; Mad for Chicken full vs express is two sheets.
  • One disclosure year per column; do not mix a 2023 Great Greek fee with a 2025 verbal.
  • Em dash if the filing is silent. Never a peer average.
  • After both columns are filled, list mismatches to take to counsel and to operator calls.
  • This sheet is not legal, tax or investment advice and not a ranking.

A filled-in miniature, for method only

Do not copy these cells onto a live deal. They illustrate how a completed row should look, with source years visible.

Field GDK (illustration) Shah’s Halal (illustration)
Issue date FDD issued 3 September 2024 FDD issued 10 April 2024
Format 1,200–1,400 sq ft; five-outlet minimum 1,200–2,000 sq ft full restaurant
Item 5 $30,000 $30,000
Royalty / fund / local 6% / 3% / 2% (coop may replace local; uncapped increases on royalty and fund) 5% / 1% / 1%
Item 7 $690,500–$1,123,000 $197,000–$405,000 (lines sum to $410,000 high)
Additional funds $15,000–$20,000 / 3 months $10,000–$30,000 / 3 months
Item 19 One full-year mall unit, $1,383,053 gross No representation
Item 20 7 franchised (2023); Item 1 claimed 9 58 total; 0 franchised; 44 licensed
Training 40 classroom + 120 OTJ 19 classroom + 85 OTJ
Territory Non-exclusive, no minimum size, venue/delivery carve-outs Driving distance up to five miles; non-traditional excluded
Term / renewal 10 years; option if not bottom 10% 10 years; one additional term

A third column for Wienerschnitzel would show 20 years, no renewal, no sale, no protected area, 323 units, and an em dash for Item 7. A fourth for bluTaco would show em dashes for royalty and Item 7, 0 classroom hours, and an at-will term. That is the sheet working.

If you add a live Brand C, copy the header date first. Mixing Great Greek’s August 2023 figures with a 2026 verbal from a broker is how columns go bad.

Asked in the field

Can I fill the blanks from a broker summary?
No. Use the furnished FDD. A blank cell means the filing did not give you that fact.