7 questions. 90 seconds. Get your FDD readiness score — and find out what most franchise buyers miss before they sign.
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0 / 7
Question 1 of 7
Have you received and read the full FDD?
The Franchise Disclosure Document is legally required to be given to you at least 14 days before signing. Most buyers skim it.
Yes — read all 23 items
Partially — hit the key sections
Skimmed it briefly
Not yet / don't have it
Question 2 of 7
Do you know the Item 7 total investment range?
Item 7 shows the estimated initial investment. Many buyers are surprised by costs beyond the franchise fee — build-out, training, working capital, and more.
Yes — I know the low, mid, and high estimates
Roughly — I know the franchise fee only
Not sure exactly
No idea yet
Question 3 of 7
Have you reviewed Item 19 — Financial Performance Representations?
Item 19 is optional for franchisors to include. If it's missing, you're flying blind on real unit economics. If it's there, do you know how to read it?
Yes — analyzed average unit revenue and margins
Glanced at it but didn't dig in
The FDD didn't include an Item 19
Haven't looked at it yet
Question 4 of 7
Have you spoken with existing franchisees (Item 20)?
Item 20 lists every current and former franchisee. Calling them is the single highest-value thing you can do — and most buyers skip it.
Yes — talked to 3 or more franchisees
Spoke with 1–2 the franchisor introduced
Have the list but haven't called yet
No — I haven't contacted any franchisees
Question 5 of 7
Do you know the royalty structure and ongoing fee obligations?
Royalties, marketing funds, tech fees, and minimum purchase requirements can significantly impact your actual take-home. These live in Items 5 and 6.
Yes — I've modeled total fees into my P&L
I know the royalty %, not all the other fees
Roughly aware but haven't modeled it
Not sure what I'd owe beyond the franchise fee
Question 6 of 7
Have you had a franchise attorney review the FDD and franchise agreement?
The franchise agreement is what you actually sign — and it may differ from what the FDD describes. An attorney who specializes in franchise law is different from a general business attorney.
Yes — a franchise-specific attorney reviewed everything
My general business attorney looked at it
Planning to but haven't yet
No attorney involved
Question 7 of 7
Have you compared this franchise against at least 2 others in a similar category?
Franchisors present their opportunity as uniquely compelling. Without comparison, you can't benchmark their unit economics, fees, or support against realistic alternatives.
Yes — actively compared 3+ options
Looked at one other briefly
This is the only one I'm considering
Haven't explored alternatives yet
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This tool is for educational purposes only and does not constitute legal, financial, or franchise advisory advice. Franchise investments involve risk. Review all disclosure documents with a licensed franchise attorney before making any investment decision. FranchiseKI earns a commission from franchisors when franchisees sign — there is no cost to you. Individual results vary. Past performance of other franchisees does not guarantee your results.