We read the franchise's disclosure document for you, check it against our 8 warning signs and the public record, and explain what we found in plain English. You walk into your attorney's office organized, with every fact linked to its page.
When you're seriously considering a franchise, the company has to give you a long legal document called the Franchise Disclosure Document (FDD). The Full Report reads it for you, checks it against the public record, and lists, in plain English, the items our published checklist flags for a closer look.
Upload the one you received, plus your market and timeline. Don't have it? We'll look for it, or help you ask for it.
Fees, earnings claims, how many owners have left, the company's finances, contract terms, plus everything in the Quick Scan.
By email within 4 hours once we have the franchise's current disclosure document (FDD). If that happens after 6 PM ET, it arrives by noon ET the next day.
A good fit if you have the FDD (or will soon), the 14-day review period has started, and you plan to hire a franchise attorney. This makes that review count for more.
The same 8 sections every time, and every fact links to its source.
Who the company really is, how big it is, its history, and the biggest risks, in plain English.
What the company says owners earn (Item 19 of the FDD), what that leaves out, and the real startup costs and fees, double-checked.
A 1–10 score from our published checklist (10 = highest risk), with a one-line reason and what would change it. How the risk score works.
Eight warning signs, each marked Confirmed, Cleared, Untestable, or Unverified, with the evidence.
What owners, customers, and employees say on Reddit, Indeed, Glassdoor, and elsewhere.
How many locations and direct competitors are already near where you'd open.
Registration in the states that require it, any action by the FTC (the federal consumer-protection agency) or state regulators, and pending federal bills.
Specific questions to get answered in writing, and to bring to your attorney.
More than 15% of locations closing, changing hands, or leaving in a year, based on the owner counts in the FDD (Item 20). We show the math.
Earnings numbers (Item 19) based on fewer than 30 locations, or that leave out locations that failed.
Personal guarantees, non-competes, and limits on selling your location, cited by contract section.
Costs the company can add through its operations manual or "then-current" price lists.
Plus the company's financial statements (Item 21), required suppliers (Item 8), and your territory rights (Item 12).
| Automated FDD tools | FranchiseXray Full Report | Franchise attorney review | |
|---|---|---|---|
| Typical published price | $19–$199 | $349 | About $1,900–$2,500 |
| Live state-record and court checks | Usually not stated | Yes, cited | Varies |
| Your local competition | No | Yes | Rarely |
| Legal advice and negotiation | No | No | Yes |
Price ranges are from providers' published pricing pages, checked October 19, 2026. This report is meant to make your attorney review more focused, not to replace it.
It's the Franchise Disclosure Document. Federal rules say the franchise seller has to give it to you at least 14 calendar days before you sign or pay. It covers the fees, lawsuits, any earnings claims, how many owners have left, the company's finances, and the contract. It's often well over 100 pages, so it helps to have someone walk through it.
From the franchise company. Just ask your sales contact for the current one. Under the FTC Franchise Rule, they have to give it to you when you reasonably ask. Some states also post FDDs in free public databases, and we check those for you. If there's no current copy there, we'll send you a short letter you can use to ask for it.
No. This is a research report built from public records and the documents you provide. We don't tell you whether to sign, whether a clause is enforceable, or what to negotiate. Have a licensed franchise attorney review the FDD and agreements before you sign or pay anything.
That's common, especially for newer brands or ones that don't sell in the states that require registration. It doesn't mean something is wrong. A Quick Scan doesn't need it, because we work from other public records. For a Full Report, ask the franchise for its current FDD (we'll give you a letter to send) and upload it. If you can't get one, you can switch to a Quick Scan instead. See our Refund Policy.
No. Within 14 days, the $39.99 is credited, so the Full Report costs $309.
Refunds: All sales are final once your report is downloaded. Refunds are available only before download, or if the download fails due to a technical problem on our side. See a full sample report before you buy. Refund Policy.