Glossary
Franchise disclosure document
A franchise disclosure document, or FDD, is the legal document a franchise has to give you before you buy in. It lists the fees, the startup costs, the royalty, the territory rules and much more.
What is a franchise disclosure document?
In the United States, a franchise must give anyone thinking of buying in its franchise disclosure document before they sign or pay. It is long, and it follows a set format, so you can compare one brand with another.
The FDD lists the up-front franchise fee, the total startup investment, the royalty you pay on your sales, any ad fund, any minimum you must spend on local ads, the rules about your territory, and what happens if you want to leave. It is the best place to find real numbers about a franchise.
Here are a few floor franchise figures from their FDDs. N-Hance lists a license fee of $22,500 to $45,000 and a 6% royalty. The 2026 Mr. Sandless FDD lists a $15,000 franchise fee, a total investment of $34,810 to $90,060, a 6% royalty with a minimum of $600 a month, a 1% ad fund and at least $1,500 a month in local ads. Franchise figures change, so always read the current FDD before you decide.
FloorIt is not a franchise. There is no franchise fee, no royalty and no ad fund, so there is no FDD. You get the full FloorIt agreement, and you read all of it before you sign. Whatever you choose, add up every fee, up front and every month, and compare.
Related terms
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How FloorIt differs from a floor refinishing franchise: no franchise fee, no royalties, no ad fund, your own name and brand, and nothing to buy your way out of.
FloorIt vs. a Franchise: No Royalties, No Fees, Your Own Brand