KID TO KID

The track record reveals longevity with franchising starting in 1994 under BaseCamp Franchising, yet the system appears tiny, holding steady at just 1 location from 2021 to 2022 (+0% growth), signaling contraction or stagnation in expansion—a major red flag for scalability. Item 7 pegs total investment at $357,515-$640,215 including the $35,000 franchise fee, with ongoing fees at 5% royalty, 0.5% ad fund, plus mandatory $350/month computer support and $225/month bookkeeping (first year). Item 19 data shines: average gross revenue $1,017,375, median $909,631, but estimated profits swing wildly from -$56,913 to $413,891, meaning top performers thrive while others bleed cash—typical for retail resale dependent on local buying/selling volume.

System health raises alarms: 64 SBA loans averaging $301,597 with a low 6.2% default rate suggests many have financed successfully, but minimal growth and one arbitration case (franchisee won partial damages over lease advice despite their breach) point to support gaps. For resale retail investors, high average revenue tempts, but flat trajectory and profit variance demand scrutiny of local demographics and operations. This isn't explosive growth like bigger chains; it's a steady-if-small play where execution trumps system momentum.