The Great Frame UP

Item 7 details the initial investment range of $113,682 to $209,465, covering build-out for full stores or showroom models, with a $30,000 franchise fee. Ongoing fees stack up: 6% royalty on gross sales, 2% brand/ad fund, plus $395-$695 annually for Lifesaver software, $199/year for FrameVue, and up to $500/month for Wizard mat cutter—potentially pushing total fees over 8-10% in high-use scenarios. No Item 19 means no disclosed revenue or profit benchmarks, forcing reliance on averages like 7 SBA loans at $160,086 each, suggesting mid-sized financing needs but no default rates provided to gauge risk.

System metrics show contraction from 56 to 55 locations (-2% growth in 2023), with just 1 transfer and franchising since 2007 from St. Peters, MO. Litigation centers on recovering unpaid royalties from expired agreements, indicating potential cash flow issues among ex-franchisees rather than broad disputes. For a specialty retail play targeting art enthusiasts, these factors highlight moderate entry costs versus peers but underscore caution on undisclosed earnings and slight shrinkage—ideal for hands-on operators in stable markets, yet demanding scrutiny of local demand before committing.