Digital Earnings Claims Statements & Financial Performance Representations

The single most important challenge for a prospective franchisee/investor is to prepare a realistic cash flow statement that accurately reflects the economic potential of that franchise or business. If you are thinking about buying a franchise, the only reliable source of in-depth information on the financial aspects of the company is its Item 19 (Financial Performance Representation (FPR), previously Earnings Claim Statement). Although the methodology and level of detail might differ by franchisor, the data reflects historical sales, expenses, and/or profit data on actual franchise operations, based on the historical results of the existing franchisees. Although the inclusion of an Item 19 is optional on the part of the franchisor, roughly 65% of US franchisors currently provide an Item 19. Some Item 19s are more exhaustive than others.

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We have extracted over 5,000 Item 19s/FPRs, starting in 2009. All are currently available for purchase and immediate download for $25.00 each. We have also provided annual packages by industry group (Food, Lodging, Retail, or Service) or by year. Package pricing is a function of the number of Item 19s in a package. Item 19s that are red-lined (marked to reflect changes from the previous year) are noted as such. In addition to the Item 19 in its entirety, recent documents also include the first page of the franchisor’s FDD/UFOC.

All individual Item19s/FPRs are immediately downloadable. Industry or annual packages are emailed separately within a few hours.

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Entire FDDs/UFOCs may be purchased from our sister website at (formerly Over 30,000 current and archived FDDs and UFOCs are available on the site.