FDD Year-over-Year Comparison
Crunch FDD: What Changed from 2025 to 2026
The 2026 Crunch FDD moves the Item 7 estimated initial investment range from $804,000–$6,716,000 to $2,147,500–$5,367,000, and the system grows from 450 to 486 outlets year-over-year. Both filings include an Item 19 financial performance representation.
Item 7 — Estimated Initial Investment
| 2025 FDD | 2026 FDD | Change | |
|---|---|---|---|
| Low end of range | $804,000 | $2,147,500 | +$1,343,500 (+167.1%) |
| High end of range | $6,716,000 | $5,367,000 | −$1,349,000 (−20.1%) |
| Full range | $804,000–$6,716,000 | $2,147,500–$5,367,000 |
The 2026 filing puts the Item 7 estimated initial investment at $2,147,500–$5,367,000, versus $804,000–$6,716,000 in the 2025 filing. The low end moves by +$1,343,500 (+167.1%) and the high end moves by −$1,349,000 (−20.1%).
Item 20 — System Size (Outlet Count)
| 2025 FDD | 2026 FDD | Change | |
|---|---|---|---|
| Total outlets (Item 20) | 450 | 486 | +36 (+8.0%) |
Crunch reports 486 outlets in the 2026 FDD, versus 450 in the 2025 filing (+36 (+8.0%)).
Item 19 — Financial Performance Representations
Crunch included an Item 19 financial performance representation in both the 2025 and 2026 filings.
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