Franchisel.com — FDD Diligence Memo
Aire-Master of America
Generated 2026-04-06 · 2025 FDD · Government-filed source
Aire-Master of America
2025 FDD Diligence Memo
Composite score based on six FDD-derived dimensions.
Sys Health
7
Fin Strength
7
Econ Burden
7
Support
7
Change
0
Red Flags & Key Signals
Avg $64,441 from government-filed FDD. Transparent disclosure is a positive signal.
The franchise agreement grants a protected territory. Encroachment risk is contractually limited.
Franchisor financial statements are audited with no going concern warning.
Investment Overview
Items 5, 6, 7Total investment range: $100,000 – $400,000. Initial fee: $30,000. Royalty: 5%. Marketing fund: 2%.
Payback estimate: Investment-to-disclosed-revenue ratio: 3.88x. This is the ratio of midpoint investment ($250,000) to disclosed avg revenue ($64,441). No profit assumptions are applied.
Item 19 — Revenue
Item 19 — 2025 FDD (government-filed)Item 19 discloses avg revenue of $64,441 (Calendar Year 2023).
Sample: WeakThe FDD does not specify how many units were included in this figure. Investment-to-disclosed-revenue ratio: 3.88x ($250,000 midpoint investment vs $64,441 avg revenue).
Item 20 — System Health
Item 20 — 2025 FDDSystem flat — net 0 units in reporting period.
→ StableUnit count essentially unchanged.
Total Units
60
Net Growth
+0
Turnover
0%
Year-over-Year Trends
2024 → 2025 FDD2024 FDD
$64,441
2025 FDD (Current)
$64,441
Opened
+0
Closed
-0
Net
+0
Key Contract Terms
Item 17Item 19 Data Quality Flags
Item 19Gross sales
Figure represents gross sales — standard basis for cross-brand comparison.
Profit not disclosed
Item 19 reports revenue only. No expense breakdown is provided. Profit cannot be determined from this disclosure alone.
Subset of units reported
Item 19 samples may be limited to defined subsets (subset meeting stated criteria), which affects comparability.
Sample size not specified
The FDD does not state how many units contributed to this figure.
Data is 3 years old
Revenue figures cover 2023 operations — may not reflect current market conditions.
Franchisee Interview Questions
Item 20 contactsUse Item 20 to get current franchisee contact info. Call at least 3-5. Ask these questions:
How responsive is your franchisor rep — do they actually help when you have a problem, or are they just checking boxes?
Look for: Specific stories (not just vague positives). Ask about a time they needed help urgently — response time matters.
If you decided to sell your franchise tomorrow, how easy would that be? Has the franchisor ever blocked or delayed a transfer you wanted?
Look for: Transfer fee surprises, right-of-first-refusal complications, or franchisor demanding upgrades before approving a sale.
The Item 2 business experience section doesn't show prior franchise system experience in leadership. Ask: how does the corporate team support franchisees who are struggling operationally?
Look for: Whether they have franchise-specific field support, franchise advisory councils, or prior experience navigating the franchisor-franchisee relationship.
What did your revenue look like in year 1 vs. year 2 vs. now? When did you reach breakeven?
Look for: Year 1 revenue is typically well below Item 19 averages (which often exclude ramp-up units). Expect 12-24 months to reach average.
What did the training actually cover vs. what you needed on day 1? What do you wish you'd learned before opening?
Look for: Gap between training content and operational reality. New franchisees often report the training covered theory but not real-world situations.
Management Team — Item 2 (Business Experience)
Long-tenured executives (5+ years); 6 senior roles identified.
Item 2 · 2025 FDD · confidence: medium
Territory — Item 12
Exclusive territory granted; franchisor reserves online/ecommerce sales; population-based territory (300,000 pop.).
Item 12 · 2025 FDD
Data sources: 2025 Franchise Disclosure Document filed with a state franchise regulator (government record). Source: Extracted from 2025 FDD filed with MN CARDS (file #11315). Data verified from government filing.. · Payback estimates and margin assumptions are editorial — not from the FDD. This memo does not constitute legal or financial advice. Consult a franchise attorney and accountant before signing. Generated 2026-04-06 by Franchisel.com.