Franchisel.com — Buyer Memo
Pro Image Sports
2025 FDD · Government-filed source · Generated April 6, 2026
Core Diligence Score
52/10
Pro Image Sports
Buyer memo · 2025 FDD · Government-filed source
Core Diligence Score
52/10
Score of 52/10 driven by: low financial transparency.
Investment — Items 5, 6, 7
Item 19 — Revenue Disclosure
Item 20 — System Health
Contract Terms — Item 17
Red Flags & Key Signals
System lost net unitsItem 20
Net unit loss of -6. Monitor whether this is a one-year anomaly or a trend.
Post-term non-compete — 3yr / 100miItem 17
After leaving the franchise, you cannot operate a competing business in this radius. Evaluate the real-world impact on your exit options.
Questions to Ask Existing Franchisees
The agreement includes a 3-year, 100-mile post-termination non-compete. Ask franchisees: did you fully understand this when you signed — and do you feel it's fair?
Whether franchisees feel trapped. High non-compete terms reduce exit flexibility.
How responsive is your franchisor rep — do they actually help when you have a problem, or are they just checking boxes?
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?
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?
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?
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?
Gap between training content and operational reality. New franchisees often report the training covered theory but not real-world situations.
Next Steps Before Signing
Validation calls
- Call 5–10 franchisees from Item 20 contact list
- Ask about support quality and territory disputes
- Ask if they would buy again at today's fee level
Professional review
- Hire a franchise attorney to review the FDD + FA
- Get an accountant to model unit economics with real COGS
- Request audited financials (Item 21) if not included
All figures sourced from the 2025 Franchise Disclosure Document (government-filed, MN CARDS / WI DFI / CA DFPI). Payback estimates assume 15% net margin — editorial estimate only, not a guarantee. This memo is a first-pass summary; it is not legal or financial advice. Consult a franchise attorney and CPA before signing. Generated April 6, 2026.