How does Bft define the 'range' of data points in Item 19?
Bft Franchise · 2025 FDDAnswer from 2025 FDD Document
In each instance in which we show an average in this Item 19, we also show the range of the data points and the median data point. The range is the space between the lowest and highest points in the data set. The median is the middle data point; that is, the data point in the center of all data points. Where the number of data points is an even number, there is no middle data point, so the median is the average of the two middle data points.
Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATIONS (FDD pages 67–75)
What This Means (2025 FDD)
According to Bft's 2025 Franchise Disclosure Document, the 'range' in Item 19 represents the span between the lowest and highest data points within a given data set. This provides prospective franchisees with an understanding of the variability in the financial performance of Bft studios.
The FDD also explains that Bft uses historical data from Qualified Studios, obtained directly from franchisees' studio management software and profit and loss reports. Bft believes that the characteristics of the studios included in Item 19 will not materially differ from studios operated by new franchisees.
In addition to the range, Bft includes the average and median data points in Item 19. The median is defined as the middle data point, or the average of the two middle data points if the number of data points is even. This comprehensive approach to financial performance representation aims to give potential franchisees a more complete picture of what they might expect.
By providing the range, average, and median, Bft offers a more nuanced view of potential financial performance, allowing prospective franchisees to assess both the potential highs and lows, as well as the central tendency, of the data. This is a common practice in franchise disclosure, as it helps potential franchisees make informed decisions.