Are the CN Businesses, mentioned in the Spray Net financial data, located in Canada?

According to Spray Net's 2025 Franchise Disclosure Document, the CN Businesses, which are referenced in the financial performance representations, are indeed located in Canada. The FDD specifies that the CN Businesses reported their financial data in Canadian Dollars (CAD), confirming their location in Canada. This is important for prospective franchisees in the United States to understand, as the financial figures for CN Businesses are presented in CAD and may differ from the performance of US-based Spray Net franchises.

The FDD also mentions that the currency exchange rate between the U.S. Dollar (USD) and the Canadian Dollar (CAD) is subject to change. As of April 15, 2024, the exchange rate was $1 USD = $1.4011 CAD. Spray Net advises potential franchisees to consider the current exchange rate when reviewing the financial data of the CN Businesses. This difference in currency and exchange rates is a crucial factor when comparing the financial performance of Canadian and U.S. Spray Net franchises.

Furthermore, the FDD clarifies that while there is a difference in the exchange rate, U.S. franchisees typically charge and are paid more per job than the CN Businesses. This suggests that while the gross sales figures for CN Businesses might appear higher in CAD, the actual revenue per job could be lower compared to U.S. franchises. Therefore, prospective franchisees should carefully analyze the financial data, considering both the currency exchange rate and the differences in pricing strategies between the Canadian and U.S. markets. Spray Net encourages consulting with financial advisors regarding currency conversions and financial projections.