What was the number of CN Spray Net Businesses used to calculate the averages in Section I?
Spray_Net Franchise · 2025 FDDAnswer from 2025 FDD Document
| US Businesses | CN Businesses | |
|---|---|---|
| Number of Businesses | 7 | 11 |
| Average | 89 | 88 |
| Median | 90 | 92 |
| High | 100 | 100 |
| Low | 62 | 60 |
| Number and Percentage of | ||
| Franchisees that Met or | 4 (57.1%) | 9 (81.2%) |
| Exceeded the Average |
Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATIONS (FDD pages 63–72)
What This Means (2025 FDD)
According to Spray Net's 2025 Franchise Disclosure Document, Section I includes performance data from eleven CN (Canadian) businesses. These businesses were used to calculate averages for the 2024 calendar year.
It is important to note that these CN Businesses (Canadian Spray-Net Businesses) were actively owned and operated throughout the relevant measurement periods and meet certain other System criteria found in the FDD. The FDD excluded seven CN Businesses that did not operate for a full year as of December 31, 2024, and five CN Businesses that did not report their complete financials.
Prospective franchisees should consider that the territory sizes, geography, and demographics of their Designated Territory(ies) in the U.S. may differ materially from those of the CN Businesses. Additionally, while the financials for CN Businesses are reported in Canadian dollars, U.S. franchisees typically charge and are paid more per job. The exchange rate as of April 15, 2024, was $1 USD = $1.4011 CAD.