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Freddy's vs Auntie Anne's — which franchise is the better buy?

Side by side from the public FDDs — no franchisor spin.

	Freddy's	Auntie Anne's
Disclosure honesty	C	D
Investment from	$854,834	$157,795
Total fees	7.5%	9%
Outlets	580	1,247
Lawsuits	0	4

Freddy's: what their numbers say

Discloses gross receipts, cost of sales, labor, controllable/non-controllable expenses, and 4-wall EBITDA for company-owned Midwest restaurants only. Excludes rent, depreciation, above-restaurant overhead, and franchise-specific costs; not representative of franchisee results.

Auntie Anne's: what their numbers say

Discloses Net Sales only (no costs, no profit) for enclosed mall, outlet center, airport, and Cinnabon co-branded shops. Excludes streetside, concession, most co-branded, and non-eligible units. No income or expense data provided.

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