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Primrose Schools vs Apex Fun Run — which franchise is the better buy?

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

	Primrose Schools	Apex Fun Run
Disclosure honesty	B	B
Investment from	$742,900	$94,000
Total fees	9%	10%
Outlets	525	131
Lawsuits	1	1

Primrose Schools: what their numbers say

Discloses average gross revenues by quartile (499 facilities) and average P&L with EBITDA by revenue third (413 facilities). Excludes 86 facilities for various reasons; EBITDA figures are pre-debt-service and pre-owner-compensation, overstating true owner income.

Apex Fun Run: what their numbers say

27 franchisees in 70 territories disclosed. Mean EBITDA $197,384 (21.5%). Median EBITDA $151,228 (23.4%). 44% met/exceeded mean EBITDA.

Get the real owner take-home for either — $149

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