Noted Collection Franchise
Cost, fees, owner earnings, closure rate and litigation for a Noted Collection franchise — pulled from the franchisor's own public FDD (2026), not its sales material.
Disclosure honesty
Noted Collection discloses little or no owner-earnings data (Item 19) — the franchisor won't put real profit in writing.
What their own earnings claim actually says
Item 19 not provided in excerpts. No Item 19 financial performance data disclosed.
What a Noted Collection franchise actually costs to run
| Fee | Disclosed | Where it comes from |
|---|---|---|
| Initial franchise fee | $75,000 | Item 5 — paid up front, before you open |
| Royalty | 5% of gross sales | Item 6 — charged on revenue, not profit |
| Advertising fund | 3.5% of gross sales | Item 6 — brand marketing, spent at the franchisor's discretion |
| Total recurring fees | 8.5% of gross sales | Before rent, labor, food or debt service |
| Total initial investment | $706,173 – $80,532,160 | Item 7 — franchisor's own low/high estimate |
5% royalty on Gross Rooms Revenue; 3.5% services contribution; 4.55% loyalty fee on qualifying revenue; multiple technology and brand development fees ranging $77K-$290K+.
Royalty and ad-fund percentages are charged on gross sales — an owner pays them whether or not the location is profitable.
Is Noted Collection worth it? — how it compares to 436 similar franchises
| Ongoing fees | 8.5% of sales | about average |
| Startup cost | from $706,173 | pricier than 86% of peers |
| Disclosure honesty | Grade F | less honest than most of the category |
| Disclosed lawsuits | 0 | fewer than most |
Benchmarked against every other franchises franchise we've graded from public FDDs — the context the franchisor's pitch never gives you.
Owner take-home for a Noted Collection
The franchisor's framing: Item 19 not provided in excerpts. No Item 19 financial performance data disclosed.… We reconstruct what an owner actually keeps, from their own FDD.
- Reconstructed owner P&L — net take-home after royalty, ad fund, rent, labor & debt
- Break-even timeline + cash-on-cash ROI
- Full fee stack + required-purchase markups
- Decoded real failure / closure rate
- How it ranks vs comparable franchises
- Validation-call playbook — the exact questions to ask
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Noted Collection franchise — frequently asked
- How much does a Noted Collection franchise cost?
- The FDD lists a total initial investment of about $706,173–$80,532,160, including a $75,000 initial franchise fee.
- How much do Noted Collection franchise owners make?
- Noted Collection discloses little or no earnings data (Item 19) — meaning the franchisor won't put real owner profit in writing. That's a red flag worth questioning.
- What are the Noted Collection franchise fees?
- Noted Collection's FDD discloses a $75,000 initial franchise fee, a 5% royalty on gross sales, a 3.5% advertising-fund contribution, for roughly 8.5% of gross sales in recurring fees before rent, labor, or debt service. 5% royalty on Gross Rooms Revenue; 3.5% services contribution; 4.55% loyalty fee on qualifying revenue; multiple technology and brand development fees ranging $77K-$290K+.
- What is the Noted Collection franchise profit margin?
- Noted Collection discloses no Item 19 earnings representation, so no profit margin can be derived from the FDD at all. Any margin figure quoted elsewhere is an estimate, not a disclosure.
- What is the Noted Collection franchise failure rate?
- Item 20 not provided. No franchise system size/stability data available.
- How many Noted Collection locations are there?
- Noted Collection's Item 20 outlet table isn't clearly stated in the filing excerpt — request the full Item 20 before relying on any unit count.
- Does Noted Collection have complaints or lawsuits?
- Noted Collection discloses no material litigation in Item 3 of the filing we reviewed. That's a positive signal, though it covers only what the franchisor is required to report.
- Is a Noted Collection franchise worth it?
- It depends on the numbers, not the pitch. Noted Collection scores F on disclosure honesty, carries about 8.5% of sales in ongoing fees. Get the real owner take-home before you sign.
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Source: WI DFI Franchise Registration (2026). FranchiseValidate is independent and not affiliated with Noted Collection or its franchisor. Figures are extracted from the franchisor's own public disclosure document; verify against the current FDD before any decision.