Review Material Changes Before Reading The Full FDD
This report highlights material year-over-year changes across fees, obligations, restrictions, transfer terms, and legal language so buyers, operators, attorneys, and advisors can assess what changed before working through the full disclosure.
Latest FDD on file: 2026-03-31
Change Window
2025-2026
2025 (2025-04-16) vs 2026 (2026-03-31)
Tracked Delta Facts
370
370 logged delta facts grounded in source comparisons
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FAQs
This report focuses on year-over-year changes across Items 1 through 18. Item 19 financial performance representations should be reviewed directly in the FDD. Item 20 outlet count changes are better reviewed on the brand profile page. Items 21 through 23 should be reviewed directly in the FDD.
Start with the executive summary to understand the biggest edits quickly. Then use source review to inspect the actual language behind a change. Use all changes when you want fuller coverage across the report, not just the top summarized edits.
Initial Franchise Fee amounts changed: Full Bakery from $30,500 to $35,500; Express Bakery remained $8,000; Concession Bakery remained $5,500; Auntie Anne's Co-Branded Bakery from $66,000 (with $35,500 to Auntie Anne's) to $71,000 (with $35,500 to Auntie Anne's); and Carvel Co-Branded Bakery from $61,000 (with $30,500 to Carvel) to $71,000 (with $35,500 to Carvel).
Item 5
The Initial Franchise Fee amounts were revised: Full Bakery changed from $30,500 to $35,500; Auntie Anne's Co-Branded Bakery changed from $66,000 (with $35,500 paid to Auntie Anne's) to $71,000 (with $35,500 paid to Auntie Anne's); and Carvel Co-Branded Bakery changed from $61,000 (with $30,500 paid to Carvel) to $71,000 (with $35,500 paid to Carvel).
Item 7
For Co-Branded Bakeries, the Initial Franchise Fee paid to us changed from $30,500 to $35,500.
Item 4Item 5Item 73 delta facts available.
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Key Insights
This page compares the 2025 and 2026 FDD editions for this brand.
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Use source review when a specific clause, fee, term, or obligation needs closer inspection.
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Selected Change
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Item 4
2025 (2025-04-16) p.29 | 2026 (2026-03-31) p.29
Initial franchise fees for Full Bakery and certain co-branded formats increased, with updated dollar amounts stated.
2025 (2025-04-16)
Prior Clause
When you sign a Franchise Agreement, you must pay us an initial franchise fee (the "Initial Franchise Fee") of $30,500 for a Full Bakery, $8,000 for an Express Bakery, $5,500 for a Concession Bakery, $66,000 for an Auntie Anne's Co-Branded Bakery ($35,500 of which will be paid to Auntie Anne's), and $61,000 for a Carvel Co-Branded Bakery ($30,500 of which will be paid to Carvel).
Red strikethrough marks removed language.
2026 (2026-03-31)
Revised Clause
When you sign a Franchise Agreement, you must pay us an initial franchise fee (the "Initial Franchise Fee") of $35,500 for a Full Bakery, $8,000 for an Express Bakery, $5,500 for a Concession Bakery, $71,000 for an Auntie Anne's Co-Branded Bakery ($35,500 of which will be paid to Auntie Anne's), and $71,000 for a Carvel Co-Branded Bakery ($35,500 of which will be paid to Carvel).