Research

Franchise research reports, ranking reviews, scoring analysis, and portfolio analysis research built from multi-year FDD review, disclosure analysis, and practical diligence questions. Designed to help screen brands, frame follow-up, and spot changes that deserve a closer look.
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These reports summarize multi-year disclosure patterns and highlight diligence questions. They are designed to support screening and follow-up discussions, not replace legal or financial advice.
Research ReportPublished
Report Date: April 2026
Crumbl: A Case Study in Franchise Diligence (2026 FDD)
A practical review of Crumbl's 2025 and 2026 FDDs, focused on disclosure patterns, diligence questions, and what changed year over year.
This report looks at how multi-year FDD review can surface risk, context, and follow-up questions that do not show up when a filing is read in isolation.
FDD AnalysisFranchise DiligenceYear-Over-Year ChangesDisclosure Review
Andy LeRoy
Andy LeRoy
Founder, Franchise Signal
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Covered Topics
FDD AnalysisFranchise DiligenceYear-Over-Year ChangesDisclosure Review
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Franchise Signal is an independent research platform and is not affiliated with or endorsed by any franchisor or franchise system.

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