In this exclusive Franchise Chatter FDD Talk post, you’ll learn the following:

Section I – Estimated initial investment (franchise costs) for a Tootl Transport franchise, based on Item 7 of the company’s 2024 FDD

Section II – Initial franchise fee, royalty fee, and marketing fee for a Tootl Transport franchise, based on Items 5 and 6 of the company’s 2024 FDD

Section III – Number of franchised and company-owned Tootl Transport outlets at the start of the year and the end of the year for 2021, 2022, and 2023, based on Item 20 of the company’s 2024 FDD

Section IV – News updates on the Tootl Transport franchise opportunity

Section V – Presentation and analysis of Tootl Transport’s financial performance representations (average revenues and/or profits), based on Item 19 of the company’s 2024 FDD, including information on the:

• March to December 2021, January to December 2022, and January to December 2023 monthly number of rides, gross sales, and gross profit for the one affiliate-owned Tootl Transport location operating in two territories and reporting its sales from those two territories together

• March to December 2021, January to December 2022, and January to December 2023 gross sales, gross profit, estimated fees, and gross profit less total fees for the one affiliate-owned Tootl Transport location operating in two territories and reporting its sales from those two territories together

Section VI – Key ratios, comparables, computations, and analyses for the Tootl Transport franchise opportunity (exclusive content for Platinum subscribers)

Section I – Tootl Transport Franchise Costs

• Tootl Transport franchise costs, based on Item 7 of the company’s 2024 FDD:

• Initial Franchise Fee:  $49,900
• Travel Expenses to Initial Training:  $1,500
• Initial Marketing Requirement:  $7,500
• Computer Equipment and Software:  $1,000 to $2,000
• Licenses and Professional Services:  $1,000 to $3,500
• Prepaid Insurance Premium:  $4,500 to $8,500
• Office Furniture:  $1,500
• Additional Funds (3 Months):  $15,000 to $30,000
• Total Estimated Tootl Transport Franchise Costs:  $81,900 to $104,400

Section II – Tootl Transport’s Initial Franchise Fee, Royalty Fee, and Marketing Fee

• Tootl Transport’s initial franchise fee, royalty fee, and marketing fee, based on Items 5 and 6 of the company’s 2024 FDD:

• Initial Franchise Fee:  $49,900

• Royalty Fee:  6% of the Gross Sales of the Tootl Transport Business. Starting in the seventh month after executing the Franchise Agreement, you will pay Tootl Transport the greater of (i) 6% of the monthly Gross Sales of the Tootl Transport Business, or (ii) the Minimum Royalty Fee (7 to 12 months: $500; second year: $1,000; third year+: $1,500)

• Brand Fund Contribution:  currently, 2% of your Gross Sales each month. Tootl Transport reserves the right to increase your Brand Fund Contribution to 3% of your Gross Sales.

• Local Advertising Requirement:  currently, 2% of your Gross Sales per month. Tootl Transport may increase the Local Advertising Requirement up to 3% of Gross Sales each month, upon 90 days’ prior written notice to you.

Section III – Number of Franchised and Company-Owned Tootl Transport Outlets

Franchised

2021

• Outlets at the Start of the Year:  0
• Outlets at the End of the Year:  0
• Net Change:  0

2022

• Outlets at the Start of the Year:  0
• Outlets at the End of the Year:  0
• Net Change:  0

2023

• Outlets at the Start of the Year:  0
• Outlets at the End of the Year:  0
• Net Change:  0

Company-Owned

2021

• Outlets at the Start of the Year:  0
• Outlets at the End of the Year:  2
• Net Change:  +2

2022

• Outlets at the Start of the Year:  2
• Outlets at the End of the Year:  2
• Net Change:  0

2023

• Outlets at the Start of the Year:  2
• Outlets at the End of the Year:  2
• Net Change:  0

Section IV – News Updates on the Tootl Transport Franchise

Section V – Financial Performance Representations (Average Revenues and/or Profits) for the Tootl Transport Franchise (Item 19, 2024 FDD)

• As of December 31, 2023, there was one affiliate-owned location (the “Affiliate-Owned Location”) operating in two Territories.

• Part 1 of this Item sets forth certain historical monthly Number of Rides, Gross Sales, Gross Profit, Gross Profit Margin, and Estimated Royalty Fee, Brand Fund Contribution, Local Advertising Requirement, and Technology Fee for the Affiliate-Owned Location from March 1, 2021 to December 31, 2021, January 1, 2022 to December 31, 2022, and January 1, 2023 to December 31, 2023.

• The Affiliate-Owned Location started operating in March 2021 and operates a substantially similar business to the franchise offered by the Disclosure Document.

• Part 2 of this Item sets forth the Gross Sales, Gross Profit, and Gross Profit Less Total Fees generated by the Affiliate-Owned Location from March 1, 2021 to December 31, 2021, January 1, 2022 to December 31, 2022, and January 1, 2023 to December 31, 2023.

• The Affiliate-Owned Location operates in two Territories and reports its sales from those two Territories together.

• As set forth in Item 12, Tootl Transport allows the Affiliate-Owned Location to service customers outside of its two Territories with Tootl Transport’s prior written consent.

• Only the Affiliate-Owned Location has sold this much. There is no assurance you will sell as much.

Part 1 – Monthly Gross Sales, Number of Rides, Gross Profit, and Profit Margin Generated by the Affiliate-Owned Location During the Measurement Period in Two Territories

2021

March

• Number of Rides:  20
• Gross Sales:  $2,962 (100%)
• Gross Profit:  $1,156 (39%)

April

• Number of Rides:  29
• Gross Sales:  $3,113 (100%)
• Gross Profit:  $1,330 (43%)

May

• Number of Rides:  56
• Gross Sales:  $5,508 (100%)
• Gross Profit:  $2,383 (43%)

June

• Number of Rides:  184
• Gross Sales:  $16,146 (100%)
• Gross Profit:  $6,931 (43%)

July

• Number of Rides:  163
• Gross Sales:  $13,759 (100%)
• Gross Profit:  $6,039 (44%)

August

• Number of Rides:  154
• Gross Sales:  $12,964 (100%)
• Gross Profit:  $5,589 (43%)

September

• Number of Rides:  194
• Gross Sales:  $18,020 (100%)
• Gross Profit:  $7,706 (43%)

October

• Number of Rides:  269
• Gross Sales:  $23,854 (100%)
• Gross Profit:  $13,242 (56%)

November

• Number of Rides:  239
• Gross Sales:  $18,511 (100%)
• Gross Profit:  $9,041 (49%)

December

• Number of Rides:  270
• Gross Sales:  $26,456 (100%)
• Gross Profit:  $12,038 (46%)

2022

January

• Number of Rides:  278
• Gross Sales:  $30,047 (100%)
• Gross Profit:  $14,174 (47%)

February

• Number of Rides:  353
• Gross Sales:  $32,306 (100%)
• Gross Profit:  $15,160 (47%)

March

• Number of Rides:  339
• Gross Sales:  $32,078 (100%)
• Gross Profit:  $14,707 (46%)

April

• Number of Rides:  414
• Gross Sales:  $40,570 (100%)
• Gross Profit:  $18,935 (47%)

May

• Number of Rides:  316
• Gross Sales:  $30,669 (100%)
• Gross Profit:  $15,081 (49%)

June

• Number of Rides:  260
• Gross Sales:  $26,556 (100%)
• Gross Profit:  $12,016 (45%)

July

• Number of Rides:  250
• Gross Sales:  $22,559 (100%)
• Gross Profit:  $10,046 (44%)

August

• Number of Rides:  309
• Gross Sales:  $37,983
• Gross Profit:  $16,681 (44%)

September

• Number of Rides:  354
• Gross Sales:  $36,908 (100%)
• Gross Profit:  $16,847 (46%)

October

• Number of Rides:  311
• Gross Sales:  $33,447 (100%)
• Gross Profit:  $15,067 (45%)

November

• Number of Rides:  323
• Gross Sales:  $39,245 (100%)
• Gross Profit:  $17,188 (44%)

December

• Number of Rides:  424
• Gross Sales:  $47,643 (100%)
• Gross Profit:  $20,228 (42%)

2023

January

• Number of Rides:  370
• Gross Sales:  $41,804 (100%)
• Gross Profit:  $19,044 (46%)

February

• Number of Rides:  287
• Gross Sales:  $32,387 (100%)
• Gross Profit:  $14,811 (46%)

March

• Number of Rides:  366
• Gross Sales:  $41,564 (100%)
• Gross Profit:  $18,076 (43%)

April

• Number of Rides:  372
• Gross Sales:  $40,070 (100%)
• Gross Profit:  $17,834 (45%)

May

• Number of Rides:  390
• Gross Sales:  $45,327 (100%)
• Gross Profit:  $20,374 (45%)

June

• Number of Rides:  307
• Gross Sales:  $30,608 (100%)
• Gross Profit:  $13,312 (44%)

July

• Number of Rides:  336
• Gross Sales:  $30,978 (100%)
• Gross Profit:  $13,037 (42%)

August

• Number of Rides:  354
• Gross Sales:  $32,462 (100%)
• Gross Profit:  $13,409 (41%)

September

• Number of Rides:  436
• Gross Sales:  $41,311 (100%)
• Gross Profit:  $19,172 (46%)

October

• Number of Rides:  451
• Gross Sales:  $40,329 (100%)
• Gross Profit:  $19,559 (49%)

November

• Number of Rides:  499
• Gross Sales:  $49,550 (100%)
• Gross Profit:  $22,526 (45%)

December

• Number of Rides:  467
• Gross Sales:  $46,119 (100%)
• Gross Profit:  $21,326 (46%)

• The term “Number of Rides” means a completed trip from Point A to Point B, and it includes a no-show, which is billed generally as the equivalent of what a one-way fare would be.

• The term “Gross Sales” includes all income of any type or nature and from any source that are derived or received directly or indirectly from, through, by or on account of the operation of the Affiliate-Owned Location at any time and in whatever form and from whatever source, including but not limited to cash, services, in kind from barter and/or exchange, on credit or otherwise as well as business interruption insurance proceeds, all without deduction for expenses including marketing expenses and taxes.

• However, the definition of Gross Sales does not include sales tax that is collected from customers and transmitted to the appropriate taxing authorities.

• The term “Gross Profit” means Gross Sales minus costs of goods sold (the cost of third-party labor to provide transportation services).

• The term “Profit Margin” is calculated by taking Gross Profit and dividing that amount by Gross Sales.

Part 2 – Gross Sales, Gross Profit, and Gross Profit Less Total Fees During March 1, 2021 to December 31, 2021, January 1, 2022 to December 31, 2022, and January 1, 2023 to December 31, 2023 for the Affiliate-Owned Location in Two Territories

March 1, 2021 to December 31, 2021

Gross Sales:  $141,571.00 (100.0%)

Gross Profit:  $65,541.00 (46.3%)

Estimated Fees

• Estimated Royalty Fee:  $8,494.26 (6.0%)
• Estimated Brand Fund Contribution:  $2,831.42 (2.0%)
• Estimated Local Advertising Requirement:  $1,415.71 (1.0%)
• Technology Fee:  $3,500.00 (2.5%)
• Total Fees:  $16,241.39 (11.5%)

Gross Profit Less Total Fees:  $49,229.61 (34.8%)

January 1, 2022 to December 31, 2022

Gross Sales:  $412,151.04 (100.0%)

Gross Profit:  $186,293.99 (45.2%)

Estimated Fees

• Estimated Royalty Fee:  $24,729.06 (6.0%)
• Estimated Brand Fund Contribution:  $8,243.02 (2.0%)
• Estimated Local Advertising Requirement:  $4,121.51 (1.0%)
• Technology Fee:  $4,200 (1.0%)
• Total Fees:  $41,293.59 (10.0%)

Gross Profit Less Total Fees:  $145,000.40 (35.2%)

January 1, 2023 to December 31, 2023

Gross Sales:  $472,509 (100.0%)

Gross Profit:  $212,480 (45.0%)

Estimated Fees

• Estimated Royalty Fee:  $28,351 (6.0%)
• Estimated Brand Fund Contribution:  $9,450 (2.0%)
• Estimated Local Advertising Requirement:  $4,725 (1.0%)
• Technology Fee:  $4,200 (0.9%)
• Total Fees:  $46,726 (9.9%)

Gross Profit Less Total Fees:  $165,754 (35.1%)

• The term “Estimated Royalty Fee” means the Royalty Fee that the Affiliate-Owned Location would have had to pay Tootl Transport over the applicable measurement period if the Affiliate-Owned Location were owned by a System franchisee and governed by Tootl Transport’s current form of Franchise Agreement.

• The term “Estimated Brand Fund Contribution” means the Brand Fund Contribution that the Affiliate-Owned Location would have had to pay Tootl Transport over the applicable measurement period if the Affiliate-Owned Location were owned by a System franchisee and governed by Tootl Transport’s current form of Franchise Agreement.

• “Estimated Local Advertising Requirement” means the Local Advertising Requirement that the Affiliate-Owned Location would have had to comply with over the applicable measurement period if the Affiliate-Owned Location were owned by a System franchisee and governed by Tootl Transport’s current form of Franchise Agreement.

• “Technology Fee” means the Technology Fee that the Affiliate-Owned Location paid during the applicable measurement period. The Technology Fee is calculated by taking the current Technology Fee of $350 per month and multiplying that amount by the number of months in the applicable measurement period.

• “Total Fees” is calculated by adding the Estimated Royalty Fee, Estimated Brand Fund Contribution, Estimated Local Advertising Requirement, Technology Fee, and Software Fee together.

• “Gross Profit Less Total Fees” is calculated by taking the Gross Profit and subtracting the Total Fees.

Section VI – Tootl Transport Franchise Ratios, Comparables, Computations, and Analyses (Exclusive Content for Platinum Subscribers) ⬇️