Net lease glossary
FDD Item 19 (Financial Performance Representations)
The FDD section where a franchisor may disclose unit-level sales, costs, or profits; it is optional but common among larger systems.
Item 19 of a Franchise Disclosure Document contains any financial performance representations the franchisor chooses to make, such as average unit volumes, median sales, or store-level costs. Franchisors are not required to provide Item 19, but if they make performance claims they must appear here with their basis. Landlords use Item 19 to benchmark a location's likely sales and estimate rent coverage when store-level reporting is not available.