Loyalty Business Services Franchise Disclosure Documents (FDD)

For analysts, attorneys, journalists, and prospective operators, the Loyalty Business Services FDD is primary-source research: a federally required disclosure running hundreds of pages, updated annually. We carry 3 editions (2020–2021) — available for immediate purchase and download.

The Franchise Disclosure Document (FDD) is the standardized filing that franchise law in the United States requires of Loyalty Business Services before it can sell a franchise, revised at least once a year. Across 23 Items it discloses who runs the company, what a franchise costs to buy and operate, what each side must do, where a franchisee may operate, whether earnings claims are made, how many outlets exist, and the franchisor's financial statements.