Annual owner-earnings answer
A manager-run The Good Feet Store may produce approximately $4,762 to $140,705 in annual estimated pre-tax owner earnings under the three scenarios below. The base case is about $53,052. If the owner personally replaces the required full-time general manager, the corresponding estimated owner-operator benefit is about $93,012 to $228,955, including the market value of the owner’s labor.
Data basis
- Legal franchisor
- Good Feet Worldwide, LLC; parent MPRBrands, LLC
- FDD issuance
- May 19, 2026
- Item 19 status
- No sales, profit, or owner-compensation representation
- Applicable unit
- One franchised U.S. Good Feet Store, approximately 1,500–2,000 square feet
- Operating population
- 288 franchised Stores at December 31, 2025; no company-owned Stores at year-end
- External benchmarks
- Foot Solutions unit economics; IRS corporate retail expenses; BLS manager wage; Census NAICS 456199
- Evidence mode
- Mode D—Structural FDD-Anchored Estimate
- Date checked
- July 22, 2026
Independent per-Store range, rounded to the nearest $1,000.
Includes $88,250 of general-manager labor value, not passive profit.
U.S. franchised outlet count at December 31, 2025.
Greater of $10,000 monthly or 20% of monthly Gross Sales, absent an approved alternative.
Percentage of Gross Sales effective July 1, 2026.
The current Item 19 provides no same-brand revenue or earnings data.
What does the 2026 Item 19 actually disclose?
For the May 19, 2026 U.S. franchise offer, Item 19 officially discloses no financial performance representation for any franchised or company-owned Good Feet Store population. Item 19 says the franchisor does not make representations about future franchisee performance or the past performance of franchised or company-owned outlets. Therefore, the 2026 FDD provides no Average Unit Volume, median Gross Sales, Operating Profit, EBITDA, Net Income, Cash Flow, Owner Compensation, or percentage-achieving threshold for a buyer to use as a same-brand earnings answer. Source: 2026 Franchise Disclosure Document, Item 19, p. 57.
That absence is not evidence that a Store earns zero. It means the strongest same-brand document measures the franchise structure, required expenditures, outlet population, and operating obligations—not unit sales or profit. The Federal Trade Commission’s franchise earnings guidance explains that an earnings claim must be placed in Item 19 and supported by a reasonable basis; a buyer may request written substantiation for any permitted claim.
Item 20 does provide population context. Franchised Stores increased from 254 at the start of 2025 to 288 at year-end; 37 opened and three ceased operations for reasons other than termination or non-renewal. The 17 company-owned Stores at the start of 2025 were sold to franchisees, leaving no company-owned population at year-end. Those outlet counts describe system movement, not profitability. Source: 2026 Franchise Disclosure Document, Item 20, pp. 57–66.
How was the owner-earnings range calculated?
For one manager-run U.S. franchised Store under the 2026 fee structure, the range is an estimated revenue-and-expense bridge. Revenue is anchored to a current official comparable foot-wellness franchise because The Good Feet Store Item 19 supplies no revenue figure. Good Feet-specific recurring obligations come from the 2026 FDD; normal cash operating costs come from an official U.S. retail dataset.
- Revenue: $400,000 is an editorial 80% case around the comparable $500,000 Average Unit Volume; $500,000 is the comparable AUV; $772,948 is the comparable top-quartile average sales figure. These are not Good Feet Store results.
- Gross margin: the comparable reports average gross margins of 60%+. The model uses 57%, 60%, and 63% as an explicit minus-three/base/plus-three-percentage-point sensitivity.
- Normal cash operating costs: 18.2096% is derived from 2022 IRS “Health and personal care retailers” corporate-return data. It includes salaries and wages, rent, taxes and licenses, repairs, bad debts, benefits, retirement costs, charitable contributions, and other deductions. It excludes cost of goods sold, advertising, officer compensation, interest, depreciation, and amortization because those items are replaced or treated separately.
- Good Feet obligations: the model uses the July 1, 2026 Continuing Service Fee, current technology charge, current Advertising Fund formula, and the stated local advertising minimum without assuming approval of a lower alternative. Monthly advertising formulas are annualized on an even-sales assumption; seasonality can make the actual annual amount differ, and the local advertising total can be higher.
- Excluded: financing interest and principal, depreciation, amortization, capital expenditures, remodel costs, personal income tax, owner distributions, and portfolio overhead. These exclusions prevent the estimate from being mistaken for after-tax take-home pay.
The closest official classification is NAICS 456199, All Other Health and Personal Care Retailers. The IRS ratio is derived from Statistics of Income, Corporation Complete Report, tax year 2022, Table 5.1. The revenue and gross-margin anchors come from the official Foot Solutions franchise economics page, which describes a smaller 900–1,500-square-foot comparable format and therefore cannot be treated as same-brand evidence.
Annual pre-tax owner earnings before financing, depreciation, capital expenditures, and personal taxes.
Interpretation: the range widens sharply because the model varies both sales and gross margin; the upside label is an analytical scenario, not a probability or promised result.
Sources: 2026 Franchise Disclosure Document, Items 6 and 11, pp. 7–12 and 29–33; IRS Corporation Complete Report, 2022 Table 5.1; official Foot Solutions franchise economics. Calculations use full-precision inputs.
| Scenario | Revenue anchor | Gross margin | Manager-run earnings | Owner-operator benefit |
|---|---|---|---|---|
| Conservative | $400,000 | 57% | $4,762 | $93,012 |
| Base | $500,000 | 60% | $53,052 | $141,302 |
| Upside | $772,948 | 63% | $140,705 | $228,955 |
“Conservative,” “Base,” and “Upside” describe model inputs, not statistical likelihood. The revenue anchors are comparable-system observations and an editorial spread; none is reported for The Good Feet Store.
What consumes the base-case $500,000 of Gross Sales?
For one manager-run U.S. franchised Store under the 2026 fee structure, the estimated base case leaves about $53,052 from $500,000 of Gross Sales before financing, depreciation, capital spending, and personal tax. This is a derived scenario, not an official Good Feet profit statement. The largest modeled deductions are product cost, the local advertising obligation, and normal payroll-and-occupancy costs.
| Base-case bridge | Evidence class | Amount | % of sales |
|---|---|---|---|
| Gross Sales | Comparable revenue anchor | $500,000 | 100.00% |
| Cost of goods sold | Derived from 60% comparable gross margin | −$200,000 | 40.00% |
| Non-advertising cash operating costs | IRS benchmark ratio | −$91,048 | 18.21% |
| Store-level local advertising | 2026 FDD minimum formula | −$120,000 | 24.00% |
| Advertising Fund | 2026 FDD formula | −$15,000 | 3.00% |
| Continuing Service Fee | 2026 FDD fee | −$12,500 | 2.50% |
| Technology | 2026 FDD current charge | −$8,400 | 1.68% |
| Estimated manager-run pre-tax owner earnings | Derived scenario | $53,052 | 10.61% |
The Advertising Fund is separate: up to 3% of monthly Gross Sales, currently the lesser of $1,975 or 3%. The Continuing Service Fee rises from 1.75% to 2.5% on July 1, 2026, and the current technology charge is $700 monthly. Source: 2026 Franchise Disclosure Document, Item 6, pp. 7–12; Item 11, pp. 29–33.
How does active owner operation change the result?
For one U.S. franchised Store under the 2026 operating rules, the owner-role comparison is estimated: an active owner can increase economic benefit by replacing the paid general-manager role, but the added amount is compensation for labor—not passive business profit. Officially, the 2026 FDD requires every Store to have direct, on-premises supervision by a trained full-time general manager. The Managing Owner may fill that role if approved and trained; otherwise a trained employee must do it. Source: 2026 Franchise Disclosure Document, Item 15, pp. 48–49.
- Manager-run owner earnings
- Residual operating cash in the model after normal employee wages, including a manager, and recurring franchise obligations; before financing, depreciation, capital expenditures, and personal taxes.
- Owner-operator benefit
- Manager-run residual plus $88,250 of labor value for personally performing the full-time general-manager role. It combines business profit and compensation for work performed.
- Owner salary or draw
- A payment method, not a separate measure of store economics. Salary, draw, distributions, and retained earnings can differ even when operating results are identical.
- After-tax take-home pay
- Not estimated. Entity structure, state and local taxes, deductions, household income, and owner circumstances materially change tax outcomes.
The $88,250 labor-value assumption is the May 2023 annual mean wage for General and Operations Managers in the BLS Health and Personal Care Retailers industry. The Bureau of Labor Statistics industry wage table excludes self-employed workers and does not represent Good Feet compensation. It is used only to separate owner labor from residual business earnings; it does not add employer payroll taxes, benefits, or an owner premium.
How sensitive are earnings to sales and gross margin?
For one manager-run U.S. franchised Store using the 2026 fee formulas, the independent estimate is highly sensitive to both Gross Sales and product margin. This matrix holds the FDD fee formulas and the 18.2096% operating-cost proxy constant while varying revenue and gross margin. It applies to one manager-run Store and shows why a single midpoint would create false certainty.
Annual pre-tax owner earnings at three revenue levels and three gross-margin assumptions.
Interpretation: each one-percentage-point change in gross margin moves annual earnings by approximately 1% of revenue, while the local advertising formula keeps a large share of revenue committed at every modeled sales level.
Sources and assumptions: 2026 FDD Items 6 and 11; IRS 2022 Table 5.1; official Foot Solutions economics. Values are derived scenarios, not Item 19 results.
The largest unresolved uncertainty is actual Good Feet Store sales and product-level gross margin. The 2026 FDD also states that franchisees must purchase all or nearly all operating inventory from affiliates or designated suppliers and estimates restricted purchases and leases at more than 65%–70% of total purchases and leases. That percentage is not a cost-of-goods ratio and was not used as one. Source: 2026 Franchise Disclosure Document, Item 8, pp. 16–22.
What should a buyer verify before relying on any earnings number?
For the 2026 U.S. franchise offer, a buyer should replace every external assumption with same-brand Store records whenever possible. Because Item 19 contains no financial performance representation, the scenario remains uncertain until comparable Good Feet franchisees provide actual operating evidence and the franchisor supplies any permissible written substantiation.
- Ask whether any written Item 19 supplement is available for a particular site or whether actual records can be provided for an existing Store under consideration.
- Request 24–36 months of monthly profit-and-loss statements from mature franchised Stores with similar market size, rent, Store age, and ownership structure.
- Verify Gross Sales, refunds, product cost, gross margin, payroll, occupancy, and advertising separately; do not accept a sales total as owner earnings.
- Obtain the local advertising budget and any approved alternative to the $10,000-or-20% minimum in writing.
- Confirm general-manager salary, payroll taxes, benefits, staffing count, owner work hours, and whether the Managing Owner will serve as general manager.
- Model interest, principal, working capital, replacement inventory, technology increases, remodel requirements, and capital expenditures outside operating earnings.
- Use Item 20 and Exhibit F to interview current and former franchisees, while recognizing that the FDD reports some franchisees have signed confidentiality restrictions.
The FTC Consumer’s Guide to Buying a Franchise explains how to review Item 19 and contact franchisees listed through Item 20. Brand identity and current consumer-facing operations can be checked through the official U.S. Good Feet website, while franchise-offer information belongs on the official Good Feet franchise information page.
What is the strongest defensible owner-earnings range?
For one U.S. franchised Store under the 2026 fee structure, the strongest defensible published range is approximately $5,000 to $141,000 in annual manager-run pre-tax owner earnings, with a base scenario of about $53,000. It is scenario-based, not official, derived, or reported by Good Feet Worldwide. An active owner replacing the full-time general manager may receive an estimated owner-operator benefit of approximately $93,000 to $229,000, but roughly $88,250 of each owner-operated figure represents labor value rather than passive residual profit.
The most important earnings driver is the interaction between product gross margin and the FDD’s local advertising formula. The largest unresolved uncertainty is the absence of current same-brand Gross Sales and profit data in Item 19. Before deciding, a buyer should verify any written substantiation, obtain comparable-store financial statements, and test the model against franchisee interviews covering sales, product margin, advertising approval, manager cost, occupancy, debt, and owner hours.