Bottom line
- Total investment $46K – $171K including a $50K franchise fee, 5.0% ongoing royalty.
- Average unit revenue of $30K/year (median $20K).
- Rated MODERATE with a risk score of 59/100. SBA loan default rate of 0.0% across 10 loans (below the industry average).
Item 1 · who you're contracting with
The Franchisor
Yale framework · single-unit ROIC
Returns Analysis
Pulls Item 7 (investment) and Item 19 (revenue) from this brand's FDD into the Yale unlevered-ROIC formula. Override any input to stress-test it against your own assumptions.
The model · Yale framework
What would one Aire-Master unit return on the cash you put in?
Unlevered ROIC · per unit
4%
Below typical band (30–60%)
Levered LBO scenario · Yale Crease Capital framing
What would 25 Aire-Master units return on equity?
Equity IRR · 5-yr
49.9%
7.57× MOIC
Year-1 DSCR
1.88×
EBITDA ÷ debt service
Equity required
$59K
on $297K purchase
Total debt
$238K
SBA $0.1M + senior + seller note
Overview
About
Aire-Master franchisees operate commercial odor control and air quality service businesses, servicing facilities such as restaurants, healthcare facilities, and industrial properties. Day-to-day operations typically involve equipment maintenance, chemical refill scheduling, customer service calls, and route management to maintain recurring revenue from installed odor-control systems.
Item 7 · what it costs
The Vitals
Item 19
Financial Performance
Item 20 · unit dynamics
The Growth Chart
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 16 states with active franchisees
The Territory Map
Derived from franchisee contact records. Shows states with at least one current operator — not where the franchisor is registered to sell new units (that data is re-extracting in a future refresh).
States derived from franchisee phone area codes (Item 20). Approximate — ported numbers may show the original state, not the franchisee's current location.
Government records
SBA Loan Data
Aggregated from SBA 7(a) loan disclosures, public data unique to FranchiseVerdict.
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Aire-Master presents meaningful caution-level risk due to undisclosed profitability, near-flat unit growth, questionable average revenue figures, and a fee structure that appears misaligned with actual franchisee earnings potential.
Score breakdown · what drove the 59 / 100 rating
- 01MEDNet income not disclosed in Item 19 — cannot validate profitability claims or ROI timeline
- 02MINORMinimal system growth (1.7% YoY) with only 124 units suggests stagnant or declining market demand
- 03MINORAverage revenue of $29,723 annually is extremely low — unclear if this is monthly or annual, raising disclosure concerns
- 04MINORHigh franchise fee ($50,000) relative to average reported revenue creates unfavorable payback ratio
- 05MINORRoyalty structure with $250 minimum monthly ($3,000 annually) represents 10%+ of average revenue for struggling units
- 06MINOR3-year term is shorter than industry standard (5-10 years), increasing renewal/replacement risk
- 07HIGHNo going concern statement but stagnant growth and undisclosed profitability warrant financial stability questions
Severity inferred from the FDD text · not a regulatory classification
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
Item 11
Training & Operations
Item 20
Franchisee Contacts
Phone numbers extracted directly from this brand's FDD Item 20. After purchase, you'll also receive a list of validation questions tailored to this brand.
Franchisee contacts
83 numbers
One-time purchase · CSV download · Validation questions included
FDD download
Aire-Master · FDD (2025) PDF