FranchiseVerdict
AmeriSpec logo
FV-00130·MODERATEExcellent81

AmeriSpec

Automotive - Repair & ServiceFranchising since 1988Website
Investment
$76K – $93K
19th pct Repair & Serv…
Avg revenue
54th pct Repair & Serv…
Royalty
Units
105
60th pct Repair & Serv…
SBA default
0.0%
vs <3% typical

Bottom line

  • Total investment $76K – $93K including a $40K franchise fee.
  • No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
  • Rated MODERATE with a risk score of 63/100. SBA loan default rate of 0.0% across 17 loans (below the industry average).
  • System contracting at -33.5% CAGR over 3 years. Investigate whether closures are franchisor-driven (consolidation) or franchisee-driven (economics).

Item 1 · who you're contracting with

The Franchisor

Legal entity
TCB AmeriSpec, LLC
Parent company
TCB Services HoldCo, LLC
Incorporated in
Delaware
HQ
57 Germantown Ct. Suite 201, Cordova, Tennessee 38018
Auditor
Forvis Mazars, LLP
Audited financials
Franchisor revenue
$6.2M
vs $9.2M prior year

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 AmeriSpec unit return on the cash you put in?

Revenue · per unit, per year
$
Item 19 not disclosed — typing your own estimate
Franchisor take · royalty + ad fund
Royaltytyp 68%
%
Ad fundtyp 35%
%
Operating costs · category default: automotive
COGS
%
Labor
%
Rent / occupancy
%
Other operating
%
Total invested capital · what you actually put in
Initial investment
$
FDD Item 7: $76K–$93K
Working capital
$
FDD reports $20K–$25K

Unlevered ROIC · per unit

112%

Above typical band (30–60%)

0%30–60% Yale band80%
ROIC above 100% usually means the revenue figure is a system-wide aggregate or top-cohort number rather than a single-unit average. Verify the "Revenue · per unit" field against the brand's FDD Item 19 detail tables before relying on this output.

Store EBITDA · annual
$120K
EBITDA margin
16.0%
Total invested
$107K
Payback
11 mo
Unit-level only. A multi-unit portfolio gives up roughly 5–15% of this to shared services (corporate G&A) before reaching the ~10-unit break-even Yale describes.

Overview

About

AmeriSpec franchisees operate as home inspection service providers, conducting pre-purchase property evaluations for buyers, sellers, and real estate agents. Daily operations involve scheduling inspections, performing on-site structural and systems assessments, generating detailed inspection reports, and managing client relationships across a protected territorial market.

CEO
Chris Gammill
Founded
1988
FDD year
2025
States available
33

Item 7 · what it costs

The Vitals

Total investment
$76K – $93K
All-in to open one unit
Liquid capital
$20K – $25K
Cash you must have on hand
Franchise fee
$40K
Royalty
Greater of 7% of monthly Gross Receipts or minimum of $28…
Ad fund
3.0%
typical 3–5%
Total fee load
10.0%
vs 9–13% typical

Item 19

Financial Performance

This franchisor did not disclose financial performance representations in Item 19, or our extractor could not parse them.

Item 20 · unit dynamics

The Growth Chart

Total units
105
Opened
5
Last reporting year
Closed
39
Turnover rate
37.1%
Company-owned
0
Corporate units in the system
% franchised
100%
vs corporate-owned
Net growth (yr3)
-26.1%
Net unit change last year
3-yr CAGR
-33.5%
Compounded over last 3 years
2023
105-37
Franchised units
2024
142
Franchised units
2025
158
Franchised units

Year-over-year franchised unit counts and net change. Source: FDD Item 20.

Item 20 · 37 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).

AK
ME
VT
NH
MA
RI
CT
NY
NJ
PA
DE
MD
DC
WA
OR
CA
NV
ID
MT
WY
UT
CO
AZ
NM
ND
SD
NE
KS
OK
TX
MN
IA
MO
AR
LA
WI
IL
MS
TN
MI
IN
KY
AL
OH
WV
GA
VA
NC
SC
FL
HI
Registered · 37 states
Not registered

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.

Total loans
17
Loan volume
Avg loan
Default rate
0.0%
vs <3% typical · system-wide
5-yr default

FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17

Risk & Legal

63
Risk · 0-100
MODERATE63 / 100

AmeriSpec presents high risk due to accelerating unit decline, financial opacity, and unclear franchisor viability, making it difficult to project franchisee success or ROI.

Score breakdown · what drove the 63 / 100 rating

  1. 01MEDSevere unit decline of 26.1% year-over-year indicates system contraction and potential franchisee dissatisfaction
  2. 02MEDNo Item 19 financial performance data disclosed prevents ROI validation and creates opacity around actual earnings potential
  3. 03MINORLow initial investment ($76-93K) combined with 7% royalty + $280/month minimum suggests thin margins in a competitive home inspection market
  4. 04HIGHGoing Concern status is False, raising questions about franchisor stability and long-term support infrastructure
  5. 05MINOR105 remaining units suggests a shrinking franchise system vulnerable to further attrition and loss of brand recognition

Severity inferred from the FDD text · not a regulatory classification

FDD Items 5, 6, 12, 17 · continued from Risk & Legal

Contract & Territory Detail

Territory
Zip codes / Real Estate Transactions
Protected territory
Yes
Initial term
5 years
Renewal term
5 years
Online sales rights
Granted
Franchisor can compete
Yes
Hire a manager?
Allowed
Litigation count
0
Right of first refusal
Yes
Franchisor can buy back on resale
Mandatory arbitration
Yes
Jury trial waiver
Yes
Non-compete
1 yrs
Post-termination restriction
Owner-operator
Optional
Governing law
Tennessee

Item 11

Training & Operations

Classroom training
131 hrs
On-the-job training
30 hrs
POS system
AmeriSpec Management System (AMS)
Operating tech stack

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

97 numbers

Locked
(708) 600-••••
IL
(817) 329-••••
TX
(612) 402-••••
MN

One-time purchase · CSV download · Validation questions included

FDD download

AmeriSpec · FDD (2025) PDF

Single-page checkout · instant download · CSV export of contacts available separately above