FranchiseVerdict
ASP - AMERICA’S SWIMMING POOL COMPANY logo
FV-00188·STRONGExcellent100

Asp - America’s Swimming Pool Company

Home Services - OtherFranchising since 2006Website
Investment
$84K – $210K
33rd pct Other
Avg revenue
$852K
34th pct Other
Royalty
7.0%
38th pct Other
Units
391
95th pct Other
SBA default
0.0%
vs <3% typical

Bottom line

  • Total investment $84K – $210K including a $40K franchise fee, 7.0% ongoing royalty.
  • Average unit revenue of $852K/year (median $573K). Estimated payback in 1.0 years.
  • Rated STRONG with a risk score of 39/100. SBA loan default rate of 0.0% across 60 loans (below the industry average).

Item 1 · who you're contracting with

The Franchisor

Legal entity
ASP Franchising SPE LLC
Parent company
Authority Brands, Inc.
Incorporated in
Delaware
HQ
7120 Samuel Morse Drive, Suite 300, Columbia, Maryland 21046
Auditor
PricewaterhouseCoopers LLP
Audited financials
Franchisor revenue
$219.1M
vs $226.4M 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 ASP - AMERICA’S SWIMMING POOL COMPANY unit return on the cash you put in?

Revenue · per unit, per year
$
FDD Item 19 reports $851,824
Franchisor take · royalty + ad fund
Royaltytyp 68%
%
Ad fundtyp 35%
%
Operating costs · category default: restoration
COGS
%
Labor
%
Rent / occupancy
%
Other operating
%
Total invested capital · what you actually put in
Initial investment
$
FDD Item 7: $84K–$210K
Working capital
$
FDD reports $16K–$16K

Unlevered ROIC · per unit

57%

In Yale's "attractive" band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$94K
EBITDA margin
11.0%
Total invested
$163K
Payback
21 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.

Levered LBO scenario · Yale Crease Capital framing

What would 25 ASP - AMERICA’S SWIMMING POOL COMPANY units return on equity?

Edit assumptions

Equity IRR · 5-yr

49.9%

7.57× MOIC

Year-1 DSCR

1.88×

EBITDA ÷ debt service

Equity required

$681K

on $3.4M purchase

Total debt

$2.7M

SBA $1.7M + senior + seller note

Overview

About

Franchisees operate mobile pool maintenance and cleaning services, servicing residential and commercial swimming pools in a protected territory. Daily operations include customer route scheduling, chemical balancing, equipment repair, and account management. Revenue is highly dependent on customer density and seasonal demand.

CEO
Stewart C. Vernon
Founded
2021
FDD year
2025
States available
25

Item 7 · what it costs

The Vitals

Total investment
$84K – $210K
All-in to open one unit
Liquid capital
$16K – $16K
Cash you must have on hand
Franchise fee
$40K
Royalty
7.0%
Percentage of Gross Revenue · typical 6–8%
Ad fund
1.0%
typical 3–5%
Total fee load
8.0%
vs 9–13% typical
Payback period
1.0 yrs
From v3 / Item 19

Item 19

Financial Performance

Avg gross sales
$852K
Per unit, per year
Median gross sales
$573K
Item 19 type
Gross Revenue and EBITDA
Sample size
124 units
vs category median 21 · large
Range (low → high)
$39K$3.9M
Cohort dispersion
Transparency
10 / 5
vs category median 4 / 5 · above
Revenue rank34th
vs Home Services - Other peers
Investment cost rank33th
Lower investment ranks lower (better)
Royalty rate rank38th
Lower royalty = lower percentile (better)
Unit count rank95th
vs Home Services - Other peers
Risk score rank2th
Lower risk = lower percentile (better)

Item 20 · unit dynamics

The Growth Chart

Total units
391
Opened
40
Last reporting year
Closed
24
Turnover rate
6.1%
Company-owned
0
Corporate units in the system
% franchised
100%
vs corporate-owned
Net growth (yr3)
+4.3%
Net unit change last year
3-yr CAGR
+7.4%
Compounded over last 3 years
2023
391+16
Franchised units
2024
375
Franchised units
2025
364
Franchised units

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

Item 20 · 25 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 · 25 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
60
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

39
Risk · 0-100
STRONG39 / 100

ASP presents moderate-to-caution risk due to undisclosed financial performance data, active litigation, anemic unit growth, and compressed profit margins relative to investment size.

Score breakdown · what drove the 39 / 100 rating

  1. 01HIGHActive litigation (April 2024) involving breach of contract and post-termination obligations suggests franchisor enforcement issues or franchisee disputes
  2. 02MINORSlow unit growth of 4.3% YoY in a mature 391-unit system indicates market saturation or franchisee underperformance
  3. 03MEDNo Item 19 (Financial Performance Representations) disclosed — cannot verify if average $146,355 net income is achievable for median franchisees
  4. 04MINORTiered royalty structure creates misalignment: franchisees earning $100k+ pay lower rates, suggesting franchisor may struggle at lower revenue tiers
  5. 05MINORHigh initial investment ($84k-$210k) relative to median net income ($146k) means 7-14 month payback period with zero margin for error

Severity inferred from the FDD text · not a regulatory classification

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

Contract & Territory Detail

Territory
Postal zip codes based on residential pool counts
Protected territory
Yes
Initial term
10 years
Renewal term
10 years
Online sales rights
Granted
Franchisor can compete
Yes
Hire a manager?
Allowed
Litigation count
1
Right of first refusal
Yes
Franchisor can buy back on resale
Mandatory arbitration
Yes
Jury trial waiver
Yes
Non-compete
2 yrs
Post-termination restriction
Owner-operator
Required
Governing law
Maryland

Item 11

Training & Operations

Classroom training
32 hrs
On-the-job training
64 hrs
POS system
Pool Brain
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

99 numbers

Locked
(914) 980-••••
NY
(704) 587-••••
NC
(813) 675-••••
FL

One-time purchase · CSV download · Validation questions included

FDD download

ASP - AMERICA’S SWIMMING POOL COMPANY · FDD (2025) PDF

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