FranchiseVerdict
Assett Commercial Services logo
FV-00189·MODERATEExcellent81

Assett Commercial Services

Formerly known as Asset Commercial Services

Cleaning - Commercial & JanitorialFranchising since 2022Website
Investment
$73K – $116K
27th pct Commercial & …
Avg revenue
$1.5M
55th pct Commercial & …
Royalty
7.0%
31st pct Commercial & …
Units
12
24th pct Commercial & …
SBA default

Bottom line

  • Total investment $73K – $116K including a $50K franchise fee, 7.0% ongoing royalty.
  • Average unit revenue of $1.5M/year.
  • Rated MODERATE with a risk score of 59/100.

Item 1 · who you're contracting with

The Franchisor

Legal entity
Assett Franchise, LLC
Parent company
Assett Holdings, LLC
Incorporated in
North Carolina
HQ
1214 Hendersonville Road, Asheville, North Carolina 28803

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 Assett Commercial Services unit return on the cash you put in?

Revenue · per unit, per year
$
FDD Item 19 reports $1,530,901
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: $73K–$116K
Working capital
$
FDD reports $10K–$20K

Unlevered ROIC · per unit

140%

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
$153K
EBITDA margin
10.0%
Total invested
$109K
Payback
9 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 Assett Commercial Services 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

$919K

on $4.6M purchase

Total debt

$3.7M

SBA $2.3M + senior + seller note

Overview

About

Assett Commercial Services appears to be a commercial facility management or asset/property services franchise. Franchisees likely manage maintenance, cleaning, inspections, or asset tracking for commercial clients, generating recurring revenue through service contracts and upsells.

CEO
Matt Pencarinha
Founded
2021
FDD year
2025
States available
8

Item 7 · what it costs

The Vitals

Total investment
$73K – $116K
All-in to open one unit
Liquid capital
$10K – $20K
Cash you must have on hand
Franchise fee
$50K
Royalty
7.0%
percentage of Gross Revenue · typical 6–8%
Ad fund
2.0%
typical 3–5%
Total fee load
9.0%
vs 9–13% typical

Item 19

Financial Performance

Avg gross sales
$1.5M
Per unit, per year
Median gross sales
Item 19 type
Actual Sales
Sample size
1 units
vs category median 32 · small
Transparency
3 / 5
vs category median 4 / 5 · below
Revenue rank55th
vs Cleaning - Commercial & Janitorial peers
Investment cost rank27th
Lower investment ranks lower (better)
Royalty rate rank31th
Lower royalty = lower percentile (better)
Unit count rank24th
vs Cleaning - Commercial & Janitorial peers
Risk score rank55th
Lower risk = lower percentile (better)

Item 20 · unit dynamics

The Growth Chart

Total units
12
Opened
1
Last reporting year
Closed
0
Turnover rate
0.0%
Company-owned
1
Corporate units in the system
% franchised
92%
vs corporate-owned
Net growth (yr3)
+10.0%
Net unit change last year
3-yr CAGR
Outlier (see FDD)
Likely small-sample artifact
2023
11+1
Franchised units
2024
10
Franchised units
2025
3
Franchised units

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

Item 20 · 15 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 · 15 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.

No SBA loan data available for this brand.

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

Risk & Legal

59
Risk · 0-100
MODERATE59 / 100

Going Concern status combined with undisclosed net income and minimal system growth presents material risk; revenue figures lack context without profit data.

Score breakdown · what drove the 59 / 100 rating

  1. 01MINORNo net income disclosure (Item 19) prevents ROI validation despite $1.53M avg revenue claim
  2. 02HIGHGoing Concern status indicates potential financial instability or structural issues at franchisor level
  3. 03MEDSmall unit count (12 locations) with modest 10% YoY growth suggests limited system traction and scalability risk
  4. 04MINORWide initial investment range ($72.7K-$116K) with 7%-3% tiered royalties lacks transparency on profitability drivers
  5. 05MINORModest unit growth and lack of financial performance data create uncertainty on franchisee payback period

Severity inferred from the FDD text · not a regulatory classification

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

Contract & Territory Detail

Territory
Area defined by zip codes or other geographic boundaries
Protected territory
Yes
Initial term
10 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
2 yrs
Post-termination restriction
Owner-operator
Optional
Governing law
North Carolina

Item 11

Training & Operations

Classroom training
32 hrs
On-the-job training
8 hrs
POS system
janitorial management software
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

17 numbers

Locked
(605) 773-••••
SD
(517) 373-••••
MI
(651) 296-••••
MN

One-time purchase · CSV download · Validation questions included

FDD download

Assett Commercial Services · FDD (2025) PDF

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