Bottom line
- Total investment $173K – $227K including a $60K franchise fee.
- Average unit revenue of $488K/year (median $364K).
- Rated MODERATE with a risk score of 59/100. SBA loan default rate of 0.0% across 120 loans (below the industry average).
- System contracting at -31.0% CAGR over 3 years. Investigate whether closures are franchisor-driven (consolidation) or franchisee-driven (economics).
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 Blingle! unit return on the cash you put in?
Unlevered ROIC · per unit
30%
Below typical band (30–60%)
Levered LBO scenario · Yale Crease Capital framing
What would 25 Blingle! units return on equity?
Equity IRR · 5-yr
49.9%
7.57× MOIC
Year-1 DSCR
1.88×
EBITDA ÷ debt service
Equity required
$684K
on $3.4M purchase
Total debt
$2.7M
SBA $1.7M + senior + seller note
Overview
About
Blingle! franchisees operate a seasonal holiday lighting and decoration service, installing and managing exterior holiday displays for residential and commercial clients. Day-to-day activities include customer acquisition, design consultation, installation crew management, and holiday display removal/storage. Revenue is heavily concentrated in Q4 (September–December), requiring off-season cash flow management and service diversification.
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 · 17 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
Rapidly contracting franchise system (−26.4% YoY) facing active litigation, missing financial transparency (no Item 19), and uncertain franchisor viability—high risk of franchisor instability and franchisee failure.
Score breakdown · what drove the 59 / 100 rating
- 01MEDSystem contracting sharply: 26.4% unit decline YoY (78 units now) signals serious franchisee distress or poor system health
- 02HIGHActive litigation involving parent company ownership/governance creates uncertainty about franchisor stability and decision-making authority
- 03MEDNo Item 19 (Average Unit Volume) disclosed despite $488K average revenue claim — prevents verification of profitability and franchisee sustainability
- 04MINORTiered royalty structure with $500/month minimum may be unsustainable for struggling franchisees in declining system
- 05HIGHGoing Concern status = FALSE is ambiguous; if this means franchisor lacks going concern, indicates serious financial distress
- 06MEDHigh initial investment ($172-227K) relative to disclosed average revenue ($488K) with unknown net income creates ROI opacity
- 07MINORSeasonality risk: holiday decoration business has concentrated revenue window; no disclosure of off-season sustainability
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
35 numbers
One-time purchase · CSV download · Validation questions included
FDD download
Blingle! · FDD (2025) PDF