Blingle!Franchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
FranchiseVerdict summary · 2026
A Blingle! franchise requires a total initial investment of $173K – $227K, including a $60K franchise fee. Per the 2025 FDD, average unit revenue was $488K[2]. SBA 7(a) loans show a 6.3% charge-off rate across 49 loans[1]. Verdict grade: C. Run a live ROI scan →
Data last verified June 21, 2026 · figures per the 2025 FDD issuance
Overview
- Investment
- $173K – $227K
- 65th pct Home Services
- Avg gross sales
- $488K
- 16th pct Home Services
- Royalty
- N/A
- Units
- 78
- 48th pct Home Services
- SBA default
- 6.3%
- system-wide median varies by category
Quick verdict · Home Services · color = vs category peers
Green = >15% above Home Services avg · No shading = within ±15% · Red = >15% below avg · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
Franchised units fell from 106 to 78 over 3 years. Investigate why operators are leaving.
Bottom line
- Total investment $173K – $227K including a $60K franchise fee.
- Average unit revenue of $488K/year (median $364K).
- Verdict C (Average) with a risk score of 68/100. SBA loan charge-off rate of 6.3% across 49 loans (near or below the 16% franchise average, based on all SBA 7(a) franchise lending, 2010–2024).
- 45 units terminated last reporting year (57.7% of the system). Ask existing franchisees why.
Item 1 · who you're contracting with
The Franchisor
- Legal entity
- HPB Lighting LLC
- Parent company
- JEZ Investments LLC
- Predecessor
- Heroes Management Services
- Prior franchisor entity
- Incorporated in
- PA
- HQ
- 2525 N. 117th Avenue, Third Floor, Omaha, Nebraska 68164
- Auditor
- Forvis Mazars, LLP
- Audited financials
- Franchisor revenue
- $3.5M
- vs $2.2M prior year
Affiliated brands
- HorsePower Nation
- HPB Automotive Sales
- HPB Accounting
- HPB Lighting Holdings
- HPB Blinds and Shutters
Other brands the franchisor or its parent operates (Item 1).
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.
- CEO
- Anthony “Tony” Hulbert
- Headquarters
- NE
- Founded
- 2020
- FDD year
- 2025
- States available
- 14
FDD Item 7 · 2025 filing · 21 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| Initial Franchise Feenot refundable | $60K | $60K | |
| Insurance (90 days)not refundable | $3K | $10K | |
| Tuition Feenot refundable | $5K | $5K | |
| Travel and Living Expenses while Trainingnot refundable | $2K | $4K | |
| Opening Packagenot refundable | $9K | $12K | |
| Initial Inventorynot refundable | $10K | $15K | |
| Rent & Utilities (90 days)not refundable | $600 | $1K | |
| Vehiclesnot refundable | $15K | $17K | |
| Licenses Certificates and Permitsnot refundable | $0 | $3K | |
| Professional Feesnot refundable | $1K | $11K | |
| Technology Feenot refundable | $570 | $570 | |
| CRM Feenot refundable | $2K | $2K | |
| Special Software Feenot refundable | $900 | $900 | |
| Contact Center Feenot refundable | $1K | $4K | |
| Dues and Subscriptionsnot refundable | $0 | $1K | |
| Brand Marketing Feenot refundable | $16K | $16K | |
| Initial Marketing Expenditure and Local Advertising Expenditure (90 days)not refundable | $20K | $20K | |
| Digital Management Feenot refundable | $2K | $2K | |
| Accounting Services Feenot refundable | $2K | $2K | |
| ZeePartnerships Feenot refundable | $5K | $5K | |
| Total initial investment | $173K | $227K |
Line items extracted from FDD Item 7. Ranges reflect the franchisor's stated low and high per line. Total is the sum of line-item lows / highs — actual costs may fall outside this range depending on market and build-out scope.
Single-unit · estimated
Returns at a glance
Indicative numbers using FDD Item 7 / Item 19 inputs and category-benchmarked cost ratios. Full single-unit, 25-unit portfolio, and LBO models (with every input editable to stress-test your own scenario) live on the financials page.
Store EBITDA · annual
$49K
10.0% margin
Unlevered ROIC
21%
EBITDA / total invested capital
Payback
4.7 yrs
cash-on-cash, unlevered
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $173K – $227K
- Near category avg vs category
- Liquid capital req'd
- $20K – $40K
- Near category avg vs category
- Franchise fee
- $30K – $60K
- Near category avg vs category
- Royalty
- Tiered: 5% of Gross Revenue Collected for $0-$1,000,000; …
- Ad fund
- 3.0%
- typical 3–5%
- Total fee load
- 8.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Marketing / ad fund | 3.0% of gross sales |
| Technology fee | $190 |
| Transfer fee | $12K |
| Renewal fee | $12K |
| Inventory (initial) | $10K – $15K |
| Total fee load | 8.0% of rev |
Financial Performance
- Avg gross sales
- $488K
- Per unit, per year
- Median gross sales
- $364K
- Item 19 type
- gross_sales
- Sample size
- 18 units
- vs category median 25
- Range (low → high)
- $48K→$1.9M
- Cohort dispersion (min → max)
- Quartile band
- $129K→$926K
- Bottom 25% → top 25%
- Transparency tier
- full
- Categorical assessment of disclosure depth
- Reporting year
- 2024
- Fiscal year the figures cover
- Transparency
- 4 / 5
- vs category median 4 / 5 · typical
Compared against 349 Home Services brands
vs Home Services averages
How Blingle! Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 78
- Opened
- 21
- Last reporting year
- Closed
- 49
- Terminated
- 45
- Franchisor ended the franchise (per Item 20)
- Turnover rate
- 62.8%
- Company-owned
- 0
- Corporate units in the system
- % franchised
- 100%
- vs corporate-owned
- Net growth (yr3)
- -26.4%
- Net unit change last year
- 3-yr CAGR
- -31.0%
- Compounded over last 3 years
3-year detail · Item 20
- Closed (3yr)
- 28
- Transfers (3yr)
- 7
- Transfer rate
- 0.4%
- Owners selling to other franchisees
- Continuity rate
- 61.4%
- Units that stayed open
- Termination rate
- 2.2%
- Franchisor-initiated terminations
- Ceased ops
- 0.2%
- Units that stopped operating
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 14 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 contact records (FDD Item 20). Shows states with at least one current operator on file. Full state registration data (Item 12) will appear on a future FDD refresh.
Available to sell in · Item 12
- California
- Hawaii
- Indiana
- Maryland
- Michigan
States where the franchisor is registered to sell new franchises (FDD registration filings).
A system losing more than 10% of its units year-over-year is a red flag. Check whether closures are concentrated in specific regions.
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA 7(a) and 504 loan disclosures, public data unique to FranchiseVerdict.
- Total loans
- 49
- Loan volume
- $16.6M
- Median loan
- $427K
- 50th percentile
- Charge-off rate
- 6.3%
- rates vary by category · see methodology
Historical SBA 7(a) lending data, not predictive of future performance. How SBA charge-off rates are calculated
- Repayment rate (PIF)
- 93.8%
- 5-yr charge-off
- 6.3%
- Loans approved 2021+
- Active lenders
- 7
- Defaults
- 1
Explore lender portfolios on Bank Reports or regional data on State Reports.
Premium insight
SBA Lending Report
Deep-dive into Blingle!'s SBA lending history: lender network, geographic footprint, interest rates, and more.
SBA Lending Report
- Principal loss rate and NAICS industry benchmark
- 7 lenders with concentration factor
- Per-state charge-off rates across 15 states
- Startup risk premium and job creation velocity
- 3-year lending trend
Instant access. No subscription.
Risk analysis
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.
Litigation (Item 3)
1 case reference(s): 1 pending, 0 settled.
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Forvis Mazars, LLP
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Supplier relationship · Items 8 & 16
- Franchisor sells you products: No
- Must buy proprietary products: No
- Restricted to system-approved products: Yes
Score breakdown · what drove the 68 / 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
| Initial term | 10 years |
|---|---|
| Renewal term | 10 years |
| Allowed renewalsℹ | 1 |
| Territory type | Population-based |
| Protected territory | Yes |
| Territory population | 200,000 |
| Online sales rights | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Required |
| Non-compete (years)ℹ | 2 years |
| Right of first refusalℹ | Yes |
| Termination notice | 30 days |
| Termination groundsℹ | 1 |
| Curable defaultsℹ | 2 |
| Mandatory arbitration | Yes |
| Jury trial waiver | Yes |
| Governing law | Pennsylvania |
| Litigation count | 1 |
View Item 3 litigation summary
1 case reference(s): 1 pending, 0 settled.
Items 10, 11
Training & Operations
- Classroom training
- 144 hrs
- On-the-job training
- 20 hrs
- Training location
- On-site and off-site
- Franchisor financing
- Not offered
- Item 10
- POS system
- POS System
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: POS System
Item 20 · call current owners
Franchisee Contacts
23 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
Blingle! · FDD (2025) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Blingle! franchise?
The total investment to open a Blingle! franchise ranges from $173K – $227K, with an initial franchise fee of $60K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do Blingle! franchise owners earn?
According to Item 19 of the Blingle! FDD, the average gross sales per unit is $488K. The median is $364K. Note: this is gross revenue, not profit. Actual owner earnings vary based on location, operating costs, and management.
What is Blingle!'s franchise failure rate?
Based on SBA 7(a) loan data, Blingle! has a charge-off rate of 6.3% across 49 loans, meaning 6.3% of franchise loans were charged off. Charge-off rates are one proxy for franchise risk, though they do not capture all closures. This data comes from FOIA-sourced SBA lending records.
How many Blingle! franchise locations are there?
As of their most recent FDD filing, Blingle! has 78 total units in the United States, including 106 franchised units and 0 company-owned units. 21 new units were opened in the latest reporting year.
Is Blingle! a good franchise to buy?
FranchiseVerdict rates Blingle! as a C-grade franchise with a risk score of 68 out of 100, based on our analysis of investment costs, revenue data, SBA loan performance, and growth trends. Our rating is based solely on publicly available FDD and government data; we recommend speaking with current franchisees before making any investment decision. This is not investment advice.
Data sourced from public FDD filings and SBA 7(a) FOIA records. Not financial advice.
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Data extracted from public FDD filings and SBA 7(a) loan disclosures (FOIA). This information is provided for research purposes only and does not constitute financial, legal, or investment advice. Verify all figures with the franchisor's current Franchise Disclosure Document before making any investment decision.