FranchiseVerdict
Boulder Designs® logo
FV-00374·STRONGExcellent86

Boulder Designs®

Home Services - Lawn & LandscapingFranchising since 2017Website
Investment
$148K – $173K
54th pct Lawn & Landsc…
Avg revenue
79th pct Lawn & Landsc…
Royalty
Units
82
67th pct Lawn & Landsc…
SBA default
0.0%
vs <3% typical

Bottom line

  • Total investment $148K – $173K including a $63K franchise fee.
  • No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
  • Rated STRONG with a risk score of 54/100. SBA loan default rate of 0.0% across 17 loans (below the industry average).
  • No Item 19 financial performance representation. Without franchisor-disclosed revenue data, you'll need to gather unit economics directly from existing franchisees.

Item 1 · who you're contracting with

The Franchisor

Legal entity
BOULDER DESIGNS FRANCHISING, LLC
Incorporated in
Texas
HQ
2324 N. Robinson Drive, Waco, Texas 76706
Auditor
JRBT, PC
Audited financials
Franchisor revenue
$2.3M
vs $2.8M 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 Boulder Designs® 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: restoration
COGS
%
Labor
%
Rent / occupancy
%
Other operating
%
Total invested capital · what you actually put in
Initial investment
$
FDD Item 7: $148K–$173K
Working capital
$
FDD reports $4K–$9K

Unlevered ROIC · per unit

58%

In Yale's "attractive" band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$98K
EBITDA margin
13.0%
Total invested
$167K
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.

Overview

About

Boulder Designs franchisees operate interior design or home décor retail/service businesses, likely offering custom design consultation, product selection, and installation services to residential clients. Day-to-day work involves client consultations, design proposals, vendor coordination, and project management within a protected territory.

CEO
Frank J. “Butch” Mogavero
Founded
2017
FDD year
2026
States available
33

Item 7 · what it costs

The Vitals

Total investment
$148K – $173K
All-in to open one unit
Liquid capital
$4K – $9K
Cash you must have on hand
Franchise fee
$63K
Royalty
Greater of 7% of Collected Gross Revenue or minimum month…
Ad fund
0.0%
typical 3–5%
Total fee load
7.0%
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
82
Opened
17
Last reporting year
Closed
12
Turnover rate
14.6%
Company-owned
0
Corporate units in the system
% franchised
100%
vs corporate-owned
Net growth (yr3)
+6.5%
Net unit change last year
3-yr CAGR
-2.4%
Compounded over last 3 years
2024
82+5
Franchised units
2025
77
Franchised units
2026
84
Franchised units

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

Item 20 · 34 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 · 34 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

54
Risk · 0-100
STRONG54 / 100

Boulder Designs presents caution-level risk due to undisclosed financials, litigation history involving deceptive practices, stagnant unit growth, and ambiguous franchisor financial health—requiring extensive validation from current franchisees before commitment.

Score breakdown · what drove the 54 / 100 rating

  1. 01MINORNo financial performance disclosure (Item 19) prevents ROI validation against $147k-$173k investment
  2. 02MINORDeceptive trade practices lawsuit by former franchisee signals potential misrepresentation in FDD or recruitment
  3. 03MINORThree franchisor lawsuits against franchisees indicate enforcement issues, trade secret disputes, and possible financial underperformance
  4. 04MINORSlow unit growth (6.5% YoY) with only 82 units suggests market saturation or franchisee dissatisfaction
  5. 05MINOREscalating minimum royalty fees ($750→$950→$1,500) combined with 7% gross revenue floor creates unpredictable cost structure
  6. 06HIGHGoing Concern marked FALSE is atypical for healthy franchise systems and may indicate franchisor financial instability
  7. 07MINORHigh franchise fee ($63,000) relative to system size and growth rate increases breakeven burden

Severity inferred from the FDD text · not a regulatory classification

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

Contract & Territory Detail

Territory
County or population-based
Protected territory
Yes
Initial term
10 years
Renewal term
10 years
Online sales rights
Restricted
Franchisor can compete
Yes
Hire a manager?
Allowed
Litigation count
4
Right of first refusal
Yes
Franchisor can buy back on resale
Mandatory arbitration
No
Jury trial waiver
Yes
Non-compete
3 yrs
Post-termination restriction
Owner-operator
Optional
Governing law
Texas

Item 11

Training & Operations

Classroom training
18 hrs
On-the-job training
20 hrs
POS system
QuickBooks
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

93 numbers

Locked
(417) 880-••••
MO
(432) 556-••••
TX
(661) 805-••••
SD

One-time purchase · CSV download · Validation questions included

FDD download

Boulder Designs® · FDD (2026) PDF

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