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Budget Blinds Franchise Cost, Revenue & Review 2026

Home ServicesCaliforniaFranchising since 1994
BAbove averageAbove average68/100Editorial grade from public filings; not investment advice.
Investment
$101K – $211K
Disclosed sales
$775K
gross sales, not profit
SBA charge-off
14.4%
on 366 loans

Investment, fees, disclosed sales, units, SBA record and risk, as one PDF. Free; no spam; one click to unsubscribe.

FV-00409FDD 2026Data QualityExcellent95%
Manager-run OKYes: Protected territory

Data from FDD filing + SBA 7(a) records

Analysis by FranchiseVerdict Research · Methodology

Budget Blinds is a mobile home-services franchise selling and installing window coverings, blinds, shades, shutters, and drapes, through in-home consultations. Franchisees run a branded van operation serving residential and commercial customers in an assigned territory.

FranchiseVerdict summary · 2026

A BUDGET BLINDS franchise requires a total initial investment of $101K – $211K, including a $20K franchise fee and an ongoing 3.5% royalty[2]. Per the 2026 FDD, average revenue per territory was $775K. This franchisor reports Item 19 per territory rather than per outlet, so the figure is not comparable with per-outlet averages[2]. SBA 7(a) loans show a 14.4% charge-off rate across 366 loans[1]. FranchiseVerdict grade: B (Above average), an editorial assessment, not investment advice. Run a live ROI scan →

Sources, dates and evidence

FDD issued: · Data extracted: · Last cited check: · Staleness risk: low - issued within the last 12 months

Evidence: strong✓ Investment (Item 7)✓ Item 19 status✓ Units and owners (Item 20)✓ SBA loan coverage✓ Litigation (Item 3)✓ Financial statements (Item 21)✓ Franchisor identityhow this is scored7 of 7 headline figures on this page cite a page of the filing.

Overview

Investment
$101K – $211K
35th pct Home Services
Avg gross sales
$775K
Per territory, not per outletOutlet subset
Royalty
3.5%
4th pct Home Services
Units
1,355
89th pct Home Services
SBA charge-off
14.4%
% of SBA 7(a) loans not repaid · median varies by category

Quick verdict · Home Services · color = vs category peers

Total Investment
$101K – $211K
Median $168K
near median
Franchise Fee
$20K – $20K
Median $50K
below median ↓, better than category
Liquid Capital Req'd
$25K – $40K
Median $29K
above median ↑, worse than category
Avg Revenue
$775K
Median $587K
Per territory, not per outletOutlet subset
Royalty Rate
3.5%
Median 6.0%
below median ↓, better than category
Ongoing Fees
3.5% of rev
Median 8.0%
below median ↓, better than category
SBA Charge-Off Rate
14.4%
366 loans · Median 15.4%
near median
System Size
1,355 units
Median 47 units
above median ↑, better than category
Turnover Rate
2.0%
Median 4.3%
below median ↓, better than category
Territory
Protected, not exclusive
Limits on the franchisor opening nearby; not an exclusive zone
Owner-Operator
Optional
Can hire a manager
Litigation
4 cases
Some history

Green = favorable by >10% vs Home Services median · No shading = within ±10% · Red = unfavorable by >10% · Source: FDD filings + SBA 7(a)

Data from public FDD filings and SBA records. Not financial advice. Methodology

Bottom line

  • COSTTotal investment $101K – $211K including a $20K franchise fee, 3.5% ongoing royalty.
  • RETURNSAverage revenue per territory of $775K/year (median $523K) (reported for a subset of outlets rather than the whole system). Averaged per territory, not per outlet - not comparable with per-outlet figures.
  • RISKVerdict B (Above average), verdict score 68/100 (higher is better). SBA loan charge-off rate of 14.4% across 366 loans (above the 16% franchise average, based on all SBA 7(a) franchise lending, 2010–2025).
  • GROWTHNegative: net -11 franchised outlets in the latest year (16 opened, 6 closed); 6 signed but not yet open (Item 20).
  • SCALEEstablished system with 1,355 units across 32 years of franchising. Strong brand recognition and operational playbook.

Item 1 · who you're contracting with

The Franchisor

Corporate structure & franchisor financials
Legal entity
Budget Blinds, LLC
Parent company
Home Franchise Concepts, LLC
FDD Item 1, page 8 of the 2026 FDD
Ultimate parent
JM Family Enterprises, Inc.
FDD Item 1, page 8 of the 2026 FDD
Predecessor
Budget Blinds, Inc.
Prior franchisor entity
CEO title
President
Heather Nykolaychuk
Incorporated in
California
HQ
19000 MacArthur Boulevard, Suite 100, Irvine, California 92612
Auditor
PricewaterhouseCoopers LLP
Audited financials
Franchisor revenue
$145.5M
vs $143.3M prior year

Same owner · FDD Item 1, page 8

8 other brands on this site name JM Family Enterprises, Inc. as parent or ultimate parent in their own FDD.

Portfolio: Home Franchise Concepts

Grouped by the owner's name as each filing prints it (this page: the 2026 FDD). Spelling variants of the same group may be listed apart; a brand is never grouped with an owner its filing does not name.

Overview

About

CEO
Heather Nykolaychuk
Headquarters
California
Founded
1992
FDD year
2026
States available
51

Can you afford it, and what does the money buy?

Entry cost is about typical for a home services franchise (near the category median).

Total investment (Item 7)$101K – $211KCited, not corroborated — printed on page 23 of the 2026 FDD (Item 7). Nothing else in our record independently restates or re-derives it.
Franchise fee$19,950Cited, not corroborated — printed on page 14 of the 2026 FDD (Item 5). Nothing else in our record independently restates or re-derives it.
Royalty3.5%Cited, not corroborated — printed on page 16 of the 2026 FDD (Item 6). Nothing else in our record independently restates or re-derives it.
Ad fundNot extracted
Working capital$25K – $40K

Source: FDD 2026 · Items 5–7

FDD Item 7 · 2026 filing

Initial investment breakdown

BUDGET BLINDS: Item 7 initial investment breakdown
Cost componentLowHigh
Initial franchise fee$20K$20K
Working capital (3–6 mo)$25K$40K
Equipment, build-out, other$56K$151K
Total initial investment$101K$211K

Source: BUDGET BLINDS 2026 FDD, Items 5 and 7[2]. “Equipment, build-out, other” is computed as total minus disclosed line items above.

Item 7 · what it costs to open + operate

The Vitals

Total investment
$101K – $211K
Top 40% of category vs category
Liquid capital req'd
$25K – $40K
Middle of category vs category
Franchise fee
$20K – $20K
Top 40% of category vs category
Royalty
3.5%
Set by a formula · typical 6–8%
Ad fund
Flat monthly National Advertising Fund payment: $1,000 (T…
Total fee load
3.5%
vs 9–13% typical

Ongoing fees · Item 6

BUDGET BLINDS: Item 6 recurring fees
FeeAmount
Royalty3.5% of gross sales
Technology fee$600
Transfer fee$5K
Renewal fee$5K
Total fee load3.5% of rev
Fee structure insight

A 3.5% total fee load is unusually lean. More of each revenue dollar stays with the franchisee.

What do units actually make?

Average unit sales run 32% above the home services norm.

Avg gross sales$775K

Averaged per territory, not per outlet - not comparable with per-outlet figures

Reported for a subset of outlets rather than the whole system

Cited, not corroborated — printed on page 49 of the 2026 FDD. Nothing else in our record independently restates or re-derives it.
Median gross sales$523KCited, not corroborated — printed on page 49 of the 2026 FDD. Nothing else in our record independently restates or re-derives it.
Item 19 typehistorical actual gross sa…
Sample size282 territories

Source: FDD 2026 · Item 19

Single-unit · not modelled

Returns at a glance

An FDD discloses gross sales, not profit, and the operating costs that turn one into the other are in no filing. We publish no modelled return for BUDGET BLINDS until someone supplies them — yours, in the models below.

—

Not modelled yet

An FDD discloses gross sales, not profit. We hold no sourced figure for ad fund rate, COGS, labour, rent / occupancy and other operating costs, and will not substitute an assumed one. Enter your own and the model runs on your assumptions.

Total invested capital · disclosed

$188K

Item 7 initial investment plus working capital, as filed — the one figure here that needs no assumption.

ROI & LBO modelsSingle-unit · 25-unit portfolio · editable
Blue values = direct from FDD (Item 7 investment, Item 19 revenue, Item 6 fees)Not set = no filing supplies it and we will not substitute one. Enter your own

What one unit earns on your invested capital

Model A · Single-Unit Return

Computes unlevered return on invested capital (ROIC) for a single franchise unit, read against the 30–60% reference band · Yale SOM, Post-MBA Path Exhibit 2 (2023). Below that band a passive index fund likely outperforms; above it the franchisor has pricing power you're subsidizing.

Note: Item 19 revenue is what the franchisor discloses, and it is the top line only — gross sales are not profit. No FDD discloses the operating costs that turn one into the other, so those fields start empty and nothing is modelled until you supply them from your own lease quote, labor market and build-out budget.

Returns model · single-unit ROIC

What would one BUDGET BLINDS unit return on the cash you put in?

From FDDNot set — you supply itYou overrode an FDD value
Revenue · per territory, per year (NOT per outlet)FDD
FDD Item 19 reports $774,915 per territory — not per outlet. Every other input below is for ONE unit; replace this with a single-unit figure before relying on the ROIC. — Reported for a subset of outlets rather than the whole system. Adjust to a franchisee figure before relying on this.
Franchisor take · royalty + ad fundFDD
typ 6–8%
typ 3–5%
Operating costs · not in any FDDnot set

Illustrative category typicals — not sourced to any filing, survey or sample. Replace them with figures from franchisee validation calls before you rely on the output.

Total invested capital · what you put in to openFDD
FDD Item 7: $101K–$211K (midpoint used)
FDD reports $25K–$40K

Unlevered ROIC · per unit

Your modelled return on total invested capital, before any debt financing.

—

An FDD discloses gross sales, not profit. We hold no sourced figure for ad fund rate, COGS, labour, rent / occupancy and other operating costs, and will not substitute an assumed one. Enter your own and the model runs on your assumptions.


Store EBITDA · annual
—
EBITDA margin
—
Total invested
$188K
Payback
—
Single-unit 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 point.

What 25 units return when you use SBA financing

Model B · Return on Equity: Debt-Financed Acquisition

Models a 25-unit portfolio acquisition financed with an SBA 7(a) loan. Shows equity IRR (your return on cash invested), DSCR (how safely the cash flow covers debt service), and the capital stack (SBA + seller + equity breakdown).

This is the “search fund” or “entrepreneurship through acquisition” scenario: you buy an existing multi-unit operator, use leverage to amplify returns, and either operate or hire management. The 25-unit size is the typical minimum for an SBA-backed franchise portfolio acquisition to pencil as a full-time income.

What “return on equity” means here: if you put in $500K of your own cash and the business generates enough EBITDA to pay down debt and grow, your equity IRR is the annual return on that $500K, including the value created when you eventually sell. Target IRR for a search fund is typically 25–35%.

Not modelled yet

An FDD discloses gross sales, not profit. We hold no sourced figure for ad fund rate, COGS, labour, rent / occupancy and other operating costs, and will not substitute an assumed one. Enter your own and the model runs on your assumptions.

A 25-unit return is built on a per-unit EBITDA. Fill in the operating costs in Model A above and this model runs on that figure, or take the whole scenario to the full ROI workbench, where the portfolio and LBO models accept your own per-unit economics directly.

These models are for research and scenario planning only. Not investment advice. Actual results depend on your specific location, management, and market conditions. Consult a franchise attorney and accountant before signing any franchise agreement.

Item 19 · Source: 2026 FDD

Financial Performance

Averaged per territory, not per outlet - not comparable with per-outlet figures

Reported for a subset of outlets rather than the whole system

Avg gross sales
$775K
Per territory, per year — not per outlet
Median gross sales
$523K
Per territory, not per outlet

Gross sales are revenue before expenses — not profit. Actual owner earnings depend on rent, labor, royalties, marketing fees, and debt service.

Item 19 type
historical actual gross sales by territory-count cohort (average, median, 25th/75th percentile, middle-50% average), FY2025 vs FY2024
Sample size
282 territories
vs category median 32 · large
Range (low → high)
$53K→$9.3MCited, not corroborated — printed on page 50 of the 2026 FDD. Nothing else in our record independently restates or re-derives it.
Cohort dispersion (min → max)
Quartile band
$341K→$921K
Bottom 25% → top 25%, per territory
Reporting year
2025
Fiscal year the figures cover
Source filing
FDD 2026
Disclosed in the 2026 filing, covering 2025
Transparency
4 / 10
vs category median 4 / 10 · typical
Gross sales rank
No comparison data
Investment cost rank35th
Lower investment ranks lower (better)
Royalty rate rank4th
Lower royalty = lower percentile (better)
Unit count rank89th
vs Home Services peers
Risk score rank27th
Lower risk = lower percentile (better)

Compared against 319 Home Services brands

Showing the headline figures — all 142 extracted fields are in the Full FDD Report · $19 →

Operator outlook

What the numbers say

Data-driven interpretation of this brand's financial disclosures, fee structure, and system trajectory.

Unit economics

The average territory generates $775K/year in gross sales. Median is $523K — top performers pull the average up, so a typical unit earns less. Reported for a subset of outlets rather than the whole system.

Fee burden

Total ongoing fee load of 3.5% — below the Home Services median of 8.0%.

Disclosure

Transparency score 4/10 — this franchisor discloses detailed breakdowns (quartiles, segments, or cohort data). Buyers can model unit economics with higher confidence.

Operator retention

System expanding at 13.5% CAGR over 3 years across 1,355 units — operators are staying and new ones are joining.

Multi-unit rate

54% of franchisees own multiple units — high repeat-buyer rate signals strong unit economics and operator satisfaction.

Source: FDD Item 19 financial performance representations and publicly filed FDD data. Past performance is not indicative of future results. Verify all figures with the franchisor and current franchisees before making any investment decision.

vs Home Services medians

How Budget Blinds Compares

Metric
Budget Blinds
Category median
vs median
Investment
$156K
$168Kmiddle half $122K–$232K · n=283
Near median
Revenue
$775K
$587Kmiddle half $376K–$1.3M · n=79
Not compared

Per territory, not per outlet - the category median is per-outlet only, so no comparison is shown

Unit Count
1,355
47middle half 14–137 · n=283
Above median, better than category

Category median of published Home Services brands that report the figure; the middle half spans the 25th to 75th percentile and n counts the brands behind it. Medians are used because a few very large systems pull an average far from the typical brand. Revenue is disclosed gross sales, not profit.

Is the system healthy?

Total units1,355Verified — printed on page 51 of the 2026 FDD (Item 20), and the table's own arithmetic closes on it two ways.
3-yr growth-0.8% (worth scrutinizing)
Turnover rate2.0% (favorable vs category)

Source: FDD 2026 · Item 20

Unit growth

Item 20 · unit dynamics

The Growth Chart

Total units
1,355
Opened
16
Last reporting year
Closed
6
Terminated
15
Franchisor ended the franchise (per Item 20)
Non-renewed
6
Term expired, not renewed (per Item 20)
Turnover rate
2.0%
Company-owned
0
Corporate units in the system
% franchised
100%
vs corporate-owned
Multi-unit owners
54.0%
Net growth (3-yr)
-0.8%
Net unit change over 3 years
3-yr CAGR
+13.5%
Compounded over last 3 years

Last fiscal year · Item 20 exits and transfers

Terminated
15
Not renewed
6
Transferred
97
Reacquired
0
Franchisor bought back
Signed, not yet open
6
0.00 per open outlet · Item 20 Table 5
Projected new
15
Franchisor's next-year forecast
2023
1,362
Franchised units
2024
1,366+4
Franchised units
2025
1,355-11
Franchised units

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

Item 20 · 51 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
Active operators · 51 states
No contacts on file

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.

Where the owners are · Item 20 owner list

912 current owners across 51 states; 26 former (terminated, transferred or not renewed) listed separately.

  • CA 106
  • FL 68
  • TX 68
  • PA 41
  • NY 40
  • OH 34
  • GA 29
  • NC 29
  • IL 28
  • WA 28
  • MA 27
  • MI 27
  • +39 more states

Counts only, from the list the franchisor prints in Item 20. Names and phone numbers are for your own due diligence and are not shown here.

SBA loan performance

Government records

SBA Loan Data

Aggregated from SBA 7(a) and 504 loan disclosures, public data unique to FranchiseVerdict.

C
SBA Lending Health
Average SBA lending record · 14.4% charge-off
Total loans
366
Loan volume
$114.3M
Median loan
$150K
50th percentile
Charge-off rate
14.4%
on 366 loans · 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)
85.6%
5-yr charge-off
3.6%
Loans approved 2021+
Active lenders
102
Defaults
29
Typical loan rate
7.5%
avg rate to borrowers
Franchised industry avg
16.1%
brand beats franchise avg ↓
Jobs supported
1,968
1.7 per loan
Lender concentration
22%
top lender's share

Borrower mix: 51% went to startups / new businesses, 49% to established operators

Franchise vs independent — in window treatment stores, franchised businesses charge off at 16.1% vs 29.1% for independents — franchising is associated with 45% lower SBA default risk in this category.

Vintage analysis

Budget Blinds charge-off rate by loan vintage

BrandNational avg
Budget Blinds charge-off rate by loan vintage. Showing 20 vintages from 2003 to 2023. Rates range from 0.0% to 60.0%.0%5%10%15%20%25%30%35%40%45%50%55%60%'03'06'09'13'16'19'22'23

Top lenders financing Budget Blinds franchisees

United Midwest Savings Bank National Association81 loans14.8%
Celtic Bank Corporation28 loans4.0%
Wells Fargo Bank National Association18 loans18.2%

Showing 3 of 102 lenders. The full breakdown — every lender, state distribution, interest rates & risk ratings — is in the SBA Lending Report below.

Explore lender portfolios on Bank Reports or regional data on State Reports.

Total loans
10
Loan volume
$4.6M
Charge-off rate
0.0%
Jobs created
38

Historical SBA 504 lending data via CDCs, not predictive of future performance.

Explore lender portfolios on Bank Reports or regional data on State Reports.

Lender network · 7(a) + 504

SBA Lending Report

Full lending analysis for Budget Blinds from SBA 7(a) FOIA data.

Principal loss rate
1.8%
Avg SBA guarantee
75%
Avg interest rate
7.47%
Avg chargeoff amount
$73K
Lender concentration
22.1%
Job velocity
1.7 per $100K
Startup risk premium
+9.2pp
NAICS benchmark
16.1%
NAICS 442291
Jobs supported
1,968

Top SBA lendersTop lender holds 22% of loans

#LenderLoansVolumeDefault %
1United Midwest Savings Bank National Association81$12.0M14.8%
2Celtic Bank Corporation28$4.4M4.0%
3Wells Fargo Bank National Association18$5.3M18.2%
4First Bank18$8.8M0.0%
5The Huntington National Bank17$5.7M0.0%
6Mission Valley Bank17$15.4M0.0%
7First Bank of the Lake12$4.2M20.0%
8Bank of America, National Association10$6.6M60.0%
9Stearns Bank National Association8$1.8M14.3%
10JPMorgan Chase Bank, National Association6$723K16.7%

Geographic failure vector

StateLoansDefaultsRate
TXTexas35520.8%
CACalifornia33317.6%
FLFlorida30425.0%
PAPennsylvania2000.0%
MNMinnesota18220.0%
WIWisconsin1700.0%
ILIllinois14110.0%
OHOhio1300.0%
MIMichigan1200.0%
IAIowa11112.5%

SBA 7(a) lending trend

1999
1
2000
1
2001
1
2002
2
2003
5
2004
6
2005
12
2006
11
2007
9
2008
6
2009
3
2010
1
2011
5
2012
3
2013
7
2014
10
2015
16
2016
17
2017
16
2018
18
2019
32
2020
31
2021
35
2022
33
2023
35
2024
25
2025
20
2026
5

Borrower profile

Startup104 (44%)
Ownership change62 (26%)
Existing (2+ yr)47 (20%)
New (< 2 yr)15 (6%)
Unanswered5 (2%)
Established (5+ yr)1 (0%)

Source: SBA 7(a) + 504 FOIA loan-level data, matched by FranchiseVerdict

What could kill this investment?

SBA loans charge off at 14.4% — 10% below the 16.0% national norm, i.e. lower lender-observed risk.

SBA charge-off14.4% · 366 loans
Verdict score68/100 (higher is better)
Litigation4 cases
Auditor going-concern doubtNo (favorable vs category)

Source: SBA 7(a) FOIA · FDD Items 3, 21

Risk analysis

FranchiseVerdict rating + FDD Items 3, 4, 8, 16, 21

Risk & Legal

BAbove average68Verdict score 68/100

Budget Blinds presents moderate-to-caution risk: a mature, slow-growing system with undisclosed profitability, active litigation, and high entry costs that limit visibility into realistic unit economics and franchisee satisfaction.

High confidence±4 pts
6472

Litigation (Item 3)

Subject: the franchisor is a named party (plaintiff).

One administrative consent order (2006, affiliate Aussie Pet Mobile, no monetary sanctions, Maryland franchise law violation) plus three franchisor suits against franchisees in the last fiscal year to collect royalty payments and fees (Michigan, Texas, Wisconsin, filed Jan-Nov 2025).

Bankruptcy (Item 4)

None disclosed

Audited financials (Item 21)

Yes · PricewaterhouseCoopers LLP

Franchisor revenue (Item 21)

Yr 1: $145.5MYr 2: $143.3MNon-royalty: $1.0M

Franchisor entity revenue (not unit-level)

ⓘ These are the parent company's consolidated financials (the parent guarantees the franchisor), not this brand's standalone results — the figure reflects the whole corporate group, not this brand alone.

Supplier relationship · Items 8 & 16

  • Franchisor sells you products: No
  • Kickbacks from required suppliers: Yes
  • Must buy proprietary products: Yes
  • Restricted to system-approved products: Yes
  • Can negotiate own supplier terms: No

Score breakdown · what drove the 68 / 100 verdict

  1. 01MINORStagnant unit growth (0.3% YoY) suggests market saturation or franchisee dissatisfaction in mature 1,366-unit system
  2. 02MINORTiered royalty structure with fixed fees ($1,250–$2,500/mo) creates burden for lower-revenue locations; breakeven analysis unclear
  3. 03HIGHActive litigation including franchisor collection suit against franchisee (GTHI, LLC) indicates payment/compliance disputes
  4. 04MINORHigh initial investment range ($100,500–$211,250) combined with lack of Item 19 net income data prevents ROI validation
  5. 05MINORProtected territory offers competitive advantage but does not offset opaque profitability metrics

Severity inferred from the FDD text · not a regulatory classification

Showing the headline figures — all 142 extracted fields are in the Full FDD Report · $19 →

Full litigation history from the FDD (Items 3 and 4) →

Litigation case detail4 matters · Item 3

Litigation cases

The franchisor

Status not stated in the filing (3)

  • Budget Blinds, LLC v. Eric J. Barenholtz et. al.

    Brought against a franchisee · filed 2025-01-30 · 6th Judicial Circuit Court, Oakland County, Michigan · 2025-212639CK

    “Budget Blinds, LLC v. Eric J. Barenholtz et. al., Case No. 2025-212639CK, 6th Judicial Circuit Court, Oakland County, Michigan, filed on January 30, 2025.”Page 14 of the 2026 FDD, Item 3
  • Budget Blinds, LLC v. Luis Angel Lopez Trevino et. al.

    Brought against a franchisee · filed 2025-04-04 · County Court, Hildago County, Texas · CL-25-1364-G

    “Budget Blinds, LLC v. Luis Angel Lopez Trevino et. al., Case No. CL-25-1364-G, County Court, Hildago County, Texas, filed on April 4, 2025.”Page 14 of the 2026 FDD, Item 3
  • Budget Blinds, LLC v. Marathon Dreams, Inc. et. al.

    Brought against a franchisee · filed 2025-11-24 · Circuit Court, Polk County, Wisconsin · 2025CV000334

    “Budget Blinds, LLC v. Marathon Dreams, Inc. et. al., Case No. 2025CV000334, Circuit Court, Polk County, Wisconsin, filed on November 24, 2025.”Page 14 of the 2026 FDD, Item 3

Parent, affiliates and predecessor

Concluded (1)

  • In the Matter of: Aussie Pet Mobile, Inc. and Ian Moses

    concluded

    Government or regulatory action · Aussie Pet Mobile, Inc. (affiliate per Item 1; 'while under previous ownership') and Ian Moses · Administrative Proceeding before the Securities Commissioner of Maryland (Securities Division of the Office of the Attorney General of Maryland) · 2004-0162 - 2005

    “In the Matter of: Aussie Pet Mobile, Inc. and Ian Moses (Administrative Proceeding before the Securities Commissioner of Maryland; Case No. 2004-0162 - 2005) On January 25, 2006, Aussie Pet Mobile, Inc., while under previous ownership, entered into a Consent Order with the Securities Division of the Office of the Attorney General of Maryland (the “Division”)”Page 14 of the 2026 FDD, Item 3

    Outcome:“While the Consent Order contained no monetary sanctions, it required the franchisor to cease and desist from the offer and sale of franchises in violation of the Maryland Franchise Law.”

Item 3 lists the litigation the franchisor must disclose; a matter against a parent, an affiliate or a named officer is not a matter against the franchisor, and pending claims are allegations, not findings.

What are you signing up for?

Ongoing fees run about 3.5% of sales (royalty + ad fund), before rent and labor.

Initial term10 yrs
Renewal term5 yrs
TerritoryProtected, not exclusive
Initial training81 hrs

Source: FDD 2026 · Items 11, 12, 17

FDD Items 12, 15, 17 · continued from Risk & Legal

Contract & Territory Detail

Initial term10 years
Renewal term5 years
Allowed renewalsℹ2
Territory typeProtected territory
Protected territoryYes
Exclusive territoryℹNo
Territory population30,000
Online sales rightsℹRestricted
Franchisor can competeYes
Hire a manager?Allowed
Owner-operatorOptional
Non-compete (years)ℹ2 years
Non-compete (miles)ℹ25 mi
Right of first refusalℹYes
Transfer requires consentYes
Termination notice30 days
Termination groundsℹ16
Curable defaultsℹ2
Mandatory arbitrationYes
Arbitration locationOrange County, California
Jury trial waiverYes
Governing lawCalifornia
Litigation count4
View Item 3 litigation summary

One administrative consent order (2006, affiliate Aussie Pet Mobile, no monetary sanctions, Maryland franchise law violation) plus three franchisor suits against franchisees in the last fiscal year to collect royalty payments and fees (Michigan, Texas, Wisconsin, filed Jan-Nov 2025).

Items 10, 11

Training & Operations

Classroom training
81 hrs
On-the-job training
0 hrs
Training location
Coppell, Texas (HFC Experience Center) plus virtual/HFCU online modules
Ongoing training
Required
Time to open
1 mo
From signing to launch
Site selection
franchisee
Franchisor financing
Not offered
Item 10
POS system
CRM System (proprietary, provided free of charge)
Operating tech stack

Items 5 & 11

Franchisor Support

✗Site selection assistance
✗Grand opening support
✗Lease negotiation help

Technology: CRM System (proprietary, provided free of charge)

Item 20 · call current owners

Franchisee Contacts

938 owners to call

Name · phone · city · state. Extracted from FDD Item 20

Unlock 938 contacts · $49
Free preview
(813) 839-••••FL
Unlock all 938 contacts
(319) 338-••••IA
(251) 948-••••AL
(570) 524-••••PA
(931) 488-••••TN

Frequently asked questions

Frequently Asked Questions

How much does it cost to open a BUDGET BLINDS franchise?

The total investment to open a BUDGET BLINDS franchise ranges from $101K – $211K, with an initial franchise fee of $20K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).

What do BUDGET BLINDS franchise owners earn?

According to Item 19 of the BUDGET BLINDS FDD, the average gross sales per unit is $775K. The median is $523K. Important context: Averaged per territory, not per outlet - not comparable with per-outlet figures; Reported for a subset of outlets rather than the whole system. Note: this is gross revenue, not profit. Actual owner earnings vary based on location, operating costs, and management.

Who owns BUDGET BLINDS?

BUDGET BLINDS is franchised by Budget Blinds, LLC. Its parent company is Home Franchise Concepts, LLC. The ultimate parent named in the FDD is JM Family Enterprises, Inc.. Source: FDD Item 1, 2026 filing.

What is Item 19 in the BUDGET BLINDS FDD?

The FDD section where a franchisor may disclose financial performance of its outlets. Disclosure is optional and formats vary; figures are typically gross sales, which is revenue before expenses, not profit. FranchiseVerdict extracts these figures directly from the BUDGET BLINDS FDD and qualifies whose outlets they describe.

What is BUDGET BLINDS's franchise failure rate?

Based on SBA 7(a) loan data, BUDGET BLINDS has a charge-off rate of 14.4% across 366 loans, meaning 14.4% 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 BUDGET BLINDS franchise locations are there?

As of their most recent FDD filing, BUDGET BLINDS has 1,355 total units in the United States, including 1,355 franchised units and 0 company-owned units. 16 new units were opened in the latest reporting year.

Is BUDGET BLINDS a good franchise to buy?

FranchiseVerdict rates BUDGET BLINDS as a B-grade franchise with a verdict score of 68 out of 100 (higher is better). The grade is a deterministic score built from six weighted dimensions — financial health, unit economics, unit growth, scale, legal, and transparency — then calibrated against SBA loan charge-off rates and FDD age. Transparency is one of the six, so a filing that discloses less scores lower on that dimension than one that discloses more. 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.

For franchisors

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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.