EverLine Coatings and Services Franchise Cost, Revenue & Review 2026
- Investment
- $184K – $319K
- Disclosed sales
- $672K
- gross sales, not profit
- SBA charge-off
- Limited · 94 loans
Data from FDD filing + SBA 7(a) records
Analysis by FranchiseVerdict Research · Methodology
EverLine Coatings and Services is a home- and commercial-services franchise providing parking-lot line striping, pavement maintenance, and protective coatings. Franchisees run a crew-based operation serving commercial properties in a territory.
FranchiseVerdict summary · 2026
A EverLine Coatings and Services franchise requires a total initial investment of $184K – $319K, including a $60K franchise fee and an ongoing 6.0% royalty[2]. Per the 2026 FDD, average revenue per franchisee was $672K. This franchisor reports Item 19 per franchisee rather than per outlet, so the figure is not comparable with per-outlet averages[2]. 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 scored8 of 8 headline figures on this page cite a page of the filing.
Overview
- Investment
- $184K – $319K
- 74th pct Home Services
- Avg gross sales
- $672K
- Per franchisee, not per outlet
- Royalty
- 6.0%
- 21st pct Home Services
- Units
- 87
- 55th pct Home Services
- SBA charge-off
- N/A
Quick verdict · Home Services · color = vs category peers
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 $184K – $319K including a $60K franchise fee, 6.0% ongoing royalty.
- RETURNSAverage revenue per franchisee of $672K/year (median $571K). Averaged per franchisee, not per outlet - not comparable with per-outlet figures.
- RISKVerdict B (Above average), verdict score 63/100 (higher is better).
- GROWTHPositive: net +9 franchised outlets in the latest year (18 opened, 9 closed); 12 signed but not yet open (Item 20).
- FLAG9 units terminated last reporting year (10.3% of the system). Ask existing franchisees why.
Item 1 · who you're contracting with
The Franchisor
Corporate structure & franchisor financials
- Legal entity
- EverLine Franchising US, Inc.
- Parent company
- EverLine Holdings Aggregator, LLC
- FDD Item 1, page 8 of the 2026 FDD
- Ultimate parent
- Red Iron Group (RIG Franchise Holdings, LLC)
- FDD Item 1, page 8 of the 2026 FDD
- Predecessor
- or other affiliates that we are required to disclose in this Item
- Prior franchisor entity
- CEO title
- Director and President
- John Evans
- CEO experience
- 2021 yrs
- Years in role or industry
- Founder active
- Yes
- Original founder still leading the business
- Incorporated in
- TX
- HQ
- 9960 Bammel North Houston Rd., Houston, TX 77086
- Auditor
- WithumSmith+Brown, PC
- Audited financials
- Franchisor revenue
- $7.0M
- vs $5.6M prior year
- Management churn noted
- Frequent turnover
- Item 2 disclosed frequent executive changes
Affiliated brands
- EverLine Franchising Ltd
- EverLine Asset Management US
- TBL Durables US
- through common ownership under Red Iron Group
- TBL Durables
Other brands the franchisor or its parent operates (Item 1).
Overview
About
- CEO
- John Evans
- Headquarters
- TX
- Founded
- 2021
- FDD year
- 2026
- States available
- 35
Can you afford it, and what does the money buy?
Entry cost runs 50% above the typical home services franchise.
Source: FDD 2026 · Items 5–7
FDD Item 7 · 2026 filing
Initial investment breakdown
| Cost component | Low | High |
|---|---|---|
| Initial franchise fee | $60K | $60K |
| Working capital (3–6 mo) | $50K | $80K |
| Equipment, build-out, other | $74K | $180K |
| Total initial investment | $184K | $319K |
Source: EverLine Coatings and Services 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
- $184K – $319K
- Bottom third — review vs category
- Liquid capital req'd
- $50K – $80K
- Bottom third — review vs category
- Franchise fee
- $60K – $60K
- Middle of category vs category
- Royalty
- 6.0%
- typical 6–8%
- Ad fund
- 2.0%
- typical 3–5%
- Total fee load
- 8.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 6.0% of gross sales |
| Marketing / ad fund | 2.0% of gross sales |
| Technology fee | $285 |
| Training fee | $4K |
| Transfer fee | $10K |
| Renewal fee | $10K |
| Total fee load | 8.0% of rev |
What do units actually make?
Average unit sales run 14% above the home services norm.
Averaged per franchisee, not per outlet - not comparable with per-outlet figures
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 EverLine Coatings and Services 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 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
$316K
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
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 EverLine Coatings and Services unit return on the cash you put in?
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.
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 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.
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 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 franchisee, not per outlet - not comparable with per-outlet figures
- Avg gross sales
- $672K
- Per franchisee, per year — not per outlet
- Median gross sales
- $571K
- Per franchisee, 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
- gross sales by quartile (US Businesses, FY2025)
- Sample size
- 54 franchisees
- vs category median 32
- Range (low → high)
- $212K→$1.7MCited, not corroborated — printed on page 73 of the 2026 FDD. Nothing else in our record independently restates or re-derives it.
- Cohort dispersion (min → max)
- Quartile band
- $338K→$1.1M
- Bottom 25% → top 25%, per franchisee
- Reporting year
- 2025
- Fiscal year the figures cover
- Source filing
- FDD 2026
- Disclosed in the 2026 filing, covering 2025
- Transparency
- 6 / 10
- vs category median 4 / 10 · above
Compared against 319 Home Services brands
Operator outlook
What the numbers say
Data-driven interpretation of this brand's financial disclosures, fee structure, and system trajectory.
Unit economics
The average franchisee generates $672K/year in gross sales. Median is $571K — top performers pull the average up, so a typical unit earns less.
Fee burden
Total ongoing fee load of 8.0% (near the Home Services median).
Disclosure
Transparency score 6/10 — this franchisor discloses detailed breakdowns (quartiles, segments, or cohort data). Buyers can model unit economics with higher confidence.
Operator retention
System expanding at 64.2% CAGR over 3 years across 87 units — operators are staying and new ones are joining.
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 EverLine Coatings and Services Compares
Per franchisee, not per outlet - the category median is per-outlet only, so no comparison is shown
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?
Source: FDD 2026 · Item 20
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 87
- Opened
- 18
- Last reporting year
- Closed
- 9
- Terminated
- 9
- Franchisor ended the franchise (per Item 20)
- Non-renewed
- 0
- Term expired, not renewed (per Item 20)
- Turnover rate
- 10.3%
- Company-owned
- 0
- Corporate units in the system
- % franchised
- 100%
- vs corporate-owned
- Net growth (3-yr)
- +64.2%
- Net unit change over 3 years
- 3-yr CAGR
- +64.2%
- Compounded over last 3 years
Last fiscal year · Item 20 exits and transfers
- Terminated
- 9
- Not renewed
- 0
- Transferred
- 1
- Reacquired
- 0
- Franchisor bought back
- Signed, not yet open
- 12
- 0.14 per open outlet · Item 20 Table 5
- Projected new
- 12
- Franchisor's next-year forecast
- Transfer rate
- 2.5%
- Owners selling to other franchisees
- Termination rate
- 8.7%
- Franchisor-initiated terminations
- Ceased ops
- 10.0%
- Units that stopped operating
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 12 · 35 states reported
The Territory Map
FDD Item 12 reports the state count, but the specific list isn't in our current data. The map will appear once we re-extract from the FDD or enough franchisee contacts are available.
35
states with franchisees (per FDD Item 12)
Fast growth in a small system. Newer franchisors expanding quickly may not yet have the support infrastructure of larger systems.
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA 7(a) and 504 loan disclosures, public data unique to FranchiseVerdict.
- Total loans
- 94
- Loan volume
- $20.5M
- Median loan
- $254K
- 50th percentile
- Charge-off rate
- Limited · 94 loans
- Limited SBA coverage: 94 loans, rate hidden until 10 have resolved and loans reach 2% of franchised units
Historical SBA 7(a) lending data, not predictive of future performance. How SBA charge-off rates are calculated
- Repayment rate (PIF)
- Limited · 94 loans
- 5-yr charge-off
- 0.0%
- Loans approved 2021+
- Active lenders
- 13
- Defaults
- 0
- Typical loan rate
- 9.7%
- avg rate to borrowers
- Franchised industry avg
- 12.4%
- n=601 loans
- Jobs supported
- 833
- 4.2 per loan
- Lender concentration
- 77%
- top lender's share
Borrower mix: 98% went to startups / new businesses, 2% to established operators
Franchise vs independent — in all other specialty trade contractors, franchised businesses charge off at 12.4% vs 16.4% for independents — franchising is associated with 24% lower SBA default risk in this category.
Top lenders financing EverLine Coatings and Services franchisees
Showing 3 of 13 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.
Lender network · 7(a) + 504
SBA Lending Report
Full lending analysis for EverLine Coatings and Services from SBA 7(a) FOIA data.
- Principal loss rate
- 0.0%
- Avg SBA guarantee
- 65%
- Avg interest rate
- 9.72%
- Lender concentration
- 77.3%
- Job velocity
- 4.2 per $100K
- NAICS benchmark
- 0.9%
- NAICS 238990
- Jobs supported
- 833
Top SBA lendersTop lender holds 77% of loans
| # | Lender | Loans | Volume | Default % |
|---|---|---|---|---|
| 1 | The Huntington National Bank | 68 | $13.2M | 0.0% |
| 2 | First Bank of the Lake | 9 | $3.2M | 0.0% |
| 3 | Isabella Bank | 2 | $320K | N/A |
| 4 | Zions Bank, A Division of | 1 | $291K | N/A |
| 5 | Magnifi Financial CU | 1 | $478K | N/A |
| 6 | Leader Bank, National Association | 1 | $350K | N/A |
| 7 | CDC Small Business Finance Corp. | 1 | $350K | N/A |
| 8 | Capital Bank, National Association | 1 | $220K | N/A |
| 9 | Live Oak Banking Company | 1 | $350K | N/A |
| 10 | Bankwell Bank | 1 | $350K | N/A |
Geographic failure vector
| State | Loans | Defaults | Rate |
|---|---|---|---|
| TXTexas | 15 | 0 | 0.0% |
| OHOhio | 10 | 0 | -- |
| CACalifornia | 7 | 0 | 0.0% |
| NJNew Jersey | 7 | 0 | 0.0% |
| AZArizona | 6 | 0 | -- |
| COColorado | 5 | 0 | -- |
| PAPennsylvania | 5 | 0 | 0.0% |
| MIMichigan | 4 | 0 | -- |
| OKOklahoma | 4 | 0 | -- |
| FLFlorida | 3 | 0 | 0.0% |
SBA 7(a) lending trend
Borrower profile
Source: SBA 7(a) + 504 FOIA loan-level data, matched by FranchiseVerdict
What could kill this investment?
Source: SBA 7(a) FOIA · FDD Items 3, 21
Risk analysis
FranchiseVerdict rating + FDD Items 3, 4, 8, 16, 21
Risk & Legal
Rapid unit growth masking transparency gaps (no earnings disclosure), active litigation over termination practices, and franchisor financial stress present meaningful risks for capital deployment.
Litigation (Item 3)
Subject: the franchisor is a named party (defendant).
Two pending Item 3 cases: (1) Five Two Enterprises, LLC v. EverLine Franchising US, Inc. v. Ryan Rainey (Denton County, TX) - former franchisee sued for declaratory judgment/breach of contract over alleged wrongful termination, seeking >$525,000; franchisor counterclaimed for ~$250,000. (2) Tobbie May v. EverLine Franchising US, Inc. (Harris County, TX) - franchisee alleges breach of contract, statutory fraud, and DTPA violations over territory/customer disputes, seeking reliance/economic/expectation damages plus treble damages. Both cases pending, no settlements reported.
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · WithumSmith+Brown, PC
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Item 21 states audited financial statements as of December 31, 2025 (FYE 12/31), 2024, and 2023 are attached as Exhibit F, but the Exhibit F statement pages are scanned images and no balance-sheet/income figures are present in the extracted text, so franchisor assets/liabilities/net worth/revenue/net income and auditor name could not be extracted. Franchisor is EverLine Franchising US, Inc. (Calgary/Delaware; parent EverLine Holdings Aggregator, LLC / Red Iron Group PE). State cover-page risk factor discloses NEGATIVE EQUITY (most recent audited statements: liabilities exceed assets) and a Financial Condition risk factor questioning the franchisor's ability to provide support. Item 19 figures reported here are annual whole-unit Gross Sales for the cohort of all 54 US Businesses open and operating full-time the entire 2025 calendar year (avg $671,949; median $570,517; high $1,708,770; low $212,430). Top/bottom quartile values are the average Gross Sales of the Top Quarter ($1,125,860) and Bottom Quarter ($337,734) US subsets. A separate 16-unit Canadian cohort is also disclosed (avg $827,459; CAD converted to USD at 2025 avg rate 1 USD = 1.3977 CAD).
ⓘ 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: Yes
- Kickbacks from required suppliers: Yes
- Must buy proprietary products: Yes
- Restricted to system-approved products: Yes
- Can negotiate own supplier terms: Yes
Score breakdown · what drove the 63 / 100 verdict
- 01HIGHActive litigation with former franchisee alleging wrongful termination raises questions about franchise agreement enforcement, support, and dispute resolution fairness
- 02MINORHigh unit growth rate (45.5% YoY) on a small base (80 units) suggests either aggressive recruiting or potential for rapid contraction if growth momentum slows
Severity inferred from the FDD text · not a regulatory classification
What are you signing up for?
Ongoing fees run about 8.0% of sales (royalty + ad fund), before rent and labor.
Source: FDD 2026 · Items 11, 12, 17
FDD Items 12, 15, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 10 years |
|---|---|
| Renewal term | 10 years |
| Allowed renewalsℹ | 2 |
| Territory type | Protected territory |
| Protected territory | Yes |
| Exclusive territoryℹ | No |
| Territory population | 350,000 |
| Online sales rightsℹ | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Optional |
| Non-compete (years)ℹ | 2 years |
| Non-compete (miles)ℹ | 25 mi |
| Right of first refusalℹ | Yes |
| RoFR response window | 30 days |
| Transfer requires consent | Yes |
| Termination notice | 30 days |
| Termination groundsℹ | 13 |
| Curable defaultsℹ | 4 |
| Mandatory arbitration | No |
| Arbitration location | Houston, TX |
| Jury trial waiver | No |
| Governing law | Texas |
| Litigation count | 2 |
View Item 3 litigation summary
Two pending Item 3 cases: (1) Five Two Enterprises, LLC v. EverLine Franchising US, Inc. v. Ryan Rainey (Denton County, TX) - former franchisee sued for declaratory judgment/breach of contract over alleged wrongful termination, seeking >$525,000; franchisor counterclaimed for ~$250,000. (2) Tobbie May v. EverLine Franchising US, Inc. (Harris County, TX) - franchisee alleges breach of contract, statutory fraud, and DTPA violations over territory/customer disputes, seeking reliance/economic/expectation damages plus treble damages. Both cases pending, no settlements reported.
Items 10, 11
Training & Operations
- Classroom training
- 70 hrs
- On-the-job training
- 33 hrs
- Training location
- Designated training facility in Houston, TX or via remote instruction; on-site field training within Designated Territory
- Ongoing training
- Required
- Field support
- 33 hrs/yr
- On-site visits per year
- Time to open
- 4 mo
- From signing to launch
- Site selection
- franchisee
- Franchisor financing
- Not offered
- Item 10
Items 5 & 11
Franchisor Support
Item 20 · call current owners
Franchisee Contacts
111 owners to call
Name · phone · city · state. Extracted from FDD Item 20
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a EverLine Coatings and Services franchise?
The total investment to open a EverLine Coatings and Services franchise ranges from $184K – $319K, 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 EverLine Coatings and Services franchise owners earn?
According to Item 19 of the EverLine Coatings and Services FDD, the average gross sales per unit is $672K. The median is $571K. Important context: Averaged per franchisee, not per outlet - not comparable with per-outlet figures. Note: this is gross revenue, not profit. Actual owner earnings vary based on location, operating costs, and management.
Who owns EverLine Coatings and Services?
EverLine Coatings and Services is franchised by EverLine Franchising US, Inc.. Its parent company is EverLine Holdings Aggregator, LLC. The ultimate parent named in the FDD is Red Iron Group (RIG Franchise Holdings, LLC). Source: FDD Item 1, 2026 filing.
What is Item 19 in the EverLine Coatings and Services 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 EverLine Coatings and Services FDD and qualifies whose outlets they describe.
What is EverLine Coatings and Services's franchise failure rate?
SBA 7(a) loan charge-off data is not available for EverLine Coatings and Services (fewer than 10 loans on file). Charge-off rates are one way to gauge franchise risk, but not all franchise loans go through the SBA program. We recommend reviewing turnover and closure data in the FDD and speaking with current franchisees.
How many EverLine Coatings and Services franchise locations are there?
As of their most recent FDD filing, EverLine Coatings and Services has 87 total units in the United States, including 87 franchised units and 0 company-owned units. 18 new units were opened in the latest reporting year.
Is EverLine Coatings and Services a good franchise to buy?
FranchiseVerdict rates EverLine Coatings and Services as a B-grade franchise with a verdict score of 63 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.