EverLine Coatings and ServicesFranchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
FranchiseVerdict summary · 2026
A EverLine Coatings and Services franchise requires a total initial investment of $185K – $320K, including a $60K franchise fee and an ongoing 6.0% royalty[2]. Per the 2025 FDD, average unit revenue was $615K[2]. SBA 7(a) loans show a 0.0% charge-off rate across 94 loans[1]. Verdict grade: A. Run a live ROI scan →
Data last verified June 21, 2026 · figures per the 2025 FDD issuance
Overview
- Investment
- $185K – $320K
- 67th pct Home Services
- Avg gross sales
- $615K
- 21st pct Home Services
- Royalty
- 6.0%
- 13th pct Home Services
- Units
- 80
- 49th pct Home Services
- SBA default
- 0.0%
- 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
Only 0.0% of 94 SBA loans charged off, well below the 16% franchise average.
Franchised units fell from 80 to 20 over 3 years. Investigate why operators are leaving.
The franchisor's auditor raised doubt about continued operations. This is a serious risk signal.
Bottom line
- Total investment $185K – $320K including a $60K franchise fee, 6.0% ongoing royalty.
- Average unit revenue of $615K/year (median $589K).
- Verdict A (Top Quintile) with a risk score of 16/100. SBA loan charge-off rate of 0.0% across 94 loans (well below the franchise average, based on all SBA 7(a) franchise lending, 2010–2024).
- Auditor disclosed a going-concern note, which flagged doubt about the franchisor's ability to continue operations. Verify against the latest FDD.
Item 1 · who you're contracting with
The Franchisor
- Legal entity
- EverLine Franchising US, Inc.
- Parent company
- EverLine Holdings Aggregator, LLC
- Ultimate parent
- Red Iron Group (private equity firm)
- Predecessor
- or other affiliates that we are required to disclose in this Item
- Prior franchisor entity
- CEO title
- Chief Executive Officer 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
- $4.3M
- vs $5.6M prior year
- Management churn noted
- Frequent turnover
- Item 2 disclosed frequent executive changes
- ⚠ Going-concern note
- Disclosed in FDD 2025
- Auditor flagged doubt about continued operations. Verify against the latest FDD before deciding.
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
EverLine franchisees operate commercial and industrial coating and protective services businesses, providing application, maintenance, and restoration services to industrial facilities, commercial properties, and infrastructure clients. Day-to-day work involves project estimation, crew management, equipment operation, safety compliance, and client relationship management across multi-day or multi-week coating projects.
- CEO
- John Evans
- Headquarters
- TX
- Founded
- 2021
- FDD year
- 2025
- States available
- 34
FDD Item 7 · 2025 filing
Initial investment breakdown
| Cost component | Low | High |
|---|---|---|
| Initial franchise fee | $60K | $60K |
| Working capital (3–6 mo) | $50K | $80K |
| Equipment, build-out, other | $76K | $180K |
| Total initial investment | $185K | $320K |
Source: EverLine Coatings and Services 2025 FDD, Items 5 and 7[2]. “Equipment, build-out, other” is computed as total minus disclosed line items above.
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
$68K
11.0% 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
- $185K – $320K
- Near category avg vs category
- Liquid capital req'd
- $50K – $80K
- Below avg, review vs category
- Franchise fee
- $60K – $60K
- Near category avg vs category
- Royalty
- 6.0%
- percentage_of_gross · 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 |
Financial Performance
- Avg gross sales
- $615K
- Per unit, per year
- Median gross sales
- $589K
- Item 19 type
- gross_sales
- Sample size
- 41 units
- vs category median 25
- Range (low → high)
- $109K→$1.4M
- Cohort dispersion (min → max)
- Transparency tier
- limited
- Categorical assessment of disclosure depth
- Reporting year
- 2024
- Fiscal year the figures cover
- Transparency
- 6 / 5
- vs category median 4 / 5 · above
Compared against 349 Home Services brands
vs Home Services averages
How EverLine Coatings and Services Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 80
- Opened
- 33
- Last reporting year
- Closed
- 8
- Terminated
- 7
- Franchisor ended the franchise (per Item 20)
- Non-renewed
- 0
- Term expired, not renewed (per Item 20)
- Turnover rate
- 10.0%
- Company-owned
- 0
- Corporate units in the system
- % franchised
- 100%
- vs corporate-owned
- Net growth (yr3)
- +45.5%
- Net unit change last year
- 3-yr CAGR
- Outlier (see FDD)
- Likely small-sample artifact
3-year detail · Item 20
- Opened (3yr)
- 25
- Transfers (3yr)
- 2
- 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 20 · 32 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
- Maryland
- Michigan
States where the franchisor is registered to sell new franchises (FDD registration filings).
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
- 0.0%
- 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)
- 100.0%
- 5-yr charge-off
- 0.0%
- Loans approved 2021+
- Active lenders
- 13
- Defaults
- 0
Explore lender portfolios on Bank Reports or regional data on State Reports.
Premium insight
SBA Lending Report
Deep-dive into EverLine Coatings and Services's SBA lending history: lender network, geographic footprint, interest rates, and more.
SBA Lending Report
- Principal loss rate and NAICS industry benchmark
- 10 lenders with concentration factor
- Per-state charge-off rates across 15 states
- Startup risk premium and job creation velocity
- 5-year lending trend
- SBA 504 real estate/equipment data
Instant access. No subscription.
With a 0.0% charge-off rate across 94 loans, banks have historically viewed this brand favorably for lending.
Risk analysis
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
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)
Five Two Enterprises, LLC v. EverLine Franchising US, Inc. v. Ryan Rainey (District Court, Denton County, TX; Case No. 24-8483-362). Former franchisee filed September 10, 2024 seeking declaratory judgment and breach of contract damages exceeding $525,000 for alleged wrongful termination. Franchisor filed counterclaims March 7, 2025 for proper termination based on franchisee breaches (failure to maintain System Standards, failure to use required systems, conducting business outside territory). Franchisor seeking approximately $250,000 in damages. Case in discovery phase.
Largest disclosed settlement: $525,000
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · WithumSmith+Brown, PC⚠ Going-concern note flagged
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Supplier relationship · Items 8 & 16
- Franchisor sells you products: Yes
- Kickbacks from required suppliers: No
- Must buy proprietary products: Yes
- Restricted to system-approved products: Yes
- Can negotiate own supplier terms: No
Score breakdown · what drove the 16 / 100 rating
- 01MEDNo Item 19 (Average Unit Volume) disclosed despite $614,560 claimed average revenue — inability or unwillingness to substantiate earnings claims is a major transparency concern
- 02HIGHActive litigation with former franchisee alleging wrongful termination raises questions about franchise agreement enforcement, support, and dispute resolution fairness
- 03MINORHigh 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
- 04MINORRoyalty structure with 2.5% rate for subcontracted work creates incentive misalignment and makes true profitability opaque for franchisees relying on subcontractors
- 05HIGHGoing concern flag indicates franchisor financial stress despite growth claims, raising sustainability questions
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 | 2 |
| Territory type | population-based |
| Protected territory | Yes |
| Territory population | 350,000 |
| Online sales rights | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Required |
| 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 |
| Curable defaultsℹ | 4 |
| Mandatory arbitration | No |
| Jury trial waiver | Yes |
| Governing law | Texas |
| Litigation count | 1 |
View Item 3 litigation summary
Five Two Enterprises, LLC v. EverLine Franchising US, Inc. v. Ryan Rainey (District Court, Denton County, TX; Case No. 24-8483-362). Former franchisee filed September 10, 2024 seeking declaratory judgment and breach of contract damages exceeding $525,000 for alleged wrongful termination. Franchisor filed counterclaims March 7, 2025 for proper termination based on franchisee breaches (failure to maintain System Standards, failure to use required systems, conducting business outside territory). Franchisor seeking approximately $250,000 in damages. Case in discovery phase.
Items 10, 11
Training & Operations
- Classroom training
- 98 hrs
- On-the-job training
- 37 hrs
- Training location
- corporate training facility and/or remote instruction
- Field support
- 76 hrs/yr
- On-site visits per year
- Site selection
- franchisor
- Franchisor financing
- Offered
- Item 10
Items 5 & 11
Franchisor Support
Item 20 · call current owners
Franchisee Contacts
85 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
EverLine Coatings and Services · FDD (2025) PDF
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 $185K – $320K, 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 $615K. The median is $589K. Note: this is gross revenue, not profit. Actual owner earnings vary based on location, operating costs, and management.
What is EverLine Coatings and Services's franchise failure rate?
Based on SBA 7(a) loan data, EverLine Coatings and Services has a charge-off rate of 0.0% across 94 loans, meaning 0.0% 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 EverLine Coatings and Services franchise locations are there?
As of their most recent FDD filing, EverLine Coatings and Services has 80 total units in the United States, including 80 franchised units and 0 company-owned units. 33 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 A-grade franchise with a risk score of 16 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.