FranchiseVerdict
Granite Garage Floors logo
FV-01102·STRONGExcellent95

Granite Garage Floors

Home Services - OtherFranchising since 2013Website
Investment
$150K – $222K
69th pct Other
Avg revenue
$729K
31st pct Other
Royalty
6.5%
34th pct Other
Units
57
57th pct Other
SBA default
0.0%
vs <3% typical

Bottom line

  • Total investment $150K – $222K including a $50K franchise fee, 6.5% ongoing royalty.
  • Average unit revenue of $729K/year (median $489K).
  • Rated STRONG with a risk score of 41/100. SBA loan default rate of 0.0% across 10 loans (below the industry average).
  • System growing at 29.5% CAGR over 3 years with 57 total units — strong expansion trajectory.

Item 1 · who you're contracting with

The Franchisor

Legal entity
Granite Garage Floors Franchising, LLC
Parent company
Threshold Brands, LLC
Incorporated in
Georgia
HQ
17700 Saint Clair Avenue, Cleveland, OH 44110
Auditor
Plante & Moran, PLLC
Audited financials
Franchisor revenue
$49.0M
vs $47.9M 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 Granite Garage Floors unit return on the cash you put in?

Revenue · per unit, per year
$
FDD Item 19 reports $729,404
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: $150K–$222K
Working capital
$
FDD reports $20K–$60K

Unlevered ROIC · per unit

34%

In Yale's "attractive" band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$77K
EBITDA margin
10.5%
Total invested
$226K
Payback
35 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.

Levered LBO scenario · Yale Crease Capital framing

What would 25 Granite Garage Floors units return on equity?

Edit assumptions

Equity IRR · 5-yr

49.9%

7.57× MOIC

Year-1 DSCR

1.88×

EBITDA ÷ debt service

Equity required

$511K

on $2.6M purchase

Total debt

$2.0M

SBA $1.3M + senior + seller note

Overview

About

Franchisees operate a garage floor coating and epoxy installation business, managing crews to apply polyurea, epoxy, and polyaspartic coatings to residential and commercial concrete floors. Day-to-day operations include customer acquisition, job estimation, crew scheduling, quality control on installations, and customer service. The business is service-based with high labor and material costs, operating in local protected territories.

CEO
Theodore Demarino
Founded
2013
FDD year
2026
States available
17

Item 7 · what it costs

The Vitals

Total investment
$150K – $222K
All-in to open one unit
Liquid capital
$20K – $60K
Cash you must have on hand
Franchise fee
$50K
Royalty
6.5%
Percentage of Gross Sales with Monthly Minimum · typical 6–8%
Ad fund
2.0%
typical 3–5%
Total fee load
8.5%
vs 9–13% typical

Item 19

Financial Performance

Avg gross sales
$729K
Per unit, per year
Median gross sales
$489K
Item 19 type
Gross Sales
Sample size
24 units
vs category median 21
Range (low → high)
$24K$3.3M
Cohort dispersion
Transparency
4 / 5
vs category median 4 / 5 · typical
Revenue rank31th
vs Home Services - Other peers
Investment cost rank69th
Lower investment ranks lower (better)
Royalty rate rank34th
Lower royalty = lower percentile (better)
Unit count rank57th
vs Home Services - Other peers
Risk score rank10th
Lower risk = lower percentile (better)

Item 20 · unit dynamics

The Growth Chart

Total units
57
Opened
2
Last reporting year
Closed
0
Turnover rate
0.0%
Company-owned
0
Corporate units in the system
% franchised
100%
vs corporate-owned
Net growth (yr3)
+3.6%
Net unit change last year
3-yr CAGR
+29.5%
Compounded over last 3 years
2024
57+2
Franchised units
2025
55
Franchised units
2026
44
Franchised units

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

Item 20 · 18 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 · 18 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
10
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

41
Risk · 0-100
STRONG41 / 100

Granite Garage Floors presents caution-level risk due to undisclosed profitability metrics, sluggish unit growth, parent company compliance violations, and high initial capital requirements without clear ROI transparency.

Score breakdown · what drove the 41 / 100 rating

  1. 01MEDNet income not disclosed in FDD Item 19 — unable to verify actual profitability claims against $729k average revenue
  2. 02MINORSlow unit growth of 3.6% YoY suggests market saturation or franchisee satisfaction issues in a 57-unit system
  3. 03MINORParent company (MaidPro) SEC violation in 2025 for franchise fee deferral violations raises compliance and operational governance concerns
  4. 04MINORHigh initial investment ($149.5k–$222.2k) relative to transparent financial data creates ROI verification gap
  5. 05MINOR6.5% royalty on gross sales (not net) compounds pressure on franchisees with thin margins in service businesses

Severity inferred from the FDD text · not a regulatory classification

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

Contract & Territory Detail

Territory
Geography
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
1
Right of first refusal
Yes
Franchisor can buy back on resale
Mandatory arbitration
Yes
Jury trial waiver
Yes
Non-compete
1.5 yrs
Post-termination restriction
Owner-operator
Required
Governing law
Ohio

Item 11

Training & Operations

Classroom training
62 hrs
On-the-job training
81 hrs
POS system
field service software
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

32 numbers

Locked
(816) 674-••••
KS
(213) 200-••••
CA
(919) 886-••••
NC

One-time purchase · CSV download · Validation questions included

FDD download

Granite Garage Floors · FDD (2026) PDF

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