Bottom line
- Total investment $253K – $1.1M including a $50K franchise fee, 6.0% ongoing royalty.
- Average unit revenue of $662K/year.
- Rated MODERATE with a risk score of 65/100. SBA loan default rate of 0.0% across 7 loans (below the industry average).
Item 1 · who you're contracting with
The Franchisor
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 Griffin Waste Services unit return on the cash you put in?
Unlevered ROIC · per unit
15%
Below typical band (30–60%)
Levered LBO scenario · Yale Crease Capital framing
What would 25 Griffin Waste Services units return on equity?
Equity IRR · 5-yr
49.9%
7.57× MOIC
Year-1 DSCR
1.88×
EBITDA ÷ debt service
Equity required
$1.1M
on $5.3M purchase
Total debt
$4.2M
SBA $2.6M + senior + seller note
Overview
About
Griffin Waste Services franchisees operate residential and/or commercial waste collection and disposal operations within protected territories. Day-to-day work involves managing collection routes, maintaining trucks and equipment, hiring/supervising drivers and collection staff, billing clients, and ensuring regulatory compliance with local waste management and environmental standards.
Item 7 · what it costs
The Vitals
Item 19
Financial Performance
Item 20 · unit dynamics
The Growth Chart
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 14 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 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.
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Small, opaque waste services franchise with undisclosed profitability metrics, stagnant unit count, and potential franchisor financial instability—suitable only for highly risk-tolerant investors capable of independent operational verification.
Score breakdown · what drove the 65 / 100 rating
- 01MEDNo Item 19 (Average Unit Volume) disclosed — impossible to validate $661,803 average revenue claim or assess profitability expectations
- 02MEDNet income not disclosed — cannot determine actual franchisee profitability or ROI; 6% royalty on $661k revenue = ~$39.7k annual royalty burden
- 03MEDOnly 15 units system-wide with unknown growth trajectory — suggests stagnant or struggling franchise system with limited scale
- 04HIGHGoing Concern status is FALSE — potential financial instability at franchisor level raises sustainability questions
- 05MINORWide investment range ($253k–$1.06M) with no breakdown — unclear what drives 4x cost variance and capital allocation
- 06MINOR10-year term with $50k franchise fee is standard, but long commitment in unproven small system increases exit risk
Severity inferred from the FDD text · not a regulatory classification
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
Item 11
Training & Operations
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
15 numbers
One-time purchase · CSV download · Validation questions included
FDD download
Griffin Waste Services · FDD (2025) PDF