FranchiseVerdict
HEAVYWEIGHT WASTE logo
FV-01178·CAUTIONExcellent91

Heavyweight Waste

OtherFranchising since 2021Website
Investment
$570K – $757K
86th pct Other
Avg revenue
$1.4M
37th pct Other
Royalty
8.0%
49th pct Other
Units
30
56th pct Other
SBA default

Bottom line

  • Total investment $570K – $757K including a $50K franchise fee, 8.0% ongoing royalty.
  • Average unit revenue of $1.4M/year (median $1.4M).
  • Rated CAUTION with a risk score of 70/100.
  • System growing at 250.0% CAGR over 3 years with 30 total units — strong expansion trajectory.

Item 1 · who you're contracting with

The Franchisor

Legal entity
Heavyweight Waste Franchise Partners, LLC
Parent company
SMT Holdings, LLC
Incorporated in
Indiana
HQ
535 W. Carmel Drive, Carmel, Indiana 46032
Auditor
Citrin Cooperman & Company, LLP
Audited financials
Franchisor revenue
$586K
vs $262K 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 HEAVYWEIGHT WASTE unit return on the cash you put in?

Revenue · per unit, per year
$
FDD Item 19 reports $1,429,678
Franchisor take · royalty + ad fund
Royaltytyp 68%
%
Ad fundtyp 35%
%
Operating costs · category default: generic
COGS
%
Labor
%
Rent / occupancy
%
Other operating
%
Total invested capital · what you actually put in
Initial investment
$
FDD Item 7: $570K–$757K
Working capital
$
FDD reports $60K–$100K

Unlevered ROIC · per unit

27%

Below typical band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$200K
EBITDA margin
14.0%
Total invested
$744K
Payback
45 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 HEAVYWEIGHT WASTE units return on equity?

Edit assumptions

Equity IRR · 5-yr

49.9%

7.56× MOIC

Year-1 DSCR

1.88×

EBITDA ÷ debt service

Equity required

$2.0M

on $10.0M purchase

Total debt

$8.0M

SBA $5.0M + senior + seller note

SBA 7(a) request ($5.0M) exceeds the $5M program cap. Excess capped automatically; backfill via conventional or equity.

Overview

About

Heavyweight Waste franchisees operate commercial waste and recycling collection services, managing customer routes, collection logistics, and disposal operations. Day-to-day activities include scheduling pickups, maintaining collection vehicles, managing customer relationships, and coordinating with disposal/recycling facilities. Franchisees are responsible for local sales, operations, and all staffing within their territory.

CEO
Justin Haskin
Founded
2021
FDD year
2025
States available
6

Item 7 · what it costs

The Vitals

Total investment
$570K – $757K
All-in to open one unit
Liquid capital
$60K – $100K
Cash you must have on hand
Franchise fee
$50K
Royalty
8.0%
Gross Sales · typical 6–8%
Ad fund
1.0%
typical 3–5%
Total fee load
9.0%
vs 9–13% typical

Item 19

Financial Performance

Avg gross sales
$1.4M
Per unit, per year
Median gross sales
$1.4M
Item 19 type
Actual (Covered Businesses)
Sample size
7 units
vs category median 20 · small
Range (low → high)
$111K$2.7M
Cohort dispersion
Transparency
4 / 5
vs category median 3 / 5 · above
Revenue rank37th
vs Other peers
Investment cost rank86th
Lower investment ranks lower (better)
Royalty rate rank49th
Lower royalty = lower percentile (better)
Unit count rank56th
vs Other peers
Risk score rank77th
Lower risk = lower percentile (better)

Item 20 · unit dynamics

The Growth Chart

Total units
30
Opened
5
Last reporting year
Closed
0
Turnover rate
0.0%
Company-owned
16
Corporate units in the system
% franchised
47%
vs corporate-owned
Net growth (yr3)
+55.6%
Net unit change last year
3-yr CAGR
Outlier (see FDD)
Likely small-sample artifact
2023
14+5
Franchised units
2024
9
Franchised units
2025
4
Franchised units

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

Item 20 · 15 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 · 15 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.

No SBA loan data available for this brand.

FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17

Risk & Legal

70
Risk · 0-100
CAUTION70 / 100

Heavyweight Waste presents HIGH RISK due to substantiated misrepresentation litigation, regulatory investigation, undisclosed profitability metrics, unprotected territory, and going concern issues—warranting extreme caution despite revenue growth figures.

Score breakdown · what drove the 70 / 100 rating

  1. 01HIGHMultiple active and concluded litigations involving misrepresentation, with a $2.875M award to plaintiffs indicating substantiated fraud claims
  2. 02MINORPending arbitration regarding misrepresentation and population data suggests current operational integrity concerns
  3. 03MINORNo average net income disclosure despite $1.43M average revenue, preventing ROI validation and suggesting profitability issues
  4. 04MINORWashington Securities Administrator investigation resulting in consent order indicates regulatory scrutiny of franchise operations
  5. 05MINORUnprotected territory creates direct franchisee competition and cannibalization risk within the 30-unit system
  6. 06HIGHHigh 55.6% YoY unit growth (18 new units) appears unsustainable given litigation backdrop and may indicate aggressive recruitment masking unit attrition
  7. 07HIGHGoing Concern status of False is critical red flag suggesting potential financial instability of franchisor

Severity inferred from the FDD text · not a regulatory classification

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

Contract & Territory Detail

Territory
Geographic boundaries and population
Protected territory
No
Initial term
10 years
Renewal term
5 years
Online sales rights
Restricted
Franchisor can compete
Yes
Hire a manager?
Allowed
Litigation count
5
Right of first refusal
Yes
Franchisor can buy back on resale
Mandatory arbitration
Yes
Jury trial waiver
Yes
Non-compete
3 yrs
Post-termination restriction
Owner-operator
Optional
Governing law
Delaware

Item 11

Training & Operations

Classroom training
7 hrs
On-the-job training
32 hrs
POS system
Vonigo
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

21 numbers

Locked
(213) 576-••••
CA
(608) 266-••••
WI
(701) 328-••••
ND

One-time purchase · CSV download · Validation questions included

FDD download

HEAVYWEIGHT WASTE · FDD (2025) PDF

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