Hole in the Wall Franchise Cost, Revenue & Review 2026
- Investment
- $87K – $133K
- Disclosed sales
- partial, no system average
- SBA charge-off
- Under 10 loans (1)
Data from FDD filing + SBA 7(a) records
Analysis by FranchiseVerdict Research · Methodology
Hole in the Wall is a home services franchise specializing in drywall repair and patching for homes and businesses. Franchisees run local operations, managing technicians, service calls, and accounts.
FranchiseVerdict summary · 2026
A Hole in the Wall franchise requires a total initial investment of $87K – $133K, including a $60K franchise fee and an ongoing 6.0% royalty[2]. The 2026 FDD on file does not yield a unit-revenue figure we can publish. 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 scored5 of 5 headline figures on this page cite a page of the filing.
Overview
- Investment
- $87K – $133K
- 25th pct Home Services
- Avg gross sales
- N/A
- Incl. company outletsn=1
- Royalty
- 6.0%
- 21st pct Home Services
- Units
- 25
- 32nd 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 $87K – $133K including a $60K franchise fee, 6.0% ongoing royalty.
- RETURNSItem 19 shows individual P&Ls for three outlets (one company-owned affiliate + two franchised) for FY2025; no franchisor-computed average. Basis-consistent per-unit gross is taken from the two franchised units only. The company-owned affiliate is excluded as non-comparable — it operates at corporate scale (~$1.13M revenue) and its P&L blends podcast/training/franchising activity (multiple "adjusted w/o corporate expenses" lines), and note 4 states the affiliate P&L omits operating expenses needed to derive its net income.
- RISKVerdict B (Above average), verdict score 64/100 (higher is better).
- GROWTHPositive: net +22 franchised outlets in the latest year (2 opened, 0 closed); 17 signed but not yet open (Item 20).
- DATAItem 19 reports revenue alongside profit figures rather than annual gross sales, so unit revenue is not directly comparable. Ask franchisees directly for full unit-level revenue.
Item 1 · who you're contracting with
The Franchisor
Corporate structure & franchisor financials
- Legal entity
- Hole in the Wall Franchising, LLC
- CEO title
- Managing Partner/Co-Owner
- William DeMent
- Incorporated in
- FL
- HQ
- 2875 S Orange Ave, #500-525, Orlando, FL 32806
- Auditor
- Omar Alnuaimi, CPA (Naper CPA)
- Audited financials
- Franchisor revenue
- $66K
- Most recent fiscal year
Affiliated brands
- has the same business address as us
- Hole in the Wall Enterprises
Other brands the franchisor or its parent operates (Item 1).
Overview
About
- CEO
- William DeMent
- Headquarters
- FL
- Founded
- 2022
- FDD year
- 2026
- States available
- 8
Can you afford it, and what does the money buy?
Entry cost runs 35% below 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) | $9K | $30K |
| Equipment, build-out, other | $19K | $43K |
| Total initial investment | $87K | $133K |
Source: Hole in the Wall 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
- $87K – $133K
- Top 40% of category vs category
- Liquid capital req'd
- $9K – $30K
- Top 40% of category vs category
- Franchise fee
- $60K – $60K
- Middle of category vs category
- Royalty
- 6.0%
- Set by a formula · typical 6–8%
- Ad fund
- 2.0%
- typical 3–5%
- Total fee load
- 53.0%
- 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 | $42 |
| Transfer fee | $15K |
| Renewal fee | $5K |
| Inventory (initial) | $500 – $2K |
| Total fee load | 53.0% of rev |
What do units actually make?
Source: FDD 2026 · Item 19
ROI & LBO modelsSingle-unit · 25-unit portfolio · editable
No Item 19 revenue figure for Hole in the Wall is on file. The return models need a revenue figure to start from, and the operating costs that turn gross sales into a profit are in no FDD. Enter your own and the calculator runs on your assumptions — nothing here is modelled until you do.
Returns model · single-unit ROIC
What would one Hole in the Wall 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 annual revenue, 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.
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
Item 19 shows individual P&Ls for three outlets (one company-owned affiliate + two franchised) for FY2025; no franchisor-computed average. Basis-consistent per-unit gross is taken from the two franchised units only. The company-owned affiliate is excluded as non-comparable — it operates at corporate scale (~$1.13M revenue) and its P&L blends podcast/training/franchising activity (multiple "adjusted w/o corporate expenses" lines), and note 4 states the affiliate P&L omits operating expenses needed to derive its net income.
Includes company-owned outlets
Based on a single reporting unit - not a system average
- Item 19 type
- actual outlet-level historical financial data (not averaged/statistical)
- Sample size
- 1
- vs category median 32 · small
- Reporting year
- 2024
- Fiscal year the figures cover
- Source filing
- FDD 2026
- Disclosed in the 2026 filing, covering 2024
- 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.
Fee burden
Total ongoing fee load of 53.0% — above the Home Services median of 8.0%.
Disclosure
Item 19 reports revenue alongside profit figures rather than annual gross sales, so unit revenue is not directly comparable.
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 Hole in the Wall Compares
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
- 25
- Opened
- 2
- Last reporting year
- Closed
- 0
- Terminated
- 0
- Franchisor ended the franchise (per Item 20)
- Non-renewed
- 0
- Term expired, not renewed (per Item 20)
- Turnover rate
- N/A
- Company-owned
- 1
- Corporate units in the system
- % franchised
- 96%
- vs corporate-owned
Last fiscal year · Item 20 exits and transfers
- Terminated
- 0
- Not renewed
- 0
- Transferred
- 0
- Reacquired
- 0
- Franchisor bought back
- Signed, not yet open
- 17
- 0.68 per open outlet · Item 20 Table 5
- Projected new
- 25
- Franchisor's next-year forecast
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 12 · 8 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.
8
states with franchisees (per FDD Item 12)
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA loan disclosures. This brand has only 1 7(a) loan on file; statistical reliability is limited below 10 loans.
- Total loans
- 1
- Loan volume
- $150K
- Median loan
- $150K
- average
- Charge-off rate
- Under 10 loans (1)
- Insufficient SBA coverage: 1 loan, rate hidden below 10
Historical SBA 7(a) lending data, not predictive of future performance. How SBA charge-off rates are calculated
- Repayment rate (PIF)
- Under 10 loans (1)
- 5-yr charge-off
- Under 10 loans (1)
- Loans approved 2021+
- Active lenders
- 0
- Defaults
- N/A
Explore lender portfolios on Bank Reports or regional data on State Reports.
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
Hole in the Wall presents caution-level risk: a micro-franchise system with unverified financial claims, unclear franchisor stability, and insufficient operating units to validate the business model.
Litigation (Item 3)
Subject: officers or affiliates. The franchisor is not a named party in these cases.
0 case reference(s): 0 pending, 0 settled.
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Omar Alnuaimi, CPA (Naper CPA)
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Supplier relationship · Items 8 & 16
- Franchisor sells you products: No
- 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 64 / 100 verdict
- 01MINOROnly 3 units in system with unknown growth trajectory indicates extremely small/stagnant franchise
- 02MINORHigh royalty burden (6% + minimum) on $1.18M average revenue reduces net margins significantly
- 03MINORFranchise fee of $59,500 is substantial (73% of minimum investment) with only 3 reference franchisees available
- 04MINORUnknown growth rate with only 3 units raises questions about franchisee demand and system expansion
Severity inferred from the FDD text · not a regulatory classification
What are you signing up for?
Ongoing fees run about 53.0% 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 |
| Territory type | Exclusive territory |
| Protected territory | Yes |
| Exclusive territoryℹ | Yes |
| Territory population | 250,000 |
| Online sales rightsℹ | Granted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Optional |
| Non-compete (years)ℹ | 2 years |
| Non-compete (miles)ℹ | 5 mi |
| Right of first refusalℹ | Yes |
| Transfer requires consent | Yes |
| Termination notice | 30 days |
| Termination groundsℹ | 9 |
| Curable defaultsℹ | 3 |
| Mandatory arbitration | No |
| Arbitration location | Orlando, FL |
| Jury trial waiver | No |
| Governing law | Florida |
| Litigation count | 0 |
View Item 3 litigation summary
0 case reference(s): 0 pending, 0 settled.
Items 10, 11
Training & Operations
- Classroom training
- 28 hrs
- On-the-job training
- 32 hrs
- Training location
- Orlando, FL (our location) or franchisee's location
- Ongoing training
- Optional
- Time to open
- 3 mo
- From signing to launch
- Site selection
- franchisee
- Franchisor financing
- Not offered
- Item 10
- POS system
- POS/CRM system (with QuickBooks Online accounting)
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: POS/CRM system (with QuickBooks Online accounting)
Item 20 · call current owners
Franchisee Contacts
1 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 Hole in the Wall franchise?
The total investment to open a Hole in the Wall franchise ranges from $87K – $133K, 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 Hole in the Wall franchise owners earn?
Item 19 of the Hole in the Wall FDD discloses figures for part of the system but no single average across all outlets. These are gross sales figures, not profit; the Revenue section shows what the filing reports and on what basis. Item 20 of the FDD lists current and former franchisees; asking them directly is the standard way to fill this gap.
Who owns Hole in the Wall?
Hole in the Wall is franchised by Hole in the Wall Franchising, LLC. Source: FDD Item 1, 2026 filing.
What is Item 19 in the Hole in the Wall 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 Hole in the Wall FDD and qualifies whose outlets they describe.
What is Hole in the Wall's franchise failure rate?
SBA 7(a) loan charge-off data is not available for Hole in the Wall (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 Hole in the Wall franchise locations are there?
As of their most recent FDD filing, Hole in the Wall has 25 total units in the United States, including 24 franchised units and 1 company-owned units. 2 new units were opened in the latest reporting year.
Is Hole in the Wall a good franchise to buy?
FranchiseVerdict rates Hole in the Wall as a B-grade franchise with a verdict score of 64 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
Are you the franchisor?
If you represent Hole in the Wall, you can request corrections or provide updated information.
Other Home Services franchises
Compare similar franchise opportunities in the Home Services category
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.