Jet-Black and Yellow Dawg Striping Franchise Cost, Revenue & Review 2026
- Investment
- $118K – $174K
- Disclosed sales
- $584K
- gross sales, not profit
- SBA charge-off
- Limited · 11 loans
Data from FDD filing + SBA 7(a) records
Analysis by FranchiseVerdict Research · Methodology
Jet-Black, with its Yellow Dawg Striping brand, is a home- and commercial-services franchise providing asphalt maintenance and parking-lot line striping. Franchisees run a mobile, crew-based operation sealing and striping lots and driveways in a territory.
FranchiseVerdict summary · 2026
A Jet-Black and Yellow Dawg Striping franchise requires a total initial investment of $118K – $174K, including a $48K franchise fee and an ongoing 1.0% royalty[2]. Per the 2025 FDD, average revenue per franchisee was $584K. This franchisor reports Item 19 per franchisee rather than per outlet, so the figure is not comparable with per-outlet averages[2]. FranchiseVerdict grade: A (Strongest tier), an editorial assessment, not investment advice. Run a live ROI scan →
Sources, dates and evidence
FDD issued: · Data extracted: · Last cited check: · Staleness risk: medium - issued 12 to 24 months ago; a newer filing is likely on file
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 scored3 of 5 headline figures on this page cite a page of the filing; the rest are marked “Not cited” beside the figure.
Overview
- Investment
- $118K – $174K
- 43rd pct Home Services
- Avg gross sales
- $584K
- Per franchisee, not per outlet
- Royalty
- 1.0%
- 0th pct Home Services
- Units
- 130
- 64th 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 $118K – $174K including a $48K franchise fee, 1.0% ongoing royalty.
- RETURNSAverage revenue per franchisee of $584K/year. Note: this is gross profit, not take-home income. Averaged per franchisee, not per outlet - not comparable with per-outlet figures.
- RISKVerdict A (Strongest tier), verdict score 86/100 (higher is better).
- GROWTHPositive: net +12 franchised outlets in the latest year (14 opened, 2 closed) (Item 20).
- GROWTHSystem growing at 15.5% CAGR over 3 years with 130 total units. Strong expansion trajectory.
Item 1 · who you're contracting with
The Franchisor
Corporate structure & franchisor financials
- Legal entity
- Jet-Black International, Inc.
- CEO title
- Chief Executive Officer and Chief Financial Officer
- Nicholas P. Kelso
- Incorporated in
- MN
- HQ
- 12445 Boone Avenue South, Savage, MN 55378
- Auditor
- SDK CPAs
- Audited financials
- Franchisor revenue
- $5.6M
- vs $4.9M prior year
Overview
About
- CEO
- Nicholas P. Kelso
- Headquarters
- MN
- Founded
- 1992
- FDD year
- 2025
- States available
- 15
Can you afford it, and what does the money buy?
Entry cost runs 13% below the typical home services franchise.
Source: FDD 2025 · Items 5–7
FDD Item 7 · 2025 filing
Initial investment breakdown
| Cost component | Low | High |
|---|---|---|
| Initial franchise fee | $48K | $48K |
| Working capital (3–6 mo) | $5K | $5K |
| Equipment, build-out, other | $65K | $121K |
| Total initial investment | $118K | $174K |
Source: Jet-Black and Yellow Dawg Striping 2025 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
- $118K – $174K
- Middle of category vs category
- Liquid capital req'd
- $5K – $5K
- Top 40% of category vs category
- Franchise fee
- $48K – $48K
- Top 40% of category vs category
- Royalty
- 1.0%
- Tiered by sales volume · typical 6–8%
- Ad fund
- No advertising fund; local advertising requirement of $15…
- Total fee load
- 8.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 1.0% of gross sales |
| Technology fee | $650 |
| Training fee | $500 |
| Transfer fee | $5K |
| Renewal fee | $3K |
| Inventory (initial) | $19K – $27K |
| Total fee load | 8.0% of rev |
What do units actually make?
Average unit sales land near the home services norm.
Averaged per franchisee, not per outlet - not comparable with per-outlet figures
Source: FDD 2025 · Item 19
Single-unit · not modelled
Returns at a glance
An FDD discloses gross sales, not profit, and the operating costs that turn one into the other are in no filing. We publish no modelled return for Jet-Black and Yellow Dawg Striping until someone supplies them — yours, in the models below.
—
Not modelled yet
An FDD discloses gross sales, not profit. We hold no sourced figure for ad fund rate, 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.
Total invested capital · disclosed
$151K
Item 7 initial investment plus working capital, as filed — the one figure here that needs no assumption.
ROI & LBO modelsSingle-unit · 25-unit portfolio · editable
What one unit earns on your invested capital
Model A · Single-Unit Return
Computes unlevered return on invested capital (ROIC) for a single franchise unit, read against the 30–60% reference band · Yale SOM, Post-MBA Path Exhibit 2 (2023). Below that band a passive index fund likely outperforms; above it the franchisor has pricing power you're subsidizing.
Note: Item 19 revenue is what the franchisor discloses, and it is the top line only — gross sales are not profit. No FDD discloses the operating costs that turn one into the other, so those fields start empty and nothing is modelled until you supply them from your own lease quote, labor market and build-out budget.
Returns model · single-unit ROIC
What would one Jet-Black and Yellow Dawg Striping 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 ad fund rate, 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.
What 25 units return when you use SBA financing
Model B · Return on Equity: Debt-Financed Acquisition
Models a 25-unit portfolio acquisition financed with an SBA 7(a) loan. Shows equity IRR (your return on cash invested), DSCR (how safely the cash flow covers debt service), and the capital stack (SBA + seller + equity breakdown).
This is the “search fund” or “entrepreneurship through acquisition” scenario: you buy an existing multi-unit operator, use leverage to amplify returns, and either operate or hire management. The 25-unit size is the typical minimum for an SBA-backed franchise portfolio acquisition to pencil as a full-time income.
What “return on equity” means here: if you put in $500K of your own cash and the business generates enough EBITDA to pay down debt and grow, your equity IRR is the annual return on that $500K, including the value created when you eventually sell. Target IRR for a search fund is typically 25–35%.
Not modelled yet
An FDD discloses gross sales, not profit. We hold no sourced figure for ad fund rate, 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.
A 25-unit return is built on a per-unit EBITDA. Fill in the operating costs in Model A above and this model runs on that figure, or take the whole scenario to the full ROI workbench, where the portfolio and LBO models accept your own per-unit economics directly.
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: 2025 FDD
Financial Performance
Averaged per franchisee, not per outlet - not comparable with per-outlet figures
- Avg gross sales
- $584K
- Per franchisee, per year — not per outlet
Gross sales are revenue before expenses — not profit. Actual owner earnings depend on rent, labor, royalties, marketing fees, and debt service.
- Item 19 type
- gross sales
- Sample size
- 42 franchisees
- vs category median 32
- Reporting year
- 2024
- Fiscal year the figures cover
- Source filing
- FDD 2025
- Disclosed in the 2025 filing, covering 2024
- Transparency
- 8 / 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.
Unit economics
The average franchisee generates $584K/year in gross sales.
Fee burden
Total ongoing fee load of 8.0% (near the Home Services median).
Disclosure
Transparency score 8/10 — this franchisor discloses detailed breakdowns (quartiles, segments, or cohort data). Buyers can model unit economics with higher confidence.
Operator retention
System expanding at 15.5% CAGR over 3 years across 130 units — operators are staying and new ones are joining.
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 Jet-Black and Yellow Dawg Striping Compares
Per franchisee, not per outlet - the category median is per-outlet only, so no comparison is shown
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 2025 · Item 20
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 130
- Opened
- 14
- Last reporting year
- Closed
- 2
- Turnover rate
- 1.6%
- Company-owned
- 3
- Corporate units in the system
- % franchised
- 98%
- vs corporate-owned
- Net growth (3-yr)
- +15.5%
- Net unit change over 3 years
- 3-yr CAGR
- +15.5%
- Compounded over last 3 years
Last fiscal year · Item 20 exits and transfers
- Projected new
- 14
- Franchisor's next-year forecast
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 13 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
- Wisconsin
States where the franchisor is registered to sell new franchises (FDD registration filings).
Where the owners are · Item 20 owner list
48 current owners across 13 states; 2 former (terminated, transferred or not renewed) listed separately.
- MN 19
- NY 8
- FL 4
- CT 3
- IL 3
- MI 2
- OH 2
- PA 2
- CO 1
- NC 1
- NH 1
- NJ 1
- +1 more states
Counts only, from the list the franchisor prints in Item 20. Names and phone numbers are for your own due diligence and are not shown here.
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA 7(a) and 504 loan disclosures, public data unique to FranchiseVerdict.
- Total loans
- 11
- Loan volume
- $609K
- Median loan
- $55K
- average
- Charge-off rate
- Limited · 11 loans
- Limited SBA coverage: 11 loans, rate hidden until 10 have resolved and loans reach 2% of franchised units
Historical SBA 7(a) lending data, not predictive of future performance. How SBA charge-off rates are calculated
- Repayment rate (PIF)
- Limited · 11 loans
- 5-yr charge-off
- Limited · 11 loans
- Loans approved 2021+
- Active lenders
- 0
- Defaults
- 0
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
Moderate-to-caution risk: lack of financial disclosure transparency, going concern accounting issue, and below-average unit growth offset by strong per-unit economics and protected territories.
Litigation (Item 3)
Subject: officers or affiliates. The franchisor is not a named party in these cases.
0 case reference(s): 3 pending, 0 settled.
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · SDK CPAs
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Consolidated revenue of Jet-Black International, Inc. and Affiliate for the year ended December 31, 2024 (audited). Other revenue reflects interest income of $56,400.
ⓘ These are the parent company's consolidated financials (the parent guarantees the franchisor), not this brand's standalone results — the figure reflects the whole corporate group, not this brand alone.
Supplier relationship · Items 8 & 16
- Franchisor sells you products: Yes
- Kickbacks from required suppliers: Yes
- Must buy proprietary products: Yes
- Restricted to system-approved products: Yes
Score breakdown · what drove the 86 / 100 verdict
- 01MINORRoyalty structure tops out at 8% — high end could significantly erode the claimed $217,665 net income for top earners
- 02MINORModest unit growth of 11.8% YoY is slower than healthy franchise systems; insufficient to offset natural churn
Severity inferred from the FDD text · not a regulatory classification
What are you signing up for?
Ongoing fees run about 8.0% of sales (royalty + ad fund), before rent and labor.
Source: FDD 2025 · 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 |
| Online sales rightsℹ | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Optional |
| Non-compete (years)ℹ | 1 year |
| Right of first refusalℹ | Yes |
| RoFR response window | 15 days |
| Transfer requires consent | Yes |
| Termination notice | 30 days |
| Mandatory arbitration | Yes |
| Arbitration location | Minneapolis, Minnesota |
| Jury trial waiver | Yes |
| Governing law | State where Business is located |
| Litigation count | 0 |
View Item 3 litigation summary
0 case reference(s): 3 pending, 0 settled.
Items 10, 11
Training & Operations
- Classroom training
- 36 hrs
- On-the-job training
- 41 hrs
- Training location
- Savage, MN (and remotely for some subjects)
- Ongoing training
- Required
- Time to open
- 0 mo
- From signing to launch
- Franchisor financing
- Offered
- Item 10
- POS system
- STARS System
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: STARS System
Item 20 · call current owners
Franchisee Contacts
50 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 Jet-Black and Yellow Dawg Striping franchise?
The total investment to open a Jet-Black and Yellow Dawg Striping franchise ranges from $118K – $174K, with an initial franchise fee of $48K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do Jet-Black and Yellow Dawg Striping franchise owners earn?
According to Item 19 of the Jet-Black and Yellow Dawg Striping FDD, the average gross sales per unit is $584K. Important context: Averaged per franchisee, not per outlet - not comparable with per-outlet figures. Note: this is gross revenue, not profit. Actual owner earnings vary based on location, operating costs, and management.
Who owns Jet-Black and Yellow Dawg Striping?
Jet-Black and Yellow Dawg Striping is franchised by Jet-Black International, Inc.. Source: FDD Item 1, 2025 filing.
What is Item 19 in the Jet-Black and Yellow Dawg Striping 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 Jet-Black and Yellow Dawg Striping FDD and qualifies whose outlets they describe.
What is Jet-Black and Yellow Dawg Striping's franchise failure rate?
SBA 7(a) loan charge-off data is not available for Jet-Black and Yellow Dawg Striping (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 Jet-Black and Yellow Dawg Striping franchise locations are there?
As of their most recent FDD filing, Jet-Black and Yellow Dawg Striping has 130 total units in the United States, including 127 franchised units and 3 company-owned units. 14 new units were opened in the latest reporting year.
Is Jet-Black and Yellow Dawg Striping a good franchise to buy?
FranchiseVerdict rates Jet-Black and Yellow Dawg Striping as a A-grade franchise with a verdict score of 86 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
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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.