Bottom line
- Total investment $95K – $174K including a $48K franchise fee.
- Average unit revenue of $584K/year (median $401K). Estimated payback in 0.6 years.
- Rated STRONG with a risk score of 39/100. SBA loan default rate of 0.0% across 11 loans (below the industry average).
- System growing at 22.6% CAGR over 3 years with 117 total units — strong expansion trajectory.
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 Jet-Black and Yellow Dawg Striping unit return on the cash you put in?
Unlevered ROIC · per unit
59%
In Yale's "attractive" band (30–60%)
Levered LBO scenario · Yale Crease Capital framing
What would 25 Jet-Black and Yellow Dawg Striping units return on equity?
Equity IRR · 5-yr
49.9%
7.57× MOIC
Year-1 DSCR
1.88×
EBITDA ÷ debt service
Equity required
$818K
on $4.1M purchase
Total debt
$3.3M
SBA $2.0M + senior + seller note
Overview
About
Franchisees operate parking lot and facility striping services, applying thermoplastic and paint markings for commercial, industrial, and municipal clients. Day-to-day work involves equipment operation, crew management, and site logistics; recurring revenue often comes from maintenance contracts and seasonal re-striping.
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
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.
Score breakdown · what drove the 39 / 100 rating
- 01MEDNo Item 19 (Financial Performance Representations) disclosed — cannot independently verify claimed $217,665 avg net income
- 02HIGHGoing Concern footnote present — suggests franchisor may have reported going concern warnings in financial statements
- 03MINORWide investment range ($94,800–$173,773) indicates inconsistent startup costs and unclear value proposition
- 04MINORRoyalty structure tops out at 8% — high end could significantly erode the claimed $217,665 net income for top earners
- 05MINORModest 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
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
52 numbers
One-time purchase · CSV download · Validation questions included
FDD download
Jet-Black and Yellow Dawg Striping · FDD (2025) PDF