FranchiseVerdict
Kitset Assembly Services logo
FV-01420·MODERATEStandard71

Kitset Assembly Services

OtherFranchising since 2023Website
Investment
$96K – $146K
33rd pct Other
Avg revenue
50th pct Other
Royalty
Units
0
0th pct Other
SBA default

Bottom line

  • Total investment $96K – $146K including a $50K franchise fee.
  • No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
  • Rated MODERATE with a risk score of 65/100.
  • Auditor disclosed a going-concern note — flagged doubt about the franchisor's ability to continue operations. Verify against the latest FDD.

Item 1 · who you're contracting with

The Franchisor

Legal entity
KITSET ASSEMBLY SERVICES U.S. LLC
Parent company
KITSET ASSEMBLY SERVICES U.S. HOLDING INC.
Incorporated in
Arizona
HQ
7400 N. Oracle Road, Suite 150-410, Tucson, AZ 85704
Auditor
Kezos & Dunlavy
Audited financials
Franchisor revenue
$0
vs $4K prior year
⚠ Going-concern note
Disclosed in FDD 2025
Auditor flagged doubt about continued operations. Verify against the latest FDD before deciding.

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 Kitset Assembly Services unit return on the cash you put in?

Revenue · per unit, per year
$
Item 19 not disclosed — typing your own estimate
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: $96K–$146K
Working capital
$
FDD reports $10K–$15K

Unlevered ROIC · per unit

79%

Above typical band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$105K
EBITDA margin
14.0%
Total invested
$133K
Payback
15 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.

Overview

About

Kitset Assembly Services franchisees provide on-site assembly and installation services for ready-to-assemble (RTA) furniture, cabinetry, and flat-pack products for residential and commercial customers. Day-to-day operations include customer acquisition, scheduling installations, managing assembly crews, quality control, and invoicing. The model appears to be a service-based business requiring minimal inventory.

CEO
Grant Nye
Founded
2022
FDD year
2025
States available
0

Item 7 · what it costs

The Vitals

Total investment
$96K – $146K
All-in to open one unit
Liquid capital
$10K – $15K
Cash you must have on hand
Franchise fee
$50K
Royalty
$1,000 per calendar month
Ad fund
$250

Item 19

Financial Performance

This franchisor did not disclose financial performance representations in Item 19, or our extractor could not parse them.

Item 20 · unit dynamics

The Growth Chart

Total units
0
Opened
0
Last reporting year
Closed
0
Company-owned
0
Corporate units in the system
2023
0±0
Franchised units
2024
0
Franchised units
2025
0
Franchised units

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

Item 20 · 21 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 · 21 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

65
Risk · 0-100
MODERATE65 / 100

Pre-revenue franchise system with zero units, no financial disclosure, and unproven business model presents substantial validation and profitability risk.

Score breakdown · what drove the 65 / 100 rating

  1. 01MINORZero existing franchise units with unknown growth trajectory raises questions about system viability and market validation
  2. 02MINORNo Item 19 disclosure of average revenue or net income prevents ROI assessment on $95,700–$146,050 investment
  3. 03MED$1,000/month royalty ($12,000/year) on undisclosed revenue creates uncertainty about profitability threshold
  4. 04MINORHigh franchise fee ($49,500) represents 52% of minimum total investment with no performance data to justify cost
  5. 05MED5-year term is shorter than industry standard (10 years), suggesting limited franchisor confidence or increased renewal uncertainty
  6. 06MINORComplete absence of operating franchisee base eliminates peer validation and reference checks

Severity inferred from the FDD text · not a regulatory classification

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

Contract & Territory Detail

Territory
Home Territory (HT) and Nominated Work Territory (NWT)
Protected territory
Yes
Initial term
5 years
Renewal term
5 years
Online sales rights
Restricted
Franchisor can compete
Yes
Hire a manager?
Not allowed
Litigation count
0
Right of first refusal
Yes
Franchisor can buy back on resale
Mandatory arbitration
No
Non-compete
2 yrs
Post-termination restriction
Owner-operator
Required
Governing law
Arizona

Item 11

Training & Operations

Classroom training
26 hrs
On-the-job training
128 hrs
POS system
Toolkit Software
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
(217) 782-••••
IL
(212) 416-••••
NY
(402) 471-••••
NE

One-time purchase · CSV download · Validation questions included

FDD download

Kitset Assembly Services · FDD (2025) PDF

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