FranchiseVerdict
Lawn Pride logo
FV-01462·MODERATEExcellent86

Lawn Pride

Home Services - Lawn & LandscapingFranchising since 2023Website
Investment
$154K – $250K
63rd pct Lawn & Landsc…
Avg revenue
79th pct Lawn & Landsc…
Royalty
Units
6
29th pct Lawn & Landsc…
SBA default
0.0%
vs <3% typical

Bottom line

  • Total investment $154K – $250K including a $40K franchise fee.
  • No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
  • Rated MODERATE with a risk score of 57/100. SBA loan default rate of 0.0% across 26 loans (below the industry average).
  • Emerging franchise — only 3 years of franchising with 6 units. Early-stage systems carry higher risk but may offer better territory availability.

Item 1 · who you're contracting with

The Franchisor

Legal entity
Lawn Pride SPV LLC
Parent company
Neighborly Assetco LLC
Incorporated in
Delaware
HQ
1010 N. University Parks Drive, Waco, Texas 76707
Auditor
Ernst & Young LLP
Audited financials
Franchisor revenue
$384.0M
vs $451.9M 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 Lawn Pride 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: restoration
COGS
%
Labor
%
Rent / occupancy
%
Other operating
%
Total invested capital · what you actually put in
Initial investment
$
FDD Item 7: $154K–$250K
Working capital
$
FDD reports $15K–$75K

Unlevered ROIC · per unit

33%

In Yale's "attractive" band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$83K
EBITDA margin
11.0%
Total invested
$247K
Payback
36 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

Lawn Pride franchisees operate residential lawn care and maintenance services, including mowing, landscaping, and grounds upkeep. Day-to-day operations involve managing crews, scheduling customer appointments, handling equipment maintenance, and direct customer service within their protected territory. Revenue depends on seasonal demand and ability to build recurring customer contracts.

CEO
Michael Anthony Davis
Founded
2022
FDD year
2024
States available
5

Item 7 · what it costs

The Vitals

Total investment
$154K – $250K
All-in to open one unit
Liquid capital
$15K – $75K
Cash you must have on hand
Franchise fee
$40K
Royalty
up to 8% of Gross Sales
Ad fund
2.0%
typical 3–5%
Total fee load
10.0%
vs 9–13% typical

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
6
Opened
5
Last reporting year
Closed
0
Turnover rate
0.0%
Company-owned
1
Corporate units in the system
% franchised
83%
vs corporate-owned
2022
5+5
Franchised units
2023
0
Franchised units
2024
0
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.

Total loans
26
Loan volume
Avg loan
Default rate
0.0%
vs <3% typical · system-wide
5-yr default

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

Risk & Legal

57
Risk · 0-100
MODERATE57 / 100

Lawn Pride presents significant due diligence risk due to minimal system scale (6 units), absent financial disclosure, parent company compliance history, and inability to project franchisee profitability.

Score breakdown · what drove the 57 / 100 rating

  1. 01MEDOnly 6 units in system with unknown growth trajectory indicates extremely limited scale and no proof of viability
  2. 02MEDNo Item 19 financial disclosures (Avg Revenue/Net Income not disclosed) prevents ROI validation on $153,920–$249,820 investment
  3. 03HIGHParent company litigation history (2010 & 2017) involving affiliate brands suggests potential compliance culture issues across portfolio
  4. 04HIGHGoing Concern status is FALSE—ambiguous language that could indicate financial instability of franchisor
  5. 05MINORHigh royalty rate (up to 8%) combined with unknown profitability creates cash flow risk for franchisees
  6. 06MINORExtremely small unit count suggests either new franchise (unproven model) or failing system with high attrition

Severity inferred from the FDD text · not a regulatory classification

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

Contract & Territory Detail

Territory
Household count
Protected territory
Yes
Initial term
10 years
Renewal term
10 years
Online sales rights
Restricted
Franchisor can compete
Yes
Hire a manager?
Allowed
Litigation count
2
Right of first refusal
Yes
Franchisor can buy back on resale
Mandatory arbitration
No
Jury trial waiver
Yes
Non-compete
2 yrs
Post-termination restriction
Owner-operator
Required
Governing law
Texas

Item 11

Training & Operations

Classroom training
26 hrs
On-the-job training
0 hrs
POS system
Real Green
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

17 numbers

Locked
(651) 539-••••
MN
(410) 576-••••
MD
(317) 232-••••
IN

One-time purchase · CSV download · Validation questions included

FDD download

Lawn Pride · FDD (2024) PDF

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