Bottom line
- Total investment $34K – $119K including a $25K franchise fee, 7.0% ongoing royalty.
- No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
- Rated CAUTION with a risk score of 75/100.
- No Item 19 financial performance representation. Without franchisor-disclosed revenue data, you'll need to gather unit economics directly from existing franchisees.
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 Lighting Squad unit return on the cash you put in?
Unlevered ROIC · per unit
8%
Below typical band (30–60%)
Overview
About
Franchisees operate as lighting design and installation service providers, likely serving residential and/or commercial clients with consultative sales, product specification, and installation services. Day-to-day activities typically include client consultations, site surveys, quoting, procurement, installation/project management, and service callbacks.
Item 7 · what it costs
The Vitals
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
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 3 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.
No SBA loan data available for this brand.
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Lighting Squad presents extreme risk: single operating unit, undisclosed financials, going concern issues, and no validated revenue/profit data make this a pre-revenue or distressed franchise system.
Score breakdown · what drove the 75 / 100 rating
- 01MINOROnly 1 operating unit despite franchise model — indicates system is pre-revenue or collapsing
- 02HIGHGoing Concern status is FALSE — franchisor may be insolvent or financially unstable
- 03MEDNo Item 19 financial disclosure (Avg Revenue/Net Income not disclosed) — impossible to validate ROI claims
- 04MINORHigh franchise fee ($25,000) + wide investment range ($33,650–$119,000) suggests undefined cost structure
- 05MED7% royalty on undisclosed revenue baseline — franchisee has no benchmark for profitability
- 06MINORSingle unit with unknown growth trajectory — no proof of concept or replicable model
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
14 numbers
One-time purchase · CSV download · Validation questions included
FDD download
Lighting Squad · FDD (2024) PDF