Linc Service
Formerly known as ABM Franchising Group
Bottom line
- Total investment $67K – $140K including a $75K franchise fee.
- Average unit revenue of $9.8M/year.
- Rated MODERATE with a risk score of 60/100. SBA loan default rate of 0.0% across 5 loans (below the industry average).
- System contracting at -2020% CAGR over 3 years. Investigate whether closures are franchisor-driven (consolidation) or franchisee-driven (economics).
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 Linc Service unit return on the cash you put in?
Unlevered ROIC · per unit
944%
Above typical band (30–60%)
Levered LBO scenario · Yale Crease Capital framing
What would 25 Linc Service units return on equity?
Equity IRR · 5-yr
26.0%
3.17× MOIC
Year-1 DSCR
3.19×
EBITDA ÷ debt service
Equity required
$15.5M
on $29.3M purchase
Total debt
$13.8M
SBA $5.0M + senior + seller note
Overview
About
Linc Service franchisees operate field service businesses (likely HVAC, plumbing, electrical, or facility maintenance) managing technician teams, customer acquisition, and scheduling to serve residential or commercial accounts. Day-to-day activities involve dispatch operations, customer communication, job quality oversight, and local marketing to build recurring revenue contracts.
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 · 31 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
Declining franchisee base, undisclosed profitability metrics, and corporate going concern issues present material risk despite reasonable royalty rates and protected territory.
Score breakdown · what drove the 60 / 100 rating
- 01MEDUnit count declined 9.0% year-over-year (103 units) suggesting system contraction and franchisee struggles
- 02MEDNo average net income disclosed despite $9.75M average revenue — opaque profitability makes ROI impossible to validate
- 03MINORHigh franchise fee ($75,000) combined with wide investment range ($66.5K-$140K) indicates unclear total cost of ownership
- 04HIGHGoing Concern status is FALSE — potential financial instability at corporate level raises system viability questions
- 05MINORRoyalty range of 2.5%-4.5% lacks transparency on what determines tier placement and actual franchisee burden
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
71 numbers
One-time purchase · CSV download · Validation questions included
FDD download
Linc Service · FDD (2026) PDF