Bottom line
- Total investment $402K – $1.0M including a $50K franchise fee, 6.0% ongoing royalty.
- No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
- Rated MODERATE with a risk score of 64/100. SBA loan default rate of 0.0% across 208 loans (below the industry average).
- 22 litigation matters disclosed in Item 3 — higher than typical. Review the summary for patterns (franchisor-initiated vs. franchisee-initiated).
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 LINE-X unit return on the cash you put in?
Unlevered ROIC · per unit
17%
Below typical band (30–60%)
Overview
About
LINE-X franchisees operate spray-on bedliner and vehicle upfit service centers, applying protective coatings to truck beds and customizing vehicles with accessories. Daily operations involve equipment maintenance, technician scheduling, customer intake, and in-shop application services. Revenue is tied to service volume and pricing power in local markets.
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 · 29 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
LINE-X presents HIGH RISK due to significant unit decline, widespread litigation tied to recent business model conversion, absent profitability data, and franchisor-franchisee discord suggesting systemic operational or financial stress.
Score breakdown · what drove the 64 / 100 rating
- 01MEDUnit count declined 21.1% YoY (142 units) indicating system contraction and potential franchisee struggles
- 02HIGH18 pending litigation actions primarily over non-compete disputes and 2024 system conversion suggests franchisor-franchisee conflict and operational disruption
- 03MINORNo average revenue or net income disclosure (Item 19) prevents assessment of unit profitability and ROI
- 04MINORHigh initial investment ($401K-$1M) combined with declining unit count increases financial risk for new entrants
- 05MINOR2024 conversion to royalty-based model appears contentious—multiple lawsuits filed; unclear if new model sustainable
- 06MINORWashington state consent order indicates regulatory scrutiny and past compliance issues
- 07MINOR6% royalty on bedliner services (primary offering) reduces net margins in already-thin service businesses
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
96 numbers
One-time purchase · CSV download · Validation questions included
FDD download
LINE-X · FDD (2026) PDF