FranchiseVerdict
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FV-01533·STRONGExcellent91

MAACO

Automotive - Repair & ServiceFranchising since 1972Website
Investment
$196K – $4.0M
51st pct Repair & Serv…
Avg revenue
$1.6M
41st pct Repair & Serv…
Royalty
8.0%
59th pct Repair & Serv…
Units
363
81st pct Repair & Serv…
SBA default
0.0%
vs <3% typical

Bottom line

  • Total investment $196K – $4.0M including a $45K franchise fee, 8.0% ongoing royalty.
  • Average unit revenue of $1.6M/year (median $1.3M).
  • Rated STRONG with a risk score of 52/100. SBA loan default rate of 0.0% across 137 loans (below the industry average).
  • 12 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

Legal entity
MAACO FRANCHISOR SPV LLC
Parent company
Driven Systems LLC
Incorporated in
Delaware
HQ
440 South Church Street, Suite 700, Charlotte, North Carolina 28202
Auditor
PricewaterhouseCoopers LLP
Audited financials
Franchisor revenue
$290K
vs $270K 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 Maaco unit return on the cash you put in?

Revenue · per unit, per year
$
FDD Item 19 reports $1,615,904
Franchisor take · royalty + ad fund
Royaltytyp 68%
%
Ad fundtyp 35%
%
Operating costs · category default: automotive
COGS
%
Labor
%
Rent / occupancy
%
Other operating
%
Total invested capital · what you actually put in
Initial investment
$
FDD Item 7: $196K–$4.0M
Working capital
$
FDD reports $50K–$75K

Unlevered ROIC · per unit

10%

Below typical band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$226K
EBITDA margin
14.0%
Total invested
$2.2M
Payback
114 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.

Levered LBO scenario · Yale Crease Capital framing

What would 25 Maaco units return on equity?

Edit assumptions

Equity IRR · 5-yr

43.0%

5.98× MOIC

Year-1 DSCR

2.03×

EBITDA ÷ debt service

Equity required

$2.9M

on $11.3M purchase

Total debt

$8.4M

SBA $5.0M + senior + seller note

SBA 7(a) request ($5.7M) exceeds the $5M program cap. Excess capped automatically; backfill via conventional or equity.

Overview

About

Maaco franchisees operate automotive collision repair and paint shops, managing day-to-day operations including customer intake, damage assessment, repair scheduling, paint/body work execution, quality control, and customer delivery. Franchisees handle local marketing, hiring/training technicians, inventory management, and business accounting while adhering to Maaco's standardized processes and brand standards.

CEO
Daniel Rivera
Founded
2015
FDD year
2025
States available
45

Item 7 · what it costs

The Vitals

Total investment
$196K – $4.0M
All-in to open one unit
Liquid capital
$50K – $75K
Cash you must have on hand
Franchise fee
$45K
Royalty
8.0%
Gross Receipts · typical 6–8%
Ad fund
1200 per week
Total fee load
8.0%
vs 9–13% typical

Item 19

Financial Performance

Avg gross sales
$1.6M
Per unit, per year
Median gross sales
$1.3M
Item 19 type
Historical Average and Median Gross Receipts
Sample size
317 units
vs category median 59 · large
Range (low → high)
$446K$10.5M
Cohort dispersion
Transparency
4 / 5
vs category median 4 / 5 · typical
Revenue rank41th
vs Automotive - Repair & Service peers
Investment cost rank51th
Lower investment ranks lower (better)
Royalty rate rank59th
Lower royalty = lower percentile (better)
Unit count rank81th
vs Automotive - Repair & Service peers
Risk score rank23th
Lower risk = lower percentile (better)

Item 20 · unit dynamics

The Growth Chart

Total units
363
Opened
6
Last reporting year
Closed
19
Turnover rate
5.2%
Company-owned
0
Corporate units in the system
% franchised
100%
vs corporate-owned
Multi-unit owners
13.6%
Net growth (yr3)
-3.5%
Net unit change last year
3-yr CAGR
-8.8%
Compounded over last 3 years
2023
363-13
Franchised units
2024
376
Franchised units
2025
398
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
137
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

52
Risk · 0-100
STRONG52 / 100

Maaco presents high-risk profile with a shrinking franchise system, absent profitability data, unresolved securities litigation, and unprotected territories that threaten franchisee sustainability.

Score breakdown · what drove the 52 / 100 rating

  1. 01MINORDeclining unit count (-3.5% YoY) signals system contraction and market saturation concerns
  2. 02MINORNo average net income disclosure prevents ROI validation despite $196k-$4M investment range
  3. 03HIGHMultiple active litigations including shareholder derivative and securities class actions create franchisor stability uncertainty
  4. 04MINORNo protected territory combined with 363 competing units increases cannibalization risk
  5. 05MED8% royalty on $1.6M average revenue = $128k annual royalty burden with undisclosed profitability
  6. 06HIGHGoing concern status is FALSE but pending securities litigation suggests financial/operational stress at parent level

Severity inferred from the FDD text · not a regulatory classification

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

Contract & Territory Detail

Territory
Core Based Statistical Area (CBSA)
Protected territory
No
Initial term
15 years
Renewal term
15 years
Online sales rights
Restricted
Franchisor can compete
Yes
Hire a manager?
Not allowed
Litigation count
12
Right of first refusal
Yes
Franchisor can buy back on resale
Mandatory arbitration
No
Jury trial waiver
Yes
Non-compete
1 yrs
Post-termination restriction
Owner-operator
Required
Governing law
North Carolina

Item 11

Training & Operations

Classroom training
127 hrs
On-the-job training
0 hrs
POS system
CCC One
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

29 numbers

Locked
(518) 473-••••
NY
(161) 643-••••
(317) 232-••••
IN

One-time purchase · CSV download · Validation questions included

FDD download

Maaco · FDD (2025) PDF

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