FranchiseVerdict
Mighty Dog Roofing logo
FV-01630·STRONGExcellent95

Mighty Dog Roofing

Home Services - OtherFranchising since 2020Website
Investment
$172K – $224K
84th pct Other
Avg revenue
$1.5M
50th pct Other
Royalty
Units
388
94th pct Other
SBA default
0.0%
vs <3% typical

Bottom line

  • Total investment $172K – $224K including a $60K franchise fee.
  • Average unit revenue of $1.5M/year (median $1.0M).
  • Rated STRONG with a risk score of 44/100. SBA loan default rate of 0.0% across 280 loans (below the industry average).
  • System growing at 60.3% CAGR over 3 years with 388 total units — strong expansion trajectory.

Item 1 · who you're contracting with

The Franchisor

Legal entity
MDR United LLC
Parent company
JEZ Investments LLC
Incorporated in
Pennsylvania
HQ
2525 N. 117th Avenue, Omaha, Nebraska 68164
Auditor
Forvis Mazars, LLP
Audited financials
Franchisor revenue
$10.8M
vs $14.2M 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 Mighty Dog Roofing unit return on the cash you put in?

Revenue · per unit, per year
$
FDD Item 19 reports $1,484,000
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: $172K–$224K
Working capital
$
FDD reports $20K–$40K

Unlevered ROIC · per unit

65%

Above typical band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$148K
EBITDA margin
10.0%
Total invested
$228K
Payback
18 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 Mighty Dog Roofing units return on equity?

Edit assumptions

Equity IRR · 5-yr

49.9%

7.57× MOIC

Year-1 DSCR

1.88×

EBITDA ÷ debt service

Equity required

$890K

on $4.5M purchase

Total debt

$3.6M

SBA $2.2M + senior + seller note

Overview

About

Mighty Dog Roofing franchisees operate residential and commercial roofing repair and installation services in protected territories. Day-to-day activities include managing crews, estimating jobs, coordinating with suppliers, overseeing customer acquisition (often digital marketing), and ensuring quality control across roofing projects. Franchisees typically manage 5-15 employees and handle $1.48M average annual revenue through a combination of direct sales and insurance claim work.

CEO
Anthony "Tony" Hulbert
Founded
2020
FDD year
2026
States available
34

Item 7 · what it costs

The Vitals

Total investment
$172K – $224K
All-in to open one unit
Liquid capital
$20K – $40K
Cash you must have on hand
Franchise fee
$60K
Royalty
the greater of tiered 6% to 2% of Gross Revenue Collected…
Ad fund
3.0%
typical 3–5%
Total fee load
9.0%
vs 9–13% typical

Item 19

Financial Performance

Avg gross sales
$1.5M
Per unit, per year
Median gross sales
$1.0M
Item 19 type
Actual
Sample size
83 units
vs category median 21 · large
Range (low → high)
$53K$8.4M
Cohort dispersion
Transparency
4 / 5
vs category median 4 / 5 · typical
Revenue rank50th
vs Home Services - Other peers
Investment cost rank84th
Lower investment ranks lower (better)
Royalty rate rank54th
Lower royalty = lower percentile (better)
Unit count rank94th
vs Home Services - Other peers
Risk score rank14th
Lower risk = lower percentile (better)

Item 20 · unit dynamics

The Growth Chart

Total units
388
Opened
75
Last reporting year
Closed
41
Turnover rate
10.6%
Company-owned
0
Corporate units in the system
% franchised
100%
vs corporate-owned
Net growth (yr3)
+9.6%
Net unit change last year
3-yr CAGR
+60.3%
Compounded over last 3 years
2024
388+34
Franchised units
2025
354
Franchised units
2026
242
Franchised units

Year-over-year franchised unit counts and net change. Source: FDD Item 20.

Item 20 · 32 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 · 32 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
280
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

44
Risk · 0-100
STRONG44 / 100

Meaningful litigation risk with five pending franchisee rescission claims, absence of earnings disclosure, and modest growth despite 388 units warrant cautious due diligence before commitment.

Score breakdown · what drove the 44 / 100 rating

  1. 01HIGHNine total litigation actions (4 franchisor-initiated + 5 franchisee rescission claims) indicate material disputes and potential misrepresentation issues
  2. 02MINORNo Item 19 (Average Net Income) disclosure prevents accurate ROI assessment despite $171.5K-$224K initial investment
  3. 03MINORFive pending franchisee rescission lawsuits based on misrepresentation allegations suggest systemic disclosure or performance promise problems
  4. 04MINOR9.6% YoY unit growth is modest for a roofing services franchise; slower growth may indicate market saturation or franchisee dissatisfaction
  5. 05MINORTiered royalty structure with $500 minimum floor means lower-revenue franchisees pay disproportionately (up to 6% vs promised 2% at scale)

Severity inferred from the FDD text · not a regulatory classification

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

Contract & Territory Detail

Territory
Number of owner-occupied homes
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
9
Right of first refusal
Yes
Franchisor can buy back on resale
Mandatory arbitration
Yes
Jury trial waiver
Yes
Non-compete
2 yrs
Post-termination restriction
Owner-operator
Required
Governing law
Pennsylvania

Item 11

Training & Operations

Classroom training
123 hrs
On-the-job training
3 hrs
POS system
POS System
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

99 numbers

Locked
(614) 321-••••
OH
(952) 300-••••
MN
(561) 421-••••
FL

One-time purchase · CSV download · Validation questions included

FDD download

Mighty Dog Roofing · FDD (2026) PDF

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