Mighty Dog Roofing Franchise Cost, Revenue & Review 2026
- Investment
- $172K – $224K
- Disclosed sales
- $1.5M
- gross sales, not profit
- SBA charge-off
- 10.5%
- on 127 loans
Data from FDD filing + SBA 7(a) records
Analysis by FranchiseVerdict Research · Methodology
Mighty Dog Roofing is a home-services franchise providing residential and commercial roof repair, replacement, and inspection. Franchisees run a crew-based operation handling estimates, insurance-claim work, and installations in a protected territory.
FranchiseVerdict summary · 2026
A Mighty Dog Roofing franchise requires a total initial investment of $172K – $224K, including a $60K franchise fee and an ongoing 6.0% royalty[2]. Per the 2025 FDD, average revenue per franchisee was $1.5M. This franchisor reports Item 19 per franchisee rather than per outlet, so the figure is not comparable with per-outlet averages[2]. SBA 7(a) loans show a 10.5% charge-off rate across 127 loans[1]. FranchiseVerdict grade: A (Strongest tier), an editorial assessment, not investment advice. Run a live ROI scan →
Sources, dates and evidence
FDD issued: · Data extracted: · Last cited check: · Staleness risk: medium - issued 12 to 24 months ago; a newer filing is likely on file
Evidence: strong✓ Investment (Item 7)✓ Item 19 status✓ Units and owners (Item 20)✓ SBA loan coverage✓ Litigation (Item 3)✓ Financial statements (Item 21)✓ Franchisor identityhow this is scored4 of 6 headline figures on this page cite a page of the filing; the rest are marked “Not cited” beside the figure.
Overview
- Investment
- $172K – $224K
- 71st pct Home Services
- Avg gross sales
- $1.5M
- Per franchisee, not per outlet
- Royalty
- 6.0%
- 21st pct Home Services
- Units
- 388
- 84th pct Home Services
- SBA charge-off
- 10.5%
- % of SBA 7(a) loans not repaid · median varies by category
Quick verdict · Home Services · color = vs category peers
Green = favorable by >10% vs Home Services median · No shading = within ±10% · Red = unfavorable by >10% · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
Bottom line
- COSTTotal investment $172K – $224K including a $60K franchise fee, 6.0% ongoing royalty.
- RETURNSAverage revenue per franchisee of $1.5M/year. Averaged per franchisee, not per outlet - not comparable with per-outlet figures.
- RISKVerdict A (Strongest tier), verdict score 70/100 (higher is better). SBA loan charge-off rate of 10.5% across 127 loans (above the 16% franchise average, based on all SBA 7(a) franchise lending, 2010–2025).
- GROWTHPositive: net +34 franchised outlets in the latest year (75 opened, 0 closed); 20 signed but not yet open (Item 20).
- FLAG41 units terminated last reporting year (10.6% of the system). Ask existing franchisees why.
Item 1 · who you're contracting with
The Franchisor
Corporate structure & franchisor financials
- Legal entity
- MDR United LLC
- Parent company
- JEZ Investments LLC
- FDD Item 1, page 11 of the 2025 FDD
- Predecessor
- Roof Roof Franchising, LLC
- Prior franchisor entity
- CEO title
- Chief Executive Officer
- Anthony Hulbert
- Incorporated in
- PA
- HQ
- 2525 N. 117th Avenue, Third Floor, Omaha, Nebraska 68164
- Auditor
- Forvis Mazars, LLP
- Audited financials
- Franchisor revenue
- $14.2M
- vs $10.8M prior year
Affiliated brands
- HPB Automotive Sales
- MDR United Holdings
- HPB Accounting
- HorsePower Nation
- HPB Blinds and Shutters
Other brands the franchisor or its parent operates (Item 1).
Same owner · FDD Item 1, page 11
8 other brands on this site name JEZ Investments LLC as parent or ultimate parent in their own FDD.
- BUMBLE BEE BLINDSA
- Blingle!B
- Gatsby GlassB
- Groovy Hues Peace Love Paint PowerwashB
- Heroes Lawn CareB
- Stand Strong FencingA
- Varsity ZoneC
- iFoamF
Grouped by the owner's name as each filing prints it (this page: the 2025 FDD). Spelling variants of the same group may be listed apart; a brand is never grouped with an owner its filing does not name.
Overview
About
- CEO
- Anthony Hulbert
- Headquarters
- NE
- Founded
- 2020
- FDD year
- 2025
- States available
- 34
Can you afford it, and what does the money buy?
Entry cost runs 18% above the typical home services franchise.
Source: FDD 2025 · Items 5–7
FDD Item 7 · 2025 filing
Initial investment breakdown
| Cost component | Low | High |
|---|---|---|
| Initial franchise fee | $60K | $60K |
| Working capital (3–6 mo) | $20K | $40K |
| Equipment, build-out, other | $92K | $124K |
| Total initial investment | $172K | $224K |
Source: Mighty Dog Roofing 2025 FDD, Items 5 and 7[2]. “Equipment, build-out, other” is computed as total minus disclosed line items above.
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $172K – $224K
- Bottom third — review vs category
- Liquid capital req'd
- $20K – $40K
- Middle of category vs category
- Franchise fee
- $60K – $60K
- Middle of category vs category
- Royalty
- 6.0%
- Set by a formula · typical 6–8%
- Ad fund
- 0.0%
- typical 3–5%
- Total fee load
- 9.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 6.0% of gross sales |
| Marketing / ad fund | 0.0% |
| Technology fee | $792 |
| Training fee | $5K |
| Transfer fee | $12K |
| Renewal fee | $12K |
| Total fee load | 9.0% of rev |
What do units actually make?
Average unit sales run 153% above the home services norm.
Averaged per franchisee, not per outlet - not comparable with per-outlet figures
Source: FDD 2025 · Item 19
Single-unit · not modelled
Returns at a glance
An FDD discloses gross sales, not profit, and the operating costs that turn one into the other are in no filing. We publish no modelled return for Mighty Dog Roofing until someone supplies them — yours, in the models below.
—
Not modelled yet
An FDD discloses gross sales, not profit. We hold no sourced figure for COGS, labour, rent / occupancy and other operating costs, and will not substitute an assumed one. Enter your own and the model runs on your assumptions.
Total invested capital · disclosed
$228K
Item 7 initial investment plus working capital, as filed — the one figure here that needs no assumption.
ROI & LBO modelsSingle-unit · 25-unit portfolio · editable
What one unit earns on your invested capital
Model A · Single-Unit Return
Computes unlevered return on invested capital (ROIC) for a single franchise unit, read against the 30–60% reference band · Yale SOM, Post-MBA Path Exhibit 2 (2023). Below that band a passive index fund likely outperforms; above it the franchisor has pricing power you're subsidizing.
Note: Item 19 revenue is what the franchisor discloses, and it is the top line only — gross sales are not profit. No FDD discloses the operating costs that turn one into the other, so those fields start empty and nothing is modelled until you supply them from your own lease quote, labor market and build-out budget.
Returns model · single-unit ROIC
What would one Mighty Dog Roofing unit return on the cash you put in?
Illustrative category typicals — not sourced to any filing, survey or sample. Replace them with figures from franchisee validation calls before you rely on the output.
Unlevered ROIC · per unit
Your modelled return on total invested capital, before any debt financing.
—
An FDD discloses gross sales, not profit. We hold no sourced figure for COGS, labour, rent / occupancy and other operating costs, and will not substitute an assumed one. Enter your own and the model runs on your assumptions.
What 25 units return when you use SBA financing
Model B · Return on Equity: Debt-Financed Acquisition
Models a 25-unit portfolio acquisition financed with an SBA 7(a) loan. Shows equity IRR (your return on cash invested), DSCR (how safely the cash flow covers debt service), and the capital stack (SBA + seller + equity breakdown).
This is the “search fund” or “entrepreneurship through acquisition” scenario: you buy an existing multi-unit operator, use leverage to amplify returns, and either operate or hire management. The 25-unit size is the typical minimum for an SBA-backed franchise portfolio acquisition to pencil as a full-time income.
What “return on equity” means here: if you put in $500K of your own cash and the business generates enough EBITDA to pay down debt and grow, your equity IRR is the annual return on that $500K, including the value created when you eventually sell. Target IRR for a search fund is typically 25–35%.
Not modelled yet
An FDD discloses gross sales, not profit. We hold no sourced figure for COGS, labour, rent / occupancy and other operating costs, and will not substitute an assumed one. Enter your own and the model runs on your assumptions.
A 25-unit return is built on a per-unit EBITDA. Fill in the operating costs in Model A above and this model runs on that figure, or take the whole scenario to the full ROI workbench, where the portfolio and LBO models accept your own per-unit economics directly.
These models are for research and scenario planning only. Not investment advice. Actual results depend on your specific location, management, and market conditions. Consult a franchise attorney and accountant before signing any franchise agreement.
Item 19 · Source: 2025 FDD
Financial Performance
Averaged per franchisee, not per outlet - not comparable with per-outlet figures
- Avg gross sales
- $1.5M
- Per franchisee, per year — not per outlet
Gross sales are revenue before expenses — not profit. Actual owner earnings depend on rent, labor, royalties, marketing fees, and debt service.
- Item 19 type
- Gross Sales by quartile (multi-territory franchisees) + single-territory data
- Sample size
- 83 franchisees
- vs category median 32 · large
- Quartile band
- $279K→$3.4M
- Bottom 25% → top 25%, per franchisee
- Reporting year
- 2024
- Fiscal year the figures cover
- Source filing
- FDD 2025
- Disclosed in the 2025 filing, covering 2024
- Transparency
- 4 / 10
- vs category median 4 / 10 · typical
Compared against 319 Home Services brands
Operator outlook
What the numbers say
Data-driven interpretation of this brand's financial disclosures, fee structure, and system trajectory.
Unit economics
The average franchisee generates $1.5M/year in gross sales.
Fee burden
Total ongoing fee load of 9.0% (near the Home Services median).
Disclosure
Transparency score 4/10 — this franchisor discloses detailed breakdowns (quartiles, segments, or cohort data). Buyers can model unit economics with higher confidence.
Operator retention
System expanding at 60.3% CAGR over 3 years across 388 units — operators are staying and new ones are joining.
Source: FDD Item 19 financial performance representations and publicly filed FDD data. Past performance is not indicative of future results. Verify all figures with the franchisor and current franchisees before making any investment decision.
vs Home Services medians
How Mighty Dog Roofing Compares
Per franchisee, not per outlet - the category median is per-outlet only, so no comparison is shown
Category median of published Home Services brands that report the figure; the middle half spans the 25th to 75th percentile and n counts the brands behind it. Medians are used because a few very large systems pull an average far from the typical brand. Revenue is disclosed gross sales, not profit.
Is the system healthy?
Source: FDD 2025 · Item 20
This franchisor's Item 20 states that its outlet tables count territories rather than individual premises, so the figure above is a count of territories. We label a brand here only where its filing says so, and a brand that counts territories without stating it cannot be identified from its text — so this is not a complete list.
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 388
- Opened
- 75
- Last reporting year
- Closed
- 0
- Terminated
- 41
- Franchisor ended the franchise (per Item 20)
- Non-renewed
- 0
- Term expired, not renewed (per Item 20)
- Turnover rate
- 10.6%
- Company-owned
- 0
- Corporate units in the system
- % franchised
- 100%
- vs corporate-owned
- Net growth (3-yr)
- +60.3%
- Net unit change over 3 years
- 3-yr CAGR
- +60.3%
- Compounded over last 3 years
Last fiscal year · Item 20 exits and transfers
- Terminated
- 41
- Not renewed
- 0
- Transferred
- 20
- Reacquired
- 0
- Franchisor bought back
- Signed, not yet open
- 20
- 0.05 per open outlet · Item 20 Table 5
- Projected new
- 25
- Franchisor's next-year forecast
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 33 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 contact records (FDD Item 20). Shows states with at least one current operator on file. Full state registration data (Item 12) will appear on a future FDD refresh.
Available to sell in · Item 12
- California
- Hawaii
- Maryland
- Michigan
- Minnesota
- New York
- North Dakota
- Rhode Island
- Washington
States where the franchisor is registered to sell new franchises (FDD registration filings).
Where the owners are · Item 20 owner list
99 current owners across 33 states.
- FL 14
- PA 6
- TX 6
- CO 5
- GA 5
- MI 5
- TN 5
- AZ 4
- MA 4
- NC 4
- NJ 4
- OH 4
- +21 more states
Counts only, from the list the franchisor prints in Item 20. Names and phone numbers are for your own due diligence and are not shown here.
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA 7(a) and 504 loan disclosures, public data unique to FranchiseVerdict.
- Total loans
- 127
- Loan volume
- $29.2M
- Median loan
- $292K
- 50th percentile
- Charge-off rate
- 10.5%
- on 127 loans · rates vary by category · see methodology
Historical SBA 7(a) lending data, not predictive of future performance. How SBA charge-off rates are calculated
- Repayment rate (PIF)
- 89.5%
- 5-yr charge-off
- 10.5%
- Loans approved 2021+
- Active lenders
- 10
- Defaults
- 2
- Typical loan rate
- 8.6%
- avg rate to borrowers
- vs industry
- 17.4%
- brand is below its industry ↓
- Jobs supported
- 923
- 3.2 per loan
- Lender concentration
- 86%
- top lender's share
Borrower mix: 99% went to startups / new businesses, 1% to established operators
Vintage analysis
Mighty Dog Roofing charge-off rate by loan vintage
Top lenders financing Mighty Dog Roofing franchisees
Showing 3 of 10 lenders. The full breakdown — every lender, state distribution, interest rates & risk ratings — is in the SBA Lending Report below.
Explore lender portfolios on Bank Reports or regional data on State Reports.
Lender network · 7(a) + 504
SBA Lending Report
Full lending analysis for Mighty Dog Roofing from SBA 7(a) FOIA data.
- Principal loss rate
- 0.3%
- Avg SBA guarantee
- 67%
- Avg interest rate
- 8.61%
- Avg chargeoff amount
- $37K
- Lender concentration
- 85.8%
- Job velocity
- 3.2 per $100K
- NAICS benchmark
- 17.4%
- NAICS 238160
- Jobs supported
- 923
Top SBA lendersTop lender holds 86% of loans
| # | Lender | Loans | Volume | Default % |
|---|---|---|---|---|
| 1 | The Huntington National Bank | 109 | $23.4M | 11.1% |
| 2 | First Bank of the Lake | 7 | $2.3M | N/A |
| 3 | Cadence Bank | 2 | $709K | N/A |
| 4 | Banner Bank | 2 | $291K | 0.0% |
| 5 | First Commonwealth Bank | 2 | $785K | N/A |
| 6 | TD Bank, National Association | 1 | $322K | N/A |
| 7 | Arizona Financial Credit Union | 1 | $264K | N/A |
| 8 | Dogwood State Bank | 1 | $548K | N/A |
| 9 | German American Bank | 1 | $252K | N/A |
| 10 | SouthState Bank, National Association | 1 | $350K | N/A |
Geographic failure vector
| State | Loans | Defaults | Rate |
|---|---|---|---|
| TXTexas | 20 | 1 | 25.0% |
| FLFlorida | 17 | 0 | -- |
| NJNew Jersey | 9 | 0 | -- |
| COColorado | 8 | 1 | 25.0% |
| GAGeorgia | 7 | 0 | 0.0% |
| MIMichigan | 6 | 0 | 0.0% |
| NCNorth Carolina | 6 | 0 | -- |
| TNTennessee | 6 | 0 | -- |
| KSKansas | 4 | 0 | -- |
| MNMinnesota | 4 | 0 | -- |
SBA 7(a) lending trend
Borrower profile
Source: SBA 7(a) + 504 FOIA loan-level data, matched by FranchiseVerdict
What could kill this investment?
SBA loans charge off at 10.5% — 34% below the 16.0% national norm, i.e. lower lender-observed risk.
Source: SBA 7(a) FOIA · FDD Items 3, 21
Risk analysis
FranchiseVerdict rating + FDD Items 3, 4, 8, 16, 21
Risk & Legal
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.
Litigation (Item 3)
Subject: the franchisor is a named party (defendant).
4 franchisor-initiated suits against former franchisees for non-compete/royalty violations (Backporch Partners, TRI JB Corp, Flex Nine Exteriors, Warrior Home Services); 4 suits filed against franchisor by franchisees alleging fraudulent misrepresentation and breach of contract (Labento LLC, ECR Home Concepts, Gortz Enterprises, JMR Capital Holdings)
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Forvis Mazars, LLP
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
FY2024 audited Statement of Income: Franchise fees $3,425,936; Royalties $8,307,137; Other service fees $2,472,373; total revenues $14,205,446. Members' deficit (negative equity) of $(674,704) at 12/31/2024.
Supplier relationship · Items 8 & 16
- Franchisor sells you products: Yes
- Must buy proprietary products: No
- Restricted to system-approved products: Yes
Score breakdown · what drove the 70 / 100 verdict
- 01HIGHNine total litigation actions (4 franchisor-initiated + 5 franchisee rescission claims) indicate material disputes and potential misrepresentation issues
- 02MINORNo Item 19 (Average Net Income) disclosure prevents accurate ROI assessment despite $171.5K-$224K initial investment
- 03MINORFive pending franchisee rescission lawsuits based on misrepresentation allegations suggest systemic disclosure or performance promise problems
- 04MINOR9.6% YoY unit growth is modest for a roofing services franchise; slower growth may indicate market saturation or franchisee dissatisfaction
- 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
What are you signing up for?
Ongoing fees run about 9.0% of sales (royalty + ad fund), before rent and labor.
Source: FDD 2025 · Items 11, 12, 17
FDD Items 12, 15, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 10 years |
|---|---|
| Renewal term | 10 years |
| Allowed renewalsℹ | 1 |
| Territory type | Protected territory |
| Protected territory | Yes |
| Exclusive territoryℹ | No |
| Territory population | 50,000 |
| Online sales rightsℹ | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Required |
| Non-compete (years)ℹ | 2 years |
| Non-compete (miles)ℹ | 25 mi |
| Right of first refusalℹ | Yes |
| RoFR response window | 30 days |
| Transfer requires consent | Yes |
| Termination notice | 30 days |
| Termination groundsℹ | 1 |
| Curable defaultsℹ | 3 |
| Mandatory arbitration | Yes |
| Arbitration location | Bucks County, Pennsylvania |
| Jury trial waiver | Yes |
| Governing law | PA |
| Litigation count | 8 |
View Item 3 litigation summary
4 franchisor-initiated suits against former franchisees for non-compete/royalty violations (Backporch Partners, TRI JB Corp, Flex Nine Exteriors, Warrior Home Services); 4 suits filed against franchisor by franchisees alleging fraudulent misrepresentation and breach of contract (Labento LLC, ECR Home Concepts, Gortz Enterprises, JMR Capital Holdings)
Items 10, 11
Training & Operations
- Classroom training
- 36 hrs
- On-the-job training
- 57 hrs
- Training location
- Omaha, Nebraska (Phase III); online/webinar (Phase I and II)
- Ongoing training
- Required
- Time to open
- 6 mo
- From signing to launch
- Site selection
- Franchisor defines Protected Territory; franchisee selects home office or leased location within territory subject to franchisor approval
- Franchisor financing
- Offered
- Item 10
- POS system
- POS System
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: POS System
Item 20 · call current owners
Franchisee Contacts
99 owners to call
Name · phone · city · state. Extracted from FDD Item 20
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Mighty Dog Roofing franchise?
The total investment to open a Mighty Dog Roofing franchise ranges from $172K – $224K, with an initial franchise fee of $60K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do Mighty Dog Roofing franchise owners earn?
According to Item 19 of the Mighty Dog Roofing FDD, the average gross sales per unit is $1.5M. Important context: Averaged per franchisee, not per outlet - not comparable with per-outlet figures. Note: this is gross revenue, not profit. Actual owner earnings vary based on location, operating costs, and management.
Who owns Mighty Dog Roofing?
Mighty Dog Roofing is franchised by MDR United LLC. Its parent company is JEZ Investments LLC. Source: FDD Item 1, 2025 filing.
What is Item 19 in the Mighty Dog Roofing FDD?
The FDD section where a franchisor may disclose financial performance of its outlets. Disclosure is optional and formats vary; figures are typically gross sales, which is revenue before expenses, not profit. FranchiseVerdict extracts these figures directly from the Mighty Dog Roofing FDD and qualifies whose outlets they describe.
What is Mighty Dog Roofing's franchise failure rate?
Based on SBA 7(a) loan data, Mighty Dog Roofing has a charge-off rate of 10.5% across 127 loans, meaning 10.5% of franchise loans were charged off. Charge-off rates are one proxy for franchise risk, though they do not capture all closures. This data comes from FOIA-sourced SBA lending records.
How many Mighty Dog Roofing franchise locations are there?
As of their most recent FDD filing, Mighty Dog Roofing has 388 total units in the United States, including 388 franchised units and 0 company-owned units. 75 new units were opened in the latest reporting year.
Is Mighty Dog Roofing a good franchise to buy?
FranchiseVerdict rates Mighty Dog Roofing as a A-grade franchise with a verdict score of 70 out of 100 (higher is better). The grade is a deterministic score built from six weighted dimensions — financial health, unit economics, unit growth, scale, legal, and transparency — then calibrated against SBA loan charge-off rates and FDD age. Transparency is one of the six, so a filing that discloses less scores lower on that dimension than one that discloses more. Our rating is based solely on publicly available FDD and government data; we recommend speaking with current franchisees before making any investment decision. This is not investment advice.
Data sourced from public FDD filings and SBA 7(a) FOIA records. Not financial advice.
For franchisors
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Data extracted from public FDD filings and SBA 7(a) loan disclosures (FOIA). This information is provided for research purposes only and does not constitute financial, legal, or investment advice. Verify all figures with the franchisor's current Franchise Disclosure Document before making any investment decision.