Mint ConditionFranchise Cost, Revenue & Review 2026
Data from FDD filing
FranchiseVerdict summary · 2026
A Mint Condition franchise requires a total initial investment of $118K – $719K, including a $84K franchise fee. Per the 2025 FDD, average unit revenue was $2.5M[2]. Verdict grade: A. Run a live ROI scan →
Data last verified June 18, 2026 · figures per the 2025 FDD issuance
Overview
- Investment
- $118K – $719K
- 45th pct Cleaning & Ma…
- Avg gross sales
- $2.5M
- 51st pct Cleaning & Ma…
- Royalty
- N/A
- Units
- 15
- 25th pct Cleaning & Ma…
- SBA default
- N/A
Quick verdict · Cleaning & Maintenance · color = vs category peers
Green = >15% above Cleaning & Maintenance avg · No shading = within ±15% · Red = >15% below avg · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
Each dollar invested generates 6.0x in gross revenue, well above the typical 1.5-2.5x range.
Franchising since 1996. Systems this mature have refined operations and brand recognition.
Franchised units fell from 14 to 10 over 3 years. Investigate why operators are leaving.
120% cash-on-cash return (based on Gross Margin). Above the 20% threshold most investors target.
Bottom line
- Total investment $118K – $719K including a $84K franchise fee.
- Average unit revenue of $2.5M/year, with an estimated 120% cash-on-cash return (based on Gross Margin). Note: this is gross profit, not take-home income.
- Verdict A (Top Quintile) with a risk score of 38/100.
Item 1 · who you're contracting with
The Franchisor
- Legal entity
- Mint Condition Franchise Group, LLC.
- Parent company
- Mint Condition Holdings, LLC
- Predecessor
- before us have been offering and selling Mint
- Prior franchisor entity
- CEO title
- President and Chairman of the Board
- John F. (Jack) Saumby
- CEO experience
- 37 yrs
- Years in role or industry
- Founder active
- Yes
- Original founder still leading the business
- Incorporated in
- SC
- HQ
- 1057 Red Ventures Drive, Suite 165, Fort Mill, South Carolina 29707
- Auditor
- Davies, Goldstein & Associates CPA’s PLLC
- Audited financials
- Franchisor revenue
- $892K
- vs $933K prior year
Affiliated brands
- that has been specifically formed to operate a Unit Franchise and perform services for customers in your Territory
- Mint Condition Properties
Other brands the franchisor or its parent operates (Item 1).
Overview
About
Mint Condition franchisees operate cleaning and restoration services, likely specializing in property conditioning, detailing, or restoration work. Day-to-day operations involve managing crews, customer acquisition, scheduling, quality control, and equipment maintenance across a protected territory.
- CEO
- John F. (Jack) Saumby
- Headquarters
- SC
- Founded
- 1996
- FDD year
- 2025
- States available
- 10
FDD Item 7 · 2025 filing · 17 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| Initial Master Franchise Fee | $84K | $642K | |
| Initial Office Supplies | $700 | $1K | |
| Initial Franchise Supplies | $500 | $650 | |
| Initial Rent and Deposit | $1K | $2K | |
| Office Furniture and Equipment | $1K | $3K | |
| Printing | $1K | $2K | |
| Permits, Licenses, and Fees | $600 | $2K | |
| Insurance Deposits | $1K | $2K | |
| Legal Fees | $2K | $5K | |
| Travel for Initial Training | $4K | $5K | |
| Computer Software | $2K | $6K | |
| Computer Hardware | $3K | $4K | |
| Telephone System | $200 | $450 | |
| Technology Fee | $840 | $1K | |
| Marketing for Individual Franchised Businesses (1st 3 Months) | $4K | $7K | |
| Marketing for New Commercial Accounts (1st 3 Months) | $5K | $8K | |
| Additional Funds - 3 months | $5K | $30K | |
| Total initial investment | $118K | $719K |
Line items extracted from FDD Item 7. Ranges reflect the franchisor's stated low and high per line. Total is the sum of line-item lows / highs — actual costs may fall outside this range depending on market and build-out scope.
Single-unit · estimated
Returns at a glance
Indicative numbers using FDD Item 7 / Item 19 inputs and category-benchmarked cost ratios. Full single-unit, 25-unit portfolio, and LBO models (with every input editable to stress-test your own scenario) live on the financials page.
Store EBITDA · annual
$305K
12.3% margin
Unlevered ROIC
70%
EBITDA / total invested capital
Payback
17 mo
cash-on-cash, unlevered
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $118K – $719K
- Near category avg vs category
- Liquid capital req'd
- $5K – $30K
- Better than avg vs category
- Franchise fee
- $84K – $642K
- Below avg, review vs category
- Royalty
- The greater of 4% of Gross Monthly Revenues or the minimu…
- Ad fund
- 0.8%
- typical 3–5%
- Total fee load
- 4.8%
- vs 9–13% typical
- Payback period
- 0.8 yrs
- From FDD / Item 19
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty (flat) | greater of 4% of Gross Monthly Revenues or minimum monthly fee |
| Marketing / ad fund | 0.8% of gross sales |
| Technology fee | $625 |
| Transfer fee | $10K |
| Inventory (initial) | $1K – $2K |
| Total fee load | 4.8% of rev |
A 4.8% total fee load is unusually lean. More of each revenue dollar stays with the franchisee.
Financial Performance
- Avg gross sales
- $2.5M
- Per unit, per year
- Median gross sales
- N/A
- Avg gross margin
- $503K
- Reported as Gross Margin in FDD Item 19
- Cash-on-cash
- 120.2%
- Based on Gross Margin / investment midpoint
- Item 19 type
- Gross Profit
- Sample size
- 11 units
- vs category median 31 · small
- Range (low → high)
- $266K→$4.7M
- Cohort dispersion (min → max)
- Quartile band
- $171K→$873K
- Bottom 25% → top 25%
- Transparency tier
- full
- Categorical assessment of disclosure depth
- Transparency
- 7 / 5
- vs category median 4 / 5 · above
Compared against 204 Cleaning & Maintenance brands
Revenue is 6.0x the investment midpoint. At typical franchise margins, this suggests a payback under 3 years.
vs Cleaning & Maintenance averages
How Mint Condition Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 15
- Opened
- 4
- Last reporting year
- Closed
- 0
- Terminated
- 0
- Franchisor ended the franchise (per Item 20)
- Non-renewed
- 0
- Term expired, not renewed (per Item 20)
- Turnover rate
- 0.0%
- Company-owned
- 1
- Corporate units in the system
- % franchised
- 93%
- vs corporate-owned
- Net growth (yr3)
- +40.0%
- Net unit change last year
- 3-yr CAGR
- +40.0%
- Compounded over last 3 years
3-year detail · Item 20
- Closed (3yr)
- 54
- Terminated (3yr)
- 1
- Transfers (3yr)
- 0
- Projected new
- 4
- Franchisor's next-year forecast
- Termination rate
- 6.7%
- Franchisor-initiated terminations
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 26 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
- Indiana
- Michigan
- Virginia
States where the franchisor is registered to sell new franchises (FDD registration filings).
Fast growth in a small system. Newer franchisors expanding quickly may not yet have the support infrastructure of larger systems.
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA 7(a) and 504 loan disclosures, public data unique to FranchiseVerdict.
No SBA loan data available for this brand.
Risk analysis
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Mint Condition exhibits caution-level risk due to litigation history, opaque royalty structure, aggressive growth trajectory, and missing financial validation despite solid unit-level revenues.
Litigation (Item 3)
Willis case (2014-2016): Seven franchisees filed complaint alleging breach of contract, fraud, constructive fraud, unjust enrichment, unfair trade practices, breach of fiduciary duty, tortious interference, and conversion. One plaintiff (McCauley) settled for $8,910. Remaining six cases dismissed without prejudice. Willis refiled and proceeded to trial; jury found Mint Condition breached franchise agreement, awarded Willis $11,443; Willis breached agreement, Mint Condition awarded $3,105. Harp case (2016): Franchisee filed complaint alleging breach of contract, fraud, unjust enrichment, and unfair/deceptive trade practices.
Largest disclosed settlement: $11,443
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Davies, Goldstein & Associates CPA’s PLLC
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Supplier relationship · Items 8 & 16
- Franchisor sells you products: No
- Kickbacks from required suppliers: Yes
- Must buy proprietary products: Yes
- Restricted to system-approved products: Yes
- Can negotiate own supplier terms: Yes
Score breakdown · what drove the 38 / 100 rating
- 01HIGHMultiple active litigation disclosures alleging breach of contract, fraud, and unfair trade practices indicate systemic franchisor-franchisee relationship issues
- 02MEDHigh royalty structure (greater of 4% or minimum monthly fee) with undisclosed minimum threshold creates unpredictable cost burden
- 03MINORRapid 40% YoY unit growth (9 to 15 units) may indicate aggressive recruitment outpacing sustainable support infrastructure
- 04HIGHZero franchise fee combined with litigation history suggests franchisor may prioritize unit growth over franchisee profitability
- 05HIGHGoing Concern disclosure is False but Item 19 financial data absent — unable to verify sustainability of franchisor operations or franchisee economics
Severity inferred from the FDD text · not a regulatory classification
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 10 years |
|---|---|
| Renewal term | 10 years |
| Territory type | Geographic (State or County) |
| Protected territory | Yes |
| Exclusive territoryℹ | No |
| Online sales rightsℹ | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Not allowed |
| Owner-operator | Required |
| Non-compete (years)ℹ | 2 years |
| Non-compete (miles)ℹ | 5 mi |
| Right of first refusalℹ | Yes |
| Transfer requires consent | Yes |
| Termination notice | 30 days |
| Curable defaultsℹ | 3 |
| Mandatory arbitration | No |
| Jury trial waiver | Yes |
| Governing law | North Carolina |
| Litigation count | 6 |
View Item 3 litigation summary
Willis case (2014-2016): Seven franchisees filed complaint alleging breach of contract, fraud, constructive fraud, unjust enrichment, unfair trade practices, breach of fiduciary duty, tortious interference, and conversion. One plaintiff (McCauley) settled for $8,910. Remaining six cases dismissed without prejudice. Willis refiled and proceeded to trial; jury found Mint Condition breached franchise agreement, awarded Willis $11,443; Willis breached agreement, Mint Condition awarded $3,105. Harp case (2016): Franchisee filed complaint alleging breach of contract, fraud, unjust enrichment, and unfair/deceptive trade practices.
Items 10, 11
Training & Operations
- Classroom training
- 87 hrs
- On-the-job training
- 29 hrs
- Training location
- On-site and corporate
- Ongoing training
- Required
- Franchisor financing
- Offered
- Item 10
- POS system
- WinTeam
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: WinTeam
Item 20 · call current owners
Franchisee Contacts
32 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
Mint Condition · FDD (2025) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Mint Condition franchise?
The total investment to open a Mint Condition franchise ranges from $118K – $719K, with an initial franchise fee of $84K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do Mint Condition franchise owners earn?
According to Item 19 of the Mint Condition FDD, the average gross sales per unit is $2.5M. Note: this is gross revenue, not profit. Actual owner earnings vary based on location, operating costs, and management.
What is Mint Condition's franchise failure rate?
SBA 7(a) loan charge-off data is not available for Mint Condition (fewer than 10 loans on file). Charge-off rates are one way to gauge franchise risk, but not all franchise loans go through the SBA program. We recommend reviewing turnover and closure data in the FDD and speaking with current franchisees.
How many Mint Condition franchise locations are there?
As of their most recent FDD filing, Mint Condition has 15 total units in the United States, including 14 franchised units and 1 company-owned units. 4 new units were opened in the latest reporting year.
Is Mint Condition a good franchise to buy?
FranchiseVerdict rates Mint Condition as a A-grade franchise with a risk score of 38 out of 100, based on our analysis of investment costs, revenue data, SBA loan performance, and growth trends. 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.
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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.