Mint Condition Franchise Cost, Revenue & Review 2026
- Investment
- $118K – $719K
- Disclosed sales
- $1.7M
- gross sales, not profit
- SBA charge-off
- Not SBA-matched
Data from FDD filing
Analysis by FranchiseVerdict Research · Methodology
Mint Condition is a commercial cleaning franchise providing janitorial services to offices and facilities. Franchisees run the operations, building recurring cleaning contracts and managing crews and accounts.
FranchiseVerdict summary · 2026
A Mint Condition franchise requires a total initial investment of $118K – $719K, including a $84K – $642K franchise fee and an ongoing 4.0% royalty[2]. This franchisor states the initial franchise fee as a rule rather than as one amount, so the figure shown is a single point from it and not what every franchisee pays. Item 5 states it as: This Initial Master Franchise Fee varies with a minimum of $84,000 or $84 per 1,000 of population in your Territory, whichever is greater. This fee is for a master or area-representative grant rather than a single unit, so it is not comparable with the single-unit fees shown for other brands. Per the 2025 FDD, average unit revenue was $1.7M[2]. FranchiseVerdict grade: B (Above average), 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 scored7 of 8 headline figures on this page cite a page of the filing; the rest are marked “Not cited” beside the figure.
Overview
- Investment
- $118K – $719K
- 46th pct Cleaning & Ma…
- Avg gross sales
- $1.7M
- Incl. company outlets28th pct Cleaning & Ma…
- Royalty
- 4.0%
- 3rd pct Cleaning & Ma…
- Units
- 15
- 24th pct Cleaning & Ma…
- SBA charge-off
- N/A
Quick verdict · Cleaning & Maintenance · color = vs category peers
Green = favorable by >10% vs Cleaning & Maintenance 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 $118K – $719K including a $84K franchise fee, 4.0% ongoing royalty. This franchisor states the initial franchise fee as a rule rather than as one amount, so the figure shown is a single point from it and not what every franchisee pays. Item 5 states it as: This Initial Master Franchise Fee varies with a minimum of $84,000 or $84 per 1,000 of population in your Territory, whichever is greater. This fee is for a master or area-representative grant rather than a single unit, so it is not comparable with the single-unit fees shown for other brands.
- RETURNSAverage unit revenue of $1.7M/year (median $1.7M) (includes company-owned outlets). Note: this is gross profit, not take-home income.
- RISKVerdict B (Above average), verdict score 60/100 (higher is better).
- GROWTHPositive: net +4 franchised outlets in the latest year (4 opened, 0 closed) (Item 20).
Item 1 · who you're contracting with
The Franchisor
Corporate structure & franchisor financials
- Legal entity
- Mint Condition Franchise Group, LLC
- Parent company
- Mint Condition Holdings, LLC
- FDD Item 1, page 8 of the 2025 FDD
- Predecessor
- Mint Condition Franchising, Inc. (later Mint Condition of Charlotte, Inc.)
- 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
- BGW CPA, PLLC
- Audited financials
- Franchisor revenue
- $1.6M
- 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
- CEO
- John F. (Jack) Saumby
- Headquarters
- SC
- FDD year
- 2025
- States available
- 10
Can you afford it, and what does the money buy?
Entry cost runs 147% above the typical cleaning & maintenance franchise.
Source: FDD 2025 · Items 5–7
This franchisor states the initial franchise fee as a rule rather than as one amount, so the figure shown is a single point from it and not what every franchisee pays. Item 5 states it as: This Initial Master Franchise Fee varies with a minimum of $84,000 or $84 per 1,000 of population in your Territory, whichever is greater.
This fee is for a master or area-representative grant rather than a single unit, so it is not comparable with the single-unit fees shown for other brands.
Full Item 7 breakdown17 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.
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $118K – $719K
- Middle of category vs category
- Liquid capital req'd
- $5K – $30K
- Top 40% of category vs category
- Franchise fee
- $84K – $642K
- Master/area fee
- Royalty
- 4.0%
- Set by a formula · typical 6–8%
- Ad fund
- 0.8%
- typical 3–5%
- Total fee load
- 4.8%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 4.0% of gross sales |
| Marketing / ad fund | 0.8% of gross sales |
| Technology fee | $840 |
| 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.
What do units actually make?
Average unit sales run 221% above the cleaning & maintenance norm.
Includes company-owned outlets
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 Mint Condition 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
$436K
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 Mint Condition 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
Includes company-owned outlets
- Avg gross sales
- $1.7M
- Per unit, per year
- Median gross sales
- $1.7M
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 billings
- Sample size
- 11 outlets
- vs category median 32 · small
- Range (low → high)
- $266K→$4.7MCited, not corroborated — printed on page 40 of the 2025 FDD. Nothing else in our record independently restates or re-derives it.
- Cohort dispersion (min → max)
- Reporting year
- 2024
- Fiscal year the figures cover
- Source filing
- FDD 2025
- Disclosed in the 2025 filing, covering 2024
- Transparency
- 7 / 10
- vs category median 4 / 10 · above
Compared against 191 Cleaning & Maintenance brands
Revenue is 4.1x the investment midpoint. At typical franchise margins, this suggests a payback under 3 years.
Operator outlook
What the numbers say
Data-driven interpretation of this brand's financial disclosures, fee structure, and system trajectory.
Unit economics
Average unit generates $1.7M/year in gross sales. Revenue-to-investment ratio: 4.1x. Includes company-owned outlets.
Fee burden
Total ongoing fee load of 4.8% — below the Cleaning & Maintenance median of 8.3%.
Disclosure
Transparency score 7/10 — this franchisor discloses detailed breakdowns (quartiles, segments, or cohort data). Buyers can model unit economics with higher confidence.
Operator retention
System expanding at 40.0% CAGR over 3 years across 15 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 Cleaning & Maintenance medians
How Mint Condition Compares
Category median of published Cleaning & Maintenance 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
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
- N/A
- Company-owned
- 1
- Corporate units in the system
- % franchised
- 93%
- vs corporate-owned
- Net growth (3-yr)
- +40.0%
- Net unit change over 3 years
- 3-yr CAGR
- +40.0%
- Compounded over last 3 years
Last fiscal year · Item 20 exits and transfers
- Terminated
- 0
- Not renewed
- 0
- Transferred
- 0
- Reacquired
- 0
- Franchisor bought back
- Signed, not yet open
- 0
- 0.00 per open outlet · Item 20 Table 5
- 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 · 10 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).
Where the owners are · Item 20 owner list
16 current owners across 10 states.
- NC 3
- SC 3
- FL 2
- TX 2
- AZ 1
- GA 1
- KS 1
- PA 1
- TN 1
- UT 1
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.
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.
What could kill this investment?
Source: SBA 7(a) FOIA · FDD Items 3, 21
Risk analysis
FranchiseVerdict rating + FDD Items 3, 4, 8, 16, 21
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)
Subject: the franchisor is a named party (defendant).
Five franchise-related cases: (1) Willis individual suit — jury verdict $11,443 to Willis, $3,105 to Mint Condition, both paid; (2) Harp — settled $5,000, dismissed Dec 2016; (3) Codio — settled $2,000, dismissed Nov 2016; (4) Richmond — settled $7,250, dismissed Dec 2016; (5) Ellis — settled $3,700, dismissed Dec 2016. All cases arose from franchisees alleging breach of contract, fraud, and unfair trade practices.
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · BGW CPA, PLLC
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
FY2024 audited revenue: Master Franchise Royalty $847,492; Master Franchise Sales $629,356; Marketing Fees $148,314; Total Revenue $1,625,162. Audited by BGW CPA, PLLC (report dated Feb 28, 2025). FY2023 total revenues $933,256, FY2022 $891,889. S-corp; stockholder's equity is retained earnings.
Supplier relationship · Items 8 & 16
- Franchisor sells you products: Yes
- Kickbacks from required suppliers: No
- Must buy proprietary products: Yes
- Restricted to system-approved products: Yes
- Can negotiate own supplier terms: Yes
Score breakdown · what drove the 60 / 100 verdict
- 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
- 04MINORZero franchise fee combined with litigation history suggests franchisor may prioritize unit growth over franchisee profitability
Severity inferred from the FDD text · not a regulatory classification
What are you signing up for?
Ongoing fees run about 4.8% 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 |
| Territory type | Protected territory |
| 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 | 5 |
| Mandatory arbitration | No |
| Jury trial waiver | No |
| Governing law | NC |
| Litigation count | 5 |
View Item 3 litigation summary
Five franchise-related cases: (1) Willis individual suit — jury verdict $11,443 to Willis, $3,105 to Mint Condition, both paid; (2) Harp — settled $5,000, dismissed Dec 2016; (3) Codio — settled $2,000, dismissed Nov 2016; (4) Richmond — settled $7,250, dismissed Dec 2016; (5) Ellis — settled $3,700, dismissed Dec 2016. All cases arose from franchisees alleging breach of contract, fraud, and unfair trade practices.
Items 10, 11
Training & Operations
- Classroom training
- 65 hrs
- On-the-job training
- 19 hrs
- Training location
- Corporate office, Fort Mill, SC
- Ongoing training
- Required
- Time to open
- 3 mo
- From signing to launch
- Franchisor financing
- Not offered
- Item 10
- POS system
- WinTeam
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: WinTeam
Item 20 · call current owners
Franchisee Contacts
16 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 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). This fee is for a master or area-representative grant rather than a single unit, so it is not comparable with the single-unit fees shown for other brands.
What do Mint Condition franchise owners earn?
According to Item 19 of the Mint Condition FDD, the average gross sales per unit is $1.7M. The median is $1.7M. Important context: Includes company-owned outlets. Note: this is gross revenue, not profit. Actual owner earnings vary based on location, operating costs, and management.
Who owns Mint Condition?
Mint Condition is franchised by Mint Condition Franchise Group, LLC. Its parent company is Mint Condition Holdings, LLC. Source: FDD Item 1, 2025 filing.
What is Item 19 in the Mint Condition 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 Mint Condition FDD and qualifies whose outlets they describe.
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 B-grade franchise with a verdict score of 60 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.