FranchiseVerdict
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FV-01643·STRONGExcellent95

Mint Condition

Cleaning - Commercial & JanitorialFranchising since 1996Website
Investment
$118K – $719K
59th pct Commercial & …
Avg revenue
$1.7M
57th pct Commercial & …
Royalty
Units
15
26th pct Commercial & …
SBA default

Bottom line

  • Total investment $118K – $719K including a $84K franchise fee.
  • Average unit revenue of $1.7M/year (median $1.7M). Estimated payback in 0.8 years.
  • Rated STRONG with a risk score of 52/100.

Item 1 · who you're contracting with

The Franchisor

Legal entity
Mint Condition Franchise Group, LLC.
Parent company
Mint Condition Holdings, LLC
Incorporated in
South Carolina
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

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 Mint Condition unit return on the cash you put in?

Revenue · per unit, per year
$
FDD Item 19 reports $1,724,409
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: $118K–$719K
Working capital
$
FDD reports $5K–$30K

Unlevered ROIC · per unit

48%

In Yale's "attractive" band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$211K
EBITDA margin
12.2%
Total invested
$436K
Payback
25 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 Mint Condition 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

$1.8M

on $9.1M purchase

Total debt

$7.2M

SBA $4.5M + senior + seller note

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
Founded
2022
FDD year
2025
States available
10

Item 7 · what it costs

The Vitals

Total investment
$118K – $719K
All-in to open one unit
Liquid capital
$5K – $30K
Cash you must have on hand
Franchise fee
$84K
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 v3 / Item 19

Item 19

Financial Performance

Avg gross sales
$1.7M
Per unit, per year
Median gross sales
$1.7M
Item 19 type
Gross Profit
Sample size
11 units
vs category median 32 · small
Range (low → high)
$266K$4.7M
Cohort dispersion
Transparency
7 / 5
vs category median 4 / 5 · above
Revenue rank57th
vs Cleaning - Commercial & Janitorial peers
Investment cost rank59th
Lower investment ranks lower (better)
Royalty rate rank66th
Lower royalty = lower percentile (better)
Unit count rank26th
vs Cleaning - Commercial & Janitorial peers
Risk score rank38th
Lower risk = lower percentile (better)

Item 20 · unit dynamics

The Growth Chart

Total units
15
Opened
4
Last reporting year
Closed
0
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
2023
14+4
Franchised units
2024
10
Franchised units
2025
10
Franchised units

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).

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 · 26 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.

No SBA loan data available for this brand.

FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17

Risk & Legal

52
Risk · 0-100
STRONG52 / 100

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.

Score breakdown · what drove the 52 / 100 rating

  1. 01HIGHMultiple active litigation disclosures alleging breach of contract, fraud, and unfair trade practices indicate systemic franchisor-franchisee relationship issues
  2. 02MEDHigh royalty structure (greater of 4% or minimum monthly fee) with undisclosed minimum threshold creates unpredictable cost burden
  3. 03MINORRapid 40% YoY unit growth (9 to 15 units) may indicate aggressive recruitment outpacing sustainable support infrastructure
  4. 04HIGHZero franchise fee combined with litigation history suggests franchisor may prioritize unit growth over franchisee profitability
  5. 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

Territory
Geographic (State or County)
Protected territory
Yes
Initial term
10 years
Renewal term
10 years
Online sales rights
Restricted
Franchisor can compete
Yes
Hire a manager?
Not allowed
Litigation count
6
Right of first refusal
Yes
Franchisor can buy back on resale
Mandatory arbitration
No
Jury trial waiver
Yes
Non-compete
2 yrs
Post-termination restriction
Owner-operator
Required
Governing law
North Carolina

Item 11

Training & Operations

Classroom training
87 hrs
On-the-job training
29 hrs
POS system
WinTeam
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

32 numbers

Locked
(360) 902-••••
WA
(713) 909-••••
TX
(615) 807-••••
TN

One-time purchase · CSV download · Validation questions included

FDD download

Mint Condition · FDD (2025) PDF

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