Mosquito Shield Franchise Cost, Revenue & Review 2026
- Investment
- $121K – $162K
- Disclosed sales
- $399K
- gross sales, not profit
- SBA charge-off
- 7.7%
- on 63 loans
Data from FDD filing + SBA 7(a) records
Analysis by FranchiseVerdict Research · Methodology
Mosquito Shield is a home-services franchise providing seasonal mosquito and tick control for homes and businesses. Franchisees run a route-based operation applying treatments on recurring schedules within a local territory.
FranchiseVerdict summary · 2026
A MOSQUITO SHIELD franchise requires a total initial investment of $121K – $162K, including a $55K franchise fee and an ongoing 8.0% royalty[2]. Per the 2026 FDD, average revenue per franchisee was $399K. 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 7.7% charge-off rate across 63 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: low - issued within the last 12 months
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 scored8 of 8 headline figures on this page cite a page of the filing.
Overview
- Investment
- $121K – $162K
- 45th pct Home Services
- Avg gross sales
- $399K
- Per franchisee, not per outlet
- Royalty
- 8.0%
- 66th pct Home Services
- Units
- 407
- 85th pct Home Services
- SBA charge-off
- 7.7%
- % 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 $121K – $162K including a $55K franchise fee, 8.0% ongoing royalty.
- RETURNSAverage revenue per franchisee of $399K/year (median $236K). Averaged per franchisee, not per outlet - not comparable with per-outlet figures.
- RISKVerdict A (Strongest tier), verdict score 84/100 (higher is better). SBA loan charge-off rate of 7.7% across 63 loans (near or below the 16% franchise average, based on all SBA 7(a) franchise lending, 2010–2025).
- GROWTHNegative: net -51 franchised outlets in the latest year (13 opened, 64 closed); 4 signed but not yet open (Item 20).
- FLAG38 units terminated last reporting year (9.3% of the system). Ask existing franchisees why.
Item 1 · who you're contracting with
The Franchisor
Corporate structure & franchisor financials
- Legal entity
- Mosquito Shield Franchise, LLC
- Parent company
- Mosquito Holdco, Inc.
- FDD Item 1, page 8 of the 2026 FDD
- Ultimate parent
- FS PEP Holdco, LLC (affiliate of Princeton Equity Group, LLC)
- FDD Item 1, page 8 of the 2026 FDD
- Predecessor
- Mosquito Shield Franchise Corporation
- Prior franchisor entity
- CEO title
- President
- Michael Moorhouse
- CEO experience
- 13 yrs
- Years in role or industry
- Founder active
- Yes
- Original founder still leading the business
- Incorporated in
- DE
- HQ
- 761 W. 1200 N., Ste 300, Springville, UT 84663
- Auditor
- Tanner LLC
- Audited financials
- Franchisor revenue
- $38.1M
- vs $47.5M prior year
- Management churn noted
- Frequent turnover
- Item 2 disclosed frequent executive changes
Independent franchisee associations
- Franchise Advisory Council (FAC)
Franchisee-led councils or alliances disclosed in Item 20. Indicates operator voice.
Affiliated brands
- Mosquito Shield
- Gotcha Covered Franchising
- franchises as a vendor
- Five Star Bath
- International Franchise Professionals Group
- Ellie Fam
- CMY Franchising
- SB Oil Change Franchising
Other brands the franchisor or its parent operates (Item 1).
Same owner · FDD Item 1, page 8
5 other brands on this site name FS PEP Holdco, LLC (affiliate of Princeton Equity Group, LLC) as parent or ultimate parent in their own FDD.
Portfolio: Princeton Equity Group (private-equity sponsor)
Grouped by the owner's name as each filing prints it (this page: the 2026 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
- Michael Moorhouse
- Headquarters
- UT
- Founded
- 2012
- FDD year
- 2026
- States available
- 30
Can you afford it, and what does the money buy?
Entry cost runs 16% below the typical home services franchise.
Source: FDD 2026 · Items 5–7
Full Item 7 breakdown13 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| Initial Franchise Fee | $55K | $55K | |
| Annual Conference Registration Deposit | $1K | $1K | |
| Customized Vehicle (Note 1) | $2K | $20K | |
| Lease and Utility Deposits (Note 2) | $0 | $2K | |
| Storage-Related Expenses (Note 3) | $0 | $1K | |
| Franchise Starter Package (Note 4) | $24K | $24K | |
| Business Management Software (Note 6) | $250 | $250 | |
| Local Advertising Expenditure (Note 5) | $35K | $50K | |
| Training Expenses (Note 6) | $2K | $3K | |
| Insurance Premiums (Note 7) | $675 | $900 | |
| Professional Fees (Note 8) | $350 | $1K | |
| Licenses and Permits (Note 9) | $50 | $100 | |
| Additional Funds -- 3 months (Note 10) | $2K | $5K | |
| Total initial investment | $121K | $162K |
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
- $121K – $162K
- Middle of category vs category
- Liquid capital req'd
- $2K – $5K
- Top 40% of category vs category
- Franchise fee
- $55K – $55K
- Middle of category vs category
- Royalty
- 8.0%
- typical 6–8%
- Ad fund
- 2.0%
- typical 3–5%
- Total fee load
- 10.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 8.0% of gross sales |
| Marketing / ad fund | 2.0% of gross sales |
| Transfer fee | $15K |
| Renewal fee | $1K |
| Total fee load | 10.0% of rev |
What do units actually make?
Average unit sales run 32% below the home services norm.
Averaged per franchisee, not per outlet - not comparable with per-outlet figures
Source: FDD 2026 · 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 MOSQUITO SHIELD 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
$145K
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 MOSQUITO SHIELD 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: 2026 FDD
Financial Performance
Averaged per franchisee, not per outlet - not comparable with per-outlet figures
- Avg gross sales
- $399K
- Per franchisee, per year — not per outlet
- Median gross sales
- $236K
- Per franchisee, 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
- Sample size
- 66 franchisees
- vs category median 32 · large
- Range (low → high)
- $49K→$2.7MCited, not corroborated — printed on page 48 of the 2026 FDD. Nothing else in our record independently restates or re-derives it.
- Cohort dispersion (min → max)
- Quartile band
- $101K→$1.0M
- Bottom 25% → top 25%, per franchisee
- Reporting year
- 2025
- Fiscal year the figures cover
- Source filing
- FDD 2026
- Disclosed in the 2026 filing, covering 2025
- Transparency
- 7 / 10
- vs category median 4 / 10 · above
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 $399K/year in gross sales. Median is $236K — top performers pull the average up, so a typical unit earns less.
Fee burden
Total ongoing fee load of 10.0% — above the Home Services median of 8.0%.
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 17.9% CAGR over 3 years across 407 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 Mosquito Shield 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 2026 · Item 20
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 407
- Opened
- 13
- Last reporting year
- Closed
- 64
- Terminated
- 38
- Franchisor ended the franchise (per Item 20)
- Turnover rate
- 15.7%
- Company-owned
- 23
- Corporate units in the system
- % franchised
- 100%
- vs corporate-owned
- Net growth (3-yr)
- +17.9%
- Net unit change over 3 years
- 3-yr CAGR
- +17.9%
- Compounded over last 3 years
Last fiscal year · Item 20 exits and transfers
- Terminated
- 38
- Reacquired
- 23
- Franchisor bought back
- Signed, not yet open
- 4
- 0.01 per open outlet · Item 20 Table 5
- Projected new
- 0
- Franchisor's next-year forecast
- Transfer rate
- 6.4%
- Owners selling to other franchisees
- Termination rate
- 10.1%
- Franchisor-initiated terminations
- Ceased ops
- 0.2%
- Units that stopped operating
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 31 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.
Where the owners are · Item 20 owner list
167 current owners across 31 states.
- TX 27
- FL 20
- MI 11
- GA 9
- WI 9
- NC 8
- NY 8
- NJ 7
- OH 6
- PA 6
- TN 6
- IL 5
- +19 more states
Counts only, from the list the franchisor prints in Item 20; 1 entries carry no state. 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
- 63
- Loan volume
- $12.7M
- Median loan
- $150K
- 50th percentile
- Charge-off rate
- 7.7%
- on 63 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)
- 92.3%
- 5-yr charge-off
- 7.7%
- Loans approved 2021+
- Active lenders
- 15
- Defaults
- 1
- Typical loan rate
- 7.3%
- avg rate to borrowers
- Franchised industry avg
- 13.8%
- brand beats franchise avg ↓
- Jobs supported
- 273
- 2.4 per loan
- Lender concentration
- 48%
- top lender's share
Borrower mix: 93% went to startups / new businesses, 7% to established operators
Franchise vs independent — in exterminating and pest control services, franchised businesses charge off at 13.8% vs 12.0% for independents — franchising is associated with 15% higher SBA default risk in this category.
Top lenders financing Mosquito Shield franchisees
Showing 3 of 15 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 Mosquito Shield from SBA 7(a) FOIA data.
- Principal loss rate
- 1.2%
- Avg SBA guarantee
- 79%
- Avg interest rate
- 7.31%
- Avg chargeoff amount
- $132K
- Lender concentration
- 48.1%
- Job velocity
- 2.4 per $100K
- NAICS benchmark
- 10.2%
- NAICS 561710
- Jobs supported
- 273
Top SBA lendersTop lender holds 48% of loans
| # | Lender | Loans | Volume | Default % |
|---|---|---|---|---|
| 1 | United Midwest Savings Bank National Association | 26 | $3.8M | 12.5% |
| 2 | The Huntington National Bank | 9 | $994K | 0.0% |
| 3 | First Bank of the Lake | 4 | $683K | N/A |
| 4 | United Community Bank | 2 | $324K | 0.0% |
| 5 | First National Bank of Pennsylvania | 2 | $1.7M | N/A |
| 6 | Manufacturers and Traders Trust Company | 2 | $174K | N/A |
| 7 | Cadence Bank | 1 | $250K | 0.0% |
| 8 | Citizens Bank | 1 | $264K | 0.0% |
| 9 | Frandsen Bank and Trust | 1 | $150K | N/A |
| 10 | Eastern Bank | 1 | $150K | N/A |
Geographic failure vector
| State | Loans | Defaults | Rate |
|---|---|---|---|
| FLFlorida | 8 | 0 | 0.0% |
| TXTexas | 8 | 0 | 0.0% |
| DEDelaware | 3 | 0 | -- |
| NCNorth Carolina | 3 | 0 | 0.0% |
| NYNew York | 3 | 0 | 0.0% |
| TNTennessee | 3 | 0 | 0.0% |
| GAGeorgia | 2 | 0 | 0.0% |
| ILIllinois | 2 | 0 | 0.0% |
| MDMaryland | 2 | 0 | -- |
| MIMichigan | 2 | 0 | 0.0% |
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 7.7% — 52% 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
Mosquito Shield presents moderate-to-cautionary risk due to missing profitability data, slow growth metrics, and unclear royalty floor mechanics that could strain undercapitalized operators.
Litigation (Item 3)
Subject: officers or affiliates. The franchisor is not a named party in these cases.
No litigation required to be disclosed in Item 3
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Tanner LLC
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Total franchisor revenue of $7,746,711 disclosed in Item 8 for FY Jan 1 - Dec 31, 2023 ($1,127,667 / 14.6% from franchisee required purchases). Audited financial statements in Exhibit D are scanned images with no extractable text, so balance-sheet figures (net worth, assets, liabilities, net income, auditor) could not be captured. Per Item 21, Parent's audited statements cover FY2024/2023 and the franchisor's own audited statements cover FY2022.
ⓘ These are the parent company's consolidated financials (the parent guarantees the franchisor), not this brand's standalone results — the figure reflects the whole corporate group, not this brand alone.
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: No
Score breakdown · what drove the 84 / 100 verdict
- 01MINORSlow unit growth (6.9% YoY) suggests market saturation or franchisee satisfaction issues in a mature 435-unit system
- 02MEDHigh royalty floor risk — 8% minimum on 'Minimum Gross Sales' creates revenue pressure even in slow months; actual minimum threshold not disclosed
- 03MINORSeasonal service business (mosquito control peaks spring-summer) creates cash flow volatility not addressed in disclosure
Severity inferred from the FDD text · not a regulatory classification
What are you signing up for?
Ongoing fees run about 10.0% of sales (royalty + ad fund), before rent and labor.
Source: FDD 2026 · Items 11, 12, 17
FDD Items 12, 15, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 10 years |
|---|---|
| Renewal term | 5 years |
| Allowed renewalsℹ | 1 |
| Territory type | Exclusive territory |
| Protected territory | Yes |
| Exclusive territoryℹ | Yes |
| Territory population | 50,000 |
| Online sales rightsℹ | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Optional |
| Non-compete (years)ℹ | 2 years |
| Non-compete (miles)ℹ | 20 mi |
| Right of first refusalℹ | Yes |
| Transfer requires consent | Yes |
| Termination notice | 30 days |
| Termination groundsℹ | 1 |
| Curable defaultsℹ | 7 |
| Mandatory arbitration | No |
| Arbitration location | Utah County, Utah (mediation/litigation, not arbitration) |
| Jury trial waiver | No |
| Governing law | UT |
| Litigation count | 0 |
View Item 3 litigation summary
No litigation required to be disclosed in Item 3
Items 10, 11
Training & Operations
- Classroom training
- 15 hrs
- On-the-job training
- 10 hrs
- Training location
- North Attleboro, MA or Springville, UT or as determined by franchisor
- Ongoing training
- Required
- Time to open
- 6 mo
- From signing to launch
- Site selection
- Franchisee with franchisor approval
- Franchisor financing
- Not offered
- Item 10
- POS system
- Required Software (proprietary business management/routing software)
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: Required Software (proprietary business management/routing software)
Item 20 · call current owners
Franchisee Contacts
168 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 MOSQUITO SHIELD franchise?
The total investment to open a MOSQUITO SHIELD franchise ranges from $121K – $162K, with an initial franchise fee of $55K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do MOSQUITO SHIELD franchise owners earn?
According to Item 19 of the MOSQUITO SHIELD FDD, the average gross sales per unit is $399K. The median is $236K. 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 MOSQUITO SHIELD?
MOSQUITO SHIELD is franchised by Mosquito Shield Franchise, LLC. Its parent company is Mosquito Holdco, Inc.. The ultimate parent named in the FDD is FS PEP Holdco, LLC (affiliate of Princeton Equity Group, LLC). Source: FDD Item 1, 2026 filing.
What is Item 19 in the MOSQUITO SHIELD 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 MOSQUITO SHIELD FDD and qualifies whose outlets they describe.
What is MOSQUITO SHIELD's franchise failure rate?
Based on SBA 7(a) loan data, MOSQUITO SHIELD has a charge-off rate of 7.7% across 63 loans, meaning 7.7% 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 MOSQUITO SHIELD franchise locations are there?
As of their most recent FDD filing, MOSQUITO SHIELD has 407 total units in the United States, including 384 franchised units and 23 company-owned units. 13 new units were opened in the latest reporting year.
Is MOSQUITO SHIELD a good franchise to buy?
FranchiseVerdict rates MOSQUITO SHIELD as a A-grade franchise with a verdict score of 84 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
Are you the franchisor?
If you represent MOSQUITO SHIELD, you can request corrections or provide updated information.
Other Home Services franchises
Compare similar franchise opportunities in the Home Services category
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.