FranchiseVerdict
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FV-01689·STRONGExcellent100

Mosquito Squad

Home Services - Pest ControlFranchising since 2009Website
Investment
$165K – $220K
95th pct Pest Control
Avg revenue
$472K
27th pct Pest Control
Royalty
Units
232
77th pct Pest Control
SBA default
0.0%
vs <3% typical

Bottom line

  • Total investment $165K – $220K including a $50K franchise fee.
  • Average unit revenue of $472K/year (median $305K). Estimated payback in 0.5 years.
  • Rated STRONG with a risk score of 44/100. SBA loan default rate of 0.0% across 65 loans (below the industry average).

Item 1 · who you're contracting with

The Franchisor

Legal entity
Mosquito Squad Franchising SPE LLC
Parent company
AB Assetco LLC
Incorporated in
Delaware
HQ
7120 Samuel Morse Drive, Suite 300, Columbia, Maryland 21046
Auditor
PricewaterhouseCoopers LLP
Audited financials
Franchisor revenue
$219.1M
vs $190.8M 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 Mosquito Squad unit return on the cash you put in?

Revenue · per unit, per year
$
FDD Item 19 reports $471,889
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: $165K–$220K
Working capital
$
FDD reports $84K–$117K

Unlevered ROIC · per unit

16%

Below typical band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$47K
EBITDA margin
10.0%
Total invested
$293K
Payback
74 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 Mosquito Squad 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

$283K

on $1.4M purchase

Total debt

$1.1M

SBA $0.7M + senior + seller note

Overview

About

Franchisees operate mosquito and outdoor pest control services, conducting yard treatments, inspections, and consultations with residential and commercial customers. Day-to-day work involves scheduling appointments, performing chemical/barrier treatments, managing service technicians, handling customer service, and managing recurring revenue contracts. The business is seasonal (peak spring/summer) and heavily dependent on weather, local competition, and customer retention.

CEO
Thomas Swift, Jr.
Founded
2009
FDD year
2024
States available
33

Item 7 · what it costs

The Vitals

Total investment
$165K – $220K
All-in to open one unit
Liquid capital
$84K – $117K
Cash you must have on hand
Franchise fee
$50K
Royalty
Greater of 10% of Gross Revenue or Monthly Minimum ($650 …
Ad fund
$150 to $450 per month
Total fee load
10.0%
vs 9–13% typical
Payback period
0.5 yrs
From v3 / Item 19

Item 19

Financial Performance

Avg gross sales
$472K
Per unit, per year
Median gross sales
$305K
Item 19 type
Gross Revenue and Operating Expenses
Sample size
202 units
vs category median 33 · large
Range (low → high)
$13K$2.9M
Cohort dispersion
Transparency
10 / 5
vs category median 4 / 5 · above
Revenue rank27th
vs Home Services - Pest Control peers
Investment cost rank95th
Lower investment ranks lower (better)
Royalty rate rank55th
Lower royalty = lower percentile (better)
Unit count rank77th
vs Home Services - Pest Control peers
Risk score rank9th
Lower risk = lower percentile (better)

Item 20 · unit dynamics

The Growth Chart

Total units
232
Opened
15
Last reporting year
Closed
11
Turnover rate
4.7%
Company-owned
15
Corporate units in the system
% franchised
94%
vs corporate-owned
Net growth (yr3)
+1.9%
Net unit change last year
3-yr CAGR
-2.7%
Compounded over last 3 years
2022
217+4
Franchised units
2023
213
Franchised units
2024
223
Franchised units

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).

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 · 33 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.

Total loans
65
Loan volume
Avg loan
Default rate
0.0%
vs <3% typical · system-wide
5-yr default

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

Risk & Legal

44
Risk · 0-100
STRONG44 / 100

Mosquito Squad presents moderate-to-cautionary risk: regulatory litigation for false advertising, negligible unit growth, high ongoing royalty obligations, and unverified financial claims warrant careful franchisee validation before investment.

Score breakdown · what drove the 44 / 100 rating

  1. 01HIGHLitigation: Assurance of Discontinuance (AOD) with Massachusetts AG for misleading advertising claims regarding environmental and health-and-safety benefits — indicates past regulatory violation and potential reputational risk
  2. 02MINORAnemic Unit Growth: Only 1.9% YoY growth across 232 units suggests market saturation, franchisee churn, or weakening brand demand in a mature system
  3. 03MINORHigh Royalty Burden: Greater of 10% or $650-$3,000 monthly minimum creates cash flow pressure; at $471k avg revenue, 10% royalty = $47,189/year plus marketing/support fees
  4. 04MINORNo Item 19 Financial Disclosure: Absence of audited earnings data limits ability to verify the stated $386,869 average net income claim independently
  5. 05MINORSeasonal Business Model: Mosquito control is weather and season-dependent, creating revenue volatility not fully captured in single-year averages

Severity inferred from the FDD text · not a regulatory classification

FDD Items 5, 6, 12, 17 · continued from Risk & Legal

Contract & Territory Detail

Territory
Population-based/Geographic
Protected territory
Yes
Initial term
10 years
Renewal term
10 years
Online sales rights
Restricted
Franchisor can compete
Yes
Hire a manager?
Allowed
Litigation count
1
Right of first refusal
Yes
Franchisor can buy back on resale
Mandatory arbitration
Yes
Jury trial waiver
Yes
Non-compete
2 yrs
Post-termination restriction
Owner-operator
Required
Governing law
Maryland

Item 11

Training & Operations

Classroom training
62 hrs
On-the-job training
70 hrs
POS system
ServiceMinder
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

93 numbers

Locked
(651) 472-••••
MN
(520) 488-••••
AZ
(715) 804-••••
WI

One-time purchase · CSV download · Validation questions included

FDD download

Mosquito Squad · FDD (2024) PDF

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