North Central Insulation
Formerly known as Independent Operators United
Bottom line
- Total investment $87K – $170K including a $40K franchise fee, 2.0% ongoing royalty.
- No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
- Rated MODERATE with a risk score of 57/100. SBA loan default rate of 0.0% across 75 loans (below the industry average).
- No Item 19 financial performance representation. Without franchisor-disclosed revenue data, you'll need to gather unit economics directly from existing franchisees.
Item 1 · who you're contracting with
The Franchisor
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 North Central Insulation unit return on the cash you put in?
Unlevered ROIC · per unit
76%
Above typical band (30–60%)
Overview
About
Franchisees operate insulation installation and sales businesses, likely selling residential and commercial insulation services (spray foam, fiberglass, mineral wool, etc.). Day-to-day work involves customer consultations, job estimation, installation crew management, and materials procurement within a protected geographic territory.
Item 7 · what it costs
The Vitals
Item 19
Financial Performance
This franchisor did not disclose financial performance representations in Item 19, or our extractor could not parse them.
Item 20 · unit dynamics
The Growth Chart
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Government records
SBA Loan Data
Aggregated from SBA 7(a) loan disclosures, public data unique to FranchiseVerdict.
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
North Central Insulation presents elevated risk due to missing financial disclosures, micro-franchise scale, unknown growth metrics, and franchisor going-concern questions.
Score breakdown · what drove the 57 / 100 rating
- 01MEDNo average revenue or net income disclosed in FDD (Item 19 missing or incomplete) — impossible to validate ROI claims
- 02MEDExtremely small franchise system with only 7 units — high concentration risk and limited peer support network
- 03MINORUnknown unit growth trajectory — no disclosure of openings/closures suggests stagnation or contraction
- 04HIGHGoing Concern status is False — indicates potential financial instability at franchisor level
- 05MINORRoyalty structure heavily favors franchisor — $800/month floor means even low-revenue locations subsidize system
- 06MINORHigh initial investment ($87,450–$170,000) relative to system size and lack of performance data
- 07MINOR5-year term is relatively short for insulation contracting business with slow customer acquisition
Severity inferred from the FDD text · not a regulatory classification
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
Item 11
Training & Operations
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
1 numbers
One-time purchase · CSV download · Validation questions included