FranchiseVerdict
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FV-01797·STRONGExcellent95

Novus Glass

Automotive - Repair & ServiceFranchising since 2017Website
Investment
$70K – $285K
16th pct Repair & Serv…
Avg revenue
$352K
7th pct Repair & Serv…
Royalty
6.0%
17th pct Repair & Serv…
Units
123
65th pct Repair & Serv…
SBA default
0.0%
vs <3% typical

Bottom line

  • Total investment $70K – $285K including a $11K franchise fee, 6.0% ongoing royalty.
  • Average unit revenue of $352K/year (median $300K).
  • Rated STRONG with a risk score of 51/100. SBA loan default rate of 0.0% across 12 loans (below the industry average).

Item 1 · who you're contracting with

The Franchisor

Legal entity
Novus Franchising 2 LLC
Parent company
Mondofix USA LLC
Incorporated in
Delaware
HQ
999 Vanderbilt Beach Road, Suite 506, Naples, FL 34108
Auditor
Ernst & Young LLP
Audited financials
Franchisor revenue
$5.8M
vs $6.4M 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 Novus Glass unit return on the cash you put in?

Revenue · per unit, per year
$
FDD Item 19 reports $351,734
Franchisor take · royalty + ad fund
Royaltytyp 68%
%
Ad fundtyp 35%
%
Operating costs · category default: automotive
COGS
%
Labor
%
Rent / occupancy
%
Other operating
%
Total invested capital · what you actually put in
Initial investment
$
FDD Item 7: $70K–$285K
Working capital
$
FDD reports $5K–$35K

Unlevered ROIC · per unit

30%

In Yale's "attractive" band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$60K
EBITDA margin
17.0%
Total invested
$197K
Payback
40 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 Novus Glass 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

$703K

on $3.5M purchase

Total debt

$2.8M

SBA $1.8M + senior + seller note

Overview

About

Novus Glass franchisees operate automotive glass repair and replacement services, including windshield damage repair, full glass replacement, and related services. Day-to-day operations involve scheduling mobile service visits, managing technician teams, handling customer billing/insurance claims processing, and maintaining service vehicles. Business model relies heavily on insurance referral partnerships and mobile field service execution.

CEO
Steve Leal
Founded
2017
FDD year
2026
States available
38

Item 7 · what it costs

The Vitals

Total investment
$70K – $285K
All-in to open one unit
Liquid capital
$5K – $35K
Cash you must have on hand
Franchise fee
$11K
Royalty
6.0%
Gross Revenues · typical 6–8%
Ad fund
2.0%
typical 3–5%
Total fee load
8.0%
vs 9–13% typical

Item 19

Financial Performance

Avg gross sales
$352K
Per unit, per year
Median gross sales
$300K
Item 19 type
Gross Sales
Sample size
65 units
vs category median 59
Range (low → high)
$13K$1.7M
Cohort dispersion
Transparency
4 / 5
vs category median 4 / 5 · typical
Revenue rank7th
vs Automotive - Repair & Service peers
Investment cost rank16th
Lower investment ranks lower (better)
Royalty rate rank17th
Lower royalty = lower percentile (better)
Unit count rank65th
vs Automotive - Repair & Service peers
Risk score rank21th
Lower risk = lower percentile (better)

Item 20 · unit dynamics

The Growth Chart

Total units
123
Opened
4
Last reporting year
Closed
9
Turnover rate
7.3%
Company-owned
0
Corporate units in the system
% franchised
100%
vs corporate-owned
Net growth (yr3)
-3.9%
Net unit change last year
3-yr CAGR
-1.6%
Compounded over last 3 years
2024
123-5
Franchised units
2025
128
Franchised units
2026
125
Franchised units

Year-over-year franchised unit counts and net change. Source: FDD Item 20.

Item 20 · 35 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 · 35 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
12
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

51
Risk · 0-100
STRONG51 / 100

Novus Glass presents caution-level risk due to system contraction, undisclosed profitability data, affiliate litigation, and high capital requirements relative to uncertain returns.

Score breakdown · what drove the 51 / 100 rating

  1. 01MINORUnit count declining 3.9% YoY (123 total units) suggests system contraction and potential market saturation
  2. 02MEDNet income not disclosed in Item 19 prevents ROI validation; only average revenue of $351,734 provided without profitability context
  3. 03HIGHActive litigation involving affiliate ProColor Collision USA LLC for sexual harassment and wrongful termination raises HR/culture concerns across related entities
  4. 04MINORHigh investment range ($69,500–$284,690) with 6% royalty creates breakeven pressure if actual net margins are below 12–15%
  5. 05MINOR10-year term locks franchisees into relationship during declining unit growth period with no profitability guarantees

Severity inferred from the FDD text · not a regulatory classification

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

Contract & Territory Detail

Territory
Zip codes
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
No
Jury trial waiver
Yes
Non-compete
2 yrs
Post-termination restriction
Owner-operator
Optional
Governing law
Florida

Item 11

Training & Operations

Classroom training
62 hrs
On-the-job training
62 hrs
POS system
Novus proprietary POS
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

74 numbers

Locked
(406) 868-••••
MT
(406) 683-••••
MT
(801) 821-••••
UT

One-time purchase · CSV download · Validation questions included

FDD download

Novus Glass · FDD (2026) PDF

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