FranchiseVerdict
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FV-01865·STRONGStandard71

PacLease

OtherFranchising since 1980Website
Investment
$554K – $904K
85th pct Other
Avg revenue
50th pct Other
Royalty
1.0%
0th pct Other
Units
457
93rd pct Other
SBA default

Bottom line

  • Total investment $554K – $904K including a $4K franchise fee, 1.0% ongoing royalty.
  • No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
  • Rated STRONG with a risk score of 54/100.
  • System growing at 960% CAGR over 3 years with 457 total units — strong expansion trajectory.

Item 1 · who you're contracting with

The Franchisor

Legal entity
PACCAR Leasing Company, a division of PACCAR Financial Corp.
Parent company
PACCAR Inc
Incorporated in
Washington
HQ
777 – 106th Avenue Northeast, Bellevue, Washington 98004
Auditor
Ernst & Young LLP
Audited financials
Franchisor revenue
$880.5M
vs $942.1M 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 PacLease unit return on the cash you put in?

Revenue · per unit, per year
$
Item 19 not disclosed — typing your own estimate
Franchisor take · royalty + ad fund
Royaltytyp 68%
%
Ad fundtyp 35%
%
Operating costs · category default: generic
COGS
%
Labor
%
Rent / occupancy
%
Other operating
%
Total invested capital · what you actually put in
Initial investment
$
FDD Item 7: $554K–$904K
Working capital
$
FDD reports $50K–$150K

Unlevered ROIC · per unit

20%

Below typical band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$165K
EBITDA margin
22.0%
Total invested
$829K
Payback
60 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.

Overview

About

PacLease franchisees operate commercial vehicle leasing businesses, managing fleet acquisition, maintenance, customer acquisition, and lease administration. Day-to-day work involves sales, customer service, logistics coordination, and equipment management in a capital-intensive, lease-based revenue model.

CEO
K. D. Baney
Founded
1961
FDD year
2026
States available
47

Item 7 · what it costs

The Vitals

Total investment
$554K – $904K
All-in to open one unit
Liquid capital
$50K – $150K
Cash you must have on hand
Franchise fee
$4K
Royalty
1.0%
Revenue Fee · typical 6–8%
Ad fund
0.0%
typical 3–5%
Total fee load
1.0%
vs 9–13% typical

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

Total units
457
Opened
24
Last reporting year
Closed
6
Turnover rate
1.3%
Company-owned
2
Corporate units in the system
% franchised
100%
vs corporate-owned
Net growth (yr3)
+4.1%
Net unit change last year
3-yr CAGR
+9.6%
Compounded over last 3 years
2024
455+18
Franchised units
2025
437
Franchised units
2026
415
Franchised units

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

Item 20 · 6 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
Available · 6 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

54
Risk · 0-100
STRONG54 / 100

PacLease presents moderate-to-cautionary risk due to missing financial disclosure, unprotected territories, and slow growth, though the low franchise fee and declining royalties at scale are attractive structural elements.

Score breakdown · what drove the 54 / 100 rating

  1. 01MINORNo average revenue or net income disclosure (Item 19) prevents ROI validation and profitability assessment
  2. 02MINORUnprotected territory creates direct competition risk between franchisees in same market
  3. 03MINORModest 4.1% YoY unit growth suggests slow system expansion and potential market saturation
  4. 04MINORShort 3-year term limits long-term business stability and requires frequent renewal negotiations
  5. 05MINORTiered royalty structure (1% → 0.5% → 0%) incentivizes revenue reporting opacity above $6M threshold

Severity inferred from the FDD text · not a regulatory classification

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

Contract & Territory Detail

Protected territory
No
Initial term
3 years
Renewal term
3 years
Online sales rights
Granted
Franchisor can compete
Yes
Hire a manager?
Allowed
Litigation count
0
Right of first refusal
Yes
Franchisor can buy back on resale
Mandatory arbitration
No
Owner-operator
Required
Governing law
Washington

Item 11

Training & Operations

Classroom training
165 hrs
On-the-job training
8 hrs

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

95 numbers

Locked
(813) 623-••••
WA
(602) 278-••••
AZ
(334) 636-••••
AL

One-time purchase · CSV download · Validation questions included

FDD download

PacLease · FDD (2026) PDF

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