FranchiseVerdict
ProSource Wholesale logo
FV-02055·STRONGExcellent95

ProSource Wholesale

Formerly known as Leading Edge Marketing

Food & Beverage - Full ServiceFranchising since 1991Website
Investment
$956K – $979K
86th pct Full Service
Avg revenue
$6.1M
57th pct Full Service
Royalty
3.0%
2nd pct Full Service
Units
151
88th pct Full Service
SBA default
0.0%
vs <3% typical

Bottom line

  • Total investment $956K – $979K including a $46K franchise fee, 3.0% ongoing royalty.
  • Average unit revenue of $6.1M/year (median $4.8M).
  • Rated STRONG with a risk score of 50/100. SBA loan default rate of 0.0% across 3 loans (below the industry average).
  • System growing at 210% CAGR over 3 years with 151 total units — strong expansion trajectory.

Item 1 · who you're contracting with

The Franchisor

Legal entity
Leading Edge Marketing, Inc.
Parent company
CCA Global Partners, Inc.
Incorporated in
Missouri
HQ
4301 Earth City Expressway, St. Louis, Missouri 63045-1334
Auditor
Armanino LLP
Audited financials
Franchisor revenue
$189.3M
vs $207.1M 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 ProSource Wholesale unit return on the cash you put in?

Revenue · per unit, per year
$
FDD Item 19 reports $6,124,920
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: $956K–$979K
Working capital
$
FDD reports $116K–$116K

Unlevered ROIC · per unit

112%

Above typical band (30–60%)

0%30–60% Yale band80%
ROIC above 100% usually means the revenue figure is a system-wide aggregate or top-cohort number rather than a single-unit average. Verify the "Revenue · per unit" field against the brand's FDD Item 19 detail tables before relying on this output.

Store EBITDA · annual
$1.2M
EBITDA margin
19.8%
Total invested
$1.1M
Payback
11 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 ProSource Wholesale units return on equity?

Edit assumptions

Equity IRR · 5-yr

22.2%

2.72× MOIC

Year-1 DSCR

4.13×

EBITDA ÷ debt service

Equity required

$49.7M

on $78.1M purchase

Total debt

$28.4M

SBA $5.0M + senior + seller note

SBA 7(a) request ($39.0M) exceeds the $5M program cap. Excess capped automatically; backfill via conventional or equity.

Overview

About

ProSource is a contractor supply distributor where franchisees operate wholesale showrooms selling building materials, lumber, plumbing, electrical, and HVAC products to professional contractors and builders. Daily operations include inventory management, customer relationship management, order fulfillment, and localized sales activities within a protected territory.

CEO
Eric M. Bernstein
Founded
1990
FDD year
2026
States available
39

Item 7 · what it costs

The Vitals

Total investment
$956K – $979K
All-in to open one unit
Liquid capital
$116K – $116K
Cash you must have on hand
Franchise fee
$46K
Royalty
3.0%
Gross Sales · typical 6–8%
Ad fund
0.3%
typical 3–5%
Total fee load
3.3%
vs 9–13% typical

Item 19

Financial Performance

Avg gross sales
$6.1M
Per unit, per year
Median gross sales
$4.8M
Item 19 type
Actual Gross Sales
Sample size
141 units
vs category median 15 · large
Range (low → high)
$819K$24.1M
Cohort dispersion
Transparency
6 / 5
vs category median 4 / 5 · above
Revenue rank57th
vs Food & Beverage - Full Service peers
Investment cost rank86th
Lower investment ranks lower (better)
Royalty rate rank2th
Lower royalty = lower percentile (better)
Unit count rank88th
vs Food & Beverage - Full Service peers
Risk score rank14th
Lower risk = lower percentile (better)

Item 20 · unit dynamics

The Growth Chart

Total units
151
Opened
3
Last reporting year
Closed
1
Turnover rate
0.7%
Company-owned
3
Corporate units in the system
% franchised
98%
vs corporate-owned
Net growth (yr3)
+1.4%
Net unit change last year
3-yr CAGR
+2.1%
Compounded over last 3 years
2024
148+2
Franchised units
2025
146
Franchised units
2026
145
Franchised units

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

Item 20 · 12 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 · 12 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
3
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

50
Risk · 0-100
STRONG50 / 100

Slow-growth wholesale distribution franchise with undisclosed profitability data, historical regulatory issues, and substantial fixed cost obligations relative to average unit revenue.

Score breakdown · what drove the 50 / 100 rating

  1. 01MINORStagnant unit growth at 1.4% YoY indicates mature/declining system with minimal expansion momentum
  2. 02MEDNet income not disclosed in Item 19 prevents ROI validation; only gross revenue provided ($612k avg) creates opacity on actual profitability
  3. 03HIGH2003 Maryland securities litigation (Consent Order) suggests historical compliance issues with franchise disclosure laws
  4. 04MINORHigh initial investment ($955k-$979k) combined with $2,000 minimum monthly royalty ($24k/year floor) creates elevated break-even threshold
  5. 05MINORMinimum royalty obligation ($24k annually) represents 3.9% of average unit revenue even if sales fluctuate, creating cash flow risk

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
1 yrs
Post-termination restriction
Owner-operator
Optional
Governing law
Missouri

Item 11

Training & Operations

Classroom training
54 hrs
On-the-job training
120 hrs
POS system
RFMS
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

100 numbers

Locked
(563) 293-••••
IA
(707) 573-••••
CA
(714) 773-••••
CA

One-time purchase · CSV download · Validation questions included

FDD download

ProSource Wholesale · FDD (2026) PDF

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