Re-BathFranchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
FranchiseVerdict summary · 2026
A Re-Bath franchise requires a total initial investment of $276K – $607K, including a $50K franchise fee and an ongoing 5.0% royalty[2]. Per the 2025 FDD, average unit revenue was $3.9M[2]. SBA 7(a) loans show a 18.2% charge-off rate across 25 loans[1]. Verdict grade: B. Run a live ROI scan →
Data last verified June 18, 2026 · figures per the 2025 FDD issuance
Overview
- Investment
- $276K – $607K
- 75th pct Home Services
- Avg gross sales
- $3.9M
- 49th pct Home Services
- Royalty
- 5.0%
- 5th pct Home Services
- Units
- 145
- 61st pct Home Services
- SBA default
- 18.2%
- system-wide median varies by category
Quick verdict · Home Services · color = vs category peers
Green = >15% above Home Services avg · No shading = within ±15% · Red = >15% below avg · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
Each dollar invested generates 8.8x in gross revenue, well above the typical 1.5-2.5x range.
Franchising since 1991. Systems this mature have refined operations and brand recognition.
87% cash-on-cash return. Above the 20% threshold most investors target.
Bottom line
- Total investment $276K – $607K including a $50K franchise fee, 5.0% ongoing royalty.
- Average unit revenue of $3.9M/year (median $2.5M), with an estimated 87% cash-on-cash return.
- Verdict B (Above Average) with a risk score of 55/100. SBA loan charge-off rate of 18.2% across 25 loans (above the 16% franchise average, based on all SBA 7(a) franchise lending, 2010–2024).
- System growing at 16.9% CAGR over 3 years with 145 total units. Strong expansion trajectory.
Item 1 · who you're contracting with
The Franchisor
- Legal entity
- ReBath, LLC
- Parent company
- Home Brands Group, LLC
- Ultimate parent
- TZP Group LLC
- Incorporated in
- DE
- HQ
- 426 N. 44th Street, Suite 410, Phoenix, Arizona 85008
- Auditor
- RSM US LLP
- Audited financials
- Franchisor revenue
- $34.4M
- vs $29.3M prior year
Independent franchisee associations
- Independent Franchisee Association
Franchisee-led councils or alliances disclosed in Item 20. Indicates operator voice.
Affiliated brands
- Agile Building Solutions
Other brands the franchisor or its parent operates (Item 1).
Overview
About
Re-Bath franchisees operate local bathroom remodeling showrooms and installation operations, managing sales consultations, project design, customer acquisition, and coordination of installation teams. Day-to-day activities include customer consultations, quote preparation, project management, inventory oversight, and local marketing execution to drive bathroom renovation contracts.
- CEO
- Brad Hillier
- Headquarters
- AZ
- Founded
- 1991
- FDD year
- 2025
- States available
- 43
FDD Item 7 · 2025 filing · 13 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| Initial Franchise Fee | $50K | $50K | |
| Initial Training | $0 | $5K | |
| Travel and Living Expenses During Training | $2K | $8K | |
| Insurance Premium (auto and general commercial liability), 3 months | $3K | $10K | |
| Business License and Permits | $2K | $5K | |
| Vehicle(s) | $30K | $80K | |
| Vehicle(s) "Wrap" Advertising | $400 | $4K | |
| Equipment, Supplies & Inventory | $18K | $50K | |
| Internet, 3 months | $100 | $300 | |
| Showroom / Warehouse / Office | $60K | $100K | |
| Professional Fees | $1K | $4K | |
| Grand Opening Campaign and Minimum Local Advertising Requirement | $34K | $41K | |
| Additional Funds, 3 Months | $75K | $250K | |
| Total initial investment | $276K | $607K |
Line items extracted from FDD Item 7. Ranges reflect the franchisor's stated low and high per line. Total is the sum of line-item lows / highs — actual costs may fall outside this range depending on market and build-out scope.
Single-unit · estimated
Returns at a glance
Indicative numbers using FDD Item 7 / Item 19 inputs and category-benchmarked cost ratios. Full single-unit, 25-unit portfolio, and LBO models (with every input editable to stress-test your own scenario) live on the financials page.
Store EBITDA · annual
$469K
12.0% margin
Unlevered ROIC
78%
EBITDA / total invested capital
Payback
15 mo
cash-on-cash, unlevered
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $276K – $607K
- Below avg, review vs category
- Liquid capital req'd
- $75K – $250K
- Below avg, review vs category
- Franchise fee
- $50K – $50K
- Near category avg vs category
- Royalty
- 5.0%
- percentage_of_gross · typical 6–8%
- Ad fund
- 2.0%
- typical 3–5%
- Total fee load
- 7.0%
- vs 9–13% typical
- Payback period
- 1.2 yrs
- From FDD / Item 19
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 5.0% of gross sales |
| Marketing / ad fund | 2.0% of gross sales |
| Technology fee | $1K |
| Training fee | $500 |
| Transfer fee | $25K |
| Renewal fee | $13K |
| Inventory (initial) | $18K – $50K |
| Total fee load | 7.0% of rev |
Financial Performance
- Avg gross sales
- $3.9M
- Per unit, per year
- Median gross sales
- $2.5M
- Avg net income
- $383K
- Cash-on-cash
- 86.7%
- Based on Net Income / investment midpoint
- Item 19 type
- Historic Financial Performance
- Sample size
- 113 units
- vs category median 25 · large
- Range (low → high)
- $632K→$26.6M
- Cohort dispersion (min → max)
- Transparency tier
- full
- Categorical assessment of disclosure depth
- Reporting year
- 2024
- Fiscal year the figures cover
- Transparency
- 9 / 5
- vs category median 4 / 5 · above
Compared against 349 Home Services brands
Revenue is 8.8x the investment midpoint. At typical franchise margins, this suggests a payback under 3 years.
vs Home Services averages
How Re-Bath Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 145
- Opened
- 17
- Last reporting year
- Closed
- 8
- Turnover rate
- 5.5%
- Company-owned
- 0
- Corporate units in the system
- % franchised
- 100%
- vs corporate-owned
- Net growth (yr3)
- +6.6%
- Net unit change last year
- 3-yr CAGR
- +16.9%
- Compounded over last 3 years
3-year detail · Item 20
- Opened (3yr)
- 9
- Closed (3yr)
- 0
- Terminated (3yr)
- 0
- Non-renewed (3yr)
- 1
- Transfers (3yr)
- 5
- Reacquired (3yr)
- 0
- Franchisor bought back
- Termination rate
- 0.1%
- Franchisor-initiated terminations
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 21 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).
States derived from franchisee contact records (FDD Item 20). Shows states with at least one current operator on file. Full state registration data (Item 12) will appear on a future FDD refresh.
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA 7(a) and 504 loan disclosures, public data unique to FranchiseVerdict.
- Total loans
- 25
- Loan volume
- $10.2M
- Median loan
- $304K
- 50th percentile
- Charge-off rate
- 18.2%
- rates vary by category · see methodology
Historical SBA 7(a) lending data, not predictive of future performance. How SBA charge-off rates are calculated
- Repayment rate (PIF)
- 80.0%
- 5-yr charge-off
- 0.0%
- Loans approved 2021+
- Active lenders
- 16
- Defaults
- 2
Explore lender portfolios on Bank Reports or regional data on State Reports.
Premium insight
SBA Lending Report
Deep-dive into Re-Bath's SBA lending history: lender network, geographic footprint, interest rates, and more.
SBA Lending Report
- Principal loss rate and NAICS industry benchmark
- 10 lenders with concentration factor
- Per-state charge-off rates across 14 states
- Startup risk premium and job creation velocity
- 9-year lending trend
- SBA 504 real estate/equipment data
Instant access. No subscription.
Risk analysis
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Re-Bath presents moderate-to-cautionary risk due to unresolved litigation, lack of financial verification, slow unit growth, and a track record of franchisor disputes that merit detailed franchisee validation.
Litigation (Item 3)
6 case reference(s): 0 pending, 5 settled.
Largest disclosed settlement: $2
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · RSM US LLP
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Supplier relationship · Items 8 & 16
- Franchisor sells you products: No
- Must buy proprietary products: No
- Restricted to system-approved products: Yes
Score breakdown · what drove the 55 / 100 rating
- 01MINORPending 2025 arbitration case regarding technology fees suggests current operational disputes and potential for unexpected cost increases
- 02HIGHHistory of litigation (4 cases including 2018 contractual breach arbitration award) indicates pattern of franchisor-franchisee conflicts and enforcement issues
- 03HIGHNo Item 19 financial disclosures (Going Concern: False) prevents verification of actual franchisee profitability claims; stated $382,615 net income cannot be independently validated
- 04MEDModest unit growth of 6.6% YoY with only 145 units suggests limited brand momentum and potential market saturation concerns
- 05MINORHigh investment-to-net-income ratio (initial investment of $275,875-$606,925 vs. average net of $382,615) creates extended payback period and elevated risk exposure
Severity inferred from the FDD text · not a regulatory classification
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 10 years |
|---|---|
| Renewal term | 5 years |
| Allowed renewalsℹ | 2 |
| Territory type | Population-based |
| Protected territory | Yes |
| Territory population | 1,000,000 |
| Online sales rightsℹ | Granted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Optional |
| Non-compete (years)ℹ | 2 years |
| Right of first refusalℹ | Yes |
| Termination notice | 30 days |
| Termination groundsℹ | 1 |
| Curable defaultsℹ | 4 |
| Mandatory arbitration | No |
| Jury trial waiver | Yes |
| Governing law | Arizona |
| Litigation count | 4 |
View Item 3 litigation summary
6 case reference(s): 0 pending, 5 settled.
Items 10, 11
Training & Operations
- Classroom training
- 56 hrs
- On-the-job training
- 102 hrs
- Training location
- On-site and corporate
- Site selection
- franchisor
- Franchisor financing
- Offered
- Item 10
- POS system
- RBDirect
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: RBDirect
Item 20 · call current owners
Franchisee Contacts
30 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
Re-Bath · FDD (2025) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Re-Bath franchise?
The total investment to open a Re-Bath franchise ranges from $276K – $607K, with an initial franchise fee of $50K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do Re-Bath franchise owners earn?
According to Item 19 of the Re-Bath FDD, the average gross sales per unit is $3.9M. The median is $2.5M. Note: this is gross revenue, not profit. Actual owner earnings vary based on location, operating costs, and management.
What is Re-Bath's franchise failure rate?
Based on SBA 7(a) loan data, Re-Bath has a charge-off rate of 18.2% across 25 loans, meaning 18.2% of franchise loans were charged off. Charge-off rates are one proxy for franchise risk, though they do not capture all closures. This data comes from FOIA-sourced SBA lending records.
How many Re-Bath franchise locations are there?
As of their most recent FDD filing, Re-Bath has 145 total units in the United States, including 124 franchised units and 0 company-owned units. 17 new units were opened in the latest reporting year.
Is Re-Bath a good franchise to buy?
FranchiseVerdict rates Re-Bath as a B-grade franchise with a risk score of 55 out of 100, based on our analysis of investment costs, revenue data, SBA loan performance, and growth trends. Our rating is based solely on publicly available FDD and government data; we recommend speaking with current franchisees before making any investment decision. This is not investment advice.
Data sourced from public FDD filings and SBA 7(a) FOIA records. Not financial advice.
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Data extracted from public FDD filings and SBA 7(a) loan disclosures (FOIA). This information is provided for research purposes only and does not constitute financial, legal, or investment advice. Verify all figures with the franchisor's current Franchise Disclosure Document before making any investment decision.