FranchiseVerdict
RIVER POOLS® logo
FV-02159·MODERATEExcellent81FDD 2022

River Pools®

OtherFranchising since 2019Website
Investment
$114K – $288K
38th pct Other
Avg revenue
50th pct Other
Royalty
12.0%
61st pct Other
Units
17
45th pct Other
SBA default
0.0%
vs <3% typical

Bottom line

  • Total investment $114K – $288K including a $50K franchise fee, 12.0% ongoing royalty.
  • No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
  • Rated MODERATE with a risk score of 56/100. SBA loan default rate of 0.0% across 2 loans (below the industry average).
  • Auditor disclosed a going-concern note — flagged doubt about the franchisor's ability to continue operations. Verify against the latest FDD.

Item 1 · who you're contracting with

The Franchisor

Legal entity
River Pools Franchising, LLC
Incorporated in
Indiana
HQ
840 Commerce Pkwy, Fortville, IN 46040
Auditor
Roger L. Handy, PC
Audited financials
Franchisor revenue
$82K
vs $541K prior year
⚠ Going-concern note
Disclosed in FDD 2022
Status as of 2022; may have been resolved in a later filing we don't yet have.

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 RIVER POOLS® 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: $114K–$288K
Working capital
$
FDD reports $25K–$75K

Unlevered ROIC · per unit

27%

Below typical band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$68K
EBITDA margin
9.0%
Total invested
$251K
Payback
45 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

River Pools franchisees manufacture and sell fiberglass swimming pool shells, handling production, sales, installation coordination, and customer service. Franchisees operate as regional distributors leveraging the franchisor's proprietary shell designs and manufacturing technology. Day-to-day work involves managing inventory, responding to dealer/contractor inquiries, managing supply chain logistics, and supporting local pool builders and installers.

CEO
Jason Hughes
Founded
2020
FDD year
2022
States available
12

Item 7 · what it costs

The Vitals

Total investment
$114K – $288K
All-in to open one unit
Liquid capital
$25K – $75K
Cash you must have on hand
Franchise fee
$50K
Royalty
12.0%
Per unit (swimming pool shell) · typical 6–8%
Ad fund
2.0%
typical 3–5%
Total fee load
14.0%
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
17
Opened
8
Last reporting year
Closed
2
Turnover rate
11.8%
Company-owned
0
Corporate units in the system
% franchised
100%
vs corporate-owned
Multi-unit owners
18.9%
Net growth (yr3)
+54.5%
Net unit change last year
3-yr CAGR
Outlier (see FDD)
Likely small-sample artifact
2020
17+6
Franchised units
2021
11
Franchised units
2022
5
Franchised units

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

Item 20 · 22 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 · 22 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
2
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

56
Risk · 0-100
MODERATE56 / 100

Early-stage pool franchise with opaque financial data, atypical royalty calculation, small unit base, and high capital requirements relative to undisclosed profitability metrics.

Score breakdown · what drove the 56 / 100 rating

  1. 01MINORNo Item 19 financial performance disclosure (avg revenue and net income not provided) prevents ROI validation
  2. 02MINORHigh royalty rate of 12% based on manufacturer's listed price (not actual franchisee revenue) creates unclear fee structure and potential margin compression
  3. 03MINOROnly 17 units with 54.5% YoY growth indicates small, early-stage system vulnerable to unit churn; absolute growth numbers are marginal
  4. 04MINORHigh initial investment range ($113.7K-$288.2K) with $50K franchise fee lacks transparent payback period or break-even timeline
  5. 05MINORBroad territory protection claim requires verification—undefined territory size and density thresholds create expansion 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
Specific geographic area
Protected territory
Yes
Initial term
10 years
Renewal term
10 years
Online sales rights
Restricted
Franchisor can compete
Yes
Hire a manager?
Not allowed
Litigation count
0
Right of first refusal
Yes
Franchisor can buy back on resale
Mandatory arbitration
Yes
Jury trial waiver
Yes
Non-compete
2 yrs
Post-termination restriction
Owner-operator
Required
Governing law
Indiana

Item 11

Training & Operations

Classroom training
76 hrs
On-the-job training
25 hrs
POS system
Online Work Order System
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

28 numbers

Locked
(843) 771-••••
River Pools Charleston
SC
(623) 734-••••
Corey Galbraith
AZ
(865) 310-••••
River Pools of Knoxville
TN

One-time purchase · CSV download · Validation questions included

FDD download

RIVER POOLS® · FDD (2022) PDF

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