FranchiseVerdict
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FV-02230·STRONGExcellent86

Sandler Training

Formerly known as Senior Solutions

Education - Tutoring & Test PrepFranchising since 1983Website
Investment
$78K – $102K
30th pct Tutoring & Te…
Avg revenue
$738K
35th pct Tutoring & Te…
Royalty
8.0%
27th pct Tutoring & Te…
Units
138
80th pct Tutoring & Te…
SBA default
0.0%
vs <3% typical

Bottom line

  • Total investment $78K – $102K including a $59K franchise fee, 8.0% ongoing royalty.
  • Average unit revenue of $738K/year.
  • Rated STRONG with a risk score of 51/100. SBA loan default rate of 0.0% across 28 loans (below the industry average).
  • No protected territory and the franchisor reserves the right to compete in your area. Clarify territorial boundaries before signing.

Item 1 · who you're contracting with

The Franchisor

Legal entity
Sandler Systems, LLC
Parent company
Sandler Holdings, LLC
Incorporated in
Maryland
HQ
300 Red Brook Boulevard, Suite 10, Owings Mills, Maryland 21117
Auditor
RSM US LLP
Audited financials
Franchisor revenue
$27.7M
vs $31.5M 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 Sandler Training unit return on the cash you put in?

Revenue · per unit, per year
$
FDD Item 19 reports $737,851
Franchisor take · royalty + ad fund
Royaltytyp 68%
%
Ad fundtyp 35%
%
Operating costs · category default: education
COGS
%
Labor
%
Rent / occupancy
%
Other operating
%
Total invested capital · what you actually put in
Initial investment
$
FDD Item 7: $78K–$102K
Working capital
$
FDD reports $10K–$30K

Unlevered ROIC · per unit

81%

Above typical band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$89K
EBITDA margin
12.0%
Total invested
$110K
Payback
15 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 Sandler Training 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

$738K

on $3.7M purchase

Total debt

$3.0M

SBA $1.8M + senior + seller note

Overview

About

Sandler Training franchisees operate a sales training and coaching business, delivering in-person and virtual training programs to corporate clients in their territory. Revenue is generated through training workshops, one-on-one coaching, consulting engagements, and corporate contracts—essentially functioning as B2B sales training consultants with Sandler curriculum and methodology.

CEO
David Braun
Founded
1983
FDD year
2025
States available
36

Item 7 · what it costs

The Vitals

Total investment
$78K – $102K
All-in to open one unit
Liquid capital
$10K – $30K
Cash you must have on hand
Franchise fee
$59K
Royalty
8.0%
percentage · typical 6–8%
Ad fund
$544.79 per month
Total fee load
8.0%
vs 9–13% typical

Item 19

Financial Performance

Avg gross sales
$738K
Per unit, per year
Median gross sales
Item 19 type
Gross Revenues
Sample size
107 units
vs category median 12 · large
Range (low → high)
$7K$5.8M
Cohort dispersion
Transparency
5 / 5
vs category median 4 / 5 · above
Revenue rank35th
vs Education - Tutoring & Test Prep peers
Investment cost rank30th
Lower investment ranks lower (better)
Royalty rate rank27th
Lower royalty = lower percentile (better)
Unit count rank80th
vs Education - Tutoring & Test Prep peers
Risk score rank24th
Lower risk = lower percentile (better)

Item 20 · unit dynamics

The Growth Chart

Total units
138
Opened
10
Last reporting year
Closed
8
Turnover rate
5.8%
Company-owned
0
Corporate units in the system
% franchised
100%
vs corporate-owned
Net growth (yr3)
+0.7%
Net unit change last year
3-yr CAGR
-1.4%
Compounded over last 3 years
2023
138+1
Franchised units
2024
137
Franchised units
2025
140
Franchised units

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

Item 20 · 29 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 · 29 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
28
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

Sandler Training presents caution-level risk due to anemic unit growth, missing profitability disclosure, unprotected territory, and a resolved but material 8-year litigation over franchise terms that raises questions about franchisor-franchisee alignment.

Score breakdown · what drove the 51 / 100 rating

  1. 01MINORStagnant unit growth (0.7% YoY) indicates market saturation or system-wide performance issues
  2. 02MINORNo Item 19 (Average Net Income) disclosure raises transparency concerns about actual franchisee profitability
  3. 03MINORUnprotected territory creates direct competition risk from other Sandler franchisees in your service area
  4. 04MINOR8% royalty on gross revenues (not net) is substantial burden if margins are thin, especially in service-based model
  5. 05HIGH2009-2017 litigation over revenue sharing and training agreements suggests fundamental disputes about franchise terms
  6. 06MEDHigh initial investment ($77.5K-$102.2K) with undisclosed average net income creates ROI visibility gap
  7. 07MINOR5-year term is relatively short; renewal risk and renegotiation leverage unclear

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
No
Initial term
5 years
Renewal term
5 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
Required
Governing law
Maryland

Item 11

Training & Operations

Classroom training
43 hrs
On-the-job training
0 hrs
POS system
HubSpot CRM
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

95 numbers

Locked
(913) 515-••••
KS
(937) 469-••••
OH
(402) 403-••••
NE

One-time purchase · CSV download · Validation questions included

FDD download

Sandler Training · FDD (2025) PDF

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