Bottom line
- Total investment $163K – $284K including a $40K franchise fee, 8.0% ongoing royalty.
- Average unit revenue of $539K/year (median $419K).
- Rated STRONG with a risk score of 54/100. SBA loan default rate of 0.0% across 18 loans (below the industry average).
- System contracting at -34.3% CAGR over 3 years. Investigate whether closures are franchisor-driven (consolidation) or franchisee-driven (economics).
Item 1 · who you're contracting with
The Franchisor
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 SHACK SHINE unit return on the cash you put in?
Unlevered ROIC · per unit
18%
Below typical band (30–60%)
Levered LBO scenario · Yale Crease Capital framing
What would 25 SHACK SHINE units return on equity?
Equity IRR · 5-yr
49.9%
7.57× MOIC
Year-1 DSCR
1.88×
EBITDA ÷ debt service
Equity required
$216K
on $1.1M purchase
Total debt
$862K
SBA $0.5M + senior + seller note
Overview
About
Shack Shine franchisees operate mobile car detailing and appearance services, likely including exterior washing, waxing, and interior cleaning at customer locations or a fixed facility. Day-to-day operations involve scheduling client appointments, managing labor/crew coordination, purchasing supplies, and delivering high-touch service to build recurring revenue through subscription or per-service pricing models.
Item 7 · what it costs
The Vitals
Item 19
Financial Performance
Item 20 · unit dynamics
The Growth Chart
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 18 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 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.
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Shack Shine presents elevated risk due to severe unit decline (-25.8% YoY), undisclosed net income data, and franchisor going-concern issues, making ROI validation impossible before investment.
Score breakdown · what drove the 54 / 100 rating
- 01MEDUnit count declined 25.8% year-over-year (23 units from ~31), indicating system contraction and potential franchisee struggle
- 02MEDNo average net income disclosed in Item 19 — cannot assess actual profitability despite $538k average revenue
- 03HIGHGoing Concern status is False, suggesting financial uncertainty at franchisor level or accounting concerns
- 04MEDHigh initial investment ($162.5k-$283.8k) relative to disclosed revenue visibility creates breakeven risk
- 05MINOR8% royalty on gross (not net) revenue is aggressive given no profitability transparency
Severity inferred from the FDD text · not a regulatory classification
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
Item 11
Training & Operations
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
33 numbers
One-time purchase · CSV download · Validation questions included
FDD download
SHACK SHINE · FDD (2025) PDF