FranchiseVerdict
ShelfGenie logo
FV-02299·MODERATEExcellent95

ShelfGenie

OtherFranchising since 2008Website
Investment
$45K – $137K
13th pct Other
Avg revenue
$5K
1st pct Other
Royalty
5.0%
6th pct Other
Units
271
90th pct Other
SBA default
0.0%
vs <3% typical

Bottom line

  • Total investment $45K – $137K including a $70K franchise fee, 5.0% ongoing royalty.
  • Average unit revenue of $5K/year (median $4K).
  • Rated MODERATE with a risk score of 56/100. SBA loan default rate of 0.0% across 37 loans (below the industry average).

Item 1 · who you're contracting with

The Franchisor

Legal entity
ShelfGenie SPV LLC
Parent company
Neighborly Assetco LLC
Incorporated in
Delaware
HQ
1010 North University Parks Drive, Waco, Texas 76707
Auditor
Ernst & Young LLP
Audited financials
Franchisor revenue
$384K
vs $452K 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 ShelfGenie unit return on the cash you put in?

Revenue · per unit, per year
$
FDD Item 19 reports $4,633
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: $45K–$137K
Working capital
$
FDD reports $3K–$15K

Unlevered ROIC · per unit

1%

Below typical band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$741
EBITDA margin
16.0%
Total invested
$100K
Payback
1622 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

ShelfGenie franchisees design, install, and sell custom closet organization systems and shelving solutions to residential customers. Day-to-day operations involve in-home consultations, custom design work, material ordering, installation supervision, and customer service. The model appears to be service-based with potential product retail components.

CEO
Michael Anthony Davis
Founded
2020
FDD year
2024
States available
28

Item 7 · what it costs

The Vitals

Total investment
$45K – $137K
All-in to open one unit
Liquid capital
$3K – $15K
Cash you must have on hand
Franchise fee
$70K
Royalty
5.0%
Percentage of Gross Sales · typical 6–8%
Ad fund
2.0%
typical 3–5%
Total fee load
7.0%
vs 9–13% typical

Item 19

Financial Performance

Avg gross sales
$5K
Per unit, per year
Median gross sales
$4K
Item 19 type
Gross Sales per Order
Sample size
46 units
vs category median 20 · large
Range (low → high)
$62K$4.7M
Cohort dispersion
Transparency
4 / 5
vs category median 3 / 5 · above
Revenue rank1th
vs Other peers
Investment cost rank13th
Lower investment ranks lower (better)
Royalty rate rank6th
Lower royalty = lower percentile (better)
Unit count rank90th
vs Other peers
Risk score rank29th
Lower risk = lower percentile (better)

Item 20 · unit dynamics

The Growth Chart

Total units
271
Opened
44
Last reporting year
Closed
16
Turnover rate
5.9%
Company-owned
16
Corporate units in the system
% franchised
94%
vs corporate-owned
Net growth (yr3)
+12.3%
Net unit change last year
3-yr CAGR
+12.3%
Compounded over last 3 years
2022
255+28
Franchised units
2023
227
Franchised units
2024
227
Franchised units

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

Item 20 · 31 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 · 31 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
37
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

ShelfGenie presents CAUTION-level risk: opaque financial performance data, modest growth trajectory, high fee-to-revenue ratio, and parent company litigation history warrant thorough operator verification before investment.

Score breakdown · what drove the 56 / 100 rating

  1. 01MEDNo Item 19 (Average Net Income) disclosed — cannot validate $45k-$137k investment ROI claims
  2. 02MINORLow average revenue ($4,633) suggests either very new units, part-time operations, or significant underperformance relative to investment size
  3. 03HIGHMultiple litigation actions across affiliate brands (Window Genie, Molly Maid) indicate systemic compliance and operational issues within parent company
  4. 04MEDHigh franchise fee ($69,500) relative to disclosed average revenue creates unfavorable risk-reward ratio
  5. 05MINOR12.3% YoY unit growth is modest for a brand claiming to be established; suggests market saturation or franchisee satisfaction concerns
  6. 06MINOR5-7% royalty on low revenue base may create cash flow pressure for franchisees

Severity inferred from the FDD text · not a regulatory classification

FDD Items 5, 6, 12, 17 · continued from Risk & Legal

Contract & Territory Detail

Territory
Household count
Protected territory
Yes
Initial term
5 years
Renewal term
5 years
Online sales rights
Granted
Franchisor can compete
Yes
Hire a manager?
Allowed
Litigation count
3
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
Texas

Item 11

Training & Operations

Classroom training
71 hrs
On-the-job training
0 hrs
POS system
WishPortal
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

54 numbers

Locked
(641) 295-••••
IA
(903) 814-••••
TX
(650) 641-••••
CA

One-time purchase · CSV download · Validation questions included

FDD download

ShelfGenie · FDD (2024) PDF

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