FranchiseVerdict
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FV-02307·STRONGExcellent86

Showhomes

Health & Wellness - Senior CareFranchising since 1994Website
Investment
$49K – $158K
6th pct Senior Care
Avg revenue
$561K
18th pct Senior Care
Royalty
Units
19
48th pct Senior Care
SBA default
0.0%
vs <3% typical

Bottom line

  • Total investment $49K – $158K including a $20K franchise fee.
  • Average unit revenue of $561K/year (median $416K).
  • Rated STRONG with a risk score of 51/100. SBA loan default rate of 0.0% across 11 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
Showhomes Franchise Company, LLC
Parent company
Realzar Holdings LLC
Incorporated in
Georgia
HQ
500 S. Dixie Highway, Suite 202, Coral Gables, Florida 33146
Auditor
A&G LLP
Audited financials
Franchisor revenue
$1.1M
vs $1.2M 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 Showhomes unit return on the cash you put in?

Revenue · per unit, per year
$
FDD Item 19 reports $560,899
Franchisor take · royalty + ad fund
Royaltytyp 68%
%
Ad fundtyp 35%
%
Operating costs · category default: personal services
COGS
%
Labor
%
Rent / occupancy
%
Other operating
%
Total invested capital · what you actually put in
Initial investment
$
FDD Item 7: $49K–$158K
Working capital
$
FDD reports $25K–$50K

Unlevered ROIC · per unit

88%

Above typical band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$123K
EBITDA margin
22.0%
Total invested
$141K
Payback
14 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 Showhomes 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

$1.7M

on $8.4M purchase

Total debt

$6.7M

SBA $4.2M + senior + seller note

Overview

About

Showhomes franchisees provide home staging, redesign, and refresh services to real estate agents, home sellers, and property managers. Day-to-day work involves consultations, space design, product sourcing, installation, and client project management to enhance property appeal for sales or leasing.

CEO
Aurelio A. Salas
Founded
2002
FDD year
2025
States available
11

Item 7 · what it costs

The Vitals

Total investment
$49K – $158K
All-in to open one unit
Liquid capital
$25K – $50K
Cash you must have on hand
Franchise fee
$20K
Royalty
Greater of $750/mo or 7%-10% of Service Sales; 5% of Prod…
Ad fund
2.0%
typical 3–5%
Total fee load
9.0%
vs 9–13% typical

Item 19

Financial Performance

Avg gross sales
$561K
Per unit, per year
Median gross sales
$416K
Item 19 type
Gross Sales
Sample size
16 units
vs category median 23
Range (low → high)
$103K$1.7M
Cohort dispersion
Transparency
4 / 5
vs category median 4 / 5 · typical
Revenue rank18th
vs Health & Wellness - Senior Care peers
Investment cost rank6th
Lower investment ranks lower (better)
Royalty rate rank71th
Lower royalty = lower percentile (better)
Unit count rank48th
vs Health & Wellness - Senior Care peers
Risk score rank39th
Lower risk = lower percentile (better)

Item 20 · unit dynamics

The Growth Chart

Total units
19
Opened
1
Last reporting year
Closed
4
Turnover rate
21.1%
Company-owned
0
Corporate units in the system
% franchised
100%
vs corporate-owned
Net growth (yr3)
-13.6%
Net unit change last year
3-yr CAGR
-26.9%
Compounded over last 3 years
2023
19-3
Franchised units
2024
22
Franchised units
2025
26
Franchised units

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

Item 20 · 15 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 · 15 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
11
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

Showhomes presents meaningful risk due to declining unit count (-13.6% YoY), undisclosed profitability metrics, unprotected territory, and complex royalty tiers in a contracting 19-unit system.

Score breakdown · what drove the 51 / 100 rating

  1. 01MEDUnit count declined 13.6% year-over-year (19 units remaining) — indicates system contraction and potential market viability issues
  2. 02MEDNet income not disclosed in Item 19 — unable to assess actual profitability; only average revenue of $560,899 provided without expense context
  3. 03MINORUnprotected territory — franchisees face direct competition from other Showhomes franchisees and potential encroachment
  4. 04MINORWide royalty structure (7%-10% of service sales plus 3%-7% of update sales) creates unpredictable cost burden depending on sales mix
  5. 05MINORHigh initial investment range ($48,895–$158,095) relative to system size and declining unit count raises ROI concerns
  6. 06MINOR10-year term is lengthy commitment for a shrinking franchise system with no growth trajectory

Severity inferred from the FDD text · not a regulatory classification

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

Contract & Territory Detail

Protected territory
No
Initial term
10 years
Renewal term
5 years
Online sales rights
Restricted
Franchisor can compete
Yes
Hire a manager?
Allowed
Litigation count
0
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
Florida

Item 11

Training & Operations

Classroom training
35 hrs
On-the-job training
0 hrs
POS system
FranMan
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

26 numbers

Locked
(919) 444-••••
NC
(864) 607-••••
SC
(586) 709-••••
MI

One-time purchase · CSV download · Validation questions included

FDD download

Showhomes · FDD (2025) PDF

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