Bottom line
- Total investment $6K – $435K including a $0 franchise fee.
- No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
- Rated STRONG with a risk score of 54/100.
- No Item 19 financial performance representation. Without franchisor-disclosed revenue data, you'll need to gather unit economics directly from existing franchisees.
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 Smile Source unit return on the cash you put in?
Unlevered ROIC · per unit
70%
Above typical band (30–60%)
Overview
About
Smile Source franchisees operate dental support service centers or hygiene practices, likely providing clinical dental services, administrative support, or hygiene-focused care to patient populations. Day-to-day operations include patient scheduling, clinical service delivery, billing/compliance, and local marketing to grow the patient base within their territory.
Item 7 · what it costs
The Vitals
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
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 11 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.
No SBA loan data available for this brand.
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Smile Source presents a cautionary risk profile due to lack of financial transparency, unprotected territories, below-average unit growth, and undisclosed unit economics that prevent proper ROI validation.
Score breakdown · what drove the 54 / 100 rating
- 01MEDNo average revenue or net income disclosed (Item 19) — impossible to validate ROI or unit economics
- 02MINORUnprotected territory creates direct competition risk; no exclusivity guarantee
- 03MINORWide investment range ($5,800–$435,000) suggests inconsistent model; unclear what drives cost variance
- 04MINORModest 6.1% YoY growth with 663 units is below industry standards; growth trajectory unclear
- 05MINORRoyalty rate increase (1.45% → 1.50%) announced July 2023 signals margin pressure on franchisees
- 06MINOR5-year term is shorter than industry standard (10 years typical); renewal risk and instability
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
84 numbers
One-time purchase · CSV download · Validation questions included
FDD download
Smile Source · FDD (2023) PDF