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AStrongest tier64/100FDD 2022

Sonitrol: Litigation & Risk

Home Services · FDD Items 3, 4 & 5

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Moderate: Review

5 cases disclosed in FDD Items 3 and 4.

Source: FDD Items 3–5

FDD Items 3 & 4

Litigation Metrics

Cases disclosed
5
Total from FDD Items 3 and 4
Bankruptcy (Item 4)
None
Franchisor or officer bankruptcy
Verdict score
64 / 100
FranchiseVerdict composite · higher is better
Rating
A
A / B / C / D / F verdict grade

7(a) FOIA data · FY2020–present

SBA Loan Performance

Aggregated from public SBA 7(a) loan disclosures. Charge-off rate is the share of loans that were charged off or settled for less than the full balance.

Total 7(a) loans
6
Government-backed loans issued
Charge-off rate
N/A
vs 16% franchise average
5-yr charge-off rate
N/A
Defaults
N/A
Loans charged off or defaulted
Total loan volume
$2.8M
Avg loan size
$466K
Participating lenders
5

FDD Items 5, 6 & 17: What You Give Up

Contract Risk Indicators

Mandatory arbitration
Required
Disputes resolved outside court, limits your legal options
Jury trial waiver
Waived
You give up the right to a jury trial
Non-compete
2 yrs
Post-termination restriction on similar businesses
Franchisor can compete
Yes
Franchisor can open competing locations in or near your territory
Right of first refusal
Yes
Franchisor can match any purchase offer when you try to sell
Governing law
Delaware
State whose law governs disputes. Relevant if you're not based there

Extracted from FDD Item 3

Litigation Detail

Four concluded civil actions disclosed: (1) Care First Pharmacy v. Stanley Convergent Security Solutions, Inc. (Texas, 2017) - security system failure at pharmacy, settled for $10,000 in December 2017; (2) Oris Development (Cambie) Corp. v. Sonitrol entities (Canada, 2012) - fire loss at condominium development (~$12M CAD claimed), settled for less than $25,000 in March 2016; (3) Collections Fine Jewelry v. Stanley Convergent Security Solutions Inc. (Texas, 2011) - alarm system failure at jewelry store, settled for $800,000 in May 2014; (4) The State of Louisiana/UNO Foundation v. Honeywell International Inc./Sonitrol (Louisiana, 2008) - failure to monitor building and notify of sprinkler activation causing flood damage. All cases involve alleged failures of security/monitoring systems.

What drove the 64/100 verdict

Risk Score Breakdown

  1. 01MINOR4 concluded suits, 1 pending class action vs parent
  2. 02MINORnet worth $11.59B, net income $1.6B (parent scale)
  3. 03MINORno Item 19 disclosure
  4. 04MINORaudited financials

Severity inferred from FDD text. Not a regulatory or legal classification

Litigation data from FDD Items 3, 4, and 5. SBA data from public 7(a) FOIA records (FY2020–present). Not legal advice. Consult a franchise attorney before signing any franchise agreement.