SpiffyFranchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
FranchiseVerdict summary · 2026
A SPIFFY franchise requires a total initial investment of $102K – $181K, including a $40K franchise fee and an ongoing 7.0% royalty[2]. Per the 2022 FDD, average unit revenue was $1.1M[2]. Verdict grade: A. Run a live ROI scan →
Data last verified June 21, 2026 · figures per the 2022 FDD issuance
Overview
- Investment
- $102K – $181K
- 11th pct Automotive
- Avg gross sales
- $1.1M
- 13th pct Automotive
- Royalty
- 7.0%
- 18th pct Automotive
- Units
- 38
- 16th pct Automotive
- SBA default
- N/A
Quick verdict · Automotive · color = vs category peers
Green = >15% above Automotive avg · No shading = within ±15% · Red = >15% below avg · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
Each dollar invested generates 7.8x in gross revenue, well above the typical 1.5-2.5x range.
Bottom line
- Total investment $102K – $181K including a $40K franchise fee, 7.0% ongoing royalty.
- Average unit revenue of $1.1M/year (median $844K).
- Verdict A (Top Quintile) with a risk score of 37/100.
Item 1 · who you're contracting with
The Franchisor
- Legal entity
- SPIFFY FRANCHISING, LLC
- Ultimate parent
- Get Spiffy, Inc.
- CEO title
- Chief Executive Officer
- M. Scot Wingo
- CEO experience
- 19 yrs
- Years in role or industry
- Founder active
- Yes
- Original founder still leading the business
- Incorporated in
- DE
- HQ
- 4506 S. Miami Blvd, Suite 150, Durham, North Carolina 27703
- Auditor
- ROMEO, WIGGINS & COMPANY, L.L.P.
- Audited financials
- Franchisor revenue
- $483
- vs $320K prior year
Overview
About
Spiffy franchisees operate mobile car detailing and/or car wash services, typically servicing customers at their homes or businesses. Day-to-day operations involve scheduling appointments, managing crews, handling equipment and supplies, generating revenue through service delivery, and potentially selling tire products subject to separate royalty rates.
- CEO
- M. Scot Wingo
- Headquarters
- NC
- Founded
- 2020
- FDD year
- 2022
- States available
- 8
FDD Item 7 · 2022 filing · 19 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| Initial Franchise Feenot refundable | $36K | $40K | |
| Software Set Up Feenot refundable | $2K | $2K | |
| Core Service Van Down Paymentnot refundable | — | — | |
| Core Service Van Lease Paymentsnot refundable | $3K | $10K | |
| Management Training Feenot refundable | $5K | $5K | |
| Construction, Leasehold Improvements, Furniture and Fixturesnot refundable | $0 | $5K | |
| Office/Warehouse Leasenot refundable | $6K | $15K | |
| Rent Deposits | $2K | $5K | |
| Supplies, Inventory, Equipmentnot refundable | $25K | $35K | |
| Computer, Hardwarenot refundable | $3K | $5K | |
| Non-Spiffy Softwarenot refundable | $500 | $500 | |
| Spiffy Softwarenot refundable | $2K | $2K | |
| Utility Deposits | $500 | $1K | |
| Insurance Deposits and Premiumsnot refundable | $3K | $9K | |
| Pre-opening Travel Expensenot refundable | $750 | $2K | |
| Initial Advertisingnot refundable | $2K | $4K | |
| Professional Fees and Business Licensesnot refundable | $500 | $1K | |
| Office Equipment and Suppliesnot refundable | $500 | $2K | |
| Additional funds - 3 Monthsnot refundable | $10K | $40K | |
| Total initial investment | $102K | $181K |
Line items extracted from FDD Item 7. Ranges reflect the franchisor's stated low and high per line. Total is the sum of line-item lows / highs — actual costs may fall outside this range depending on market and build-out scope.
Single-unit · estimated
Returns at a glance
Indicative numbers using FDD Item 7 / Item 19 inputs and category-benchmarked cost ratios. Full single-unit, 25-unit portfolio, and LBO models (with every input editable to stress-test your own scenario) live on the financials page.
Store EBITDA · annual
$176K
16.0% margin
Unlevered ROIC
106%
EBITDA / total invested capital
Payback
11 mo
cash-on-cash, unlevered
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $102K – $181K
- Better than avg vs category
- Liquid capital req'd
- $10K – $40K
- Better than avg vs category
- Franchise fee
- $36K – $40K
- Better than avg vs category
- Royalty
- 7.0%
- percentage_of_gross · typical 6–8%
- Ad fund
- 2.0%
- typical 3–5%
- Total fee load
- 9.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 7.0% of gross sales |
| Marketing / ad fund | 2.0% of gross sales |
| Technology fee | $500 |
| Training fee | $5K |
| Transfer fee | $10K |
| Renewal fee | $5K |
| Total fee load | 9.0% of rev |
Financial Performance
- Avg gross sales
- $1.1M
- Per unit, per year
- Median gross sales
- $844K
- Item 19 type
- Affiliate-owned SPIFFY businesses
- Sample size
- 21 units
- vs category median 70 · small
- Range (low → high)
- $106K→$3.4M
- Cohort dispersion (min → max)
- Transparency
- 4 / 5
- vs category median 4 / 5 · typical
Compared against 221 Automotive brands
Revenue is 7.8x the investment midpoint. At typical franchise margins, this suggests a payback under 3 years.
vs Automotive averages
How Spiffy Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 38
- Opened
- 8
- Last reporting year
- Closed
- 0
- Terminated
- 0
- Franchisor ended the franchise (per Item 20)
- Non-renewed
- 0
- Term expired, not renewed (per Item 20)
- Turnover rate
- 0.0%
- Company-owned
- 30
- Corporate units in the system
- % franchised
- 21%
- vs corporate-owned
3-year detail · Item 20
- Transfers (3yr)
- 0
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 20 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 contact records (FDD Item 20). Shows states with at least one current operator on file. Full state registration data (Item 12) will appear on a future FDD refresh.
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA loan disclosures. This brand has only 2 7(a) loans on file; statistical reliability is limited below 10 loans.
- Total loans
- 2
- Loan volume
- $273K
- Median loan
- $173K
- 50th percentile
- Charge-off rate
- N/A
Historical SBA 7(a) lending data, not predictive of future performance. How SBA charge-off rates are calculated
- Repayment rate (PIF)
- N/A
- 5-yr charge-off
- N/A
- Loans approved 2021+
- Active lenders
- 2
- Defaults
- 0
Explore lender portfolios on Bank Reports or regional data on State Reports.
Premium insight
SBA Lending Report
Deep-dive into Spiffy's SBA lending history: lender network, geographic footprint, interest rates, and more.
SBA Lending Report
- Principal loss rate and NAICS industry benchmark
- 1 lenders with concentration factor
- Per-state charge-off rates across 1 states
- Startup risk premium and job creation velocity
- 1-year lending trend
Instant access. No subscription.
Risk analysis
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Spiffy presents elevated risk due to undisclosed profitability data, questionable franchisor financial health (going concern = False), small unit base, and complex royalty structure that obscures true franchisee earnings potential.
Litigation (Item 3)
No litigation required to be disclosed
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · ROMEO, WIGGINS & COMPANY, L.L.P.
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Supplier relationship · Items 8 & 16
- Franchisor sells you products: Yes
- Kickbacks from required suppliers: No
- Must buy proprietary products: Yes
- Restricted to system-approved products: Yes
- Can negotiate own supplier terms: No
Score breakdown · what drove the 37 / 100 rating
- 01MINORNo average net income disclosure (Item 19) — inability to assess actual profitability despite $1.1M average revenue claim
- 02MINOROnly 38 units with unknown growth trajectory — small system size raises sustainability questions
- 03HIGHGoing Concern status is False — potential financial instability at franchisor level
- 04MEDHigh initial investment ($101.5K–$181.4K) relative to disclosed average revenue without net income transparency
- 05MINORDual royalty structure (7% standard + 4% tire sales) creates complex revenue leakage — franchisee earnings clarity absent
- 06MED10-year term lock-in with no disclosed unit growth or exit data
Severity inferred from the FDD text · not a regulatory classification
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 10 years |
|---|---|
| Renewal term | 5 years |
| Allowed renewalsℹ | 1 |
| Territory type | Radius or Population |
| Protected territory | Yes |
| Exclusive territoryℹ | Yes |
| Territory radius | 20 mi |
| Territory population | 100,000 |
| Online sales rightsℹ | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Optional |
| Non-compete (years)ℹ | 2 years |
| Right of first refusalℹ | Yes |
| RoFR response window | 45 days |
| Transfer requires consent | Yes |
| Termination notice | 15 days |
| Mandatory arbitration | Yes |
| Arbitration location | Durham, North Carolina |
| Jury trial waiver | Yes |
| Governing law | North Carolina |
| Litigation count | 0 |
View Item 3 litigation summary
No litigation required to be disclosed
Items 10, 11
Training & Operations
- Classroom training
- 70 hrs
- On-the-job training
- 60 hrs
- Training location
- Durham, NC and Your Location
- Field support
- 60 hrs/yr
- On-site visits per year
- POS system
- Spiffy Software
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: Spiffy Software
Item 20 · call current owners
Franchisee Contacts
29 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
SPIFFY · FDD (2022) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a SPIFFY franchise?
The total investment to open a SPIFFY franchise ranges from $102K – $181K, with an initial franchise fee of $40K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do SPIFFY franchise owners earn?
According to Item 19 of the SPIFFY FDD, the average gross sales per unit is $1.1M. The median is $844K. Note: this is gross revenue, not profit. Actual owner earnings vary based on location, operating costs, and management.
What is SPIFFY's franchise failure rate?
SBA 7(a) loan charge-off data is not available for SPIFFY (fewer than 10 loans on file). Charge-off rates are one way to gauge franchise risk, but not all franchise loans go through the SBA program. We recommend reviewing turnover and closure data in the FDD and speaking with current franchisees.
How many SPIFFY franchise locations are there?
As of their most recent FDD filing, SPIFFY has 38 total units in the United States, including 0 franchised units and 30 company-owned units. 8 new units were opened in the latest reporting year.
Is SPIFFY a good franchise to buy?
FranchiseVerdict rates SPIFFY as a A-grade franchise with a risk score of 37 out of 100, based on our analysis of investment costs, revenue data, SBA loan performance, and growth trends. Our rating is based solely on publicly available FDD and government data; we recommend speaking with current franchisees before making any investment decision. This is not investment advice.
Data sourced from public FDD filings and SBA 7(a) FOIA records. Not financial advice.
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Data extracted from public FDD filings and SBA 7(a) loan disclosures (FOIA). This information is provided for research purposes only and does not constitute financial, legal, or investment advice. Verify all figures with the franchisor's current Franchise Disclosure Document before making any investment decision.