Spiffy
Bottom line
- Total investment $102K – $181K including a $40K franchise fee, 7.0% ongoing royalty.
- Average unit revenue of $1.1M/year (median $844K).
- Rated MODERATE with a risk score of 61/100. SBA loan default rate of 0.0% across 4 loans (below the industry average).
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 SPIFFY unit return on the cash you put in?
Unlevered ROIC · per unit
106%
Above typical band (30–60%)
Levered LBO scenario · Yale Crease Capital framing
What would 25 SPIFFY units return on equity?
Equity IRR · 5-yr
49.9%
7.57× MOIC
Year-1 DSCR
1.88×
EBITDA ÷ debt service
Equity required
$2.0M
on $9.9M purchase
Total debt
$7.9M
SBA $4.9M + senior + seller note
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.
Item 7 · what it costs
The Vitals
Item 19
Financial Performance
Item 20 · unit dynamics
The Growth Chart
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 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.
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.
Score breakdown · what drove the 61 / 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
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
29 numbers
One-time purchase · CSV download · Validation questions included
FDD download
SPIFFY · FDD (2022) PDF