FranchiseVerdict
SpringGreen logo
FV-02423·STRONGExcellent91

SpringGreen

Home Services - Pest ControlFranchising since 1977Website
Investment
$119K – $135K
68th pct Pest Control
Avg revenue
$1.1M
50th pct Pest Control
Royalty
Units
156
73rd pct Pest Control
SBA default

Bottom line

  • Total investment $119K – $135K including a $45K franchise fee.
  • Average unit revenue of $1.1M/year (median $929K).
  • Rated STRONG with a risk score of 50/100.

Item 1 · who you're contracting with

The Franchisor

Legal entity
Spring-Green Lawn Care Corp.
Parent company
Spring-Green Enterprises, Inc.
Incorporated in
Delaware
HQ
11909 Spaulding School Drive, Plainfield, Illinois 60585
Auditor
DHJJ LTD.
Audited financials
Franchisor revenue
$8.0M
vs $8.3M 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 SpringGreen unit return on the cash you put in?

Revenue · per unit, per year
$
FDD Item 19 reports $1,120,124
Franchisor take · royalty + ad fund
Royaltytyp 68%
%
Ad fundtyp 35%
%
Operating costs · category default: restoration
COGS
%
Labor
%
Rent / occupancy
%
Other operating
%
Total invested capital · what you actually put in
Initial investment
$
FDD Item 7: $119K–$135K
Working capital
$
FDD reports $6K–$8K

Unlevered ROIC · per unit

92%

Above typical band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$123K
EBITDA margin
11.0%
Total invested
$134K
Payback
13 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 SpringGreen 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

$896K

on $4.5M purchase

Total debt

$3.6M

SBA $2.2M + senior + seller note

Overview

About

SpringGreen franchisees operate lawn care and landscaping service businesses, managing customer acquisition, crew scheduling, and direct service delivery (treatment applications, yard maintenance). Day-to-day operations involve sales/marketing, customer service, operational logistics, and compliance with seasonal service calendars.

CEO
Theodore T. Hofer
Founded
1977
FDD year
2026
States available
24

Item 7 · what it costs

The Vitals

Total investment
$119K – $135K
All-in to open one unit
Liquid capital
$6K – $8K
Cash you must have on hand
Franchise fee
$45K
Royalty
Sliding scale of 10% to 8% of Gross Sales
Ad fund
2.0%
typical 3–5%
Total fee load
12.0%
vs 9–13% typical

Item 19

Financial Performance

Avg gross sales
$1.1M
Per unit, per year
Median gross sales
$929K
Item 19 type
Gross Profit Margin and Gross Sales
Sample size
72 units
vs category median 33 · large
Range (low → high)
$123K$5.4M
Cohort dispersion
Transparency
7 / 5
vs category median 4 / 5 · above
Revenue rank50th
vs Home Services - Pest Control peers
Investment cost rank68th
Lower investment ranks lower (better)
Royalty rate rank55th
Lower royalty = lower percentile (better)
Unit count rank73th
vs Home Services - Pest Control peers
Risk score rank32th
Lower risk = lower percentile (better)

Item 20 · unit dynamics

The Growth Chart

Total units
156
Opened
1
Last reporting year
Closed
1
Turnover rate
0.6%
Company-owned
30
Corporate units in the system
% franchised
81%
vs corporate-owned
Multi-unit owners
8.0%
Net growth (yr3)
+0.0%
Net unit change last year
3-yr CAGR
+1.6%
Compounded over last 3 years
2024
126±0
Franchised units
2025
126
Franchised units
2026
124
Franchised units

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

Item 20 · 29 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 · 29 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.

No SBA loan data available for this brand.

FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17

Risk & Legal

50
Risk · 0-100
STRONG50 / 100

SpringGreen presents moderate-to-cautious risk due to non-disclosed profitability metrics, opaque unit growth, and potential franchisor financial concerns, warranting deep validation before commitment.

Score breakdown · what drove the 50 / 100 rating

  1. 01MEDNo Item 19 (Average Unit Volume) disclosed — inability to verify if $112K average revenue translates to profitability
  2. 02MED156 units with unknown growth trajectory — lack of transparency on system momentum or decline
  3. 03HIGHGoing Concern status is FALSE (assumed meaning franchisor may have solvency concerns or recent instability)
  4. 04MEDHigh initial investment ($118K-$135K) against undisclosed net income creates unfavorable risk-reward profile
  5. 05MINORSliding royalty scale (10%-8%) on $112K average revenue could consume 8-10% of gross sales, leaving thin margins if net income is low

Severity inferred from the FDD text · not a regulatory classification

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

Contract & Territory Detail

Territory
Census tracts
Protected territory
Yes
Initial term
10 years
Renewal term
10 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
Optional
Governing law
Illinois

Item 11

Training & Operations

Classroom training
58 hrs
On-the-job training
67 hrs

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

82 numbers

Locked
(269) 683-••••
RICK WOLFE
MI
(316) 285-••••
LELAND NISLY
KS
(479) 841-••••
RYAN GULLEY
AR

One-time purchase · CSV download · Validation questions included

FDD download

SpringGreen · FDD (2026) PDF

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