FranchiseVerdict
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FV-02631·STRONGExcellent91

The Entrepreneur’s Source

Business Services - OtherFranchising since 1997Website
Investment
$114K – $126K
91st pct Other
Avg revenue
$144K
7th pct Other
Royalty
25.0%
57th pct Other
Units
186
86th pct Other
SBA default
0.0%
vs <3% typical

Bottom line

  • Total investment $114K – $126K including a $75K franchise fee, 25.0% ongoing royalty.
  • Average unit revenue of $144K/year (median $118K).
  • Rated STRONG with a risk score of 54/100. SBA loan default rate of 0.0% across 58 loans (below the industry average).
  • System growing at 38.8% CAGR over 3 years with 186 total units — strong expansion trajectory.

Item 1 · who you're contracting with

The Franchisor

Legal entity
TES Franchising, LLC
Incorporated in
Connecticut
HQ
464 Heritage Road, Suite 3, Southbury, Connecticut 06488
Auditor
Velez Hardy CPAs and Advisors
Audited financials
Franchisor revenue
$20.8M
vs $27.2M 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 The Entrepreneur’s Source unit return on the cash you put in?

Revenue · per unit, per year
$
FDD Item 19 reports $143,639
Franchisor take · royalty + ad fund
Royaltytyp 68%
%
Ad fundtyp 35%
%
Operating costs · category default: generic
COGS
%
Labor
%
Rent / occupancy
%
Other operating
%
Total invested capital · what you actually put in
Initial investment
$
FDD Item 7: $114K–$126K
Working capital
$
FDD reports $8K–$10K

Unlevered ROIC · per unit

-6%

Negative

0%30–60% Yale band80%

Store EBITDA · annual
$-7K
EBITDA margin
-5.0%
Total invested
$129K
Payback
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.

Overview

About

Franchisees operate as career counselors/business coaches, placing clients into entrepreneurial opportunities or employment roles. Revenue comes primarily from placement fees charged to clients or hiring companies. Day-to-day work involves client intake, career assessment, placement matching, and relationship management to generate commissionable placements.

CEO
Marissa Frois
Founded
1997
FDD year
2024
States available
37

Item 7 · what it costs

The Vitals

Total investment
$114K – $126K
All-in to open one unit
Liquid capital
$8K – $10K
Cash you must have on hand
Franchise fee
$75K
Royalty
25.0%
Percentage of sales/commissions collected on placements · typical 6–8%
Ad fund
$750 per month
Total fee load
25.0%
vs 9–13% typical

Item 19

Financial Performance

Avg gross sales
$144K
Per unit, per year
Median gross sales
$118K
Item 19 type
Historical Yearly Placement Fees
Sample size
140 units
vs category median 39 · large
Range (low → high)
$0$485K
Cohort dispersion
Transparency
4 / 5
vs category median 3 / 5 · above
Revenue rank7th
vs Business Services - Other peers
Investment cost rank91th
Lower investment ranks lower (better)
Royalty rate rank57th
Lower royalty = lower percentile (better)
Unit count rank86th
vs Business Services - Other peers
Risk score rank18th
Lower risk = lower percentile (better)

Item 20 · unit dynamics

The Growth Chart

Total units
186
Opened
49
Last reporting year
Closed
4
Turnover rate
2.2%
Company-owned
0
Corporate units in the system
% franchised
100%
vs corporate-owned
Net growth (yr3)
+25.7%
Net unit change last year
3-yr CAGR
+38.8%
Compounded over last 3 years
2022
186+38
Franchised units
2023
148
Franchised units
2024
134
Franchised units

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

Item 20 · 28 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 · 28 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.

Total loans
58
Loan volume
Avg loan
Default rate
0.0%
vs <3% typical · system-wide
5-yr default

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

Risk & Legal

54
Risk · 0-100
STRONG54 / 100

This is a high-risk placement/recruiting franchise with opaque profitability, misaligned fee structures, litigation history, and unprotected territories—proceed only after extensive current franchisee validation.

Score breakdown · what drove the 54 / 100 rating

  1. 01MINOR25% royalty on placement fees is extremely high and creates misaligned incentives; franchisee success depends on FEE COLLECTION, not client outcomes
  2. 02MINORNo Item 19 (Average Net Income) disclosure is a major transparency red flag; with $143.6K avg revenue and 25% royalties, profitability is unclear
  3. 03HIGHFTC litigation regarding dispute handling representations suggests franchisor made unsubstantiated claims about their support or safe harbor frameworks
  4. 04MINORArbitration award against franchisees for unlawful termination indicates termination disputes and potential franchisor overreach in contract enforcement
  5. 05MINORUnprotected territory in a business model dependent on local client relationships creates cannibalization risk and unfair competition between franchisees
  6. 06MEDHigh initial investment ($114K-$126K) relative to undisclosed net income creates poor visibility on ROI timeline and payback period
  7. 07MINORRapid growth (25.7% YoY) without profitability disclosure may indicate recruitment-driven expansion rather than unit-level sustainability

Severity inferred from the FDD text · not a regulatory classification

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

Contract & Territory Detail

Protected territory
No
Initial term
10 years
Renewal term
10 years
Online sales rights
Restricted
Franchisor can compete
Yes
Hire a manager?
Allowed
Litigation count
2
Right of first refusal
Yes
Franchisor can buy back on resale
Mandatory arbitration
Yes
Jury trial waiver
Yes
Non-compete
2 yrs
Post-termination restriction
Owner-operator
Optional
Governing law
Connecticut

Item 11

Training & Operations

Classroom training
80 hrs
On-the-job training
202 hrs
POS system
Proprietary TES data management and intranet system
Operating tech stack

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

99 numbers

Locked
(928) 251-••••
AZ
(480) 449-••••
AZ
(847) 426-••••
IL

One-time purchase · CSV download · Validation questions included

FDD download

The Entrepreneur’s Source · FDD (2024) PDF

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