FranchiseVerdict
Tommy’s Express logo
FV-02758·MODERATEExcellent91

Tommy’s Express

OtherFranchising since 2016Website
Investment
$4.9M – $9.3M
97th pct Other
Avg revenue
$1.8M
40th pct Other
Royalty
4.0%
3rd pct Other
Units
175
83rd pct Other
SBA default
0.0%
vs <3% typical

Bottom line

  • Total investment $4.9M – $9.3M including a $50K franchise fee, 4.0% ongoing royalty.
  • Average unit revenue of $1.8M/year.
  • Rated MODERATE with a risk score of 59/100. SBA loan default rate of 0.0% across 40 loans (below the industry average).
  • System growing at 110.1% CAGR over 3 years with 175 total units — strong expansion trajectory.

Item 1 · who you're contracting with

The Franchisor

Legal entity
Tommy’s Express LLC
Parent company
Tommy Enterprises, Inc.
Incorporated in
Michigan
HQ
648 South Point Ridge, Holland, Michigan 49423
Auditor
Doeren Mayhew
Audited financials
Franchisor revenue
$14.2M
vs $17.6M 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 Tommy’s Express unit return on the cash you put in?

Revenue · per unit, per year
$
FDD Item 19 reports $1,785,494
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: $4.9M–$9.3M
Working capital
$
FDD reports $75K–$75K

Unlevered ROIC · per unit

4%

Below typical band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$321K
EBITDA margin
18.0%
Total invested
$7.2M
Payback
268 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 Tommy’s Express units return on equity?

Edit assumptions

Equity IRR · 5-yr

29.7%

3.68× MOIC

Year-1 DSCR

2.71×

EBITDA ÷ debt service

Equity required

$8.7M

on $19.6M purchase

Total debt

$10.9M

SBA $5.0M + senior + seller note

SBA 7(a) request ($9.8M) exceeds the $5M program cap. Excess capped automatically; backfill via conventional or equity.

Overview

About

Tommy's Express franchisees operate fast-lube automotive service centers providing oil changes, fluid top-offs, tire rotations, and basic maintenance. Daily operations include customer check-in, vehicle servicing, parts inventory management, staff scheduling, and quality control. Franchisees manage 3–8 service bays and typically employ 5–12 technicians.

CEO
Alex Lemmen
Founded
2015
FDD year
2024
States available
30

Item 7 · what it costs

The Vitals

Total investment
$4.9M – $9.3M
All-in to open one unit
Liquid capital
$75K – $75K
Cash you must have on hand
Franchise fee
$50K
Royalty
4.0%
Gross Sales · typical 6–8%
Ad fund
1.0%
typical 3–5%
Total fee load
5.0%
vs 9–13% typical

Item 19

Financial Performance

Avg gross sales
$1.8M
Per unit, per year
Median gross sales
Item 19 type
Gross Sales
Sample size
123 units
vs category median 20 · large
Range (low → high)
$348K$4.2M
Cohort dispersion
Transparency
6 / 5
vs category median 3 / 5 · above
Revenue rank40th
vs Other peers
Investment cost rank97th
Lower investment ranks lower (better)
Royalty rate rank3th
Lower royalty = lower percentile (better)
Unit count rank83th
vs Other peers
Risk score rank39th
Lower risk = lower percentile (better)

Item 20 · unit dynamics

The Growth Chart

Total units
175
Opened
43
Last reporting year
Closed
0
Turnover rate
0.0%
Company-owned
9
Corporate units in the system
% franchised
95%
vs corporate-owned
Net growth (yr3)
+35.0%
Net unit change last year
3-yr CAGR
+110.1%
Compounded over last 3 years
2022
166+43
Franchised units
2023
123
Franchised units
2024
79
Franchised units

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

Item 20 · 19 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 · 19 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
40
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

59
Risk · 0-100
MODERATE59 / 100

Regulatory violations, hidden profitability metrics, and aggressive expansion create elevated risk despite strong unit growth and protected territories.

Score breakdown · what drove the 59 / 100 rating

  1. 01MINORMulti-state regulatory consent orders for unregistered franchise sales and disclosure violations indicate compliance failures at corporate level
  2. 02MEDNet income not disclosed in FDD Item 19 makes ROI impossible to verify; avg revenue of $1.79M means high operating costs are unknown
  3. 03MINORAggressive 35% YoY unit growth (175 units) suggests rapid expansion that may outpace operational support and quality control
  4. 04MEDHigh initial investment range ($4.9M–$9.3M) combined with undisclosed profitability creates significant financial risk
  5. 05HIGHOfficer bankruptcy not initially disclosed, then revealed only through regulatory action, indicates governance and transparency issues

Severity inferred from the FDD text · not a regulatory classification

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

Contract & Territory Detail

Territory
Radius
Protected territory
Yes
Initial term
20 years
Renewal term
10 years
Online sales rights
Restricted
Franchisor can compete
Yes
Hire a manager?
Allowed
Litigation count
3
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
Michigan

Item 11

Training & Operations

Classroom training
60 hrs
On-the-job training
180 hrs
POS system
Tommy’s proprietary point-of-sale 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

100 numbers

Locked
(727) 748-••••
FL
(218) 234-••••
MN
(641) 428-••••
IA

One-time purchase · CSV download · Validation questions included

FDD download

Tommy’s Express · FDD (2024) PDF

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