911 RESTORATION

Item 7 outlines initial investments from $123,600 to $246,900, including a $49,000 franchise fee, signaling a mid-tier entry for home services. Ongoing fees bite hard at 10% royalty on restoration revenues, plus 1% brand fund, $3,500 monthly local ads, and $195 tech fee—potentially eroding 15-20% of gross before profits. Item 19 shines brightly: average gross revenue clocks $950,225 with a median of $706,782 across 322 franchised units, implying top performers exceed $1M while half fall under $700K; no EBITDA disclosed, but these figures suggest 20-30% margins are feasible post-expenses for efficient operators. SBA data backs ambition, with 43 loans averaging $403,974, financing about 13% of the system.

Since franchising in 2007, 911 Restoration grew from 282 to 323 locations (+15%) between 2022-2023, projecting just 5 new units amid 11 transfers and only 3 terminations—steady but not explosive, with 6 corporate spots anchoring ops. Litigation skews toward franchisor actions for breaches and infringement, plus one franchisee arbitration over alleged misrepresentations, flagging potential brand control friction. Healthy revenues offset high fees for veterans eyeing 24/7 territories (100K-350K pop), but median sales lag signals execution risk; this suits hands-on rescuers over passive investors.