BANDAG

Item 7 isn't detailed here, but the average SBA loan of $1,923,250 across just 2 recorded loans screams high-barrier entry—think production facilities, sales outlets in exclusive counties, and ongoing material buys from Bridgestone Bandag. No Item 19 means no median gross sales or profit breakdowns from existing units, which stings for evaluators wanting validated financials; in automotive repair, this opacity can signal mature systems where operators guard their edges or where variability across territories makes averages misleading. At 155 franchise locations plus 2 corporate, it's a focused network, not explosive growth, suggesting steady demand from commercial tire retreads over flashy expansion.

System health looks rock-solid: only 2 terminations and 1 transfer per recent FDD (2026), implying low churn in a specialized field where franchisees handle both manufacturing and sales. That minimal disruption points to territorial protection working well for fleet-focused ops out of Nashville HQ. For buyers eyeing $2M+ commitments, Bandag offers B2B reliability without retail headaches, but without Item 19, you're betting on industry margins (retreads cut costs 30-50% vs new tires) and your sales hustle—perfect if you've got trucking ties, risky if chasing quick flips.