Bar-B-Clean

The track record shows steady maturation over 11 years, with franchise locations jumping 22% from 23 in 2022 to 28 in 2023, plus one corporate outlet and 16 projected new units signaling optimism (FDD likely in Items 20/21). However, 4 terminations and 3 system transfers over the recent period suggest some friction—not catastrophic for a youngish 29-unit system but worth probing via Item 20 details on closures. SBA financing backs 12 loans averaging $137,917, indicating banks see viability for this low-overhead, mobile model targeting homeowners and commercial sites in exclusive territories.

Financials look accessible: $49,500 franchise fee, total investment $78,200-$99,120 (Item 7), with ongoing fees of the greater of 6% royalty or $500/month (waived first 6 months), 2% brand fund, and $500-$1,000 annual tech fee. Item 19 shines with average gross revenue $220,451 but median $257,485 across units, implying a few underperformers drag the average down—potentially strong for single- or multi-unit (up to 10) operators if they hit median. Low entry barriers and home-based ops mean quicker breakeven versus brick-and-mortar peers, but that revenue minimum on royalties could pinch early earners.