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BEST CHOICE ROOFING

BEST CHOICE ROOFING

Best Choice Roofing franchises provide residential and commercial roofing services, specializing in reroofing properties damaged by wind or hailstorms, along with other property maintenance services. Franchisees operate under the franchisor's marks and system, leading sales teams, managing production from start to finish, ensuring customer satisfaction, and handling payments often involving insurance carriers. The target market includes both residential and commercial property owners in defined territories.

Since 2021ServicesHendersonville, TNwww.bestchoiceroofing.com
2024 FDDItem 19 AvailableSBA Loan Data

Disclaimer: This information was extracted using AI from public Franchise Disclosure Documents and should be independently verified. This is not financial or legal advice. Always review official FDD filings before making investment decisions.

Overview

Investment
$117,410 - $202,010
Franchise Fee
$59,500
Locations
18

Financial Requirements

Franchise Fee$59,500
Initial Investment Range$117,410 - $202,010
Royalty Rate6.00%
Brand Fund3.00%
Fixed Monthly Fees$1,192 - $1,192

6% royalty + up to 3% brand fund (currently none) + $691/mo software fees + $3,300/yr ($275/mo) call center fee + $2,500/yr Owens Corning membership

Franchise Stats

Franchise Locations18
Corporate Locations45
States Operating14
Franchising Since2021
FDD Year2024

Financial Performance

Item 19 Financial Performance

Average Gross Revenue
$4,331,202.25
Median Gross Revenue
$3,625,636.5
Top Quartile Revenue
$8,485,622
Bottom Quartile Revenue
$1,587,914

Data Based On: 4 franchised locations open and operating for the entire 2023 calendar year.

* Average gross revenue, median gross revenue, revenue top quartile (highest), and revenue bottom quartile (lowest) were calculated from the 2023 Gross Revenue of the four 'Franchise Locations' listed in Chart 2 on pages 4-5. The document explicitly states on page 6 that 'Franchised Locations' did not report sufficient data to present a profit and loss statement, thus all profit-related fields are set to null.

Extracted Item 19 Section

How BEST CHOICE ROOFING Compares to Other Specialized Construction Services Franchises

Key Insights

  • One of the lowest investment costs in Specialized Construction Services (ranked #2 of 11)
  • Top 10 largest franchise system in Specialized Construction Services
  • Lower than average SBA loan default rate in Specialized Construction Services
FranchiseInvestment RangeFranchise FeeRoyaltyLocations
BEST CHOICE ROOFING
Current
$117K - $202K$60K6.0%18
PAUL DAVIS RESTORATION INC FRANCHISE AGREEMENT$299K - $805K$130K4.0%266
Temporary Walls Systems$154K - $366K$60K8.0%261
1-800-STRIPER$250K - $322K$50K7.0%128
JET-BLACK$118K - $174K$48K8.0%114
GOLIATHTECH$100K - $244K$50K0.0%107
Specialized Construction Services Average
11 franchises
$164K - $316K$60K6.4%-

* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 11 Specialized Construction Services franchises by location count.

Locations & Growth

Outlet Growth Over Time

Total outlets at end of each year

Geographic Distribution (2023)

Outlets by state across the United States

Top States by Outlet Count
1TX
7
2CA
1
3CO
1
4DE
1
5GA
1
6LA
1
7MI
1
8OR
1
9PA
1
10TN
1
11UT
1
12AR
1
13IN
0

SBA Loan History

Historical SBA 7(a) loan data for BEST CHOICE ROOFING franchisees (2023 - 2025)

Total Loans
15
Average Loan Amount
$181,247
Total Loan Volume
$2,718,700
Default Rate
0.0%

Loans by Year

* Data sourced from SBA 7(a) FOIA loan records. Default rate calculated from charged-off loans.

Franchisee Contacts

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Due Diligence

Litigation (Item 3)

Franchisee Litigation Cases3

Primarily franchisor actions against former franchisees for breach of contract, trademark infringement, unfair competition, and violations of restrictive covenants and settlement agreements.

Bankruptcy (Item 4)

Bankruptcy HistoryYes

Chief Financial Officer Andrea Morris and Ronald Eugene Morris filed Chapter 13 on June 6, 2018 (discharged October 28, 2022).

System Health (Item 20)

Franchise system changes reported in the most recent fiscal year

Terminations
2
Non-Renewals
0
Reacquired by Franchisor
0
Ceased Operations (Other)
0
System Transfers
0
Sold to Franchisees
0
Projected New Franchises
14

Frequently Asked Questions

How much does it cost to open a BEST CHOICE ROOFING franchise?

The total initial investment to open a BEST CHOICE ROOFING franchise ranges from $117,410 to $202,010. This includes a franchise fee of $59,500. Ongoing royalty fees are 6.0% of gross sales.

How much revenue does a BEST CHOICE ROOFING franchise make?

According to the 2024 FDD, the average gross revenue for a BEST CHOICE ROOFING franchise is $4,331,202.25. The median revenue is $3,625,636.5.

How many BEST CHOICE ROOFING franchise locations are there?

As of the 2024 FDD, BEST CHOICE ROOFING has 18 franchise locations. The company has been franchising since 2021.

Can you get an SBA loan for a BEST CHOICE ROOFING franchise?

Yes, SBA loans are available for BEST CHOICE ROOFING franchises. Historical data shows 15 SBA 7(a) loans have been approved for BEST CHOICE ROOFING franchisees, with an average loan amount of $181,247. The historical default rate is 0.0%.

Is BEST CHOICE ROOFING a good franchise to buy?

BEST CHOICE ROOFING shows several positive indicators: transparent financial performance data (Item 19), low SBA loan default rate. However, franchise success depends on many factors including location, local market conditions, and owner involvement. We recommend speaking with existing franchisees and consulting with a franchise attorney before making a decision.

Interested in BEST CHOICE ROOFING?

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