JET-BLACK

Item 7 details a lean entry at $117,923-$173,773 total investment, including a $48,000 franchise fee for exclusive territories targeting affluent homes, commercial lots, and government contracts. Royalties tier unusually low at 1-8% of gross per job—starting high at 8% for small $0-$2,000 gigs—plus fixed $650 annual tech fee per territory and $15 monthly Google Ads management. Item 19 shines with average gross sales of $584,412 but a median of $401,426 across units, implying 25-30% of locations capture outsized volume from striping add-ons like Yellow Dawg, while others idle on seasonal asphalt services; no profit figures disclosed, but medians suggest 20-30% margins feasible post-fees for top performers.

System maturity stands at 114 franchise and 3 corporate locations, inching +4% from 45 to 47 units last year, with 8 projected openings signaling cautious optimism versus category peers expanding 10-15%. Terminations stayed minimal at 2, but 14 transfers indicate a liquid resale market—potentially easier exits than stagnant brands. Only 2 SBA loans recorded averaging $83,200 underscore low leverage needs, with no defaults flagged; for specialized construction, this low-fee, revenue-disclosing play suits hands-on operators chasing $400K+ medians over hyper-growth, though sluggish unit adds warrant scrutinizing local demand before paving ahead.