SAM THE CONCRETE MAN

System health shows robust expansion from 86 locations in 2024 to 111 in 2025—a 29% jump—alongside 46 projected new units and just 4 transfers, signaling strong franchisee interest since 2013. However, 17 terminations flag potential churn in this owner-operator model, where franchisees handle repairs and sealers for residential driveways via a home-based setup in exclusive territories. Item 7 of the FDD outlines initial investments from $93,070 to $151,185, including a hefty $67,000 franchise fee, with ongoing fees hitting 6% royalties plus 2% brand fund, a seasonal $1,474/month call center charge (March-November), and $200/month bookkeeping—pushing total liquid capital needs higher than bare minimums suggest.

No Item 19 means no disclosed average revenues or profits, a red flag forcing reliance on external SBA data: 92 loans averaging $143,859 with a 6.5% default rate, better than many service brands but hinting at financing strains for truck-and-technician operations. For hands-on entrepreneurs eyeing home services, the +29% growth trajectory under Eagle Merchant Partners is promising, but undisclosed earnings and extra fees could erode margins in a weather-dependent, labor-intensive field—approach with eyes wide open on profitability unknowns.