Risk Score
Pending analysis
Investment Range
$87,900 - $170,100
Franchise Fee
$53,550
Total US Locations
1
Business Summary
Hole in the Wall operates a service business specializing in drywall repair and replacement. Franchisees provide these services to customers, operating the business under the Hole in the Wall brand.
Corporate History
Hole in the Wall Franchising, LLC was formed as a Florida Limited Liability Company on August 16, 2022. Its affiliate, Hole in the Wall Enterprises, LLC, has been operating a Hole in the Wall business in Orlando, Florida since March 2014. Hole in the Wall Franchising, LLC began offering franchises in 2022.
Financial Overview
Investment Range
$87,900 - $170,100
Franchise Fee (Low)
$53,550
Franchise Fee (High)
$59,500
Royalty %
6%
Marketing %
2%
Equipment Costs (Low)
$10,400
Equipment Costs (High)
$55,200
Working Capital
$19,500
Audited Financials
No
Offers Financing
No
Financial Health Notes
Hole in the Wall Franchising, LLC is at an early stage of development and has a limited operating history. The franchise's financial statements are unaudited and show a cash balance of $1,000 as of December 31, 2023, with a corresponding $1,000 due to affiliates. Prospective franchisees should be aware that this franchise is likely to be a riskier investment than a franchise in a system with a longer operating history.
Financing Details
Hole in the Wall Franchising, LLC does not offer direct or indirect financing to franchisees, nor does it guarantee any franchisee notes, leases, or obligations.
Performance Metrics
Total US Locations
1
Franchised Units
0
Corporate Units
1
Franchising Since
2022
Legal & Compliance Analysis
Recent Litigation
No
Bankruptcy
No
Litigation Summary
Hole in the Wall Franchising, LLC has no litigation, lawsuits, or legal disputes to report.
Bankruptcy History
Hole in the Wall Franchising, LLC has no bankruptcy history to report.
Agreement Terms
Initial Term
10 years
Renewal Conditions
To renew, Hole in the Wall franchisees must notify the franchisor between 90 and 180 days before the agreement ends. Franchisees and their affiliates must be in full compliance with all agreements at the time of election and renewal. They must also agree to make any changes to the business required to meet current system standards. Franchisees and their owners will need to sign the franchisor's then-current standard franchise agreement and related documents, which may have materially different terms and fees (though no new initial franchise fee, and the territory will not change). Finally, the franchisee and each owner must sign a general release of claims against the franchisor.
Training & Support Program
Franchisor Assistance
Before opening, Hole in the Wall provides advice on planning and executing a market introduction plan, offers suggested staffing levels and hiring guidelines, and gives access to its brand standards. The franchisor also provides lists of specifications and approved suppliers for necessary equipment, signs, fixtures, initial inventory, and supplies. Initial training is provided to the Principal Executive and one other team member. A representative will also provide up to one week of on-site support during the business opening. After opening, Hole in the Wall provides advice (by phone or electronic communication) upon request regarding business improvement, development, and resolving operating problems. It offers recommended prices for products and services, and recommended procedures for administration, bookkeeping, accounting, and inventory control. The franchisor administers the Marketing Fund and maintains a brand website that includes franchisee business information.
Initial Training Hours
60
Training Location
Franchisor's location in Orlando, FL or franchisee's location
Ongoing Support
After opening, Hole in the Wall provides advice to franchisees (by telephone or electronic communication) upon request, regarding improving and developing their business and resolving operating problems, to the extent the franchisor deems reasonable. If in-person support is requested, the franchisor may charge a daily fee plus expenses. The franchisor also provides recommended prices for products and services, and recommended administrative, bookkeeping, accounting, and inventory control procedures. Hole in the Wall administers the Marketing Fund and maintains a brand website that includes franchisee business information and telephone numbers. Franchisees are also required to attend all in-person and remote meetings, including regional or national brand conferences.
Franchise Requirements
Industry Experience Required
No
Management Experience Required
No
Sales Experience Required
No
Technical Skills Required
No
Operational Details
Location Type
Home-Based
Owner Participation
Absentee Allowed
Territory Type
exclusive
Territory Size Requirements
Hole in the Wall territories are defined by specific zip codes, county or city lines, or other limits, and are designed to encompass a population of approximately 250,000 people within a Metropolitan Statistical Area (MSA).