Ideal Siding Franchise
Audited FinancialsRisk Score
Pending analysis
Investment Range
$73,500 - $111,800
Franchise Fee
$55,000
Min Cash Required
$20,000
Total US Locations
44
Business Summary
Ideal Siding Franchising (USA) Inc. offers franchises to operate a business that provides professional home siding services to homeowner clients. Franchisees use the Ideal Siding business system and its distinctive operating procedures, offering services under the Ideal Siding brand from a single location within a protected territory. The system includes a lead management center that handles incoming client leads and appointment booking, with franchisees coordinating and providing the siding services. Franchisees are responsible for invoicing and collecting payments for the services they provide.
Corporate History
Ideal Siding Franchising (USA) Inc. was formed as a corporation in Delaware in March 2021. It conducts business under the name "Ideal Siding" and its associated design. The company does not own or operate any of the type of businesses it franchises. It began offering franchises in the United States on March 3, 2022. Its parent company is Ideal Siding Franchising, Inc., a Canadian company, which has been offering Ideal Siding franchises in Canada since June 2019 and had 23 Canadian franchisees as of its last fiscal year-end.
Financial Overview
Investment Range
$73,500 - $111,800
Franchise Fee (Low)
$55,000
Franchise Fee (High)
$55,000
Minimum Cash Required
$20,000
Royalty %
8%
Marketing %
1%
Equipment Costs (Low)
$500
Equipment Costs (High)
$14,300
Working Capital
$9,000
Audited Financials
Yes
Offers Financing
Yes
Audit Opinion
Unqualified opinion
Financial Health Notes
Ideal Siding Franchising (USA) Inc. shows improved financial health, moving from net losses in 2022 ($94,581) and 2023 ($37,047) to a significant net income of $328,239 in 2024. The company's total assets exceed its liabilities, with current assets also covering current liabilities. However, Ideal Siding Franchising (USA) Inc. continues to rely on shareholder advances, with $426,025 due to shareholders as of December 31, 2024. The auditors issued an unqualified opinion, indicating the financial statements fairly represent the company's financial position, and no substantial doubt about its ability to continue as a going concern was noted.
Financing Details
Ideal Siding Franchising (USA) Inc. offers limited financing to existing franchisees who are in good standing. This financing is specifically for the initial franchise fee of up to $55,000 for a franchisee's second and subsequent territories. The financing has a 0% interest rate and a one-year term, requiring the franchisee to sign a Promissory Note. No other direct or indirect financing is provided by Ideal Siding Franchising (USA) Inc. Defaulting on the Promissory Note can lead to the immediate payment of the full balance and potential termination of the franchise agreement.
Performance Metrics
Total US Locations
44
Franchised Units
44
Corporate Units
0
Franchising Since
2022
Legal & Compliance Analysis
Recent Litigation
Yes
Bankruptcy
No
Litigation Count
1
Litigation Summary
Ideal Siding Franchising (USA) Inc. had one reported litigation case. On October 11, 2022, the company voluntarily entered into a Consent Order with the Washington Department of Financial Institutions Securities Division. This was to resolve claims that Ideal Siding Franchising (USA) Inc. violated the Franchise Investment Protection Act of Washington law by offering to sell an unregistered franchise to Washington residents via its company website. Under the Consent Order, the company agreed to comply with the law and paid a penalty of $3,000, without admitting or denying the findings.
Bankruptcy History
Ideal Siding Franchising (USA) Inc. has no bankruptcy history to report.
Agreement Terms
Initial Term
5 years
Renewal Term
10 years
Renewal Conditions
To renew their Ideal Siding franchise agreement, franchisees must be in full compliance with the agreement, not be in default of any licensing provisions, timely execute the then-current Ideal Siding Franchise Agreement (which may have materially different terms), pay a Successor Agreement Fee, and sign a general release. The renewal term is an additional ten years.
Training & Support Program
Franchisor Assistance
Ideal Siding Franchising (USA) Inc. offers comprehensive support starting before the business opens. This includes providing site selection guidelines, access to the Ideal Siding Operations Manual, and a list of required equipment and supplies. Franchisees must complete an initial training program of 71 hours, including both classroom and remote sessions, at the corporate office in Vancouver, British Columbia. After opening, Ideal Siding Franchising (USA) Inc. provides ongoing assistance through mandatory or optional additional training programs, annual business meetings or conferences (up to five days each year). Individualized support is available upon request via telephone, video conference, electronic mail, or postal service. The franchisor also supplies samples or digital artwork for advertising, provides written specifications and updated lists of approved suppliers for equipment, products, and services, and offers continuous advice and guidance on all aspects of the Ideal Siding system and business operations.
Initial Training Hours
71
Training Location
Vancouver, British Columbia
Ongoing Support
After opening, Ideal Siding Franchising (USA) Inc. provides ongoing support through mandatory or optional additional training programs, including an annual business meeting or conference which can last up to five days each year at a designated location. Franchisees can also request individualized assistance via telephone, video conference, electronic mail, or postal service. The franchisor periodically supplies samples or digital artwork for advertising, provides written specifications and updated lists of approved suppliers for equipment, products, and services, and offers continuous advice and guidance on all aspects of the Ideal Siding system and business operations.
Franchise Requirements
Industry Experience Required
No
Management Experience Required
No
Sales Experience Required
No
Technical Skills Required
No
Operational Details
Location Type
Hybrid
Owner Participation
Hands-On
Territory Type
Protected
Territory Size Requirements
Ideal Siding Franchising (USA) Inc. defines its territories based on a minimum population of 200,000 people. These territories are outlined by geographic radius, zip codes, or other clearly identifiable geographic boundaries.
Staffing Notes
Ideal Siding Franchising (USA) Inc. requires franchisees to staff their business with enough employees or third-party contractors to operate at maximum capacity. Franchisees are solely responsible for all employment decisions, including hiring, firing, training, and complying with wage laws. All employees and contractors must be qualified, trained, and licensed as required by Ideal Siding Franchising (USA) Inc. and applicable laws, and are expected to maintain a professional demeanor. The franchisor explicitly states it is not the employer or joint employer and does not control working conditions. Franchisees must conduct background checks on all prospective employees or contractors, especially those entering client residences, and should not hire individuals with a history indicating violence, dishonesty, or criminal convictions. A general manager, who may or may not be the franchisee, must be designated to oversee daily operations full-time and meet the franchisor's approval and training requirements.