Jet-Black Franchise
Audited FinancialsRisk Score
Pending analysis
Investment Range
$66,050 - $118,605
Franchise Fee
$30,000
Min Cash Required
$5,000
Total US Locations
125
Business Summary
Jet-Black® operates a Sealcoat Business offering asphalt services like repair and sealcoating of driveways, parking lots, and other asphalt, concrete, and brick paver surfaces, along with crackfilling, patchwork, oil spot treatment, power washing, grass edging, and commercial sweeping. Jet-Black® also offers a Striping Business under the Yellow Dawg Striping® brand, providing pavement marking services and parking lot line striping, including lot signage installation and decorative asphalt services. These services are provided to homes, town homes, commercial properties, and government properties.
Corporate History
Jet-Black International, Inc. was incorporated in Minnesota on June 16, 1992. The company began franchising Jet-Black® Sealcoat Businesses in April 1993. In September 2012, Jet-Black International, Inc. acquired a franchise system from Black Dawg Franchise Group LLC, which included the "Black Dawg Sealcoat®," "Yellow Dawg Striping®," and "Blue Dawg Power Wash®" marks. Jet-Black International, Inc. started offering franchises for Striping Businesses in December 2012. The company no longer offers Blue Dawg Power Wash® franchises.
Financial Overview
Investment Range
$66,050 - $118,605
Franchise Fee (Low)
$30,000
Franchise Fee (High)
$40,000
Minimum Cash Required
$5,000
Royalty %
8%
Equipment Costs (Low)
$30,500
Equipment Costs (High)
$71,205
Working Capital
$5,000
Audited Financials
Yes
Offers Financing
Yes
Audit Opinion
Unqualified opinion
Financial Health Notes
Jet-Black International, Inc. reported strong net income of $851,484 in 2023 and $898,872 in 2022. The company maintained positive working capital in both years. A significant subsequent event occurred in June 2024, when Jet-Black International, Inc. and a related entity, Jet-Black Properties, LLC, secured a $2,617,300 SBA loan to finance the redemption of 50% interest in each entity, increasing the company's long-term debt. A new line of credit up to $500,000 was also established.
Financing Details
Jet-Black International, Inc. does not offer direct or indirect financing to franchisees, except for a potential loan of up to $20,000 for start-up expenses, which can include the initial fee. This loan is offered to qualified applicants under a secured promissory note with a 9% annual interest rate, repayable in a maximum of 60 consecutive monthly installments. Jet-Black International, Inc. is listed on the national franchise SBA registry to help franchisees seek third-party financing.
Performance Metrics
Total US Locations
125
Franchised Units
119
Corporate Units
6
Franchising Since
1993
Legal & Compliance Analysis
Recent Litigation
No
Bankruptcy
No
Litigation Summary
Jet-Black International, Inc. has no litigation history to report as no litigation is required to be disclosed in Item 3 of its FDD.
Bankruptcy History
Jet-Black International, Inc. has no bankruptcy history to report as no bankruptcy is required to be disclosed in Item 4 of its FDD.
Agreement Terms
Initial Term
15 years
Renewal Conditions
To renew, Jet-Black International, Inc. franchisees must provide at least 180 days' written notice before their agreement expires. They must have consistently complied with all material terms and conditions of the Franchise Agreement and operating standards, satisfied all monetary obligations to Jet-Black International, Inc., and pay a renewal fee of $3,000 per franchised territory. Franchisees are also required to sign a general release of claims and agree to a new franchise agreement, which will be the then-current standard agreement and may contain different terms. Additionally, all vehicles, trailers, and other equipment used in the business must be replaced or updated to meet current brand standards.
Training & Support Program
Franchisor Assistance
Jet-Black International, Inc. provides extensive support to its franchisees both before and during operation. Before opening, Jet-Black International, Inc. helps define the franchise territory and offers a minimum of five days of classroom and on-the-job training at its Savage, Minnesota, offices, covering business procedures, sales, marketing, product knowledge, and equipment operation. It also supplies a list of approved products and suppliers, access to the confidential Standard Operating Manual (via the STARS System), technical specifications for required vehicles and equipment, and initial marketing and grand opening materials. During operations, Jet-Black International, Inc. offers ongoing business reviews, marketing and advertising recommendations (including mandatory participation in certain programs like Google Ads and direct mail), legal protection for its trademarks, and maintains a corporate website. Franchisees also receive consulting services on various business aspects and updates to operational manuals and equipment standards. Jet-Black International, Inc. also provides its proprietary STARS System for sales tracking and customer data management.
Initial Training Hours
44
Training Location
Savage, MN
Ongoing Support
After opening, Jet-Black International, Inc. provides ongoing support by periodically reviewing franchisee businesses and offering written reports. It makes advertising and marketing recommendations, supplying franchisees with advertising materials, and reviewing any franchisee-proposed advertising. Jet-Black International, Inc. legally protects its trademarks and maintains a corporate website (the "Jet-Black® Home Page") for system-wide promotion. Franchisees can request consulting services on marketing, operations, accounting, and personnel matters, which are currently free but may incur a charge in the future. The company also furnishes supplements and modifications to the Standard Operating Manual and updates lists of approved suppliers and equipment standards. Franchisees must participate in required marketing programs, including Google Ads, direct mail, and ValPak promotions, with a minimum annual spending of $10,000.
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
Absentee Allowed
Territory Type
Exclusive
Staff Count
3
Territory Size Requirements
Each Jet-Black International, Inc. Sealcoat Business territory consists of a contiguous geographic area with a minimum of 20,000 single-family residences having household incomes of at least $100,000 per year ("Qualified Residences"). For a Striping Business, each territory must contain a minimum of 60,000 Qualified Residences. Jet-Black International, Inc. defines these territories using zip code blocks and commercially available demographic data software.
Staffing Notes
Jet-Black International, Inc. franchisees must always have a General Manager on duty to supervise employees and business operations. The initial General Manager must successfully complete Jet-Black International, Inc.'s training program, and any replacement General Manager must complete required training within 60 days of hire. Franchisees are also required to have enough adequately trained staff to ensure efficient customer service according to Jet-Black International, Inc.'s standards. A full-time business is defined as having at least one full-time crew and one full-time sales person/office manager.