Risk Score
Pending analysis
Investment Range
$3,200 - $650,426
Total US Locations
54
Business Summary
Ram Jack Foundation Solutions offers franchises for foundation repair and support dealerships. These businesses utilize patented hydraulically driven steel piering systems, along with other services such as waterproofing, to address foundation issues for both residential and commercial structures. Ram Jack Foundation Solutions offers two types of dealerships: one with a protected territory and another with a more streamlined agreement and no protected territory. Ram Jack Foundation Solutions does not require prior experience in the foundation industry to become a franchisee.
Corporate History
Ram Jack Systems Distribution, LLC was formed as a Texas limited liability company on June 4, 1999, operating under the names Ram Jack and Ram Jack Foundation Solutions. The core concept for Ram Jack was initially developed by its founder, Stephen Gregory, and an affiliate company, Gregory Enterprises, Inc. (GEI), which was incorporated in 1975 and later renamed in 1984. Ram Jack Manufacturing, LLC, another affiliate, was established in 2000 and is responsible for manufacturing the patented products used in the Ram Jack system. Ram Jack Systems Distribution, LLC began establishing foundation repair dealerships in 1999, initially offering short-term dealership licenses until July 2008. The company also briefly offered franchises for seawall repair and stabilization under the name Ram Jack Seawall Solutions from 2008 to 2009, but this offering was discontinued. Currently, Ram Jack Systems Distribution, LLC's sole business focus is operating and expanding its network of Ram Jack dealerships, which offer foundation repair and support services.
Financial Overview
Investment Range
$3,200 - $650,426
Franchise Fee (High)
$30,000
Equipment Costs (High)
$208,826
Working Capital
$75,000
Audited Financials
Yes
Offers Financing
No
Audit Opinion
Unqualified opinion
Financial Health Notes
Ram Jack Systems Distribution, LLC demonstrates a healthy financial position. The independent auditor has issued an unqualified opinion on its financial statements for 2023 and 2022, indicating that the financials are presented fairly in all material respects. The auditor did not raise any concerns about Ram Jack Systems Distribution, LLC's ability to continue as a going concern. Ram Jack Systems Distribution, LLC reported increasing net income, with $966,499 in 2023 and $652,062 in 2022. The company also maintains strong cash holdings, with approximately $1,463,000 and $561,000 in excess of FDIC-insured limits at the end of 2023 and 2022, respectively. Members' Equity increased significantly from $3,790,818 in 2022 to $4,757,317 in 2023, reflecting positive financial growth. The company generated positive net cash from operating activities of $1,060,005 in 2023 and $37,958 in 2022.
Financing Details
Ram Jack Systems Distribution, LLC does not directly or indirectly offer any financing arrangements to its franchisees, nor does it guarantee any franchisee notes, leases, or other obligations. Franchisees are responsible for arranging their own financing through external lenders. When purchasing Ram Jack Products from Ram Jack Systems Distribution, LLC, franchisees must pay the invoiced amount in full at the time the order is shipped; products will not be shipped until payment has been received.
Performance Metrics
Total US Locations
54
Franchised Units
52
Corporate Units
2
Franchising Since
1999
Legal & Compliance Analysis
Recent Litigation
No
Bankruptcy
No
Litigation Count
1
Litigation Summary
Ram Jack Systems Distribution, LLC had one litigation case that has since been resolved. On September 26, 2018, Ram Jack Systems Distribution, LLC filed a lawsuit against a terminated franchisee, Gibbs Company, Inc., and its principal, Randy Gibbs. The lawsuit, filed in Oklahoma, alleged failure to pay for materials and tools, violations of the franchise agreement for operating a competing business, withholding customer lists, and diverting Ram Jack customers. Ram Jack Systems Distribution, LLC sought over $162,866.80 in damages, an injunction to prevent further competitive operation and customer diversion, and the return of customer lists, along with attorney's fees. The defendants denied the claims and filed counterclaims for setoff. The parties reached a settlement on August 23, 2019, resulting in the defendants paying Ram Jack Systems Distribution, LLC $65,000 and returning certain inventory and equipment. Mutual releases were exchanged, and the lawsuit was dismissed with prejudice on September 3, 2019. Ram Jack Systems Distribution, LLC has no other litigation required to be disclosed.
Bankruptcy History
Ram Jack Systems Distribution, LLC has no bankruptcy history to disclose in Item 4 of its FDD.
Agreement Terms
Initial Term
5 years
Renewal Term
5 years
Renewal Conditions
To renew their protected territory franchise agreement, Ram Jack Foundation Solutions franchisees must meet several conditions. They must be in good standing and not in default, nor have been repeatedly in default, under their current agreement. Franchisees must also notify Ram Jack Systems Distribution, LLC in writing at least six months before the current term expires, sign the then-current franchise agreement (which may include materially different terms and fees), pay any applicable renewal fee, have fully performed all obligations during the previous term, satisfy any required equipment upgrades, and sign a general release of all claims against Ram Jack Systems Distribution, LLC and its affiliates.
Training & Support Program
Franchisor Assistance
Before a protected territory dealership opens, Ram Jack Systems Distribution, LLC provides pre-operation information, materials, and training to help with startup and initial marketing techniques. This includes training on required technologies like proprietary internet cloud applications (e.g., Ram Jack design aid, Microsoft Exchange email system), a list of approved suppliers, and assistance in developing a business plan and operating budget. Initial training, lasting three to five days, is provided to the franchisee, a designated manager, and a crew supervisor, covering business, sales, operations, basic technical training, and installation of the Ram Jack system. Ram Jack Systems Distribution, LLC also grants a non-exclusive license for its patented piering systems, sells proprietary products, provides an operations manual, and includes basic dealership information on its website. During operation, Ram Jack Systems Distribution, LLC offers ongoing support, including annual refresher training at Ram Jack University, periodic updates to the operations manual, and advice and guidance via email and telephone on business operations, marketing, engineering, and foundation issues, as staff and time permit. For a fee, administrative and call center services are available, including a dedicated telephone number and optional outbound calls/lead generation. Ram Jack Systems Distribution, LLC advises on approved vendors, conducts general marketing for the Ram Jack brand, offers guidance on general operations, management, inventory, and bookkeeping, and periodically offers new patented and proprietary products. Optional training for advanced techniques and specialty services is also available. For unprotected territory dealerships, ongoing support includes the ability to purchase Ram Jack Products, access to the operations manual, and annual refresher training at Ram Jack University.
Initial Training Hours
40
Training Location
Corporate Office, Ada, OK
Ongoing Support
Ram Jack Systems Distribution, LLC provides various ongoing support services to its franchisees. These include mandatory annual refresher training sessions at Ram Jack University for franchisees and their key personnel to maintain skill levels and service quality. Franchisees also receive periodic updates, changes, additions, and deletions to the operations manual. Ram Jack Systems Distribution, LLC offers advice and guidance by email and telephone on business operations, marketing, engineering, and foundation issues, including the interpretation and implementation of manual policies. For a fee, Ram Jack Systems Distribution, LLC makes administrative and call center services available, which can include a dedicated telephone number for inbound calls and optional additional services for outbound calls and lead generation follow-up. The franchisor periodically advises on approved vendors, conducts general marketing for Ram Jack dealerships and the franchise system, and provides guidance on general operations, management, inventory, and bookkeeping. Franchisees are also offered new patented and proprietary products as they are developed and optional training for advanced techniques and specialty services.
Franchise Requirements
Ideal Candidate Profile
Ram Jack Foundation Solutions seeks individuals who possess the desire to operate a Ram Jack Dealership, along with common sense and general business skills. While prior foundation or construction experience can be helpful, it is not a prerequisite to purchasing a Ram Jack Dealership, nor is it necessary for candidates to currently own and operate an existing foundation or construction business. The unprotected territory franchise opportunity is particularly targeted towards entrepreneurs who already have an established, complementary business and own basic construction equipment and tools.
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
exclusive
Territory Size Requirements
Ram Jack Foundation Solutions defines its protected territories using delineated geographic boundaries and/or zip codes. The specific size of a territory varies, determined by factors such as the number of households, overall territory size, local market conditions, demographics, and local competition. For a $30,000 initial franchise fee, a protected territory includes between 150,000 to 750,000 target households, which must meet Ram Jack Foundation Solutions' current demographic criteria within the specified geographic limits. Ram Jack Foundation Solutions utilizes U.S. Census Bureau data to help determine the annual Minimum Purchase Requirements (MPR) for franchisees, which are based on the number of housing units and demographics within a territory.
Staffing Notes
For a Ram Jack Foundation Solutions dealership with a protected territory, the franchisee, or a designated controlling person, must directly supervise the business, though a manager can oversee daily operations. Ram Jack requires the owner/controlling person, a designated manager, and at least one crew supervisor to attend initial training. All management, sales, and production supervisors are required to attend annual refresher training at Ram Jack University. Furthermore, the Ram Jack Foundation Solutions dealership must employ at least one full-time salesperson dedicated to marketing and designate an employee (which could be the controlling person) to manage sales leads and responsibilities. All employees with access to confidential information related to the Ram Jack System must sign confidentiality agreements. For unprotected territory dealerships, the staffing requirements are less explicitly detailed, primarily focusing on the franchisee's own training and ability to manage production and sales.