Sam The Concrete Man Franchise
Audited FinancialsRisk Score
Pending analysis
Investment Range
$92,750 - $150,865
Franchise Fee
$40,500
Total US Locations
88
Business Summary
Sam the Concrete Man businesses specialize in providing concrete repairs and improvements for existing homes, including driveways, walkways, maintenance, and sealers. They can also replace these areas with improved installations. In some situations, Sam the Concrete Man businesses extend these services to commercial properties. The services are delivered in a mobile setup within a specific geographic area, often operating from a home office, with owner-operators or employee technicians performing the work.
Corporate History
SAMCO, LLC, operating as Sam the Concrete Man, was legally formed as a Colorado limited liability company in May 2013. However, the company has operated businesses similar to the franchise concept since 2007. In September 2013, Sam the Concrete Man began offering its franchise opportunities. In October 2024, an affiliate of Eagle Merchant Partners (EMP), a private equity investment firm, acquired control of SAMCO, LLC through intermediate holding companies, though SAMCO, LLC remains the franchisor and continues to provide support to franchisees.
Financial Overview
Investment Range
$92,750 - $150,865
Franchise Fee (Low)
$40,500
Franchise Fee (High)
$67,000
Royalty %
6%
Marketing %
2%
Equipment Costs (Low)
$2,500
Equipment Costs (High)
$12,000
Working Capital
$26,000
Audited Financials
Yes
Offers Financing
Yes
Audit Opinion
Unqualified opinion
Financial Health Notes
Sam the Concrete Man's financial condition includes a net loss of $1,204,100 in 2024, a significant change from profits in previous years. The franchise's financial statements also show a large increase in goodwill and intangible assets in 2024, which is linked to its acquisition by Eagle Merchant Partners. A special risk disclosed in the FDD states that the franchisor's financial condition calls into question its ability to provide services and support to franchisees.
Financing Details
Sam the Concrete Man may offer short-term financing for a portion of the initial franchise fee to qualified prospective franchisees. This typically requires a down payment of $15,000 to $20,000, with the remaining balance due within 90 days from the promissory note date. If the note is paid on time, no interest is charged; otherwise, the maximum legal interest rate and late fees will apply. The franchisor also refers franchisees to third-party lenders, including the Small Business Administration, but does not guarantee any obligations to these third parties.
Performance Metrics
Total US Locations
88
Franchised Units
86
Corporate Units
2
Franchising Since
2013
Legal & Compliance Analysis
Recent Litigation
No
Bankruptcy
No
Litigation Summary
Sam the Concrete Man has no litigation cases that are required to be disclosed in Item 3 of its Franchise Disclosure Document. This means the franchise has no reportable legal history in recent years.
Bankruptcy History
Sam the Concrete Man has no bankruptcy history to report for the franchisor or its key personnel.
Agreement Terms
Initial Term
10 years
Renewal Term
10 years
Renewal Conditions
To renew their franchise agreement, Sam the Concrete Man franchisees must be in good standing, pay all amounts due to the franchisor and its affiliates, and provide timely written notice of their intent to renew. They must also maintain possession of, or replace, their vehicle to conform to current system standards, sign the franchisor's then-current franchise agreement (which may include materially different terms such as higher royalty and advertising fees), and pay a successor franchise fee of $6,000. Additionally, franchisees may be required to sign a general release of claims if allowed by state law.
Training & Support Program
Franchisor Assistance
Before opening, Sam the Concrete Man provides assistance in designating the franchisee's territory, outlining mandatory and discretionary business specifications, identifying approved operating assets, establishing minimum operational standards, and providing a copy of the Confidential Operations Manual. The franchisor also conducts an initial training program in Denver, Colorado, for one person at no charge. Ongoing assistance includes telephone and email consultations on operations, sales, and customer relations, as well as guidance based on reports and inspections. Sam the Concrete Man continues to provide the Confidential Operations Manual, modifies system standards, and licenses the use of its proprietary information and marks. The franchisor maintains system websites for marketing, operates a call center, and hosts annual conferences. Bookkeeping services are also provided, including data gathering, QuickBooks entry, and monthly profit and loss statement reviews. Optionally, the franchisor may conduct periodic site visits and administer the Brand Management Fund.
Initial Training Hours
53
Training Location
Denver, Colorado
Ongoing Support
After opening, Sam the Concrete Man provides ongoing support through telephone, email, and other methods for continued operation and management, advising on services, sales techniques, product supply, and customer relations. The franchisor offers guidance based on franchisee reports and inspections, and through the Confidential Operations Manual, electronic media, and conferences. They continually update system standards and provide access to proprietary information and marks. Sam the Concrete Man maintains system websites for marketing, operates a call center, and may hold annual conferences. Bookkeeping services are also provided, including data gathering, QuickBooks entry, and monthly profit and loss statement reviews. Additionally, the franchisor may conduct periodic site visits to assist with 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
Full-Time
Territory Type
Non-Exclusive
Territory Size Requirements
Sam the Concrete Man territories are defined by zip codes, using U.S. Census reports and other population data. Each territory typically contains approximately 125,000 to 150,000 single family dwellings. While the franchisor aims to grant only one license for any area, franchisees do not receive an exclusive territory and may face competition from other Sam the Concrete Man franchisees, company-owned outlets, or other distribution channels controlled by the franchisor.
Staffing Notes
Sam the Concrete Man businesses typically rely on owner-operators or employee technicians for service delivery. Franchisees, or their managing owners (if an entity), are required to work full-time supervising day-to-day operations. If a designated manager is appointed, that individual must successfully complete the initial training program. All employees, independent contractors, agents, or representatives who might access the franchisor's confidential information must sign a Confidentiality Agreement. The franchisor does not have the authority to hire or fire franchisee employees, emphasizing the independent contractor relationship. If a designated manager's employment terminates, the franchisee or managing owner must manage the business full-time until a new manager is hired and trained to the franchisor's satisfaction.