TubToday logo

TubToday Franchise

Audited Financials
Home ServicesEst. 2020St. Charles, IL
www.TubToday.com

Risk Score

Pending analysis

Investment Range

$67,825 - $114,565

Franchise Fee

$31,500

Total US Locations

2

Business Summary

TubToday® operates a bathroom remodeling, sales, installation, and service business focused on residential properties. TubToday® aims to provide one-stop, affordable, quick, and hassle-free solutions for customers looking to make their bathrooms accessible-friendly for the disabled or elderly, or to replace or refurbish their bathrooms. Services include on-site consultation and design, proprietary one-day custom bathroom remodeling, and installation of various pre-fabricated bathtub and shower units, accessibility walk-in tubs, stairlift units, and other accessibility products.

Corporate History

CCB Enterprises, LLC, operating as TubToday®, was formed as an Illinois limited liability company on December 9, 2020. TubToday is new to franchising, with this being the first time the company has offered franchises. Its affiliate, Fox Valley Side Jobs, Inc., which was formed on June 25, 2009, operates two businesses similar to the TubToday franchise in St. Charles, Illinois, and Waukesha, Wisconsin.

Financial Overview

Investment Range

$67,825 - $114,565

Franchise Fee (Low)

$31,500

Franchise Fee (High)

$35,000

Royalty %

6%

Marketing %

1%

Equipment Costs (Low)

$2,400

Equipment Costs (High)

$5,000

Working Capital

$12,500

Audited Financials

Yes

Offers Financing

No

Audit Opinion

Unqualified opinion

Financial Health Notes

TubToday has a brief operating history, having been formed in December 2020. The company reported net losses of $3,250 in 2022 and $7,374 in 2023. In 2023, TubToday acquired a commercial building for $404,768 and secured a 25-year mortgage note payable of $335,700. The company also generates rental income by leasing office space to its affiliate. Despite the losses, the independent auditors have issued an unqualified opinion, indicating that TubToday's financial statements present its financial position fairly, without raising concerns about its ability to continue as a going concern.

Financing Details

TubToday does not currently offer any direct or indirect financing arrangements to franchisees. The franchisor also does not guarantee any franchisee's notes, leases, or other obligations. While TubToday may assist franchisees in the future by referring them to third-party lenders, it does not guarantee that franchisees will qualify for or obtain such financing.

Performance Metrics

Total US Locations

2

Franchised Units

0

Corporate Units

2

Avg Square Footage

500

Franchising Since

2024

Agreement Terms

Initial Term

10 years

Renewal Term

5 years

Renewal Conditions

To renew their agreement for an additional five-year term, TubToday franchisees must provide written notice between six and twelve months before the current term ends. They must be in full compliance with the franchise agreement, not in default, and have satisfied all monetary obligations. Franchisees are required to meet TubToday's then-current qualifications and training requirements, sign a new franchise agreement, and execute a general release of claims. Additionally, they must upgrade and refurbish their business premises (if applicable) and vehicles to meet current brand standards.

Training & Support Program

Franchisor Assistance

Before opening, TubToday assists franchisees with written guidelines for site selection, approving their chosen location and lease, and providing guidance for obtaining necessary licenses and permits. They furnish mandatory specifications and architectural/design plans for the business premises (if applicable), vehicle appearance standards, and lists of approved equipment, products, supplies, and vendors. Franchisees also receive a self-study program, a two-week initial training program at corporate headquarters, and up to five days of on-site pre-opening or grand opening assistance. After opening, TubToday offers ongoing consultation and advice on operational matters, products, services, and programs through a dedicated telephone line, emails, and an intranet system. Franchisees receive updated lists of approved items and suggested pricing. The franchisor also develops creative marketing materials, administers a System Brand Fund for technology and national advertising, and may provide additional on-site supervision or continuing education meetings (often with associated costs for the franchisee).

Initial Training Hours

132

Training Location

Corporate headquarters in St. Charles, Illinois

Ongoing Support

After opening, TubToday provides ongoing consultation and advice to its franchisees on products, services, programs, and operational matters. This includes offering a dedicated phone line for franchisees to troubleshoot jobs and answer questions during regular business hours (Central Time Zone). Franchisees receive updated lists of approved equipment, products, supplies, and services, as well as updated vehicle appearance standards. TubToday also provides suggested pricing for products and rates for services, and continuously researches and develops new offerings for the system. Assistance is available for establishing administrative, record-keeping, and accounting procedures. The franchisor provides update and upgrade requirements for technology items and related software programs. Additionally, TubToday administers a System Brand Fund for ongoing technology development, new equipment and product development, and national advertising. Ongoing training is delivered through announcements, newsletters, telephone, webinars, or video, and in rare instances, required additional or refresher training programs at corporate headquarters may incur a fee, plus the franchisee's travel expenses.

Franchise Requirements

Ideal Candidate Profile

TubToday seeks franchisees who possess strong personal business, marketing, and management skills, along with good judgment. Ideal candidates demonstrate a willingness and commitment to work diligently in their business and adhere to the TubToday System. Franchisees (or their managing partners) must also obtain any required state and/or county licenses or certifications, such as a general contractor's, plumber's, or home improvement license, prior to signing the franchise agreement.

Industry Experience Required

Yes

Management Experience Required

No

Sales Experience Required

No

Technical Skills Required

Yes

Operational Details

Location Type

Hybrid

Owner Participation

Supervisory

Territory Type

Protected

Staff Count

3

Territory Size Requirements

TubToday defines its protected territories based on population, ranging from 750,000 to 1,250,000 persons. The exact size may be adjusted for more densely or sparsely populated areas. Territories are determined using the most recently published data from the U.S. Census Bureau for specific zip codes listed in the franchise agreement.

Staffing Notes

TubToday franchisees are required to have an Operations Manager and a minimum of one full-time salesperson on staff for the entire term of the franchise agreement. The Operations Manager and salesperson roles can be filled by the franchisee or an owner, or by hired employees. The Operations Manager must devote full-time effort to supervising the business and must have successfully completed TubToday's training program, possessing any required state or county licenses. Franchisees are solely responsible for hiring, training, managing, and firing all employees and independent contractors, including conducting background checks for staff who visit job sites. Part-time technicians are also needed, and some franchisees may require administrative help.