Risk Score
Pending analysis
Investment Range
$52,050 - $103,400
Franchise Fee
$24,000
Business Summary
Vizta Tint Holdings, Inc. offers franchises for businesses that provide residential and commercial window tinting products and installation services. Utilizing the VIZTA TINT business system, franchisees offer these services and related products to customers, primarily operating on-site at customer locations. The business is managed from an administrative office, which can be home-based, with plans to potentially lease a commercial facility as the business grows for back-end operations.
Corporate History
Vizta Tint Holdings, Inc. is a New Jersey corporation formed on March 21, 2024, and began offering franchises on April 1, 2024. The company's principal business is operating the Vizta Tint franchise system. Leiby "Leo" Goldberger, the CEO, and Curtis Swanson, the COO, are also founders and executives of several affiliated companies established in late 2023 or early 2024, including HBFG Holdings, Clozetivity Holdings, DVS Holdings (Dryer Vent Squad), and Zippy Garage Holdings. Mr. Goldberger and Mr. Swanson have extensive experience in franchising, having previously served as CEOs or COOs for other franchise systems like Frost Shades Franchising and Patch Boys Franchising since 2015-2020. This indicates a very new franchise system with leadership experienced in operating and selling other home-based service franchises.
Financial Overview
Investment Range
$52,050 - $103,400
Franchise Fee (Low)
$24,000
Franchise Fee (High)
$70,000
Royalty %
7%
Equipment Costs (Low)
$1,500
Equipment Costs (High)
$3,500
Working Capital
$7,500
Audited Financials
No
Offers Financing
Yes
Financial Health Notes
Vizta Tint Holdings, Inc. is at an early stage of development and has a limited operating history, which may make this a riskier investment than a franchise in a more established system. The franchisor's financial condition, as reflected in its financial statements, raises questions about its financial ability to provide services and support to its franchisees.
Financing Details
Vizta Tint Holdings, Inc. may offer direct financing for a portion of the initial franchise fee. For a single territory, franchisees may finance up to $14,000, and for a double territory, up to $28,000. The financing term is up to two years with a ten percent (10%) Annual Percentage Rate (APR). Monthly payments for principal and interest will be self-amortized over the two-year period. A minimum down payment of $21,000 is required for a single territory and $42,000 for a double territory. The loan is secured by a personal guaranty from the franchisee and a UCC-1 filing related to the assets of the franchised business. Defaulting on the loan can lead to personal liability, cross-default of the Franchise Agreement, and loss of franchise rights.
Performance Metrics
Total US Locations
0
Franchised Units
0
Corporate Units
0
Franchising Since
2024
Legal & Compliance Analysis
Recent Litigation
Yes
Bankruptcy
No
Litigation Count
18
Litigation Summary
Vizta Tint Holdings, Inc. and its executives, Leiby Goldberger and Curt Swanson, along with several affiliated companies (Clozetivity Franchising LLC, Frost Shades Franchising LLC, Dryer Vent Squad Franchising LLC, Home Based Franchise Group, LLC, and Patch Boys Franchising, LLC), have been involved in 18 litigation and administrative proceedings. Many of these cases were filed in 2022, 2023, and 2024, and several are related to a dispute with Thomas J. Scott, a former member and COO of some of the affiliated companies, and his relatives and business partners. The allegations in these cases include breach of duty, fraudulent inducement, conversion, defamation, computer fraud, and violations of franchise disclosure laws, including selling franchises without proper registration. Specific cases include: - Thomas Scott v. Leiby Goldberger and Curt Swanson (2022): Alleged breach of loyalty, care, and good faith, concealment of material information, defamation, and civil conspiracy. Dismissed without prejudice in December 2022. - Brand Journalists, LLC v. Leiby Goldberger and Curt Swanson (2022): Alleged computer fraud, unjust enrichment, conversion, and tortious interference. Dismissed without prejudice in December 2022. - Angie Scott v. Clozetivity Franchising LLC, Leiby Goldberger and Curt Swanson (2022): Alleged fraudulent inducement and concealment. Dismissed without prejudice in January 2023. - Kane Scott v. Frost Shades Franchising LLC, Leiby Goldberger and Curt Swanson (2022): Alleged fraudulent inducement and concealment. Amicably resolved and dismissed with prejudice in April 2023 with no money exchanged. - Gwendolyn Gilleland v. Leiby Goldberger and Curtis Swanson (2023): Alleged defamation, false light, abuse of process, and malicious prosecution against the individuals and affiliated companies. Voluntarily dismissed and settled for $80,000 in October 2023. - Aaron Cotton v. Dryer Vent Squad Franchising LLC, Leiby Goldberger and Curt Swanson (2022): Alleged fraudulent inducement and concealment. Amicably resolved and dismissed with prejudice in April 2023 with no money exchanged. - Will Farris v. Vizta Tint Franchising LLC, Leiby Goldberger and Curt Swanson (2022): Alleged fraudulent inducement and concealment. Amicably resolved and dismissed with prejudice in March 2023 with no money exchanged. - B&P Glass and Mirror LLC v. Clozetivity Franchising LLC, Leiby Goldberger and Curt Swanson (2022): Alleged fraudulent inducement and concealment. Voluntarily dismissed and settled for $10,000 in October 2023. - Bridwell Enterprises, LLC and Jennifer Bridwell v. Clozetivity Franchising LLC, Leiby Goldberger and Curt Swanson (2022): Alleged fraudulent inducement and concealment. Voluntarily dismissed and settled for $120,000 in December 2023. - George "Bob" Lunt v. Frost Shades Franchising LLC, Leiby Goldberger and Curt Swanson (2022): Alleged fraudulent inducement and concealment. The case was sent to arbitration, and a decision is awaited from an early April 2024 arbitration. - Kari Denton v. DVS Franchising Corporation, Leo Goldberger (2022): Alleged breach of contract, breach of fiduciary duty, and fraud related to an alleged investment. Voluntarily dismissed and settled for $20,000 in October 2023. - Steven Hatch v. Frost Shades Franchising LLC, Leiby Goldberger and Curt Swanson (2022): Alleged fraudulent inducement and concealment in an arbitration proceeding, which is currently pending. - Barbara Fein v. Clozetivity Franchising LLC, and Leiby Goldberger (2024): Alleged work environment misconduct and fraudulent inducement. Voluntarily dismissed and settled for $140,000 in February 2024. - Michael Borgen v. Patch Boys Franchising, LLC, Leiby Goldberger, Curtis Swanson, and William Weber (2020): Alleged failure to properly register FDD, misrepresentation, and fraud. Settled for 80% of the franchise fee in January 2022. - Alyssa Anderson v. Patch Boys Franchising, LLC, Leiby Goldberger, Curtis Swanson, and Bill Weber (2019): Alleged failure to properly register FDD, misrepresentation, and fraud. Settled for $55,000 in February 2020. - In the Matter of Frost Shades, LLC (2021): Maryland Securities Commissioner concluded Frost Shades violated registration and disclosure provisions. Frost Shades agreed to a consent order in December 2021, including offering rescission to a franchisee. - In the Matter of Patch Boys Franchising, LLC (2021): Minnesota Commissioner of Commerce concluded Patch Boys violated registration and disclosure provisions and failed to obtain FDD receipts. A consent order was entered in June 2021, requiring a $7,500 penalty and compliance with the Minnesota Franchise Act. - In the Matter of Investigation by Eric T. Schneiderman, Attorney General of the State of New York, of Patch Boys Franchising, Inc., and Leiby Goldberger (2016): Patch Boys acknowledged selling franchises without disclosing Mr. Goldberger's 1999 felony conviction. An Assurance of Discontinuance was entered in September 2016, requiring a $10,000 fine, rescission offer, and compliance with the Franchise Sales Act.
Bankruptcy History
Vizta Tint Holdings, Inc. reports no bankruptcy history for itself or any person identified in Item 1 or Item 2.
Agreement Terms
Initial Term
10 years
Renewal Term
5 years
Renewal Conditions
To renew the Vizta Tint franchise, franchisees must be in compliance with their Franchise Agreement and all other agreements with the franchisor and its affiliates. They must provide 180 days written notice of their intent to renew, sign the franchisor's then-current franchise agreement and related agreements, including a general release, and pay a renewal fee equal to 5% of the then-current initial franchise fee. Additionally, franchisees and their owners must meet all other renewal requirements in the Franchise Agreement and complete any additional training deemed necessary by the franchisor.
Training & Support Program
Franchisor Assistance
Vizta Tint Holdings, Inc. provides several forms of assistance to its franchisees. Before opening, the franchisor grants the right to operate, approves the operating territory and administrative office location, provides access to confidential operations manuals, and gives a list of approved suppliers and signage specifications. The franchisor also identifies and lists the franchisee's business on its website and provides an initial training program for the managing owner and one manager. After opening, Vizta Tint provides ongoing operating standards, marketing standards, and approved vendor lists. The franchisor may coordinate an annual conference, offer supplemental on-site training for a fee if performance standards are not met, and provide initial training for replacement operating managers for a fee. The franchisor also reserves the right to administer system-wide marketing funds, but does not provide assistance with hiring and training employees, though it may suggest pricing levels.
Initial Training Hours
25
Training Location
Toms River, New Jersey
Ongoing Support
After opening, Vizta Tint Holdings, Inc. provides ongoing support through regular communication of operating standards, marketing standards, and approved vendor lists. The franchisor may also coordinate an annual conference for franchisees and offer supplemental on-site training for a fee if the franchisee is not meeting system performance standards. Initial training programs are also available for replacement operating managers, for which a fee is charged. The franchisor may administer system-wide marketing funds and offer suggested pricing levels, but it explicitly states that it does not provide assistance with the hiring and training of franchisee employees.
Franchise Requirements
Industry Experience Required
No
Management Experience Required
Yes
Sales Experience Required
No
Technical Skills Required
No
Operational Details
Location Type
Hybrid
Owner Participation
Full-Time
Territory Type
Protected
Territory Size Requirements
Vizta Tint Holdings, Inc. defines its operating territories based on population. A Single Territory generally consists of a geographic area with an approximate population of 250,000 to 350,000 people. A Double Territory is larger, comprising an aggregate population of approximately 750,000 to 1,000,000 people. The population figures are determined using raw data without considering demographics or age, and these determinations are fixed as of the franchise agreement's effective date.