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Jet-Black Franchise Group

2015 Franchise 500
#257
At a Glance

Products & Services: Asphalt maintenance

Number of Locations: 94

Total Investment: $46K - $109.3K

Founded: 1988

Began Franchising: 1993

About Jet-Black Franchise Group

In August 1987, Doug and Andy Hoiland's parents had their driveway seal-coated. The brothers were not impressed with the results: cracks left unfilled, oil spots bleeding through, and footprints from the sealer on the sidewalk. When they found that most paving companies did seal-coating only on the side, they decided to open their own business, specializing in seal-coating, in May 1988. In 1993, they awarded their first Jet-Black franchise.

Jet-Black franchisees offer driveway repair services including power-cleaning, heat-treating oil spots, seal-coating, patching cracks and caulking joints.

Franchise Units

Year U.S. Canadian International Company Owned
2014 84 0 0 10
2013 82 0 0 8
2012 75 0 0 8
2011 70 0 0 8
2010 73 0 0 5
Where Seeking Franchisees: Franchisor is seeking new franchise units throughout the U.S. and Canada.
Direct Capital

Startup Costs, Ongoing Fees and Financing

Total Investment: $46,000 - $109,310
Franchise Fee: $7,500 - $10,000
Ongoing Royalty Fee: 2-8%
Term of Franchise Agreement: 15 years, renewable
Veteran Incentives: 50% off franchisee fee or franchise fee waived for 2nd territory
Financial Requirements
Liquid Cash Available: $20,000
Operations
Franchise can be run from home. 44% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 3. Absentee ownership of franchise is allowed. (93% of current franchisees are owner/operators).
Direct Capital
Financing Type In-House Third Party
Franchise Fee
Startup Costs
Equipment
Inventory
Accounts Receivable
Payroll

How This Franchise Supports Franchisees

Training: Available at headquarters: 1 week. At franchisee's location: Ongoing. At advanced training seminars
Ongoing Support: Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives
Marketing Support: Co-op advertising, Ad slicks,
Other marketing support: PR, marketing programs, lead generation

Franchise Ranking History

Franchise 500®: #257 (2015), #265 (2014), #441 (2013), #467 (2012), #497 (2011),
Low-Cost: #50 (2014), #80 (2013),
Top Home-Based: #77 (2014),

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