Jet-Black Int'l. Inc.

#467

At a Glance

Products & Services: Asphalt maintenance services

Number of Locations: 78

Total Investment: $38.4K - 90.5K

Founded: 1988

Began Franchising: 1993

Private Owned

About Jet-Black Int'l. Inc.

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
2011	70	0	0	8
2010	73	0	0	5
2009	76	0	0	3

Where Seeking Franchisees: Franchisor is seeking new franchise units worldwide.

Startup Costs, Ongoing Fees and Financing

Total Investment: $38,400 - $90,500
Franchise Fee: $4,500
Ongoing Royalty Fee: 2-8%
Term of Franchise Agreement: 7 years, renewable

Financial Requirements

Net Worth: $100,000
Liquid Cash Available: $49,000

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).

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