Rank no.441 – Jet-Black Franchise Group – US

Products & Services: Asphalt maintenance services

Number of Locations: 90

Total Investment: $41.4K – 169.25K

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.

Where Seeking Franchisees: Franchisor is seeking new franchise units worldwide.
Startup Costs, Ongoing Fees and Financing

Total Investment: $41,400 – $169,250
Franchise Fee: $7,500
Ongoing Royalty Fee: 2-8%
Term of Franchise Agreement: 15 years, renewable
FINANCIAL REQUIREMENTS
Net Worth: $50,000
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).

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®: #441 (2013), #467 (2012), #497 (2011),
Low-Cost: #80 (2013),