Franopolis

    Franchise Agreement

    Franchise research report · reviewed 2026 disclosure data

    Reviewed sources

    Coverall franchises commercial cleaning businesses that provide services such as floor care, waste removal, surface sanitizing, dusting, restroom cleaning, and vacuuming. Operators use the Coverall cleaning program and may also provide periodic services such as deep cleaning, carpet extraction, and window cleaning.

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    Headline figures

    Franchise Agreement quick facts

    Is Franchise Agreement a franchise?
    Yes. Franchise Agreement offers franchises through a Franchise Disclosure Document. At the end of 2025, it reported 5,669 franchised and 0 company-owned outlets (2026 FDD, Item 20, PDF p. 55).
    How much does it cost to open a Franchise Agreement franchise?
    The Franchise Agreement Franchise Disclosure Document reports an estimated initial investment of $17,986–$64,280 (2026 FDD, Item 7, PDF p. 32). This is the franchisor's disclosed estimate, not a quote. Details
    What ongoing fees does Franchise Agreement charge?
    The disclosed ongoing royalty is 5% (2026 FDD, Item 6, PDF p. 25). The brand or advertising fund contribution is $5 (2026 FDD, Item 6, PDF p. 26). Other recurring fees are listed in Item 6. Details
    Does Franchise Agreement disclose financial performance (Item 19)?
    Yes. The Franchise Agreement FDD includes an Item 19 financial performance representation (2026 FDD, Item 19, PDF p. 53). Figures apply only to the locations and period each one covers. Details
    How many Franchise Agreement locations are there?
    The FDD reports 5,669 outlets at the end of 2025 (2026 FDD, Item 20, PDF p. 55). Existing locations do not indicate territory availability. Details
    Is Franchise Agreement a good franchise to buy?
    Franopolis does not rate or recommend franchises. From the reviewed FDD: Item 19 includes financial performance figures; check which locations and period they cover; Item 20 lists outlet openings, closures and transfers; Item 6 includes a brand or advertising fund contribution on top of royalty; Item 20 also lists current and former franchisees you can contact. Review the full FDD with a franchise attorney and accountant before deciding.

    From reviewed FDD figures only. Not a recommendation or projection.

    What the disclosures show

    1. 1Opening costs are estimated at $17,986 – $64,280 in the 2026 FDD (Item 7); several initial fee options apply.
    2. 2Item 19 covers 37 separate groups: other measures for 329 locations; other measures for 50 locations; other measures for 8 locations; other measures for 14 locations; other measures for 25 locations; other measures for 155 locations; other measures for 14 locations; other measures for 9 locations; other measures for 329 locations; other measures for 50 locations; other measures for 9 locations; other measures for 50 locations; other measures for 14 locations; other measures for 238 locations; other measures for 96 locations; other measures for 13 locations; other measures for 238 locations; other measures for 18 locations; other measures for 329 locations; other measures for 18 locations; other measures for 14 locations; other measures for 238 locations; other measures for 9 locations; other measures for 329 locations; other measures for 9 locations; other measures for 13 locations; other measures for 18 locations; other measures for 42 locations; other measures for 18 locations; other measures for 329 locations; other measures for 3 locations; other measures for 9 locations; other measures for 14 locations; other measures for 238 locations; other measures for 50 locations; other measures for 18 locations; other measures for 329 locations. They are not combined.
    3. 3Outlets grew by 81 in 2025, to 5,669 (Systemwide, as labeled in the FDD, Item 20).

    From reviewed FDD figures only. Not a recommendation or projection.

    Franchises under $50kOther brands whose disclosed Item 7 low end fits this budget.Compare outlet trendsPut Item 20 counts side by side with up to 3 other brands.

    Franchise Agreement head-to-head

    Closest peers in the same subcategory, side by side from reviewed FDD figures. Not a ranking or recommendation.

    Franchise AgreementVSCoverall Commercial Cleaning
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    Franchise AgreementVSCoverall North America Inc
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    Franchise AgreementVSJani-King International, Inc.
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    Franchise AgreementVSJani-King
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    Costs · Items 5–7

    What does it cost to open?

    Estimated opening costs and the fees payable to the franchisor.

    Startup Investment — Item 7

    Total estimated initial investment

    2026 FDD · Item 7 · PDF p. 32

    Ongoing Fees — Item 6

    Selected recurring charges; payment bases and conditions remain attached to each fee.

    Royalty feeMain ongoing fee

    39 reported fees, each with its payment basis, are listed below; they haven't been sorted into recurring, initial and occasional groups yet.

    Financial Performance — Item 19

    What results are disclosed—and for which locations?

    37 separate populations, shown apart. Revenue is not owner income.

    329 locations

    Other measures · 329 locations

    Who is counted
    Coverall franchises sold during fiscal year January 1 through December 31, 2025; package-fulfillment status as of December 31, 2025
    Period
    cases
    Excluded
    No exclusions stated for the 329 franchises sold cohort.
    Method
    Coverall reviewed all franchise sales made during its fiscal year and determined whether Initial Business had been offered in compliance with the Franchise Agreement.

    These groups are never combined.

    Outlet Changes — Item 20

    How has the outlet count changed?

    Systemwide, as labeled in the FDD · counts as of year-end of each year.

    2026 FDD · Item 20 · PDF p. 55

    Net +15 outlets, 2023–2025

    05,65420235,58820245,6692025−66+81

    Year-end counts reported in Item 20. The scale starts at zero, so the line looks nearly flat; the labels between the dots show each year's change. Openings and closures for 2025 haven't been pulled from the Item 20 tables yet, so no turnover or churn is shown.

    Questions to investigate

    Prompts based on what this brand's reviewed disclosures do and don't show — not conclusions. Join free as a member to save questions to your research.

    For the franchisor

    • Which line items in the 2026 Item 7 estimate ($17,986 – $64,280) vary most by market, and why?

    • Which initial fee option would apply to my situation, and what conditions or discounts affect it?

    • Which locations are included in the Item 19 figures, and which were excluded?

    • Reported units went from 5,588 to 5,669 in 2025. How many new units opened, closed or changed hands?

    • Is a territory available in my area, and how is it defined in my agreement?

    For current and former owners

    • How did your actual startup costs and timeline compare with the Item 7 estimate?

    • How many hours a week do you work in the business, and in what role?

    • How do your results compare with the Item 19 figures, and what explains the difference?

    • What support from the franchisor has been most and least useful?

    For your advisors

    • Ask a franchise attorney to review the territory, renewal, transfer and termination terms.

    • Ask an accountant to build a cash-flow plan using your own assumptions, not the franchisor's.

    Sources & vintage history

    Every displayed fact is retained with its disclosure vintage, item, page, and reviewed status. Prior vintages remain on file rather than being overwritten.

    Citations (2026 FDD)

    1. [1]Estimated initial investment — Item 7 · PDF p. 32
    2. [2]Item 19 — Locations counted not stated in the reviewed record — Coverall franchises sold during fiscal year January 1 through December 31, 2025… · PDF p. 53
    3. [3]Item 19 — Locations counted not stated in the reviewed record — Coverall franchisees purchasing P-4000 Initial Franchise Packages during fiscal… · PDF p. 54
    4. [4]Item 19 — Locations counted not stated in the reviewed record — Coverall P-10000 Initial Franchise Package purchasers whose fulfillment period… · PDF p. 54
    5. [5]Item 19 — Locations counted not stated in the reviewed record — Coverall franchisees purchasing the P-7000 Initial Franchise Package during fis… · PDF p. 54
    6. [6]Item 19 — Locations counted not stated in the reviewed record — Coverall P-4000 Initial Franchise Package purchasers whose fulfillment period h… · PDF p. 54
    7. [7]Item 19 — Locations counted not stated in the reviewed record — Coverall P-all Initial Franchise Package purchasers whose fulfillment period ha… · PDF p. 54
    8. [8]Item 19 — Locations counted not stated in the reviewed record — Coverall franchisees purchasing P-7000 Initial Franchise Packages during fiscal… · PDF p. 54
    9. [9]Item 19 — Locations counted not stated in the reviewed record — Coverall franchisees purchasing the P-10000 Initial Franchise Package during fi… · PDF p. 54
    10. [10]Item 19 — Locations counted not stated in the reviewed record — Coverall franchisees purchasing P-all Initial Franchise Packages during fiscal… · PDF p. 54
    11. [11]Item 19 — Locations counted not stated in the reviewed record — Coverall franchisees purchasing P-4000 Initial Franchise Packages during fiscal… · PDF p. 54
    12. [12]Item 19 — Locations counted not stated in the reviewed record — Coverall franchisees purchasing P-10000 Initial Franchise Packages during fisca… · PDF p. 54
    13. [13]Item 19 — Locations counted not stated in the reviewed record — Coverall franchisees purchasing the P-4000 Initial Franchise Package during fis… · PDF p. 54
    14. [14]Item 19 — Locations counted not stated in the reviewed record — Coverall franchisees purchasing P-7000 Initial Franchise Packages during fiscal… · PDF p. 54
    15. [15]Item 19 — Locations counted not stated in the reviewed record — Coverall franchisees purchasing the P-3000 Initial Franchise Package during fis… · PDF p. 54
    16. [16]Item 19 — Locations counted not stated in the reviewed record — Coverall P-3000 Initial Franchise Package purchasers whose fulfillment period h… · PDF p. 54
    17. [17]Item 19 — Locations counted not stated in the reviewed record — Coverall P-5000 Initial Franchise Package purchasers whose fulfillment period h… · PDF p. 54
    18. [18]Item 19 — Locations counted not stated in the reviewed record — Coverall franchisees purchasing P-3000 Initial Franchise Packages during fiscal… · PDF p. 54
    19. [19]Item 19 — Locations counted not stated in the reviewed record — Coverall franchisees purchasing P-5000 Initial Franchise Packages during fiscal… · PDF p. 54
    20. [20]Item 19 — Locations counted not stated in the reviewed record — Coverall franchisees purchasing P-all Initial Franchise Packages during fiscal… · PDF p. 54
    21. [21]Item 19 — Locations counted not stated in the reviewed record — Coverall franchisees purchasing the P-5000 Initial Franchise Package during fis… · PDF p. 54
    22. [22]Item 19 — Locations counted not stated in the reviewed record — Coverall franchisees purchasing P-7000 Initial Franchise Packages during fiscal… · PDF p. 54
    23. [23]Item 19 — Locations counted not stated in the reviewed record — Coverall franchisees purchasing P-3000 Initial Franchise Packages during fiscal… · PDF p. 54
    24. [24]Item 19 — Locations counted not stated in the reviewed record — Coverall franchisees purchasing P-10000 Initial Franchise Packages during fisca… · PDF p. 54
    25. [25]Item 19 — Locations counted not stated in the reviewed record — Coverall franchisees purchasing an Initial Franchise Package during fiscal year… · PDF p. 54
    26. [26]Item 19 — Locations counted not stated in the reviewed record — Coverall franchisees purchasing P-10000 Initial Franchise Packages during fisca… · PDF p. 54
    27. [27]Item 19 — Locations counted not stated in the reviewed record — Coverall P-7000 Initial Franchise Package purchasers whose fulfillment period h… · PDF p. 54
    28. [28]Item 19 — Locations counted not stated in the reviewed record — Coverall franchisees purchasing P-5000 Initial Franchise Packages during fiscal… · PDF p. 54
    29. [29]Item 19 — Locations counted not stated in the reviewed record — Coverall P-3000 Initial Franchise Package purchasers whose performance was acce… · PDF p. 54
    30. [30]Item 19 — Locations counted not stated in the reviewed record — Coverall franchisees purchasing P-5000 Initial Franchise Packages during fiscal… · PDF p. 54
    31. [31]Item 19 — Locations counted not stated in the reviewed record — Coverall franchisees purchasing P-all Initial Franchise Packages during fiscal… · PDF p. 54
    32. [32]Item 19 — Locations counted not stated in the reviewed record — Coverall P-4000 Initial Franchise Package purchasers whose performance was acce… · PDF p. 54
    33. [33]Item 19 — Locations counted not stated in the reviewed record — Coverall franchisees purchasing P-10000 Initial Franchise Packages during fisca… · PDF p. 54
    34. [34]Item 19 — Locations counted not stated in the reviewed record — Coverall franchisees purchasing P-7000 Initial Franchise Packages during fiscal… · PDF p. 54
    35. [35]Item 19 — Locations counted not stated in the reviewed record — Coverall franchisees purchasing P-3000 Initial Franchise Packages during fiscal… · PDF p. 54
    36. [36]Item 19 — Locations counted not stated in the reviewed record — Coverall franchisees purchasing P-4000 Initial Franchise Packages during fiscal… · PDF p. 54
    37. [37]Item 19 — Locations counted not stated in the reviewed record — Coverall franchisees purchasing P-5000 Initial Franchise Packages during fiscal… · PDF p. 54
    38. [38]Item 19 — Locations counted not stated in the reviewed record — Coverall initial franchise package purchasers during fiscal year 2025, status a… · PDF p. 54
    39. [39]Outlet counts — Item 20, Table 1 · PDF p. 55

    "PDF p." is the page in the PDF file; "printed p." is the number printed on the FDD page.

    Territory & operations

    These are contract disclosures, not confirmation that any territory is currently available.

    Legal & agreement

    Franchisor financial statements

    Fiscal yearMeasureReported value
    2025goodwill$98,988,000
    2025operating lease right-of-use assets, net$5,448,000
    2025other assetsMore than one value recorded for this year — open the FDD source before comparing$244,000
    2025total assets$216,953,000
    2025total revenues$90,351,000
    2025selling, general and administrative expenses$60,746,000
    2025accounts payableMore than one value recorded for this year — open the FDD source before comparing$754,000
    2025accrued expensesMore than one value recorded for this year — open the FDD source before comparing-$958,000
    2025deferred revenueMore than one value recorded for this year — open the FDD source before comparing-$576,000
    2025self-insurance reservesMore than one value recorded for this year — open the FDD source before comparing$69,000
    2025operating lease liabilities-$3,212,000
    2025debt issuance costs-$1,012,000

    These figures describe the franchisor company, not individual franchise locations.

    SBA-backed loans to franchisees

    Loading…

    Source: U.S. Small Business Administration 7(a) & 504 FOIA data. Loan volume is not a measure of franchisee success.

    Related research

    Brands in the same subcategory first, then the wider industry, ordered by shared business format, overlapping investment range, Item 20 outlet count and search interest. This is not a ranking or recommendation.

    Coverall Commercial CleaningCoverall North America IncJani-King International, Inc.Jani-KingRoyalVCS Business

    Head-to-head comparisons

    Franchise Agreement vs Coverall Commercial CleaningFranchise Agreement vs Coverall North America IncFranchise Agreement vs Jani-King International, Inc.Franchise Agreement vs Jani-KingFranchise Agreement vs RoyalFranchise Agreement vs VCS Business
    Compare reviewed facts

    At a glance

    Business history

    Not reviewed

    Owner participation

    Not reviewed

    Territory language

    Litigation disclosure

    Not reviewed

    Bankruptcy disclosure

    Not reviewed

    Agreement term

    Not reviewed

    Reader notes on wording

    Our automated check found that these summaries may not match the FDD's exact wording. Read the FDD excerpt itself; it is the authoritative text. Core cost, fee, Item 19 and outlet figures are not affected.

    • Item 21 · PDF p. 134 · 2026 FDD

      Our summary: Total liabilities and member’s equity — 2025

      “Total liabilities and member’s equity 216,953,000 $ 223,137,000 $”

      Note: Supplied quote could not be confirmed on the cited PDF page excerpt.

    • Item 21 · PDF p. 134 · 2026 FDD

      Our summary: Allowance for credit losses on franchisees’ accounts receivable — 2024

      “(2025—$1,775,000; 2024—$1,006,000)”

      Note: Supplied quote could not be confirmed on the cited PDF page excerpt.

    • Item 21 · PDF p. 134 · 2026 FDD

      Our summary: Notes receivable from franchisees, less current maturities, net — 2025

      “Notes receivable from franchisees, less current maturities, net of allowance for credit losses (2025—$447,000; 2024—$516,000) 1,315,000 1,495,000”

      Note: Supplied quote could not be confirmed on the cited PDF page excerpt.

    • Item 21 · PDF p. 134 · 2026 FDD

      Our summary: Notes receivable from franchisees, less current maturities, net — 2024

      “Notes receivable from franchisees, less current maturities, net of allowance for credit losses (2025—$447,000; 2024—$516,000) 1,315,000 1,495,000”

      Note: Supplied quote could not be confirmed on the cited PDF page excerpt.

    • Item 21 · PDF p. 134 · 2026 FDD

      Our summary: Allowance for long-term franchisee notes receivable — 2024

      “(2025—$447,000; 2024—$516,000)”

      Note: Supplied quote could not be confirmed on the cited PDF page excerpt.

    • Item 21 · PDF p. 134 · 2026 FDD

      Our summary: Allowance for long-term franchisee notes receivable — 2025

      “(2025—$447,000; 2024—$516,000)”

      Note: Supplied quote could not be confirmed on the cited PDF page excerpt.

    • Item 21 · PDF p. 137 · 2026 FDD

      Our summary: Cash, cash equivalents and restricted cash — ending — 2024

      “Ending 21,766,000 $ 19,326,000 $ 14,969,000 $”

      Note: Supplied quote could not be confirmed on the cited PDF page excerpt.

    • Item 21 · PDF p. 137 · 2026 FDD

      Our summary: Cash, cash equivalents and restricted cash — ending — 2025

      “Ending 21,766,000 $ 19,326,000 $ 14,969,000 $”

      Note: Supplied quote could not be confirmed on the cited PDF page excerpt.

    • Item 21 · PDF p. 134 · 2026 FDD

      Our summary: Franchisees’ accounts receivable, net — 2025

      “Franchisees’ accounts receivable, net of allowance for credit losses (2025—$1,775,000; 2024—$1,006,000) 19,601,000 18,940,000”

      Note: Supplied quote could not be confirmed on the cited PDF page excerpt.

    • Item 21 · PDF p. 137 · 2026 FDD

      Our summary: Cash, cash equivalents and restricted cash — ending — 2023

      “Ending 21,766,000 $ 19,326,000 $ 14,969,000 $”

      Note: Supplied quote could not be confirmed on the cited PDF page excerpt.

    • Item 21 · PDF p. 134 · 2026 FDD

      Our summary: Total member’s equity — 2025

      “Total member’s equity 71,635,000 71,720,000”

      Note: Supplied quote could not be confirmed on the cited PDF page excerpt.

    • Item 21 · PDF p. 134 · 2026 FDD

      Our summary: Total liabilities and member’s equity — 2024

      “Total liabilities and member’s equity 216,953,000 $ 223,137,000 $”

      Note: Supplied quote could not be confirmed on the cited PDF page excerpt.

    • Item 21 · PDF p. 134 · 2026 FDD

      Our summary: Current maturities of notes receivable from franchisees, net — 2024

      “Current maturities of notes receivable from franchisees, net of allowance for credit losses (2025—$2,013,000; 2024—$1,826,000) 5,926,000 5,283,000”

      Note: Supplied quote could not be confirmed on the cited PDF page excerpt.

    • Item 21 · PDF p. 134 · 2026 FDD

      Our summary: Current maturities of notes receivable from franchisees, net — 2025

      “Current maturities of notes receivable from franchisees, net of allowance for credit losses (2025—$2,013,000; 2024—$1,826,000) 5,926,000 5,283,000”

      Note: Supplied quote could not be confirmed on the cited PDF page excerpt.

    • Item 21 · PDF p. 134 · 2026 FDD

      Our summary: Total member’s equity — 2024

      “Total member’s equity 71,635,000 71,720,000”

      Note: Supplied quote could not be confirmed on the cited PDF page excerpt.

    • Item 21 · PDF p. 134 · 2026 FDD

      Our summary: Allowance for credit losses on franchisees’ accounts receivable — 2025

      “(2025—$1,775,000; 2024—$1,006,000)”

      Note: Supplied quote could not be confirmed on the cited PDF page excerpt.

    • Item 21 · PDF p. 134 · 2026 FDD

      Our summary: Franchisees’ accounts receivable, net — 2024

      “Franchisees’ accounts receivable, net of allowance for credit losses (2025—$1,775,000; 2024—$1,006,000) 19,601,000 18,940,000”

      Note: Supplied quote could not be confirmed on the cited PDF page excerpt.

    • Item 21 · PDF p. 134 · 2026 FDD

      Our summary: Allowance for current franchisee notes receivable — 2025

      “(2025—$2,013,000; 2024—$1,826,000)”

      Note: Supplied quote could not be confirmed on the cited PDF page excerpt.

    • Item 21 · PDF p. 134 · 2026 FDD

      Our summary: Allowance for current franchisee notes receivable — 2024

      “(2025—$2,013,000; 2024—$1,826,000)”

      Note: Supplied quote could not be confirmed on the cited PDF page excerpt.

    Independent analysis of franchisor-provided data. Not investment advice. Franopolis does not distribute FDDs.

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