Summary

General

Industry
A general sector of the franchise economy that helps characterize franchise concepts offering similar goods and/or services
Home & Building Services
Category
A subset sector of industry characterizing franchise concepts offering similar goods and/or services
Maintenance, Repair, & Restoration

Year of Founding

2009

Works with Franchise Brokers

Seeking Franchisees?

Remote Management?
Indicates if the business can be managed by a manager remotely

Fees & Financing

Royalty Fee
Ongoing fee paid by a franchisee to the franchisor as part of the franchise agreement
N/A
Marketing/Brand Fee
Amount of gross revenues required by the franchisor for marketing purposes
N/A

Franchise Fee

$66,405

Min. Cash Required

$22,500

Investment Range

$103K-$136K
SBA Loan Approved
Franchise has been approved for SBA loans based on SBA loan data

Location units

Total U.S. Locations

147

U.S. Franchised Units

147

U.S. Corporate Units

0

Headquarters (City, State)

Greenwood Village, CO

Square Footage

Retail Location?

Other

Item 19 - Franchise Financials

Yes

Started Offering Franchises

2009

Issuance of FDD Data

2024-04-10

E-2 Visa Eligibility

Job Count ?

Key Financial Indicators

Figure
Industry %
Percentage of franchises with figures less than the figure for this franchise
Franchise Payback Period
Calculated based on ramp-up time, average unit volume, and profitability
Loan Success Ratio
# of SBA loans paid in full to loans that were charged off
Loan Default Rate
# of SBA loans recognized as a loss divided by total loans
Sales-to-Investment Ratio
Indicator of general economics for a franchise
Resale Value
Based on the earnings and multiples for this industry
Resale Value-to-Investment
Higher ratio indicates higher potential for returns
Franchise Cost
Franchise Fee

%8

%8

%8

%8

%8

%8

%8

%8

%8

%8

%8

%8

%8

%8

%8

%8

Unlock access
Franchise Disclosure Document Summary

Download the latest Franchise Disclosure Documents (FDD’s) for this franchise.

Access full FDD directory
Reported and Estimated Franchise Gross Sales and Earnings

Find available key financial metrics below.

Year

Gross Sales
Reported or estimated gross sales, representing sales generated by a single franchise unit over a period of one year.

Amount for the period Y/Y % Change

Earnings (Owner Operator)
Average expected earnings, based on industry margins, for a single franchise unit where the owner is the primary operator.

Amount for the period Y/Y % Change

Earnings (Semi-Absentee)
Average expected earnings, based on industry margins, for a single franchise unit where the owner is not the primary operator.

Amount for the period Y/Y % Change

2023

2022

2021

2020

2019

%8

%8

%8

%8

%8

%8

%8

%8

%8

%8

%8

%8

%8

%8

%8

Unlock access

Franchise Openings and Closures

Year Start of year Units opened Units closed Reacquired by franchisor Total end of year
2023 136 24 13 0 147
2022 115 27 6 0 136
2021 103 26 14 0 115
2020 89 27 13 0 103
2019 73 22 6 0 89
2018 59 24 10 0 73
2017 44 19 4 0 59
2016 50 18 5 0 63

Discover which

franchise is best for you.

Speak to a franchise specialist today.

Get started
Two guys shaking hands
Key Metrics & Financials

Detailed Metrics

Detailed Franchise Metrics are metrics calculated and reviewed by Vetted Biz.

You can find the available metrics for Gotcha Covered below.

“N/A” or Not Applicable results mean that there is not enough data available to compute a precise rate or that the result is not mathematically computable.

When results are not mathematically computable, you should pay attention to the absolute values (#) instead of the percentage rate itself.

Franchise Health Metrics

Growth Rate
Measures the overall growth of units for the franchise divided by the total units during a given time period

1 year / 3 years

Failure Rate
Measures the overall number of units that failed divided by the total units for the franchise during a given time period

1 year / 3 years

Franchise for Sale Rate
Measures the number of units that were transferred or reacquired by the franchisor divided by the total units for the franchise during a given time period

1 year / 3 years

Gotcha Covered

Industry median

All franchises median

9% / 43%

8% / 8%

8% / 8%

9% / 23%

8% / 8%

8% / 8%

3% / 8%

8% / 8%

8% / 8%

Unlock access
Franchise Viability Benchmarking

Investment Midpoint

Franchise Fee Midpoint

Franchise Payback Period

Gross sales

Royalty Fee

Gotcha Covered

Industry median

All franchises median

$119,780

$8888

$8888

$66,405

$8,888

$8,888

8.8 years

8.8 years

8.8 years

$8,888

$8,888

$8,888

N/A

8%

8%

Unlock access
Franchisor Financials

Year

Franchisor Revenue

Amount for the period Y/Y % Change

Franchisor Royalty Fees

Amount for the period Y/Y % Change

Franchisor EBITDA

Amount for the period Y/Y % Change

Franchisor Net Income (Loss)

Amount for the period Y/Y % Change

2022

2021

2020

2019

%8

%8

%8

%8

%8

%8

%8

%8

%8

%8

%8

%8

%8

%8

%8

%8

Unlock access

Item 19 – Financial Performance Representations

Historical financial performance representations

Unlock Vetted Member access

Franchise Financials

Franchisor company financial information and financial performance representations, if disclosed by the franchisor.

Unlock Vetted Member access
Litigation & Bankruptcies

Lawsuits and Litigation

Pending and concluded litigation

Unlock Vetted Member access

Bankruptcies

Disclosed bankruptcy information

Unlock Vetted Member access
Content Library

Take the quiz to know your investor profile

Take Free Assessment
Contacts & Social Media
Website
w**.*********.com
Unlock access
Phone
(***) ***-***
Unlock access
Corporate Email
m***@****.com
Unlock access
State
Colorado
City
Greenwood Village
Zip Code
80111
Mailing adress
6251 Greenwood Plaza Boulevard, Suite 170

What to know about Gotcha Covered franchise?

Since its inception in 2009 , Gotcha Covered franchise has stood as a cornerstone in the global Home & Building Services. With a pioneering role in the franchise business, Gotcha Covered has consistently set the standard for excellence and innovation. It's worth noting that Gotcha Covered began offering franchises in 2009, marking a significant milestone in the company's history.

Additional Details

The cost of opening a Gotcha Covered franchise can vary depending on a number of factors. On average, you can expect to invest between $103K-$136K. This range includes expenses like the initial franchise fee, equipment, signage, seating, and other essential costs.

The profitability of a Gotcha Covered franchise can vary widely depending on factors such as location, operating costs, management efficiency, and local market conditions. If you are interested in knowing more about how profitable a Gotcha Covered franchise is and its average unit volume, make sure to click here and become a Vetted Member to unlock access.

Gotcha Covered operates a vast network of franchise locations, with a total of 147 in the United States alone. Out of these, 147 are franchised units, while 0 are corporate-owned. This extensive franchise presence showcases the brand's widespread reach and popularity in the U.S. market.

The franchise fee for Gotcha Covered typically ranges from 62910 to 69900. Additionally, franchisees are required to pay a royalty fee of N/A and a marketing fee of N/A of their monthly sales. These fees contribute to the ongoing support, marketing efforts, and brand development provided by Gotcha Covered to its franchise network.

Interested in becoming a franchise owner but not sure where to start?

Take our free assessment to get a free professional franchise consultation.

You may also be interested in

Business Industry

Home & Building Services

SealMaster

Investment Range

$64K-$925K

Founding Year

1991

Total U.S. Units

47

Business Industry

Home & Building Services

Linc Service

Investment Range

$67K-$136K

Founding Year

1979

Total U.S. Units

121

Business Industry

Home & Building Services

Best Choice Roofing

Investment Range

$117K-$202K

Founding Year

2010

Total U.S. Units

63

Business Industry

Home & Building Services

City Wide

Investment Range

$174K-$372K

Founding Year

2001

Total U.S. Units

94