Waterloo Turf Business franchise research

Investment by format

Format-specific estimates only. Do not combine one format's minimum with another format's maximum.

Investment sourceFDD p.20 ↗

Franchise fees and ongoing costs

Franchise fee

$39,000 to $59,000 · Extracted Item 5 scalar range, not a universal minimum or maximum; formats, eligibility, discounts and waivers require original-filing review.

Royalty

6% · 6% of Gross Sales per Accounting Period (each 2-calendar-week period), debited automatically; subject to a Minimum Annual Royalty Fee and a Large Franchisee Royalty Break for high-volume multi-unit operators

Marketing contribution

2% (basis not captured; see original filing)

Technology fee

$600/month per business, capped at $1,200/month during the initial term, billed each Accounting Period

Other fees

Ad Agency Fees (~$1,000/month, set by third-party agency); National Brand Fund Contribution (2%, up to 3% of Gross Sales); Grand Opening Ad Expenditure (up to $10,000, one-time within 90 days of opening)

Working capital (FDD Item 7)

$30,000 to $40,000 estimated working capital for payroll and marketing during the first 3 months of operation if not covered by sales revenue; no guarantee this will be sufficient

Fees sourceFDD p.12 ↗

Working capital is drawn from Item 7. The Investment source below locates the investment section, not an independently verified working-capital scalar.

Investment sourceFDD p.20 ↗

Franchise fee sourceFDD · page not captured ↗

Financial performance: Item 19

Item 19 captured

Yes

Metric / basis

Historical Gross Sales, costs, and Net Income (with franchise-fee adjustments and add-backs) for 2 company-affiliated outlets (Austin and San Antonio, TX); separately, Average Days to First Dollar for franchised outlets opened in FY2025

Reporting period

Calendar years 2023-2025 (Tables 1-5); FY2025 openings only (Table 6)

Sample

2 company-affiliated outlets across 5 outlet-years (Austin: 2023, 2024, 2025; San Antonio: 2024, 2025); Table 6 based on 26 franchised outlets opened by 8 franchisees during FY2025

Reported average

Not captured

Reported median

Not captured

Owner income is not captured. Gross sales and EBITDA are not owner pay. Results depend on the disclosed metric, sample and period; consult the full filing.

Item 19 performance sourceFDD p.56 ↗

Unit growth: Item 20

Reporting year

2025

Scope

franchised outlets

Starting outlets

0

Year-end outlets

26

Net change

+26

Derivation

ending minus starting outlets

Openings

26

Terminations

0

Non-renewals

0

Other closures

0

Reacquisitions

0

Transfers

5

Transfers are not closures. Net change is ending minus starting outlets for the stated scope and year, or complete openings less terminations, non-renewals, other closures and reacquisitions. Missing inputs stay unknown.

Unit growth sourceFDD p.70 ↗

SBA loan history

Loan activity

8 approvals

Activity window

FY2021-FY2026 YTD; snapshot 2026-06-30

Median SBA loan

$290,000

Median loan window

FY2023-FY2026 YTD through 2026-06-30

Median loan sample

8 loans

Historical charge-off share

Suppressed: fewer than 10 seasoned loans

Cohort

7(a) FY2010-2019 approvals

Numerator / denominator

0 / 0

Formula

CHGOFF / (PIF + CHGOFF + EXEMPT) × 100

This is a historical loan-level share, not a franchise failure probability or location survival rate. Loan size is not total investment. Other loan statuses are excluded from the seasoned denominator. Activity combines 7(a) and 504 approvals, excluding canceled and not-funded records; this is not a rolling five-year count. FY2024-25 franchise tags are sparse after directory suspension; fewer tagged loans do not establish brand decline. Recent charge-off cohorts are immature.

SBA loans sourceSBA data · Jun 30, 2026 ↗

Median loan amounts are financing context, not startup cost. The median window is separate from the seasoned charge-off cohort.

Median SBA loan sourceSBA data · Jun 30, 2026 ↗

Questions before you invest

How much does Waterloo Turf Business franchise cost?

single franchise (home/office-based, no real estate): $121,300 to $162,500; area development agreement (3-5 unit commitment): $153,500 to $233,000 These are format-specific estimates, not a guaranteed cash requirement. Franchise fee: $39,000 to $59,000 · Extracted Item 5 scalar range, not a universal minimum or maximum; formats, eligibility, discounts and waivers require original-filing review..

Investment sourceFDD p.20 ↗

Franchise fee sourceFDD · page not captured ↗

How much do Waterloo Turf Business owners make?

Owner income is not captured. Gross sales and EBITDA are not owner pay. Item 19 metric: Historical Gross Sales, costs, and Net Income (with franchise-fee adjustments and add-backs) for 2 company-affiliated outlets (Austin and San Antonio, TX); separately, Average Days to First Dollar for franchised outlets opened in FY2025. Sample: 2 company-affiliated outlets across 5 outlet-years (Austin: 2023, 2024, 2025; San Antonio: 2024, 2025); Table 6 based on 26 franchised outlets opened by 8 franchisees during FY2025. Period: Calendar years 2023-2025 (Tables 1-5); FY2025 openings only (Table 6).

Item 19 performance sourceFDD p.56 ↗

What's the SBA charge-off rate for Waterloo Turf Business?

Suppressed: fewer than 10 seasoned loans; numerator / denominator: 0 / 0. Historical 7(a) FY2010-2019 approvals; CHGOFF / (PIF + CHGOFF + EXEMPT) × 100, snapshot 2026-06-30. This is not a franchise failure probability. Median SBA loan: $290,000; window: FY2023-FY2026 YTD through 2026-06-30; sample: 8 loans. Median financing is not total investment.

SBA loans sourceSBA data · Jun 30, 2026 ↗

Median SBA loan sourceSBA data · Jun 30, 2026 ↗