🍟 5/23/2022 – An Automobile Franchise With $300k Average Income


FranShares Announces TNT Fund

The Scoop

After a multi-year process of building a waitlist, FranShares is going live with it’s ‘TNT’ Fund, which stands for Takeout N’ Trash.

The fund will invest in 25 locations of Teriyaki Madness, and 35 locations of Smash My Trash (more on both brands below).

While FranShares will eventually be open to all investors, due to the complex and lengthy regulation process, the TNT Fund is only available to accredited investors.

The company plans to launch a fund that’s open to all US investors in August of this year.

The Wolf’s Take 🍟

It’s been long awaited for FranShares to officially go live, and I’m excited by the brands they’re working with! Both brands – Teriyaki Madness and Smash My Trash – have been covered in this newsletter.

Smash My Trash costs $322,650–$395,500 to launch, and can reach as much as $1.4M in revenue with 50% EBITDA.

Meanwhile Teriyaki Madness costs $327,200–$678,260 to start and is expected to grow to $1,079,488 AUV with up to 25% profitability per store.

It’s a bit of a bummer this first fund isn’t open to any investor, but I understand why their team wanted to launch now rather than delay it for another 3 months. Excited to follow FranShares and see what their next fund is in August!

More Headlines



  • Founded: 1934
  • Units Open: 357
  • Investment Range: $310K – $500K
  • Average Revenue per Location: $294,000 (estimated)

Did you know?

Carvel started from just a $15 investment! The founder, Tom Carvel, took a $15 loan out in 1929 to buy an ice cream truck when he was 28 years old. 

Funnily enough, the woman who loaned him the money later became his wife!


Tint World

Fast Facts


  • Founded in 1982, franchising since 2007
  • Based in Florida; 113+ locations open
  • Window tinting, vehicle wraps, mobile electronics, detailing services

Fees + Investment

  • Royalty: 6%
  • Brand Fund: 4%
  • Franchise Fee: $49,950
  • Initial Investment: $259,500 – $399,500

Financial Performance

  • The below table represents data from the full year 2020 for 52 Tint World centers that have been in operation for at least 2 years

The Wolf’s Take 🍟

Tint World’s financials demonstrate that a single location, which can take as much as $400,000 to cash flow, can eventually return a median of $147,707 in EBITDA.

That’s a fantastic return for franchise owners, and explains why 30%+ of Tint World owners will be developing multiple locations in their territories.

These numbers were from 2020 however — while I wasn’t able to find their most recent Franchise Disclosure Document, I stumbled on this on the Tint World franchise website:

This means that the top half of stores did $400,000 in EBITDA in 2021!

There’s not much more that needs to be said folks. A big goal of this newsletter is to curate the up and coming brands in the franchise world so that YOU can jump on the good opportunities before it’s too late.

If you’re serious about becoming a business owner, this is the highest signal brand I have seen since I covered Crumbl Cookies in 2021!


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