General

Industry

Home and Building Services

Category

Landscaping

SBA Identifier

S5170

Year of Founding

2004

Fees

Marketing Fee

2%

Royalty Fee

Varies

Franchise Fee

$14,995-$42,995

Investment Range

$66K-$111K

Location units

Total U.S. Locations

17

U.S. Franchised Units

11

U.S. Corporate Units

6

Headquarters (City)

Franklin

Other

Item 19 - Franchise Financials

No

Financing Availability

-

Started Offering Franchises

2004

Issuance of FDD Data

04/01/2021

What to know about NiteLites franchise?

A NiteLites franchise sells superior-quality lighting products and services to, and designs and installs architectural and landscaping illumination products for, upscale homeowners and commercial enterprises.

NiteLites is based in Franklin, OH. Scroll down to learn more!

How much does a NiteLites franchise cost?

Are you wondering how much is a NiteLites franchise? Before starting a NiteLites franchise, it is important to know the franchise fee, working capital and other costs required to start the business.

The minimum investment amount required to open a NiteLites franchise is $66,275 and can go all the way up to $110,785. Keep in mind, you should also allocate additional funds to live off of while the NiteLites business ramps up. This can take as little as 6 months to over 2 years depending on the franchise opportunity. You should speak to at least 5 NiteLites franchisees to understand the true cost of opening the franchise and how long it takes to: 1) start a NiteLites business 2) pass break even 3) hit significant income.

After (and if) you pass the point of earning significant income from your NiteLites franchise, there may be enough margin to hire a day-to-day manager and work less hours in the business.

Franchise Net Unit Growth

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Download our guide to compare NiteLites. Hotels to the Landscaping, Outdoor Home and Building Services industry.

Franchise Data

Year Start of Year Units Opened Units Closed End of Year
2018 12 0 0 12
2019 12 0 0 12
2020 12 0 1 11

Additional Details

How much does a NiteLites franchise owner make?

NiteLites franchise earnings and revenue can vary significantly from one franchisee to another.
The NiteLites franchise owner profits can be influenced by labor costs, lease rates, hours worked as well as other factors.

NiteLites unfortunately does not disclose financials on how much NiteLites franchise owners make. This means they do not disclose sales or earnings for franchisees operating in the U.S.

Every franchisor is required by law to disclose income statements and balance sheets for how the franchisor is performing but not for the franchisee level. Unfortunately, NiteLites does not make it easy to understand franchisee financial performance. This can be seen as a red flag and it is important to be that much more diligent in your conversations with NiteLites franchisees. Do note that NiteLites is not alone as about 40% of franchises do not disclose franchisee financial performance.

At Vetted Biz, we suggest you to speak with 5 to 10 NiteLites franchisees to understand how much money they are making from their NiteLites business.

You should also speak to former NiteLites franchisees to understand why they left the system. Did they sell their NiteLites at a profit? Were they forced to close their NiteLites franchise down because it kept losing money?

What is the NiteLites franchise fee?

Owning a NiteLites franchise requires Varies royalty fee and 2% marketing fee. These two expenses represent the main ongoing costs you can expect to pay the franchisor throughout the franchise relationship. There may be other ongoing fees disclosed in the NiteLites Franchise Disclosure Document

Keep in mind, there is also an initial NiteLites franchise fee of $14,995 that is included in the initial investment amount of $66,275 to $110,785. Depending on the franchise agreement you sign, you might have to pay the full franchise fee again if you decide to extend the NiteLites franchise relationship. Consult with a licensed franchise attorney to understand exactly what you receive for paying the NiteLites franchise fee of $14,995.

Visit the NiteLites metrics tab to explore the financials for this business, royalty and marketing fees compare to other Home and Building Services franchises. You can also compare these fees for 2,000+ franchises currently offered in the U.S.

When was NiteLites founded?

NiteLites started offering franchises in 2004. NiteLites was founded 18 years ago in 2004.

At Vetted Biz, we recommend franchises have 3-5 corporate locations and 5+ years of experience before offering a franchise. There needs to be proof that the business model works and is replicable before offering the franchise to other!

How many NiteLites locations are in the U.S.?

As of 2021, there were 11 locations across the U.S. There are also 6 corporate locations. Most Home and Building Services franchises like NiteLites have more franchised locations than corporate locations.

How many NiteLites franchises opened over the past few years?

Over the prior 3 years we have data for, NiteLites has opened 0 outlets throughout the U.S. Visit the NiteLites metrics tab to explore how the openings compare to other Home and Building Services franchises.

How many NiteLites franchises closed over the past few years?

Over the prior 3 years we have data for, NiteLites has closed 1 outlets throughout the U.S

Visit the NiteLites metrics tab to explore how the openings compare to other Home and Building Services franchises.

Is NiteLites growing? Are they opening more locations than they are closing?

The net unit growth rate for NiteLites over the past 3 years is -8%. Over the last year we have data for, NiteLites had a net unit growth rate of -8%.

Without a comparison, this number doesn’t mean much. Compare how the NiteLites growth rate compares to 2,000+ other franchises and Industry franchises like NiteLites. More info in the NiteLites metrics tab.

Is NiteLites franchise eligible for an SBA Loan?

NiteLites is eligible for SBA loans including the 7(a) loan. To find out more about the SBA loan program for franchising click here.

NiteLites franchise was assigned the SBA Franchise ID of S5170 on 04/14/2020. This DOES NOT mean the SBA endorses this franchise. The SBA Franchise Directory will only include business models like NiteLites that are reviewed and found eligible under SBA’s affiliation rules and other eligibility criteria. Currently, there are over 7,000 franchise opportunities that the SBA has deemed eligible for SBA financing.

Is NiteLites a franchise in the United States?

According to the SBA, NiteLites meets the Federal Trade Commission (FTC) definition of a franchise. The FTC Franchise Rule requires franchisors to provide all potential franchisees with a disclosure document (FDD) containing 23 items about the franchise, its officers, and other franchisees. Be sure that NiteLites provides you with an FDD if you are in discussion to buy a NiteLites.

What is the NiteLites Franchise for Sale Rate?

The NiteLites systemwide health and franchisee satisfaction can be measured by the NiteLitesfranchise for sale rate. The franchise for sale rate is calculated by the percentage of units transferred to new franchisees and reacquired by franchisor.

NiteLites franchise for sale rate over the past 3 years is 0%. Over the last year we have data for, NiteLites had a franchise for sale rate of 0%.

Without a comparison, this number doesn’t mean much. Compare how the NiteLites franchise for sale rate compares to 2,000+ other franchises and Industry franchises like NiteLites. More info in the NiteLites metrics tab.

What is the NiteLites Franchise Failure Rate?

NiteLites franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons. The failure rate is one of the most important franchise metrics to consider when investing in a franchise!

NiteLites failure rate over the past 3 years is 9%. Over the last year we have data for, NiteLites had a franchise failure rate of 9%.

Without a comparison, this number doesn’t mean much. Compare how the NiteLites franchise for sale rate compares to 2,000+ other franchises and Industry franchises like NiteLites. More info in the NiteLites metrics tab.

How can I find out more details on NiteLites franchise?

Visit the NiteLites metrics tab to explore franchise profitability, industry comparables and more. Become a Vetted Member today today for exclusive access on this franchise opportunity!

Investment Midpoint

The average of the low and high range of the investment amounts calculated from the most recently available Franchise Disclosure Document

NiteLites

$88,530

Industry median

All franchises median

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Royalty Fee

The median royalty fee from the Franchise Disclosure Document

NiteLites

Varies

Industry median

All franchises median

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Franchise Fee Midpoint

Payment that the franchisee must pay to the franchise owner in order to start a franchise.

NiteLites

$28,995

Industry median

All franchises median

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Item 19 – Financial Performance Representations

Historical financial performance representations

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Franchise Financials

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

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General

Industry

Home and Building Services

Category

Landscaping

SBA Identifier

S5170

Year of Founding

2004

Fees

Marketing Fee

2%

Royalty Fee

Varies

Franchise Fee

$14,995-$42,995

Investment Range

$66K-$111K

Location units

Total U.S. Locations

17

U.S. Franchised Units

11

U.S. Corporate Units

6

Headquarters (City)

Franklin

Other

Item 19 - Franchise Financials

No

Financing Availability

-

Started Offering Franchises

2004

Issuance of FDD Data

04/01/2021

Detailed Franchise metrics for NiteLites

Detailed Franchise Metrics are metrics calculated and reviewed by Vetted Biz. You can find the available metrics for NiteLites 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.

Growth Rate

The percentage change of total franchise units from one year to the next by franchisor.

 

1 year

3 years

NiteLites

-8%

-8%

Industry median

All franchises median

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Franchise for Sale Rate

The percentage of units transferred to new franchisees and reacquired by franchisor.

 

1 year

3 years

NiteLites

0%

0%

Industry median

All franchises median

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Net Unit Growth (most recent year)

Net Unit Growth (3 years)

Failure Rate

Franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons.

 

1 year

3 years

NiteLites

0%

9%

Industry median

All franchises median

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Business details

Company Name

www.NiteLites.com

Business email

**********@******.com

Mailing address

6107 Market Avenue

State headquarters

Ohio

Owner Name

NiteLites

Phone

+1 (000) 0********00

City

Franklin

Zip code

45005
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