NiteLites
Home Services · Lawn Care & Landscaping
- Active units
- 10
- Royalty
- 5.0%
Franchised, year-end 2024
of weekly Net Sales
About NiteLites
NiteLites is a leading brand that specializes in providing low voltage LED lighting systems and services for both commercial and residential applications. With nationwide coverage, they have local representatives in over 20 locations across the country. Their range of products and services includes architectural lighting, deck and patio lighting, landscape lighting, LED and LED retrofit lighting, marina and dock lighting, path lighting, paver lighting, pond and fountain lighting, pool area lighting, security lighting, step lighting, and string lights. NiteLites also offers comprehensive support to its customers, including an exceptional warranty due to their commitment to manufacturing and installing high-quality systems. They also provide optional annual maintenance plans to ensure that your lighting system remains in optimal condition. With a team of experienced professionals, NiteLites is dedicated to providing expert design, installation, retrofits, warranty claims, and service for years to come. Whether you need commercial outdoor lights for your business or want to improve the curb appeal of your home, NiteLites is the go-to brand for all your outdoor lighting needs.
Key terms
- Franchise fee
$30k
- Franchise fee discount for higher royalty
May discount initial Franchise Fee by 50% in exchange for paying a fixed royalty at 2x the standard rate for the initial term.
- Brand fund
2.0% of Net Sales
- Local advertising
5.0% of Net Sales
- Footprint
200 – 280 sq ft
- Veteran discount
35.0% off franchise fee — VetFran: 35% discount off the Franchise Fee for honorably-discharged U.S. military veterans who meet VetFran requirements.
Brand Percentile Rankings
Growth
- Total locations10
Franchised units open at year-end
- New openings0
Gross new units opened during the calendar year
- 1-year unit growth rate0.0%
Net unit growth versus prior year
- 3-year unit CAGR-4.7%
Compound annual growth rate of unit count over the trailing 3 years
- Unit growth ratio0.0×
Cumulative opens / closures through year-end
Unit economics
- Annual unit volume (Median)—
Per FDD Item 19 disclosure
- Annual unit volume (25th percentile)—
Per FDD Item 19 disclosure
- Annual unit volume (75th percentile)—
Per FDD Item 19 disclosure
- 1-year Median AUV growth rate—
Year-over-year change in median AUV
- Store-level EBITDA Margin—
Median unit-level EBITDA / AUV
Investment profile
- Estimated initial investment$89k
Midpoint of estimated initial investment range
↓ Lower is better - Time to open3 months
Midpoint of average time from agreement to opening
↓ Lower is better - Royalty rate5.0%
Percent of net sales paid to the franchisor
↓ Lower is better - Sales-to-investment ratio—
Median AUV / estimated initial investment midpoint
- Cash-on-cash returns—
Median unit-level EBITDA / estimated initial investment midpoint. Steady-state estimate; year 1 returns will be lower as the unit ramps to median volumes.
Franchisee healthLocked
- Unit closure ratio
- Transfer vs. closure ratio
- Percent multi-unit franchisees
- Litigation rate
- EBITDA multiple on sales & transfers
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Location footprint
Showing 9 of 9 mapped locations
Sources
Financial and operating figures are sourced from the brand's Franchise Disclosure Documents. Brand percentile rankings are based on comparisons to other brands that include the same metrics in their Franchise Disclosure Documents.