Verified — real FDD extraction
SBA-eligible · directory code S2890 since 2018
Shine, SHINE WINDOW CARE AND HOLIDAY LIGHTING, SHINE WINDOW CARE, and SHINE HOLIDAY LIGHTING.
Cleaning & Restoration · independent · est. —
Shine is a home services franchise offering window cleaning, pressure washing, gutter cleaning, and seasonal holiday lighting design and installation. A franchisee operates a crew-based mobile service business from a small office or home base, serving residential and light commercial customers year-round by pairing cleaning work with holiday lighting season.
Shine, SHINE WINDOW CARE AND HOLIDAY LIGHTING, SHINE WINDOW CARE, and SHINE HOLIDAY LIGHTING. net unit count grew +33.9% from 2023–2025 per its FDD Item 20.
New to franchising? Start here
A franchise is a business where you (the franchisee) pay a company (the franchisor) for the right to open and run a location using their brand and system — think a local Anytime Fitness or Taco John's owned by a small-business owner, not the corporation.
Before you can buy in, U.S. law requires the franchisor to give you a Franchise Disclosure Document (FDD) — a long legal filing covering its fees, finances, and history. The numbers on this page come straight from that document:
- Franchise fee — the one-time cost to buy in.
- Royalty — the ongoing cut of your sales you pay the franchisor.
- Item 20 — how many locations opened and closed, the basis for our verdict (from Proven & strong down to Distressed — or Too new to judge).
The verdict
Proven & strong
Distress
Enough units and history to judge, and the record is good: growing or stable units with clean exits by the standards of its disclosed record. The standout in the record: the system is growing.
Exit rate · latest year
2.7%
vs 3.1% across 25 cleaning & restoration systems
Cost to open
$142K–$203K
Item 7 total investment range
SBA loan defaults
5.6%
18 loans resolved — directional only
Behind the verdict
the record, factor by factor · Item 20
3-yr trend · Item 20 Table 1
terminations + ceased-ops vs. all exits · Table 3
transfers vs. base · Table 3
actual vs. projected openings · Table 5
Item 19 disclosure + completeness
Systemwide units
2023–2025
Survival record
FDD Item 20 · outlet status by year
In fiscal 2025, 2 of 74 franchised outlets left the system — a 2.7% annualized exit rate, vs 3.1% across 25 cleaning & restoration systems. Not every exit is a failure — but this is the measurable floor.
Show the outlet tables ↓Hide the evidence ↑
| Status (FTC) | 2023 | 2024 | 2025 |
|---|---|---|---|
| Outlets at start | 50 | 56 | 74 |
| Opened | 7 | 20 | 3 |
| Transfers | 0 | 5 | 9 |
| Terminations | 1 | 1 | 0 |
| Non-renewals | 0 | 0 | 0 |
| Reacquired by franchisor | 0 | 0 | 0 |
| Ceased — other reasons | 0 | 0 | 2 |
| Outlets at end | 56 | 74 | 75 |
| Net change | +6 | +18 | +1 |
The lender's view
SBA 7(a)/504 loan performance · FY1991–present
Banks have made 40 SBA-backed loans to Shine, SHINE WINDOW CARE AND HOLIDAY LIGHTING, SHINE WINDOW CARE, and SHINE HOLIDAY LIGHTING. franchisees since 1993. Only 18 have resolved so far — too thin for a reliable default rate, but 1 of them charged off.
—
18 resolved · too thin to rate
—
avg. charged-off $ ÷ approved $
—
default rate × loss severity
$261,000
what recent franchisees borrowed
93 mo
approval → charge-off, defaulted loans
6 vs 3
distinct banks still lending
Charge-off rate by loan approval year (%)
Loan performance by state
SOURCE: SBA 7(a)/504 FOIA LOAN DATA (DATA.SBA.GOV), FY1991–PRESENT · MATCHED TO SHINE, SHINE WINDOW CARE AND HOLIDAY LIGHTING, SHINE WINDOW CARE, AND SHINE HOLIDAY LIGHTING. BY FRANCHISE NAME · RESOLVED = CHARGED-OFF + PAID-IN-FULL
The owner's side of the deal
FDD × federal loan record
A typical Shine, SHINE WINDOW CARE AND HOLIDAY LIGHTING, SHINE WINDOW CARE, and SHINE HOLIDAY LIGHTING. buyer since 2020 borrowed $261K through SBA — about $42K a year in debt service. Against the brand's own disclosed median unit revenue of $348K, that is 12.1% of every dollar the store takes in — before rent, payroll, food, or royalty.
Who finances it
the Huntington National Bank
24.0% of this brand's loans
That lender charges off 10.1% of its loans to other franchise brands, vs 14.8% nationally.
Who buys it
44.8%
first-time franchise owners
The rest already owned at least one other franchise. Across the corpus, brands bought mostly by repeat operators charge off at roughly 10% versus 17% for brands sold mostly to newcomers.
Does experience help here?
Not enough resolved loans to split
Computed from 40 SBA 7(a)/504 loans to Shine, SHINE WINDOW CARE AND HOLIDAY LIGHTING, SHINE WINDOW CARE, and SHINE HOLIDAY LIGHTING. franchisees joined to the brand's own FDD. Debt service assumes level amortization at the average disclosed term and rate. A lender's rate excludes its loans to this brand, so it reads the lender, not the brand.
What it costs — and what it drags
FDD Items 5–7 · fees, investment, royalty
Buying in means a $50K franchise fee (Item 5) and a total investment of $142K–$203K (Item 7). The franchisor publishes an earnings claim (Item 19) — read its methodology closely.
To open (Item 7)
$142K–$203K
all-in investment range
Franchise fee (Item 5)
$50K
upfront, one-time
Royalty (Item 6)
7%
of sales, ongoing
Your figure — cross-check against this brand's Item 19 and current-owner validation.
Royalty you'd pay / yr
$70K
7% of sales, before profit
Over a 10-yr term
$700K
royalties alone, excl. ad fund
This is not profit. It's the only money the FDD actually pins down — what you put in, and the royalty you owe on every dollar of sales. Your real take-home depends on labor, rent, food cost, and ramp-to-breakeven, none of which any FDD discloses.
Build a real pro-forma for Shine, SHINE WINDOW CARE AND HOLIDAY LIGHTING, SHINE WINDOW CARE, and SHINE HOLIDAY LIGHTING. with an independent CPAModeled risk
FDD Risk Score · modeled from the public record
Modeled from the public record, this brand sits mid-pack: riskier than 70% of systems we score.
Risk percentile
70 / 100
Loan-corroborated
Modeled SBA charge-off
15.5%
Observed SBA charge-off
5.6%
Top drivers: System size (log units) (raises) · Investment ceiling (log) (raises) · Item 20 exit rate (lowers) · Share financed by high-loss lenders (raises). 15+ resolved loans stand behind this estimate. A linear scorecard built from this brand's own disclosure figures plus the federal loan record behind its franchisees; full spec and cross-validated accuracy on the methodology page. A score is context, not a verdict.
Distress signals
news-sourced · bankruptcies, closures, lawsuits
No recent closures, bankruptcies, or major lawsuits found in the news for Shine, SHINE WINDOW CARE AND HOLIDAY LIGHTING, SHINE WINDOW CARE, and SHINE HOLIDAY LIGHTING.. That's a good sign — but it reflects news coverage, not a guarantee.
A broker is paid by the franchisor to place you. An independent CPA is paid by you — and the job is pressure-testing Shine, SHINE WINDOW CARE AND HOLIDAY LIGHTING, SHINE WINDOW CARE, and SHINE HOLIDAY LIGHTING.'s numbers, including talking you out of a bad deal.
Talk to an independent CPA before you buy →Shine, SHINE WINDOW CARE AND HOLIDAY LIGHTING, SHINE WINDOW CARE, and SHINE HOLIDAY LIGHTING. franchise questions, answered from the filings
What percentage of Shine, SHINE WINDOW CARE AND HOLIDAY LIGHTING, SHINE WINDOW CARE, and SHINE HOLIDAY LIGHTING. franchises closed last year?
In Shine, SHINE WINDOW CARE AND HOLIDAY LIGHTING, SHINE WINDOW CARE, and SHINE HOLIDAY LIGHTING.'s latest FDD Item 20 (fiscal 2025), 2 of 74 franchised outlets left the system — an annualized exit rate of 2.7% — compared with 3.1% across 25 cleaning & restoration systems tracked here. That counts terminations, non-renewals, and "ceased operations — other reasons." There is no official failure rate, and not every exit is a failure, but this is the measurable floor.
How much does a Shine, SHINE WINDOW CARE AND HOLIDAY LIGHTING, SHINE WINDOW CARE, and SHINE HOLIDAY LIGHTING. franchise cost?
Per Shine, SHINE WINDOW CARE AND HOLIDAY LIGHTING, SHINE WINDOW CARE, and SHINE HOLIDAY LIGHTING.'s 2026 FDD, buying in requires an initial franchise fee of $50K (Item 5) and a total initial investment of $142K–$203K (Item 7).
What royalty does Shine, SHINE WINDOW CARE AND HOLIDAY LIGHTING, SHINE WINDOW CARE, and SHINE HOLIDAY LIGHTING. charge?
Shine, SHINE WINDOW CARE AND HOLIDAY LIGHTING, SHINE WINDOW CARE, and SHINE HOLIDAY LIGHTING. charges an ongoing royalty of 7.0% of gross sales, per Item 6 of its 2026 FDD.
Does Shine, SHINE WINDOW CARE AND HOLIDAY LIGHTING, SHINE WINDOW CARE, and SHINE HOLIDAY LIGHTING. disclose earnings (Item 19)?
Yes — Shine, SHINE WINDOW CARE AND HOLIDAY LIGHTING, SHINE WINDOW CARE, and SHINE HOLIDAY LIGHTING. makes a financial performance representation in Item 19 of its 2026 FDD, reporting a median unit volume of $348K. Read it closely: franchisors choose which units and which metrics to include.