Five Star Bath Solutions vs Spray Net
Five Star Bath Solutions vs Spray Net: Five Star Bath Solutions costs $49K to $389K to open; Spray Net costs $52K to $306K. Five Star Bath Solutions has 50 units, Spray Net has 24. SBA loan history: Five Star Bath Solutions = 70 loans (4.3% default); Spray Net = 38 loans (13.2% default). The franchise with more SBA funded units, a lower SBA default rate, and a lower royalty load is the safer financing bet; see the comparison below.
Five Star Bath Solutions vs Spray Net: Capital, Scale & Lending Analysis
Analysis based on FDD filings and SBA 7(a) loan level data. Each pairing reflects a unique combination of capital intensity, system scale, and financing path.
Capital Intensity
Five Star Bath Solutions requires the lower minimum capital commitment ($49K vs $52K for Spray Net), a 7% spread. Initial franchise fees come in at $30K for Five Star Bath Solutions versus $40K for Spray Net, Five Star Bath Solutions has the lower entry fee. Ongoing royalty load is 5% for Five Star Bath Solutions and 7% for Spray Net, giving Five Star Bath Solutions the lighter per-unit drag on operating income.
System Scale & Tenure
On scale, Five Star Bath Solutions operates 50 units to Spray Net's 24, roughly 2× the system size.
SBA Lending Profile
Five Star Bath Solutions has the deeper SBA lending track record, with 70 7(a) approvals compared with 38 for Spray Net. Five Star Bath Solutions's peak SBA year was 2025 (26 loans); Spray Net's peak was 2023 (12 loans). Five Star Bath Solutions's more recent peak generally indicates fresher lender appetite. Five Star Bath Solutions has the most SBA funded units in CA, with 10. Spray Net leads in TX, with 8. Borrowers should pick the brand whose strongest SBA state matches their own state for warmer lender introductions. Average SBA loan size on funded Five Star Bath Solutions deals is $211K vs $164K for Spray Net, useful as a sizing anchor when modeling your own unit.
Risk Signal
SBA default rates are 4.3% for Five Star Bath Solutions and 13.2% for Spray Net, Five Star Bath Solutions has the cleaner SBA loss record by 8.9 points. PeerSense FPI scores come in at 84 (Excellent) for Five Star Bath Solutions and 61 (Moderate) for Spray Net, giving Five Star Bath Solutions the stronger composite signal across SBA performance, lender appetite, and operational consistency.
Health & Performance
FPI Score | 84/100 | 61/100 |
Health Tier | Excellent | Moderate |
Confidence | N/A | N/A |
Lending Trend | Growing | Growing |
SBA Lending
SBA Loans | 70 | 38 |
SBA Volume | – | – |
Default Rate | 4.3% | 13.2% |
Peer Tier | established | established |
Investment & Costs
Total Investment | $49K to $389K | $52K to $306K |
Franchise Fee | $30K | $40K |
Royalty Rate | 5% | 7% |
Ad Fund | 1% | 2% |
Liquid Capital | $50K | N/A |
Net Worth Required | $100K | N/A |
Financial Performance (Item 19)
Item 19 Status | Disclosed | Disclosed |
System Size & Operations
Total Units | 50 | 24 |
Franchised Units | 50 | 24 |
Company Owned | – | – |
Term Length | 11 yrs | 10 yrs |
Brand Information
Year Founded | 1996 | N/A |
Franchising Since | 2002 | 1986 |
Years Franchising | 24 yrs | 40 yrs |
Headquarters | HUNTINGTON BEACH, CA | MCKINNEY, TX |
Category | Painting | Painting |
Website | ||
FDD Year | 2025 | 2025 |
Which Is Better, Five Star Bath Solutions or Spray Net?
Lower upfront capital required
Five Star Bath Solutions
Five Star Bath Solutions: $49K starting · Spray Net: $52K starting
More SBA lender confidence
Five Star Bath Solutions
Five Star Bath Solutions: 70 SBA loans · Spray Net: 38 SBA loans
Lower SBA default rate
Five Star Bath Solutions
Five Star Bath Solutions: 4.3% · Spray Net: 13.2%
Larger system & brand presence
Five Star Bath Solutions
Five Star Bath Solutions: 50 units · Spray Net: 24 units
Lower ongoing royalty load
Five Star Bath Solutions
Five Star Bath Solutions: 5% · Spray Net: 7%
More lender financing options
Five Star Bath Solutions
Five Star Bath Solutions: 15 unique lenders · Spray Net: 6 unique lenders
Decision matrix uses publicly disclosed FDD and SBA loan data. Not a recommendation. Your best franchise depends on capital, market, operating capacity, and risk tolerance.
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About These Franchises
Five Star Bath Solutions vs Spray Net: Franchise Funding Comparison
Comparing Five Star Bath Solutions and Spray Net is about more than brand preference. It's about which franchise fits your financial profile and funding strategy. Investment ranges from $49K to $389K.
Five Star Bath Solutions has 70 SBA loans on record and Spray Net has 38. Those totals are cumulative history rather than a measure of current appetite. Both brands have an established underwriting path, though the lender that fits a specific deal still depends on its size, location and the buyer.
SBA 7(a) loans are the most common franchise funding vehicle, offering up to $5M with as little as 10% down. PeerSense connects franchise buyers with the specific lenders who have approved loans for these brands, not generic referrals, but lenders with actual franchise lending track records.
Data sourced from SBA loan records, Franchise Disclosure Documents, and public filings. Updated regularly. Not financial advice, consult with a lending professional before making investment decisions.
Five Star Bath Solutions vs Spray Net, Frequently Asked Questions
Which is a better franchise investment, Five Star Bath Solutions or Spray Net?
How much does a Five Star Bath Solutions franchise cost compared to Spray Net?
Can I finance Five Star Bath Solutions or Spray Net with an SBA loan?
Which has a lower SBA default rate, Five Star Bath Solutions or Spray Net?
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Page Review
Reviewed by Edward L. Freeman, Founder and Managing Director, PeerSense
- PeerSense is a capital advisory firm that places commercial financing with direct capital sources; the capital source sets final terms.
- Edward L. Freeman founded PeerSense in January 2020.
- He is a Registered Franchise Consultant with Business Alliance, Inc., a credential issued in March 2022, and worked as a franchise consultant there from March 2022 to May 2023.
- His recorded experience includes a $22 million SBA construction loan, with about $16 million funded on the deal.
- In the 12 months through September 30, 2026, PeerSense tracked 912 publicly announced financings with a disclosed size of $361.32 billion. PeerSense Capital Data Report · Methodology page
Last reviewed LinkedIn profileAbout Edward Freeman