Tommy's Express
The total investment to open a Tommy's Express franchise ranges from $4.1M to $5.7M. The initial franchise fee is $50,000. Ongoing royalties are 4% plus a 1% advertising fee.
What is the Tommy's Express franchise?
Tommy's Express operates car washes for drivers. The estimated total initial investment is $4,059,478 to $5,677,805, and the initial franchise fee is $50,000, according to the 2026 Franchise Disclosure Document.
The royalty is 4 percent of sales, and the advertising or brand fund fee is 1 percent. Applicants need $1,000,000 in liquid capital and a net worth of $2,000,000. The franchise agreement term is 20 years.
Tommy's Express is headquartered in Holland, MI. The company was founded in 1969 and began franchising in 2016.
Loan Activity Score
65/100
SBA Default Rate
0.0%
Active Lenders
26
According to its Franchise Disclosure Document or public business records, Tommy's Express has 52 locations, all owned by franchisees. Public SBA loan records show 26 lenders made 58 loans to franchisees of Tommy's Express. PeerSense calculates Tommy's Express's score as 65 out of 100, using public SBA loan performance and recent lending activity. Cost figures are based on the 2026 Franchise Disclosure Document.
Franchising since 1969 · 52 locations
$4.1M to $5.7M
$50,000
52
52 franchised
Proprietary PeerSense metric
StrongDistinct lenders in public SBA records for Tommy's Express
58
Total SBA loans
$2.7M
Average loan size
Source: public SBA 7(a) and 504 loan records through December 31, 2025
Referral fee at closing
SBA Lending Activity for Tommy's Express
Loan Activity Score Breakdown
Established (25 to 99 loans)
Are lenders increasingly or decreasingly funding this brand? Growing trends score highest.
Blended default rate (recent + all time) compared to NAICS sector peers.
Quality lenders actively backing this brand, with penalty for lender pullback.
FDD availability, Item 19 disclosure, and overall data completeness.
Geographic spread of SBA funded locations across states.
SBA Lending Performance
SBA Default Rate
0.0%
vs 10.8% peer avg
SBA Loans
58
Total Volume
$156.4M
Active Lenders
26
4 selective
States
20
vs. SBA Sector Average
SBA loan default rate vs. all franchises in the same NAICS sector, not limited to direct competitors
Key Highlights
Franchise Financing Resources
Data Insights
Key performance metrics for Tommy's Express based on SBA lending data
SBA Default Rate
0.0%
10.8% below peer avg
SBA Loan Volume
58 loans
Across 26 lenders
Lender Diversity
26 lenders
Avg 2.2 loans per lender
Investment Tier
Premium investment
$4,059,478 to $5,677,805 total
Tommy's Express: Deep SBA Data
Brand specific metrics derived directly from SBA 7(a) approval records: peak lending year, leading state, average loan size, and lender concentration. PeerSense computes these per brand so capital advisors and prospective franchisees can benchmark this opportunity against the rest of the franchise universe.
Peak SBA Year
2019
11 approvals. The best year on record for Tommy's Express.
Top SBA State
Florida
9 SBA financed Tommy's Express locations, the densest operator footprint.
Average Loan Size
$2.7M
Median $2.1M. Use as a sizing anchor when modeling your own Tommy's Express unit.
Lender Concentration
39.7%
Moderately Spread
Share of Tommy's Express approvals captured by the top 3 SBA lenders.
Tommy's Express's SBA lending pipeline peaked in 2019 (11 approvals). The last five fiscal years account for 59% of cumulative volume ($81M approved). Operator density is highest in Florida with 9 SBA financed locations. Average funded ticket sits at $2.7M, with the median at $2.1M. Lender mix is moderately spread: the top three SBA lenders account for 39.7% of approvals. Meaningful choice exists, but specific lenders carry the brand.
Payment Estimator
Estimated Monthly Payment
$42,023
Principal & Interest only
Indicative only, as of October 1, 2026. Not a quote, commitment or offer of credit. Final pricing, leverage and terms are determined by the lender at underwriting, after full transaction materials are reviewed. PeerSense sources the file. The lender sets pricing. What these terms mean.
Locations
Tommy's Express, unit breakdown
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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; it does not lend, fund, or approve loans, and 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