Harcourts Real EstateFranchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
FranchiseVerdict summary · 2026
A Harcourts Real Estate franchise requires a total initial investment of $151K – $360K, including a $25K franchise fee and an ongoing 5.0% royalty[2]. Per the 2025 FDD, average unit revenue was $1.5M[2]. Verdict grade: B. Run a live ROI scan →
Data last verified June 18, 2026 · figures per the 2025 FDD issuance
Overview
- Investment
- $151K – $360K
- 68th pct Real Estate
- Avg gross sales
- $1.5M
- 20th pct Real Estate
- Royalty
- 5.0%
- 11th pct Real Estate
- Units
- 38
- 23rd pct Real Estate
- SBA default
- N/A
Quick verdict · Real Estate · color = vs category peers
Green = >15% above Real Estate avg · No shading = within ±15% · Red = >15% below avg · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
Each dollar invested generates 5.9x in gross revenue, well above the typical 1.5-2.5x range.
Bottom line
- Total investment $151K – $360K including a $25K franchise fee, 5.0% ongoing royalty.
- Average unit revenue of $1.5M/year (median $1.1M).
- Verdict B (Above Average) with a risk score of 58/100.
Item 1 · who you're contracting with
The Franchisor
- Legal entity
- Harcourts Pacific LLC
- Parent company
- Harcourts International Limited
- Incorporated in
- CA
- HQ
- 660 Newport Center Dr, Suite 320, Newport Beach, CA 92660
- Auditor
- Baker Tilly US, LLP
- Audited financials
- Franchisor revenue
- $2.5M
- vs $2.5M prior year
- Management churn noted
- Frequent turnover
- Item 2 disclosed frequent executive changes
Overview
About
Harcourts real estate brokerage offices, which offers general real estate services, relating to the buying, selling, leasing, development, and management of real estate to the general public.
- CEO
- Benjamin Brady
- Headquarters
- CA
- Founded
- 2010
- FDD year
- 2025
- States available
- 4
FDD Item 7 · 2025 filing · 8 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| Initial Franchise Feenot refundable | $25K | $25K | |
| Office Build Out (Tenant Improvements) | $20K | $110K | |
| Furnishings and Equipment | $40K | $80K | |
| Supplies and Inventory | $5K | $15K | |
| Security Deposits, Licenses and other prepaid expenses | $10K | $20K | |
| Training | — | — | |
| Miscellaneous | $1K | $10K | |
| Additional Funds for 3 months | $50K | $100K | |
| Total initial investment | $151K | $360K |
Line items extracted from FDD Item 7. Ranges reflect the franchisor's stated low and high per line. Total is the sum of line-item lows / highs — actual costs may fall outside this range depending on market and build-out scope.
Single-unit · estimated
Returns at a glance
Indicative numbers using FDD Item 7 / Item 19 inputs and category-benchmarked cost ratios. Full single-unit, 25-unit portfolio, and LBO models (with every input editable to stress-test your own scenario) live on the financials page.
Store EBITDA · annual
$273K
18.0% margin
Unlevered ROIC
89%
EBITDA / total invested capital
Payback
14 mo
cash-on-cash, unlevered
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $151K – $360K
- Below avg, review vs category
- Liquid capital req'd
- $30K – $75K
- Near category avg vs category
- Franchise fee
- $25K – $25K
- Better than avg vs category
- Royalty
- 5.0%
- Gross Revenue · typical 6–8%
- Ad fund
- 0.0%
- typical 3–5%
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 5.0% of gross sales |
| Marketing / ad fund | 0.0% of gross sales |
| Technology fee | $500 |
| Transfer fee | $5K |
| Renewal fee | $5K |
Financial Performance
- Avg gross sales
- $1.5M
- Per unit, per year
- Median gross sales
- $1.1M
- Item 19 type
- gross_sales
- Sample size
- 38 units
- vs category median 41
- Range (low → high)
- $113K→$4.9M
- Cohort dispersion (min → max)
Compared against 121 Real Estate brands
Revenue is 5.9x the investment midpoint. At typical franchise margins, this suggests a payback under 3 years.
vs Real Estate averages
How Harcourts Real Estate Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 38
- Opened
- 0
- Last reporting year
- Closed
- 4
- Turnover rate
- 10.5%
- Company-owned
- 0
- Corporate units in the system
3-year detail · Item 20
- Transfers (3yr)
- 0
- Projected new
- 10
- Franchisor's next-year forecast
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 3 states with active franchisees
The Territory Map
Derived from franchisee contact records. Shows states with at least one current operator. Not where the franchisor is registered to sell new units (that data is re-extracting in a future refresh).
States derived from franchisee contact records (FDD Item 20). Shows states with at least one current operator on file. Full state registration data (Item 12) will appear on a future FDD refresh.
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA 7(a) and 504 loan disclosures, public data unique to FranchiseVerdict.
- Total loans
- 218
- Loan volume
- N/A
- Amount data pending
- Median loan
- N/A
- Charge-off rate
- N/A
Historical SBA 7(a) lending data, not predictive of future performance. How SBA charge-off rates are calculated
- Repayment rate (PIF)
- N/A
- 5-yr charge-off
- N/A
- Loans approved 2021+
- Active lenders
- 0
- Defaults
- 0
Explore lender portfolios on Bank Reports or regional data on State Reports.
Risk analysis
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Litigation (Item 3)
No litigation required to be disclosed
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Baker Tilly US, LLP
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Supplier relationship · Items 8 & 16
- Franchisor sells you products: Yes
- Kickbacks from required suppliers: Yes
- Must buy proprietary products: Yes
- Restricted to system-approved products: Yes
- Can negotiate own supplier terms: Yes
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 10 years |
|---|---|
| Renewal term | 5 years |
| Allowed renewalsℹ | 2 |
| Territory type | Radius |
| Protected territory | Yes |
| Exclusive territoryℹ | Yes |
| Online sales rights | Granted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Required |
| Non-compete (years)ℹ | 2 years |
| Right of first refusalℹ | Yes |
| Termination notice | 30 days |
| Mandatory arbitration | Yes |
| Jury trial waiver | Yes |
| Governing law | California |
| Litigation count | 0 |
View Item 3 litigation summary
No litigation required to be disclosed
Items 10, 11
Training & Operations
- Classroom training
- 39 hrs
- On-the-job training
- 0 hrs
- Training location
- Franchisee's Office or Online (at Franchisor's choice)
- Ongoing training
- Required
- Field support
- 10 hrs/yr
- On-site visits per year
- POS system
- Harcourts One and Harcourts Cloud
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: Harcourts One and Harcourts Cloud
Item 20 · call current owners
Franchisee Contacts
19 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
Harcourts Real Estate · FDD (2025) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Harcourts Real Estate franchise?
The total investment to open a Harcourts Real Estate franchise ranges from $151K – $360K, with an initial franchise fee of $25K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do Harcourts Real Estate franchise owners earn?
According to Item 19 of the Harcourts Real Estate FDD, the average gross sales per unit is $1.5M. The median is $1.1M. Note: this is gross revenue, not profit. Actual owner earnings vary based on location, operating costs, and management.
What is Harcourts Real Estate's franchise failure rate?
SBA 7(a) loan charge-off data is not available for Harcourts Real Estate (fewer than 10 loans on file). Charge-off rates are one way to gauge franchise risk, but not all franchise loans go through the SBA program. We recommend reviewing turnover and closure data in the FDD and speaking with current franchisees.
How many Harcourts Real Estate franchise locations are there?
As of their most recent FDD filing, Harcourts Real Estate has 38 total units in the United States, including 22 franchised units and 0 company-owned units.
Is Harcourts Real Estate a good franchise to buy?
FranchiseVerdict rates Harcourts Real Estate as a B-grade franchise with a risk score of 58 out of 100, based on our analysis of investment costs, revenue data, SBA loan performance, and growth trends. Our rating is based solely on publicly available FDD and government data; we recommend speaking with current franchisees before making any investment decision. This is not investment advice.
Data sourced from public FDD filings and SBA 7(a) FOIA records. Not financial advice.
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Data extracted from public FDD filings and SBA 7(a) loan disclosures (FOIA). This information is provided for research purposes only and does not constitute financial, legal, or investment advice. Verify all figures with the franchisor's current Franchise Disclosure Document before making any investment decision.