Hunting Lease NetworkFranchise Cost, Revenue & Review 2026
Data from FDD filing
FranchiseVerdict summary · 2026
A Hunting Lease Network franchise requires a total initial investment of $25K – $43K, including a $15K franchise fee and an ongoing 5.0% royalty[2]. The 2026 FDD does not disclose unit-level revenue (no Item 19). Verdict grade: F. Run a live ROI scan →
Data last verified June 18, 2026 · figures per the 2026 FDD issuance
Overview
- Investment
- $25K – $43K
- 5th pct Business Serv…
- Avg gross sales
- N/A
- 29th pct Business Serv…
- Royalty
- 5.0%
- 6th pct Business Serv…
- Units
- 12
- 17th pct Business Serv…
- SBA default
- N/A
Quick verdict · Business Services · color = vs category peers
Green = >15% above Business Services 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
Franchised units fell from 14 to 11 over 3 years. Investigate why operators are leaving.
Bottom line
- Total investment $25K – $43K including a $15K franchise fee, 5.0% ongoing royalty.
- No Item 19 financial performance data disclosed. The franchisor chose not to publish revenue figures.
- Verdict F (Bottom Quintile) with a risk score of 100/100.
- No Item 19 financial performance representation. Without franchisor-disclosed revenue data, you'll need to gather unit economics directly from existing franchisees.
Item 1 · who you're contracting with
The Franchisor
- Legal entity
- National Hunting Lease Network, L.L.C.
- Parent company
- FNC, Inc.
- Incorporated in
- NE
- HQ
- 11516 Nicholas Street, Suite 100, Omaha, Nebraska 68154-8016
- Auditor
- Deloitte & Touche LLP
- Audited financials
- Franchisor revenue
- $67.8M
- vs $65.4M prior year
Overview
About
Franchisees operate as intermediaries connecting landowners with hunting lease opportunities, managing listings, marketing properties, facilitating negotiations, and earning commissions on completed leases. The model relies on building local relationships with rural property owners and hunters to generate transaction volume in what is fundamentally a real estate transaction business with seasonal demand patterns.
- CEO
- Troy A. Langan
- Headquarters
- NE
- Founded
- 2004
- FDD year
- 2026
- States available
- 7
FDD Item 7 · 2026 filing
Initial investment breakdown
| Cost component | Low | High |
|---|---|---|
| Initial franchise fee | $15K | $15K |
| Working capital (3–6 mo) | $3K | $7K |
| Equipment, build-out, other | $8K | $21K |
| Total initial investment | $25K | $43K |
Source: Hunting Lease Network 2026 FDD, Items 5 and 7[2]. “Equipment, build-out, other” is computed as total minus disclosed line items above.
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $25K – $43K
- Better than avg vs category
- Liquid capital req'd
- $3K – $7K
- Better than avg vs category
- Franchise fee
- $15K – $15K
- Better than avg vs category
- Royalty
- 5.0%
- Royalty Sales (Gross Sales less insurance premiums, processing fees, and damage deposits) · typical 6–8%
- Ad fund
- 0.0%
- typical 3–5%
- Total fee load
- 5.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 5.0% of gross sales |
| Marketing / ad fund | 0.0% of gross sales |
| Transfer fee | $10K |
| Renewal fee | $1K |
| Total fee load | 5.0% of rev |
Financial Performance
This franchisor did not disclose financial performance representations in Item 19, or our extractor could not parse them.
vs Business Services averages
How Hunting Lease Network Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 12
- Opened
- 0
- Last reporting year
- Closed
- 3
- Turnover rate
- 25.0%
- Company-owned
- 1
- Corporate units in the system
- % franchised
- 92%
- vs corporate-owned
- Net growth (yr3)
- -21.4%
- Net unit change last year
- 3-yr CAGR
- -21.4%
- Compounded over last 3 years
3-year detail · Item 20
- Transfers (3yr)
- 0
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 38 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.
No SBA loan data available for this brand.
Risk analysis
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
This franchise exhibits high risk due to severe unit contraction, missing financial disclosures, and franchisor going concern issues that suggest systemic problems or impending collapse.
Audited financials (Item 21)
Yes · Deloitte & Touche LLP
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Score breakdown · what drove the 100 / 100 rating
- 01MEDSystem contracting sharply: 12 units with -21.4% YoY decline indicates franchisees are exiting or failing
- 02MEDNo financial performance data disclosed: Item 19 absence prevents ROI validation and suggests franchisor may be hiding poor results
- 03HIGHGoing Concern status is FALSE: This is a critical red flag indicating potential financial instability or solvency issues at franchisor level
- 04MEDModest initial investment ($25k-$42.5k) with 5% royalty creates low barrier to entry but also signals limited support infrastructure
- 05MEDNiche market concentration: Hunting lease networking has limited addressable market and high geographic/seasonal dependency
- 06MINORSmall franchisee base (12 units) provides minimal economies of scale and suggests difficulty recruiting/retaining franchisees
Severity inferred from the FDD text · not a regulatory classification
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 5 years |
|---|---|
| Renewal term | 5 years |
| Territory type | exclusive |
| Protected territory | Yes |
| Online sales rights | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Required |
| Non-compete (years)ℹ | 1 year |
| Right of first refusalℹ | Yes |
| Termination notice | 30 days |
| Mandatory arbitration | Yes |
| Jury trial waiver | Yes |
| Governing law | Nebraska |
| Litigation count | 0 |
Items 10, 11
Training & Operations
- Classroom training
- 10 hrs
- On-the-job training
- 0 hrs
Items 5 & 11
Franchisor Support
Item 20 · call current owners
Franchisee Contacts
56 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
Hunting Lease Network · FDD (2026) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Hunting Lease Network franchise?
The total investment to open a Hunting Lease Network franchise ranges from $25K – $43K, with an initial franchise fee of $15K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do Hunting Lease Network franchise owners earn?
Hunting Lease Network does not disclose average franchise owner earnings in their FDD Item 19. Not all franchisors are required to make financial performance representations. We recommend asking existing franchisees directly about their financial experience.
What is Hunting Lease Network's franchise failure rate?
SBA 7(a) loan charge-off data is not available for Hunting Lease Network (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 Hunting Lease Network franchise locations are there?
As of their most recent FDD filing, Hunting Lease Network has 12 total units in the United States, including 14 franchised units and 1 company-owned units.
Is Hunting Lease Network a good franchise to buy?
FranchiseVerdict rates Hunting Lease Network as a F-grade franchise with a risk score of 100 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.
For franchisors
Are you the franchisor?
If you represent Hunting Lease Network, you can request corrections or provide updated information.
Claim this brandOther Business Services franchises
Compare similar franchise opportunities in the Business Services category
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.