FranchiseVerdict
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Integra Realty Resources

Real EstateFranchising since 1999Website
Investment
$236K – $308K
99th pct Real Estate
Avg revenue
32nd pct Real Estate
Royalty
3.7%
9th pct Real Estate
Units
47
37th pct Real Estate
SBA default

Bottom line

  • Total investment $236K – $308K including a $40K franchise fee, 3.7% ongoing royalty.
  • No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
  • Rated CAUTION with a risk score of 72/100.
  • System contracting at -7.8% CAGR over 3 years. Investigate whether closures are franchisor-driven (consolidation) or franchisee-driven (economics).

Item 1 · who you're contracting with

The Franchisor

Legal entity
Integra Realty Resources, Inc.
Incorporated in
Delaware
HQ
7800 East Union Avenue, Suite 400, Denver, Colorado 80237
Auditor
Croskey Lanni, PC
Audited financials
Franchisor revenue
$10.2M
vs $10.1M prior year

Yale framework · single-unit ROIC

Returns Analysis

Pulls Item 7 (investment) and Item 19 (revenue) from this brand's FDD into the Yale unlevered-ROIC formula. Override any input to stress-test it against your own assumptions.

The model · Yale framework

What would one Integra Realty Resources unit return on the cash you put in?

Revenue · per unit, per year
$
Item 19 not disclosed — typing your own estimate
Franchisor take · royalty + ad fund
Royaltytyp 68%
%
Ad fundtyp 35%
%
Operating costs · category default: generic
COGS
%
Labor
%
Rent / occupancy
%
Other operating
%
Total invested capital · what you actually put in
Initial investment
$
FDD Item 7: $236K–$308K
Working capital
$
FDD reports $150K–$150K

Unlevered ROIC · per unit

29%

Below typical band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$122K
EBITDA margin
16.3%
Total invested
$422K
Payback
41 mo
Unit-level only. A multi-unit portfolio gives up roughly 5–15% of this to shared services (corporate G&A) before reaching the ~10-unit break-even Yale describes.

Overview

About

Integra Realty Resources franchisees provide commercial real estate valuation, appraisal, and consulting services to institutional and corporate clients. Day-to-day operations involve managing appraisers/valuers, acquiring client contracts, performing property valuations, and handling client relationships in their designated market. Franchisees may operate independently or build teams depending on territory demand and capital deployment.

CEO
Anthony M. Graziano
Founded
1999
FDD year
2024
States available
27

Item 7 · what it costs

The Vitals

Total investment
$236K – $308K
All-in to open one unit
Liquid capital
$150K – $150K
Cash you must have on hand
Franchise fee
$40K
Royalty
3.7%
Percentage of Adjusted Gross Revenues · typical 6–8%
Ad fund
3.0%
typical 3–5%
Total fee load
6.7%
vs 9–13% typical

Item 19

Financial Performance

This franchisor did not disclose financial performance representations in Item 19, or our extractor could not parse them.

Item 20 · unit dynamics

The Growth Chart

Total units
47
Opened
0
Last reporting year
Closed
3
Turnover rate
6.4%
Company-owned
0
Corporate units in the system
% franchised
100%
vs corporate-owned
Net growth (yr3)
-6.0%
Net unit change last year
3-yr CAGR
-7.8%
Compounded over last 3 years
2022
47-3
Franchised units
2023
50
Franchised units
2024
51
Franchised units

Year-over-year franchised unit counts and net change. Source: FDD Item 20.

Item 20 · 15 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).

AK
ME
VT
NH
MA
RI
CT
NY
NJ
PA
DE
MD
DC
WA
OR
CA
NV
ID
MT
WY
UT
CO
AZ
NM
ND
SD
NE
KS
OK
TX
MN
IA
MO
AR
LA
WI
IL
MS
TN
MI
IN
KY
AL
OH
WV
GA
VA
NC
SC
FL
HI
Registered · 15 states
Not registered

States derived from franchisee phone area codes (Item 20). Approximate — ported numbers may show the original state, not the franchisee's current location.

Government records

SBA Loan Data

Aggregated from SBA 7(a) loan disclosures, public data unique to FranchiseVerdict.

No SBA loan data available for this brand.

FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17

Risk & Legal

72
Risk · 0-100
CAUTION72 / 100

Integra Realty Resources presents HIGH RISK due to contracting unit count, undisclosed profitability metrics, active litigation with significant exposure, unprotected territory, and opacity around franchisee financial performance.

Score breakdown · what drove the 72 / 100 rating

  1. 01MINORUnit count declining 6.0% YoY (47 units) signals contracting system and potential franchisee dissatisfaction
  2. 02HIGHActive litigation with $1M+ damages claim pending bench ruling creates uncertainty and potential liability exposure for franchise system
  3. 03MEDNo average revenue or net income disclosure (missing Item 19) prevents assessment of franchisee profitability and ROI
  4. 04MINORUnprotected territory creates direct competition risk between franchisees and headwinds for unit economics
  5. 05MEDHigh royalty rate (3.7%) combined with undisclosed revenue makes cost-benefit analysis impossible for prospective franchisees
  6. 06MINOR5-year term length is relatively short, creating renewal uncertainty and reducing long-term planning ability

Severity inferred from the FDD text · not a regulatory classification

FDD Items 5, 6, 12, 17 · continued from Risk & Legal

Contract & Territory Detail

Territory
Metropolitan Statistical Area (MSA) and Counties
Protected territory
No
Initial term
5 years
Renewal term
5 years
Online sales rights
Granted
Franchisor can compete
Yes
Hire a manager?
Not allowed
Litigation count
1
Right of first refusal
Yes
Franchisor can buy back on resale
Mandatory arbitration
Yes
Jury trial waiver
Yes
Non-compete
1 yrs
Post-termination restriction
Owner-operator
Required
Governing law
Colorado

Item 11

Training & Operations

On-the-job training
0 hrs
POS system
Acumatica
Operating tech stack

Item 20

Franchisee Contacts

Phone numbers extracted directly from this brand's FDD Item 20. After purchase, you'll also receive a list of validation questions tailored to this brand.

Franchisee contacts

92 numbers

Locked
(612) 339-••••
MN
(208) 342-••••
MN
(972) 725-••••
MN

One-time purchase · CSV download · Validation questions included

FDD download

Integra Realty Resources · FDD (2024) PDF

Single-page checkout · instant download · CSV export of contacts available separately above