JPAR - Real Estate Franchise Cost, Revenue & Review 2026
Data from FDD filing
Analysis by FranchiseVerdict Research · Methodology
JPAR is a residential and commercial real-estate brokerage franchise using a high-volume, agent-friendly model. Franchisees run offices recruiting and supporting agents, managing transactions, and earning from splits and fees.
FranchiseVerdict summary · 2026
A JPAR - Real Estate franchise requires a total initial investment of $18K – $235K, including a $6K – $28K franchise fee. The 2025 FDD does not disclose unit-level revenue (no Item 19). FranchiseVerdict grade: B (Above average), an editorial assessment, not investment advice. Run a live ROI scan →
Data last verified · figures per the 2025 FDD issuance
Overview
- Investment
- $18K – $235K
- 7th pct Real Estate
- Avg gross sales
- N/A
- Royalty
- N/A
- Units
- 72
- 44th pct Real Estate
- SBA charge-off
- N/A
Quick verdict · Real Estate · color = vs category peers
Green = favorable by >10% vs Real Estate avg · No shading = within ±10% · Red = unfavorable by >10% · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
Bottom line
- COSTTotal investment $18K – $235K including a $6K franchise fee.
- RETURNSFY2024 total revenues of $2,088,334 disclosed in Item 6; $37,232 (1.8%) was revenue from products/services purchased by franchisees. Audited financial statements (Exhibit A, CY2022-2024) are an image-based exhibit not present in the extracted text.
- RISKVerdict B (Above average), verdict score 51/100 (higher is better).
- FLAG4 units terminated last reporting year (5.6% of the system). Ask existing franchisees why.
Item 1 · who you're contracting with
The Franchisor
Corporate structure & franchisor financials
- Legal entity
- JPAR Franchising, LLC
- Parent company
- Cairn JPAR Holdings, LLC
- Ultimate parent
- Cairn Real Estate Holdings, LLC
- CEO title
- CEO; Chairman of Cairn JPAR Holdings, LLC
- Richard Davidson
- Incorporated in
- TX
- HQ
- 5045 Lorimar Dr, Ste 180, Plano, Texas 75093
- Auditor
- Bober Markey Fedorovich & Company
- Audited financials
- Franchisor revenue
- $2.1M
- vs $2.1M prior year
Overview
About
- CEO
- Richard Davidson
- Headquarters
- TX
- Founded
- 2018
- FDD year
- 2025
- States available
- 24
Can you afford it, and what does the money buy?
Entry cost runs 41% below the typical real estate franchise.
Source: FDD 2025 · Items 5–7
FDD Item 7 · 2025 filing
Initial investment breakdown
| Cost component | Low | High |
|---|---|---|
| Initial franchise fee | $6K | $6K |
| Working capital (3–6 mo) | $4K | $40K |
| Equipment, build-out, other | $8K | $189K |
| Total initial investment | $18K | $235K |
Source: JPAR - Real Estate 2025 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
- $18K – $235K
- Top 40% of category vs category
- Liquid capital req'd
- $4K – $40K
- Top 40% of category vs category
- Franchise fee
- $6K – $28K
- Top 40% of category vs category
- Royalty
- Flat transaction fee: GROW Program $150-$175 per transact…
- Ad fund
- Marketing Fund not currently collected; when established,…
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Transfer fee | $5K |
| Renewal fee | $5K |
| Inventory (initial) | $500 – $3K |
ROI & LBO modelsSingle-unit · 25-unit portfolio · editable
JPAR - Real Estate did not disclose financial performance in FDD Item 19. The ROIC and return models require Item 19 revenue. Without it all inputs are estimates. You can still run the calculator with your own assumptions by entering an expected revenue figure.
Returns model · single-unit ROIC
What would one JPAR - Real Estate unit return on the cash you put in?
Unlevered ROIC · per unit
Estimated return on your total franchise investment, before any debt financing.
71%
Above the 30–60% band. Verify revenue is per-unit average
These models are for research and scenario planning only. Not investment advice. Actual results depend on your specific location, management, and market conditions. Consult a franchise attorney and accountant before signing any franchise agreement.
Item 19 · Source: 2025 FDD
Financial Performance
FY2024 total revenues of $2,088,334 disclosed in Item 6; $37,232 (1.8%) was revenue from products/services purchased by franchisees. Audited financial statements (Exhibit A, CY2022-2024) are an image-based exhibit not present in the extracted text.
Operator outlook
What the numbers say
Data-driven interpretation of this brand's financial disclosures, fee structure, and system trajectory.
Disclosure
Franchisor chose not to disclose financial performance representations. You will need to gather unit economics directly from existing franchisees.
Operator retention
System expanding at 7.0% CAGR over 3 years across 72 units — operators are staying and new ones are joining.
Source: FDD Item 19 financial performance representations and publicly filed FDD data. Past performance is not indicative of future results. Verify all figures with the franchisor and current franchisees before making any investment decision.
vs Real Estate averages
How JPAR - Real Estate Compares
Is the system healthy?
Source: FDD 2025 · Item 20
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 72
- Opened
- 5
- Last reporting year
- Closed
- 0
- Terminated
- 4
- Franchisor ended the franchise (per Item 20)
- Non-renewed
- 0
- Term expired, not renewed (per Item 20)
- Turnover rate
- 30.4%
- Company-owned
- 26
- Corporate units in the system
- % franchised
- 64%
- vs corporate-owned
- Net growth (3-yr)
- +7.0%
- Net unit change over 3 years
- 3-yr CAGR
- +7.0%
- Compounded over last 3 years
3-year detail · Item 20
- Opened (3yr)
- 25
- Closed (3yr)
- 4
- Terminated (3yr)
- 10
- Non-renewed (3yr)
- 0
- Transfers (3yr)
- 3
- Reacquired (3yr)
- 1
- Franchisor bought back
- Termination rate
- 8.9%
- Franchisor-initiated terminations
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 28 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.
What could kill this investment?
Source: SBA 7(a) FOIA · FDD Items 3, 21
Risk analysis
FranchiseVerdict rating + FDD Items 3, 4, 8, 16, 21
Risk & Legal
JPAR presents elevated risk due to stagnant growth, undisclosed profitability metrics, active antitrust litigation against its affiliate, unprotected territory, and regulatory compliance concerns—unsuitable for investors seeking established, transparent franchises.
Litigation (Item 3)
Indiana admin order for franchise sale after registration expired ($1,500 penalty). Three affiliate antitrust cases (JPPRES as co-defendant with Texas Association of Realtors and others re: commission rules). Settlement executed pending final court approval.
Largest disclosed settlement: $1,500
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Bober Markey Fedorovich & Company
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Supplier relationship · Items 8 & 16
- Franchisor sells you products: No
- Must buy proprietary products: No
- Restricted to system-approved products: Yes
Score breakdown · what drove the 51 / 100 verdict
- 01MINORStagnant unit growth (2.2% YoY) suggests market saturation or franchisee dissatisfaction in a 72-unit system
- 02MEDThree active class-action antitrust lawsuits against affiliate regarding commission practices create legal and reputational risk
- 03MEDNo average revenue or net income disclosure (missing Item 19) prevents assessment of franchisee profitability
- 04MINORPer-transaction royalty model ($150-$220) creates unpredictable income and incentivizes high-volume commodity sales over quality
- 05MINORUnprotected territory exposes franchisees to direct competition from other JPAR franchisees and corporate-owned locations
- 06HIGHGoing concern notation indicates potential financial instability at franchisor level
- 07MINORIndiana administrative order suggests compliance or regulatory issues with franchise registration/operations
Severity inferred from the FDD text · not a regulatory classification
What are you signing up for?
Source: FDD 2025 · Items 11, 12, 17
FDD Items 12, 15, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 3 years |
|---|---|
| Renewal term | 10 years |
| Territory type | none |
| Protected territory | No |
| Exclusive territoryℹ | No |
| Online sales rightsℹ | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Required |
| Non-compete (miles)ℹ | 25 mi |
| Right of first refusalℹ | Yes |
| Transfer requires consent | Yes |
| Termination notice | 30 days |
| Curable defaultsℹ | 2 |
| Mandatory arbitration | No |
| Arbitration location | Texas (Collin County) |
| Jury trial waiver | Yes |
| Governing law | TX |
| Litigation count | 4 |
View Item 3 litigation summary
Indiana admin order for franchise sale after registration expired ($1,500 penalty). Three affiliate antitrust cases (JPPRES as co-defendant with Texas Association of Realtors and others re: commission rules). Settlement executed pending final court approval.
Items 10, 11
Training & Operations
- Classroom training
- 23 hrs
- On-the-job training
- 0 hrs
- Training location
- Phone/Webinar or In Person at HQ (Plano, Texas)
- Ongoing training
- Required
- Site selection
- Franchisee (subject to franchisor approval)
- Franchisor financing
- Not offered
- Item 10
- POS system
- Dotloop and Moxi Balance
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: Dotloop and Moxi Balance
Item 20 · call current owners
Franchisee Contacts
41 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
JPAR - Real Estate · FDD (2025) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a JPAR - Real Estate franchise?
The total investment to open a JPAR - Real Estate franchise ranges from $18K – $235K, with an initial franchise fee of $6K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do JPAR - Real Estate franchise owners earn?
JPAR - Real Estate 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 Item 19 in the JPAR - Real Estate FDD?
The FDD section where a franchisor may disclose financial performance of its outlets. Disclosure is optional and formats vary; figures are typically gross sales, which is revenue before expenses, not profit. FranchiseVerdict extracts these figures directly from the JPAR - Real Estate FDD and qualifies whose outlets they describe.
What is JPAR - Real Estate's franchise failure rate?
SBA 7(a) loan charge-off data is not available for JPAR - 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 JPAR - Real Estate franchise locations are there?
As of their most recent FDD filing, JPAR - Real Estate has 72 total units in the United States, including 46 franchised units and 26 company-owned units. 5 new units were opened in the latest reporting year.
Is JPAR - Real Estate a good franchise to buy?
FranchiseVerdict rates JPAR - Real Estate as a B-grade franchise with a verdict score of 51 out of 100 (higher is better), 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
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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.