JPAR - Real Estate Franchise Cost, Revenue & Review 2026
- Investment
- $18K – $235K
- Disclosed sales
- not disclosed
- SBA charge-off
- Not SBA-matched
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. This franchisor makes no financial performance representation in Item 19 of its FDD. Item 19 is voluntary under the FTC Franchise Rule, and this filing states that it makes none, so no revenue or earnings figures are disclosed. Declining to publish one is lawful and is not evidence of how the outlets perform. It does mean that less about this brand can be verified from its filing, and the FranchiseVerdict grade - an editorial assessment, not investment advice - reflects that. FranchiseVerdict grade: B (Above average), an editorial assessment, not investment advice. Run a live ROI scan →
Sources, dates and evidence
FDD issued: · Data extracted: · Last cited check: · Staleness risk: medium - issued 12 to 24 months ago; a newer filing is likely on file
Evidence: strong✓ Investment (Item 7)✓ Item 19 status✓ Units and owners (Item 20)✗ SBA loan coverage✓ Litigation (Item 3)✓ Financial statements (Item 21)✓ Franchisor identityhow this is scored3 of 3 headline figures on this page cite a page of the filing.
Overview
- Investment
- $18K – $235K
- 7th pct Real Estate
- Avg gross sales
- N/A
- Royalty
- Flat fee
- Units
- 69
- 43rd pct Real Estate
- SBA charge-off
- N/A
Quick verdict · Real Estate · color = vs category peers
Green = favorable by >10% vs Real Estate median · 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.
- RETURNSThis franchisor makes no financial performance representation in Item 19 of its FDD. Item 19 is voluntary under the FTC Franchise Rule, and this filing states that it makes none, so no revenue or earnings figures are disclosed. Declining to publish one is lawful and is not evidence of how the outlets perform. It does mean that less about this brand can be verified from its filing, and the FranchiseVerdict grade - an editorial assessment, not investment advice - reflects that.
- RISKVerdict B (Above average), verdict score 51/100 (higher is better).
- GROWTHNegative: net -3 franchised outlets in the latest year (5 opened, 0 closed); 4 signed but not yet open (Item 20).
- FLAG4 units terminated last reporting year (5.8% 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
- FDD Item 1, page 7 of the 2025 FDD
- Ultimate parent
- Cairn Real Estate Holdings, LLC
- FDD Item 1, page 7 of the 2025 FDD
- 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 is about typical for a real estate franchise (near the category median).
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 makes no financial performance representation in Item 19 of its FDD - a voluntary item under the FTC Franchise Rule - so no unit revenue figures are disclosed. The return models need a revenue figure to start from, and the operating costs that turn gross sales into a profit are in no FDD. Enter your own and the calculator runs on your assumptions — nothing here is modelled until you do.
Returns model · single-unit ROIC
What would one JPAR - Real Estate unit return on the cash you put in?
Illustrative category typicals — not sourced to any filing, survey or sample. Replace them with figures from franchisee validation calls before you rely on the output.
Unlevered ROIC · per unit
Your modelled return on total invested capital, before any debt financing.
—
An FDD discloses gross sales, not profit. We hold no sourced figure for annual revenue, royalty rate, ad fund rate, COGS, labour, rent / occupancy and other operating costs, and will not substitute an assumed one. Enter your own and the model runs on your assumptions.
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
No financial performance representation
This franchisor makes no financial performance representation in Item 19 of its FDD. Item 19 is voluntary under the FTC Franchise Rule, and this filing states that it makes none, so no revenue or earnings figures are disclosed. Declining to publish one is lawful and is not evidence of how the outlets perform. It does mean that less about this brand can be verified from its filing, and the FranchiseVerdict grade - an editorial assessment, not investment advice - reflects that.
Item 20 of the FDD lists current and former franchisees; asking them directly is the standard way to fill this gap.
Operator outlook
What the numbers say
Data-driven interpretation of this brand's financial disclosures, fee structure, and system trajectory.
Disclosure
This franchisor makes no financial performance representation in Item 19 of its FDD. Item 19 is voluntary under the FTC Franchise Rule, and this filing states that it makes none, so no revenue or earnings figures are disclosed. Declining to publish one is lawful and is not evidence of how the outlets perform. It does mean that less about this brand can be verified from its filing, and the FranchiseVerdict grade - an editorial assessment, not investment advice - reflects that. Item 20 of the FDD lists current and former franchisees; asking them directly is the standard way to fill this gap.
Operator retention
System expanding at 7.0% CAGR over 3 years across 69 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 medians
How JPAR - Real Estate Compares
Category median of published Real Estate brands that report the figure; the middle half spans the 25th to 75th percentile and n counts the brands behind it. Medians are used because a few very large systems pull an average far from the typical brand. Revenue is disclosed gross sales, not profit.
Is the system healthy?
Source: FDD 2025 · Item 20
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 69
- 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
Last fiscal year · Item 20 exits and transfers
- Terminated
- 4
- Not renewed
- 0
- Transferred
- 1
- Reacquired
- 0
- Franchisor bought back
- Signed, not yet open
- 4
- 0.06 per open outlet · Item 20 Table 5
- Projected new
- 3
- Franchisor's next-year forecast
- 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.
Where the owners are · Item 20 owner list
35 current owners across 25 states; 6 former (terminated, transferred or not renewed) listed separately.
- MD 4
- FL 3
- AL 2
- CA 2
- CO 2
- LA 2
- NC 2
- AZ 1
- ID 1
- IN 1
- KS 1
- MA 1
- +13 more states
Counts only, from the list the franchisor prints in Item 20. Names and phone numbers are for your own due diligence and are not shown here.
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.
Why this reads harsher than the B grade: the grade weighs financial health, unit economics, unit growth, scale, legal, and transparency across the whole filing, while this summary lists individual flags without that weighting. The flags are worth checking with current owners; neither is investment advice.
Litigation (Item 3)
Subject: the franchisor is a named party (defendant).
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.
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Bober Markey Fedorovich & Company
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
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.
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
- 06MINORIndiana 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 | No territory protection |
| 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
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 makes no financial performance representation in Item 19 of its FDD - a voluntary item under the FTC Franchise Rule - so no unit revenue figures are disclosed. Declining to publish one is lawful and is not evidence of how the outlets perform. It does mean that less about this brand can be verified from its filing, and the FranchiseVerdict grade - an editorial assessment, not investment advice - reflects that. Item 20 of the FDD lists current and former franchisees; asking them directly is the standard way to fill this gap.
Who owns JPAR - Real Estate?
JPAR - Real Estate is franchised by JPAR Franchising, LLC. Its parent company is Cairn JPAR Holdings, LLC. The ultimate parent named in the FDD is Cairn Real Estate Holdings, LLC. Source: FDD Item 1, 2025 filing.
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 69 total units in the United States, including 43 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). The grade is a deterministic score built from six weighted dimensions — financial health, unit economics, unit growth, scale, legal, and transparency — then calibrated against SBA loan charge-off rates and FDD age. Transparency is one of the six, so a filing that discloses less scores lower on that dimension than one that discloses more. 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.