Legacy Claims ServicesFranchise Cost, Revenue & Review 2026
Data from FDD filing
FranchiseVerdict summary · 2026
A LEGACY CLAIMS SERVICES franchise requires a total initial investment of $68K – $138K, including a $50K franchise fee. The 2025 FDD does not disclose unit-level revenue (no Item 19). Verdict grade: B. Run a live ROI scan →
Data last verified June 18, 2026 · figures per the 2025 FDD issuance
Overview
- Investment
- $68K – $138K
- 33rd pct Financial Ser…
- Avg gross sales
- N/A
- 30th pct Financial Ser…
- Royalty
- N/A
- Units
- 42
- 32nd pct Financial Ser…
- SBA default
- N/A
Quick verdict · Financial Services · color = vs category peers
Green = >15% above Financial 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
Started franchising in 2023. Newer systems carry more uncertainty but may offer better territories.
The system grew 41% year-over-year. Fast growth means demand, but can strain support.
The franchisor's auditor raised doubt about continued operations. This is a serious risk signal.
Bottom line
- Total investment $68K – $138K including a $50K franchise fee.
- No Item 19 financial performance data disclosed. The franchisor chose not to publish revenue figures.
- Verdict B (Above Average) with a risk score of 54/100.
- Auditor disclosed a going-concern note, which flagged doubt about the franchisor's ability to continue operations. Verify against the latest FDD.
Item 1 · who you're contracting with
The Franchisor
- Legal entity
- Legacy Franchise Company, LLC
- Incorporated in
- TX
- HQ
- 5550 Granite Parkway, Suite 195, Plano, Texas 75024
- Auditor
- A+G LLP
- Audited financials
- Franchisor revenue
- $1.7M
- vs $5.7M prior year
- ⚠ Going-concern note
- Disclosed in FDD 2025
- Auditor flagged doubt about continued operations. Verify against the latest FDD before deciding.
Affiliated brands
- Legacy Claims Service
Other brands the franchisor or its parent operates (Item 1).
Overview
About
Legacy Claims Services franchisees operate as claims processing and recovery specialists, handling property damage claims, insurance disputes, and settlement negotiations on behalf of clients. Day-to-day activities include case intake, documentation review, client communication, regulatory compliance, and claims settlement negotiations with insurers and third parties.
- CEO
- Patrick Wright
- Headquarters
- TX
- Founded
- 2023
- FDD year
- 2025
- States available
- 12
FDD Item 7 · 2025 filing
Initial investment breakdown
| Cost component | Low | High |
|---|---|---|
| Initial franchise fee | $50K | $50K |
| Working capital (3–6 mo) | $10K | $20K |
| Equipment, build-out, other | $8K | $68K |
| Total initial investment | $68K | $138K |
Source: LEGACY CLAIMS SERVICES 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
- $68K – $138K
- Better than avg vs category
- Liquid capital req'd
- $10K – $20K
- Near category avg vs category
- Franchise fee
- $50K – $50K
- Near category avg vs category
- Royalty
- Greater of 15% of Gross Revenue or minimum monthly fee ($…
- Ad fund
- 3.0%
- typical 3–5%
- Total fee load
- 20.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Marketing / ad fund | 3.0% of gross sales |
| Technology fee | $2 |
| Transfer fee | $10K |
| Renewal fee | $5K |
| Total fee load | 20.0% of rev |
Financial Performance
This franchisor did not disclose financial performance representations in Item 19, or our extractor could not parse them.
vs Financial Services averages
How Legacy Claims Services Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 42
- Opened
- 12
- Last reporting year
- Closed
- 0
- Turnover rate
- 0.0%
- Company-owned
- 1
- Corporate units in the system
- % franchised
- 98%
- vs corporate-owned
- Net growth (yr3)
- +41.4%
- Net unit change last year
3-year detail · Item 20
- Opened (3yr)
- 12
- Closed (3yr)
- 0
- Terminated (3yr)
- 0
- Non-renewed (3yr)
- 0
- Transfers (3yr)
- 0
- Reacquired (3yr)
- 0
- Franchisor bought back
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 8 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.
Available to sell in · Item 12
- California
- Virginia
States where the franchisor is registered to sell new franchises (FDD registration filings).
Fast growth in a small system. Newer franchisors expanding quickly may not yet have the support infrastructure of larger systems.
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
Legacy Claims Services presents a CAUTION-level risk profile due to absent financial disclosure, unprotected territory, aggressive royalty structure, and rapid growth without demonstrated unit-level profitability.
Litigation (Item 3)
0 case reference(s): 0 pending, 0 settled.
Largest disclosed settlement: $49,900
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · A+G LLP⚠ Going-concern note flagged
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: No
Score breakdown · what drove the 54 / 100 rating
- 01MEDFinancial performance metrics (avg revenue and net income) not disclosed in FDD Item 19 — unable to validate ROI claims
- 02MINORUnprotected territory creates direct competition risk; with 42 units and 41.4% YoY growth, market saturation is a genuine concern
- 03MINORHigh royalty structure (15% of gross revenue OR $0-$3,000 minimum) is aggressive and unprofitable during startup phase
- 04MINORFranchise fee ($49,900) represents 73-74% of total investment floor, leaving minimal working capital for franchisees
- 05MEDRapid unit growth (41.4% YoY) without disclosed financial performance suggests possible recruitment-driven model rather than organic profitability
- 06MINORSmall system size (42 units) limits brand recognition and marketing leverage compared to established competitors
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 |
| Allowed renewalsℹ | 2 |
| Territory type | MSA/ZIP codes/Boundaries |
| Protected territory | No |
| Territory sizeℹ | 100,000 people |
| 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 |
| Termination groundsℹ | 2 |
| Curable defaultsℹ | 2 |
| Mandatory arbitration | Yes |
| Jury trial waiver | Yes |
| Governing law | Texas |
| Litigation count | 0 |
View Item 3 litigation summary
0 case reference(s): 0 pending, 0 settled.
Items 10, 11
Training & Operations
- Classroom training
- 21 hrs
- On-the-job training
- 27 hrs
- Training location
- On-site and corporate
- Franchisor financing
- Offered
- Item 10
- POS system
- QuickBooks, Claim Leader, Xactimate, Adjustrite, CCC
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: QuickBooks, Claim Leader, Xactimate, Adjustrite, CCC
Item 20 · call current owners
Franchisee Contacts
11 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
LEGACY CLAIMS SERVICES · FDD (2025) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a LEGACY CLAIMS SERVICES franchise?
The total investment to open a LEGACY CLAIMS SERVICES franchise ranges from $68K – $138K, with an initial franchise fee of $50K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do LEGACY CLAIMS SERVICES franchise owners earn?
LEGACY CLAIMS SERVICES 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 LEGACY CLAIMS SERVICES's franchise failure rate?
SBA 7(a) loan charge-off data is not available for LEGACY CLAIMS SERVICES (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 LEGACY CLAIMS SERVICES franchise locations are there?
As of their most recent FDD filing, LEGACY CLAIMS SERVICES has 42 total units in the United States, including 0 franchised units and 1 company-owned units. 12 new units were opened in the latest reporting year.
Is LEGACY CLAIMS SERVICES a good franchise to buy?
FranchiseVerdict rates LEGACY CLAIMS SERVICES as a B-grade franchise with a risk score of 54 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
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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.