Legacy Claims Services Franchise Cost, Revenue & Review 2026
Data from FDD filing
Analysis by FranchiseVerdict Research · Methodology
Legacy Claims Services is a public adjusting franchise that represents policyholders in property insurance claims. Franchisees run local operations, managing claim documentation, client advocacy, and settlement negotiations with insurers.
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). 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
- $68K – $138K
- 41st pct Financial Ser…
- Avg gross sales
- N/A
- Royalty
- N/A
- Units
- 42
- 39th pct Financial Ser…
- SBA charge-off
- N/A
Quick verdict · Financial Services · color = vs category peers
Green = favorable by >10% vs Financial Services 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 $68K – $138K including a $50K franchise fee.
- RETURNSAudited statements as of Dec 31, 2024 and 2023; company in business less than 3 years (inception Jan 30, 2023). 2024 total revenues $5,722,978 includes insurance revenue $4,381,836 (offset by equal insurance fee expense), royalty $862,330, marketing fee $91,746, franchise fee $36,935, other $350,131.
- RISKVerdict B (Above average), verdict score 55/100 (higher is better).
- DATANo 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
Corporate structure & franchisor financials
- Legal entity
- Legacy Franchise Company, LLC
- CEO title
- Chief Executive Officer
- Patrick Wright
- Incorporated in
- TX
- HQ
- 5550 Granite Parkway, Suite 195, Plano, Texas 75024
- Auditor
- AG LLP CPA (Dallas, TX)
- Audited financials
- Franchisor revenue
- $5.7M
- vs $1.7M prior year
Affiliated brands
- Legacy Claims Service
Other brands the franchisor or its parent operates (Item 1).
Overview
About
- CEO
- Patrick Wright
- Headquarters
- TX
- Founded
- 2023
- FDD year
- 2025
- States available
- 12
Can you afford it, and what does the money buy?
Entry cost runs 21% below the typical financial services franchise.
Source: FDD 2025 · Items 5–7
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
- Middle of category vs category
- Liquid capital req'd
- $10K – $20K
- Middle of category vs category
- Franchise fee
- $50K – $50K
- Middle of category vs category
- Royalty
- Greater of: (i) 15% of Gross Revenue per month, or (ii) m…
- 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 |
ROI & LBO modelsSingle-unit · 25-unit portfolio · editable
LEGACY CLAIMS SERVICES 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 LEGACY CLAIMS SERVICES unit return on the cash you put in?
Unlevered ROIC · per unit
Estimated return on your total franchise investment, before any debt financing.
89%
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
Audited statements as of Dec 31, 2024 and 2023; company in business less than 3 years (inception Jan 30, 2023). 2024 total revenues $5,722,978 includes insurance revenue $4,381,836 (offset by equal insurance fee expense), royalty $862,330, marketing fee $91,746, franchise fee $36,935, other $350,131.
Operator outlook
What the numbers say
Data-driven interpretation of this brand's financial disclosures, fee structure, and system trajectory.
Fee burden
Total ongoing fee load of 20.0% — above the Financial Services average of 17.0%.
Disclosure
Franchisor chose not to disclose financial performance representations. You will need to gather unit economics directly from existing franchisees.
Operator retention
Net unit growth of +41.4% over 3 years (12 opened, 0 closed).
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 Financial Services averages
How Legacy Claims Services Compares
Is the system healthy?
Source: FDD 2025 · Item 20
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 42
- Opened
- 12
- Last reporting year
- Closed
- 0
- Terminated
- 0
- Franchisor ended the franchise (per Item 20)
- Non-renewed
- 0
- Term expired, not renewed (per Item 20)
- Turnover rate
- 0.0%
- Company-owned
- 1
- Corporate units in the system
- % franchised
- 98%
- vs corporate-owned
- Net growth (3-yr)
- +41.4%
- Net unit change over 3 years
3-year detail · Item 20
- Opened (3yr)
- 29
- 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.
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
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)
No litigation required to be disclosed
Largest disclosed settlement: $49,900
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · AG LLP CPA (Dallas, TX)
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Supplier relationship · Items 8 & 16
- Franchisor sells you products: No
- Kickbacks from required suppliers: No
- Must buy proprietary products: No
- Restricted to system-approved products: Yes
- Can negotiate own supplier terms: No
Score breakdown · what drove the 55 / 100 verdict
- 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
What are you signing up for?
Ongoing fees run about 20.0% of sales (royalty + ad fund), before rent and labor.
Source: FDD 2025 · Items 11, 12, 17
FDD Items 12, 15, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 5 years |
|---|---|
| Renewal term | 5 years |
| Allowed renewalsℹ | 2 |
| Territory type | protected |
| Protected territory | No |
| Exclusive territoryℹ | No |
| Territory population | 100,000 |
| Online sales rightsℹ | Granted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Required |
| Non-compete (years)ℹ | 2 years |
| Non-compete (miles)ℹ | 25 mi |
| Right of first refusalℹ | Yes |
| Transfer requires consent | Yes |
| Termination notice | 10 days |
| Termination groundsℹ | 2 |
| Curable defaultsℹ | 2 |
| Mandatory arbitration | Yes |
| Arbitration location | Plano, Texas |
| Jury trial waiver | No |
| Governing law | TX |
| Litigation count | 0 |
View Item 3 litigation summary
No litigation required to be disclosed
Items 10, 11
Training & Operations
- Classroom training
- 21 hrs
- On-the-job training
- 27 hrs
- Training location
- Birmingham, Alabama or another location designated by franchisor
- Ongoing training
- Required
- Time to open
- 3 mo
- From signing to launch
- 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 Item 19 in the LEGACY CLAIMS SERVICES 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 LEGACY CLAIMS SERVICES FDD and qualifies whose outlets they describe.
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 41 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 verdict score of 55 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.