Money Pages Franchise Cost, Revenue & Review 2026
- Investment
- $109K – $259K
- Disclosed sales
- $325K
- gross sales, not profit
- SBA charge-off
- Under 10 loans (3)
Data from FDD filing + SBA 7(a) records
Analysis by FranchiseVerdict Research · Methodology
Money Pages is a local advertising franchise publishing direct-mail and digital coupon magazines for area businesses. Franchisees run local operations, selling advertising and managing content and distribution.
FranchiseVerdict summary · 2026
A Money Pages franchise requires a total initial investment of $109K – $259K, including a $50K – $100K franchise fee. Per the 2025 FDD, average revenue per territory was $325K. This franchisor reports Item 19 per territory rather than per outlet, so the figure is not comparable with per-outlet averages[2]. FranchiseVerdict grade: D (Below 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 scored6 of 6 headline figures on this page cite a page of the filing.
Overview
- Investment
- $109K – $259K
- 37th pct Business Serv…
- Avg gross sales
- $325K
- Per territory, not per outlet
- Royalty
- Flat fee
- Units
- 28
- 27th pct Business Serv…
- SBA charge-off
- N/A
Quick verdict · Business Services · color = vs category peers
Green = favorable by >10% vs Business Services 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 $109K – $259K including a $50K franchise fee.
- RETURNSAverage revenue per territory of $325K/year (median $329K). Averaged per territory, not per outlet - not comparable with per-outlet figures.
- RISKVerdict D (Below average), verdict score 34/100 (higher is better).
- GROWTHNegative: net -1 franchised outlets in the latest year (2 opened, 3 closed); 8 signed but not yet open (Item 20).
- FLAG3 units terminated last reporting year (10.7% of the system). Ask existing franchisees why.
Item 1 · who you're contracting with
The Franchisor
Corporate structure & franchisor financials
- Legal entity
- Money Pages Franchising Group, LLC
- Ultimate parent
- Money Pages Holdings, LLC
- FDD Item 1, page 6 of the 2025 FDD
- Predecessor
- or parent
- Prior franchisor entity
- CEO title
- President and Chief Executive Officer
- Bruce (Alan) Worley
- CEO experience
- 23 yrs
- Years in role or industry
- Incorporated in
- FL
- HQ
- 7892 Baymeadows Way, Jacksonville, Florida 32256
- Auditor
- Pivot CPAs (Ponte Vedra Beach, Florida)
- Audited financials
- Franchisor revenue
- $2.9M
- vs $3.0M prior year
- Management churn noted
- Frequent turnover
- Item 2 disclosed frequent executive changes
Affiliated brands
- Money Pages of Florida
- Money Pages Holdings
Other brands the franchisor or its parent operates (Item 1).
Overview
About
- CEO
- Bruce (Alan) Worley
- Headquarters
- FL
- Founded
- 2012
- FDD year
- 2025
- States available
- 6
Can you afford it, and what does the money buy?
Entry cost runs 38% above the typical business services franchise.
Source: FDD 2025 · Items 5–7
Full Item 7 breakdown14 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| Initial Franchise Feenot refundable | $50K | $100K | |
| Lease, Utility and Security Depositsnot refundable | $0 | $3K | |
| Leasehold Improvementsnot refundable | $0 | $3K | |
| Signagenot refundable | $100 | $2K | |
| Furniture and Fixturesnot refundable | $0 | $3K | |
| Computers and Softwarenot refundable | $1K | $4K | |
| Office Equipmentnot refundable | $0 | $2K | |
| Office Supplies and Inventorynot refundable | $0 | $2K | |
| Business Licenses and Permitsnot refundable | $250 | $500 | |
| Professional Feesnot refundable | $500 | $3K | |
| Insurance (premium for a 3-month period)not refundable | $350 | $500 | |
| Grand Opening Marketingnot refundable | $6K | $36K | |
| Training Expensesnot refundable | $1K | $3K | |
| Additional Funds (first 3 months)not refundable | $50K | $100K | |
| Total initial investment | $109K | $259K |
Line items extracted from FDD Item 7. Ranges reflect the franchisor's stated low and high per line. Total is the sum of line-item lows / highs — actual costs may fall outside this range depending on market and build-out scope.
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $109K – $259K
- Top 40% of category vs category
- Liquid capital req'd
- $50K – $100K
- Middle of category vs category
- Franchise fee
- $50K – $100K
- Top 40% of category vs category
- Royalty
- $3,000 per Monthly Magazine per mailing zone (circulation…
- Ad fund
- $250 per mailing zone per month (flat fee); subject to an…
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty (flat) | $3,000 per Monthly Magazine with a circulation of 35,000 or fewer households per mailing zone per month |
| Technology fee | $250 |
| Transfer fee | $30 |
| Renewal fee | $2K |
| Inventory (initial) | $0 – $2K |
What do units actually make?
Average unit sales run 53% below the business services norm.
Averaged per territory, not per outlet - not comparable with per-outlet figures
Source: FDD 2025 · Item 19
Single-unit · not modelled
Returns at a glance
An FDD discloses gross sales, not profit, and the operating costs that turn one into the other are in no filing. We publish no modelled return for Money Pages until someone supplies them — yours, in the models below.
—
Not modelled yet
An FDD discloses gross sales, not profit. We hold no sourced figure for 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.
Total invested capital · disclosed
$259K
Item 7 initial investment plus working capital, as filed — the one figure here that needs no assumption.
ROI & LBO modelsSingle-unit · 25-unit portfolio · editable
What one unit earns on your invested capital
Model A · Single-Unit Return
Computes unlevered return on invested capital (ROIC) for a single franchise unit, read against the 30–60% reference band · Yale SOM, Post-MBA Path Exhibit 2 (2023). Below that band a passive index fund likely outperforms; above it the franchisor has pricing power you're subsidizing.
Note: Item 19 revenue is what the franchisor discloses, and it is the top line only — gross sales are not profit. No FDD discloses the operating costs that turn one into the other, so those fields start empty and nothing is modelled until you supply them from your own lease quote, labor market and build-out budget.
Returns model · single-unit ROIC
What would one Money Pages 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 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.
What 25 units return when you use SBA financing
Model B · Return on Equity: Debt-Financed Acquisition
Models a 25-unit portfolio acquisition financed with an SBA 7(a) loan. Shows equity IRR (your return on cash invested), DSCR (how safely the cash flow covers debt service), and the capital stack (SBA + seller + equity breakdown).
This is the “search fund” or “entrepreneurship through acquisition” scenario: you buy an existing multi-unit operator, use leverage to amplify returns, and either operate or hire management. The 25-unit size is the typical minimum for an SBA-backed franchise portfolio acquisition to pencil as a full-time income.
What “return on equity” means here: if you put in $500K of your own cash and the business generates enough EBITDA to pay down debt and grow, your equity IRR is the annual return on that $500K, including the value created when you eventually sell. Target IRR for a search fund is typically 25–35%.
Not modelled yet
An FDD discloses gross sales, not profit. We hold no sourced figure for 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.
A 25-unit return is built on a per-unit EBITDA. Fill in the operating costs in Model A above and this model runs on that figure, or take the whole scenario to the full ROI workbench, where the portfolio and LBO models accept your own per-unit economics directly.
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
Averaged per territory, not per outlet - not comparable with per-outlet figures
- Avg gross sales
- $325K
- Per territory, per year — not per outlet
- Median gross sales
- $329K
- Per territory, not per outlet
Gross sales are revenue before expenses — not profit. Actual owner earnings depend on rent, labor, royalties, marketing fees, and debt service.
- Item 19 type
- gross sales and gross profit
- Sample size
- 10 territories
- vs category median 37 · small
- Range (low → high)
- $161K→$524KCited, not corroborated — printed on page 41 of the 2025 FDD. Nothing else in our record independently restates or re-derives it.
- Cohort dispersion (min → max)
- Reporting year
- 2024
- Fiscal year the figures cover
- Source filing
- FDD 2025
- Disclosed in the 2025 filing, covering 2024
- Transparency
- 1 / 10
- vs category median 3 / 10 · below
Compared against 296 Business Services brands
Operator outlook
What the numbers say
Data-driven interpretation of this brand's financial disclosures, fee structure, and system trajectory.
Unit economics
The average territory generates $325K/year in gross sales.
Disclosure
Transparency score 1/10 — minimal disclosure beyond the required average. Hard to judge the distribution of outcomes across units.
Operator retention
System contracting at -13.3% CAGR over 3 years. Investigate whether closures are franchisor-driven consolidation or franchisee exits.
Multi-unit rate
Only 1% of franchisees own multiple units. Could indicate challenging economics or a young system where operators haven't had time to expand.
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 Business Services medians
How Money Pages Compares
Per territory, not per outlet - the category median is per-outlet only, so no comparison is shown
Category median of published Business Services 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
- 28
- Opened
- 2
- Last reporting year
- Closed
- 3
- Terminated
- 3
- Franchisor ended the franchise (per Item 20)
- Non-renewed
- 0
- Term expired, not renewed (per Item 20)
- Turnover rate
- 53.8%
- Company-owned
- 15
- Corporate units in the system
- % franchised
- 46%
- vs corporate-owned
- Multi-unit owners
- 1.0%
- Net growth (3-yr)
- -13.3%
- Net unit change over 3 years
- 3-yr CAGR
- -13.3%
- Compounded over last 3 years
Last fiscal year · Item 20 exits and transfers
- Terminated
- 3
- Not renewed
- 0
- Transferred
- 0
- Reacquired
- 0
- Franchisor bought back
- Signed, not yet open
- 8
- 0.29 per open outlet · Item 20 Table 5
- Projected new
- 3
- Franchisor's next-year forecast
- Termination rate
- 10.7%
- Franchisor-initiated terminations
- Ceased ops
- 10.7%
- Units that stopped operating
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 3 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
5 current owners across 3 states.
- FL 2
- GA 2
- TN 1
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 loan disclosures. This brand has only 3 7(a) loans on file; statistical reliability is limited below 10 loans.
- Total loans
- 3
- Loan volume
- $340K
- Median loan
- $100K
- 50th percentile
- Charge-off rate
- Under 10 loans (3)
- Insufficient SBA coverage: 3 loans, rate hidden below 10
Historical SBA 7(a) lending data, not predictive of future performance. How SBA charge-off rates are calculated
- Repayment rate (PIF)
- Under 10 loans (3)
- 5-yr charge-off
- Under 10 loans (3)
- Loans approved 2021+
- Active lenders
- 1
- Defaults
- N/A
Explore lender portfolios on Bank Reports or regional data on State Reports.
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
Litigation (Item 3)
Subject: officers or affiliates. The franchisor is not a named party in these cases.
No litigation must be disclosed in Item 3.
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Pivot CPAs (Ponte Vedra Beach, Florida)
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Supplier relationship · Items 8 & 16
- Franchisor sells you products: Yes
- Kickbacks from required suppliers: Yes
- Must buy proprietary products: Yes
- Restricted to system-approved products: Yes
- Can negotiate own supplier terms: No
Score breakdown · what drove the 34 / 100 verdict
- 01MEDUnit count declined 7.1% YoY (28 units is critically small system size)
- 02MEDHigh fixed monthly royalty ($3,000/month = $36,000/year) with undisclosed revenue creates unsustainable burden
- 03MEDFranchise fee ($50,000) represents 46-45% of total investment floor with no disclosed breakeven timeline
- 04MINOR7-year term is long commitment in declining system with no performance benchmarks provided
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 | 7 years |
|---|---|
| Renewal term | 5 years |
| Allowed renewalsℹ | 3 |
| Territory type | No territory protection |
| Protected territory | No |
| Exclusive territoryℹ | No |
| Territory population | 70,000 |
| Online sales rightsℹ | Granted |
| Franchisor can compete | Yes |
| Hire a manager? | Not allowed |
| Owner-operator | Required |
| Non-compete (years)ℹ | 2 years |
| Non-compete (miles)ℹ | 50 mi |
| Right of first refusalℹ | Yes |
| Transfer requires consent | Yes |
| Termination notice | 30 days |
| Termination groundsℹ | 3 |
| Curable defaultsℹ | 3 |
| Mandatory arbitration | Yes |
| Arbitration location | Jacksonville, Florida |
| Jury trial waiver | Yes |
| Governing law | FL |
| Litigation count | 0 |
View Item 3 litigation summary
No litigation must be disclosed in Item 3.
Items 10, 11
Training & Operations
- Classroom training
- 35 hrs
- On-the-job training
- 78 hrs
- Training location
- Jacksonville, Florida
- Ongoing training
- Required
- Time to open
- 1 mo
- From signing to launch
- Site selection
- franchisee with franchisor approval
- Franchisor financing
- Not offered
- Item 10
- POS system
- Ad Orbit
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: Ad Orbit
Item 20 · call current owners
Franchisee Contacts
5 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 Money Pages franchise?
The total investment to open a Money Pages franchise ranges from $109K – $259K, 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 Money Pages franchise owners earn?
According to Item 19 of the Money Pages FDD, the average gross sales per unit is $325K. The median is $329K. Important context: Averaged per territory, not per outlet - not comparable with per-outlet figures. Note: this is gross revenue, not profit. Actual owner earnings vary based on location, operating costs, and management.
Who owns Money Pages?
Money Pages is franchised by Money Pages Franchising Group, LLC. The ultimate parent named in the FDD is Money Pages Holdings, LLC. Source: FDD Item 1, 2025 filing.
What is Item 19 in the Money Pages 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 Money Pages FDD and qualifies whose outlets they describe.
What is Money Pages's franchise failure rate?
SBA 7(a) loan charge-off data is not available for Money Pages (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 Money Pages franchise locations are there?
As of their most recent FDD filing, Money Pages has 28 total units in the United States, including 13 franchised units and 15 company-owned units. 2 new units were opened in the latest reporting year.
Is Money Pages a good franchise to buy?
FranchiseVerdict rates Money Pages as a D-grade franchise with a verdict score of 34 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.