New Again Houses Franchise Cost, Revenue & Review 2026
- Investment
- $127K – $208K
- Disclosed sales
- partial, no system average
- SBA charge-off
- Not SBA-matched
Data from FDD filing
Analysis by FranchiseVerdict Research · Methodology
New Again Houses is a real estate investing franchise that buys, remodels, and resells residential properties. Franchisees run local operations, sourcing properties, managing renovations, and selling finished homes.
FranchiseVerdict summary · 2026
A New Again Houses franchise requires a total initial investment of $127K – $208K, including a $45K franchise fee and an ongoing 2.3% royalty[2]. The 2025 FDD on file does not yield a unit-revenue figure we can publish. 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 scored4 of 4 headline figures on this page cite a page of the filing.
Overview
- Investment
- $127K – $208K
- 74th pct Real Estate
- Avg gross sales
- N/A
- Projection
- Royalty
- 2.3%
- 3rd pct Real Estate
- Units
- 49
- 33rd 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 $127K – $208K including a $45K franchise fee, 2.3% ongoing royalty.
- RETURNSItem 19 reports gross profit rather than annual gross sales, so unit revenue is not directly comparable.
- RISKVerdict B (Above average), verdict score 46/100 (higher is better).
- GROWTHPositive: net +1 franchised outlets in the latest year (7 opened, 0 closed); 3 signed but not yet open (Item 20).
- FLAG6 units terminated last reporting year (12.2% of the system). Ask existing franchisees why.
Item 1 · who you're contracting with
The Franchisor
Corporate structure & franchisor financials
- Legal entity
- New Again Franchising, Inc.
- Parent company
- WWIO Group, Inc.
- Predecessor
- Lavinder Development, LLC
- Prior franchisor entity
- CEO title
- President
- Thomas Matthew Lavinder
- CEO experience
- 2009 yrs
- Years in role or industry
- Founder active
- Yes
- Original founder still leading the business
- Incorporated in
- TN
- HQ
- 501 Alabama Street, Bristol, Tennessee 37620
- Auditor
- REESE CPA LLC
- Audited financials
- Franchisor revenue
- $1.2M
- vs $1.2M prior year
- Management churn noted
- Frequent turnover
- Item 2 disclosed frequent executive changes
Affiliated brands
- New Again IP
- New Again
- has the same pr
- HBX Realty
Other brands the franchisor or its parent operates (Item 1).
Overview
About
- CEO
- Thomas Matthew Lavinder
- Headquarters
- TN
- Founded
- 2018
- FDD year
- 2025
- States available
- 22
Can you afford it, and what does the money buy?
Entry cost runs 26% above the typical real estate franchise.
Source: FDD 2025 · Items 5–7
Full Item 7 breakdown10 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| Franchise Feenot refundable | $45K | $45K | |
| Furniture, Fixtures, and Equipment | $0 | $1K | |
| Computer System | $2K | $4K | |
| Pre-Opening Costs | $2K | $4K | |
| Required Software | $2K | $4K | |
| Consultant Fees | $0 | $4K | |
| Initial Monthly Advertising | $36K | $48K | |
| 3 Month Insurance Premiums | $1K | $3K | |
| Down Payments on Property | $30K | $75K | |
| Additional Funds - 6 Months | $10K | $20K | |
| Total initial investment | $127K | $208K |
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
- $127K – $208K
- Bottom third — review vs category
- Liquid capital req'd
- $10K – $20K
- Middle of category vs category
- Franchise fee
- $45K – $45K
- Middle of category vs category
- Royalty
- 2.3%
- typical 6–8%
- Ad fund
- $3,000
- Total fee load
- 2.3%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 2.3% of gross sales |
| Technology fee | $150 |
| Transfer fee | $10K |
| Renewal fee | $5K |
| Total fee load | 2.3% of rev |
What do units actually make?
Source: FDD 2025 · Item 19
ROI & LBO modelsSingle-unit · 25-unit portfolio · editable
No Item 19 revenue figure for New Again Houses is on file. 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 New Again Houses 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, 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
Item 19 reports gross profit rather than annual gross sales, so unit revenue is not directly comparable. We omit it from rankings.
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 2.3% — below the Real Estate median of 7.5%.
Disclosure
Item 19 reports gross profit rather than annual gross sales, so unit revenue is not directly comparable.
Operator retention
System expanding at 20.0% CAGR over 3 years across 49 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 New Again Houses 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
- 49
- Opened
- 7
- Last reporting year
- Closed
- 0
- Terminated
- 6
- Franchisor ended the franchise (per Item 20)
- Non-renewed
- 0
- Term expired, not renewed (per Item 20)
- Turnover rate
- 27.1%
- Company-owned
- 1
- Corporate units in the system
- % franchised
- 98%
- vs corporate-owned
- Net growth (3-yr)
- +20.0%
- Net unit change over 3 years
- 3-yr CAGR
- +20.0%
- Compounded over last 3 years
Last fiscal year · Item 20 exits and transfers
- Terminated
- 6
- Not renewed
- 0
- Transferred
- 0
- Reacquired
- 0
- Franchisor bought back
- Signed, not yet open
- 3
- 0.06 per open outlet · Item 20 Table 5
- Projected new
- 5
- Franchisor's next-year forecast
- Termination rate
- 12.2%
- Franchisor-initiated terminations
- Ceased ops
- 12.2%
- Units that stopped operating
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 12 · 22 states reported
The Territory Map
FDD Item 12 reports the state count, but the specific list isn't in our current data. The map will appear once we re-extract from the FDD or enough franchisee contacts are available.
22
states with franchisees (per FDD Item 12)
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
Stagnant unit growth, missing critical financial disclosures, and unverified income claims create material risk despite low litigation history and protected territory.
Litigation (Item 3)
Subject: officers or affiliates. The franchisor is not a named party in these cases.
No litigation is required to be disclosed
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · REESE CPA LLC
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
FY2024 audited: Royalty fees $763,886; Franchise fees $215,221; Ancillary franchise revenues $204,571; Advertising revenue $40. Auditor firm name appears only as a logo (not in OCR text); located at 12580 East Harmony Road, Ft. Collins, CO. Going-concern doubt noted by management.
Supplier relationship · Items 8 & 16
- Franchisor sells you products: No
- 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 46 / 100 verdict
- 01MEDAverage net income of $696,369 is NOT disclosed in FDD Item 19 — this figure appears sourced elsewhere and cannot be verified; franchisor transparency is compromised
- 02MINOROnly 49 units with 2.1% YoY growth indicates stagnant/declining system momentum — minimal expansion suggests market saturation or franchisee dissatisfaction
- 03MINORGross revenue figures withheld entirely — impossible to validate the $696K net income claim or calculate true ROI; red flag for franchisor accountability
- 04MEDHigh initial investment ($127K-$208K) paired with slow growth and undisclosed revenue metrics creates unfavorable risk-reward profile
Severity inferred from the FDD text · not a regulatory classification
What are you signing up for?
Ongoing fees run about 2.3% 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 | 10 years |
|---|---|
| Renewal term | 5 years |
| Allowed renewalsℹ | 2 |
| Territory type | Protected territory |
| Protected territory | Yes |
| Exclusive territoryℹ | No |
| Territory population | 400,000 |
| Online sales rightsℹ | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Required |
| Non-compete (years)ℹ | 2 years |
| Right of first refusalℹ | Yes |
| Transfer requires consent | Yes |
| Termination notice | 60 days |
| Termination groundsℹ | 4 |
| Curable defaultsℹ | 5 |
| Mandatory arbitration | No |
| Arbitration location | Tennessee (Sullivan County litigation only; no arbitration) |
| Jury trial waiver | Yes |
| Governing law | TN |
| Litigation count | 0 |
View Item 3 litigation summary
No litigation is required to be disclosed
Items 10, 11
Training & Operations
- Classroom training
- 40 hrs
- On-the-job training
- 35 hrs
- Training location
- Online
- Ongoing training
- Optional
- Time to open
- 2 mo
- From signing to launch
- Site selection
- Franchisee (home-based)
- Franchisor financing
- Not offered
- Item 10
- POS system
- QuickBooks Online or Desktop
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: QuickBooks Online or Desktop
Item 20 · call current owners
Franchisee Contacts
55 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 New Again Houses franchise?
The total investment to open a New Again Houses franchise ranges from $127K – $208K, with an initial franchise fee of $45K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do New Again Houses franchise owners earn?
Item 19 of the New Again Houses FDD discloses figures for part of the system but no single average across all outlets. These are gross sales figures, not profit; the Revenue section shows what the filing reports and on what basis. Item 20 of the FDD lists current and former franchisees; asking them directly is the standard way to fill this gap.
Who owns New Again Houses?
New Again Houses is franchised by New Again Franchising, Inc.. Its parent company is WWIO Group, Inc.. Source: FDD Item 1, 2025 filing.
What is Item 19 in the New Again Houses 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 New Again Houses FDD and qualifies whose outlets they describe.
What is New Again Houses's franchise failure rate?
SBA 7(a) loan charge-off data is not available for New Again Houses (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 New Again Houses franchise locations are there?
As of their most recent FDD filing, New Again Houses has 49 total units in the United States, including 48 franchised units and 1 company-owned units. 7 new units were opened in the latest reporting year.
Is New Again Houses a good franchise to buy?
FranchiseVerdict rates New Again Houses as a B-grade franchise with a verdict score of 46 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.