New Again Houses Franchise Cost, Revenue & Review 2026
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 does not disclose unit-level revenue (no Item 19). FranchiseVerdict grade: D (Below average), an editorial assessment, not investment advice. Run a live ROI scan →
Data last verified · figures per the 2025 FDD issuance
Overview
- Investment
- $127K – $208K
- 73rd pct Real Estate
- Avg gross sales
- N/A
- Royalty
- 2.3%
- 3rd pct Real Estate
- Units
- 49
- 35th pct Real Estate
- SBA charge-off
- N/A
Quick verdict · Real Estate · color = vs category peers
Green = favorable by >10% vs Real Estate 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 $127K – $208K including a $45K franchise fee, 2.3% ongoing royalty.
- RETURNSFY2024 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.
- RISKVerdict D (Below average), verdict score 36/100 (higher is better).
- FLAGAuditor 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
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
- ⚠ Going-concern note
- Disclosed in FDD 2025
- Auditor flagged doubt about continued operations. Verify against the latest FDD before deciding.
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 22% below 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%
- percentage · 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
New Again Houses 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 New Again Houses unit return on the cash you put in?
Unlevered ROIC · per unit
Estimated return on your total franchise investment, before any debt financing.
73%
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
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.
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 average of 9.1%.
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 averages
How New Again Houses Compares
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
3-year detail · Item 20
- Opened (3yr)
- 34
- Closed (3yr)
- 4
- Terminated (3yr)
- 9
- Non-renewed (3yr)
- 0
- Transfers (3yr)
- 1
- Reacquired (3yr)
- 0
- Franchisor bought back
- 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?
The auditor flagged going-concern doubt (Item 21) — the single biggest risk here.
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)
No litigation is required to be disclosed
Largest disclosed settlement: $45,000
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · REESE CPA LLC⚠ Going-concern note flagged
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
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 36 / 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
- 05HIGH'Going Concern' status listed as False but lacks clarity — needs verification whether franchisor has disclosed liquidity/solvency issues in Item 23
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 |
| 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
FDD download
New Again Houses · FDD (2025) PDF
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?
New Again Houses 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 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 D-grade franchise with a verdict score of 36 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
Are you the franchisor?
If you represent New Again Houses, you can request corrections or provide updated information.
Other Real Estate franchises
Compare similar franchise opportunities in the Real Estate category
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.