New Again HousesFranchise Cost, Revenue & Review 2026
Data from FDD filing
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). Verdict grade: B. Run a live ROI scan →
Data last verified June 18, 2026 · figures per the 2025 FDD issuance
Overview
- Investment
- $127K – $208K
- 64th pct Real Estate
- Avg gross sales
- N/A
- 25th pct Real Estate
- Royalty
- 2.3%
- 4th pct Real Estate
- Units
- 49
- 32nd pct Real Estate
- SBA default
- N/A
Quick verdict · Real Estate · color = vs category peers
Green = >15% above Real Estate 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
Franchised units fell from 48 to 40 over 3 years. Investigate why operators are leaving.
Bottom line
- Total investment $127K – $208K including a $45K franchise fee, 2.3% ongoing royalty.
- Item 19 discloses "Averages by Quartile" rather than annual gross sales, so unit revenue is not directly comparable.
- Verdict B (Above Average) with a risk score of 57/100.
- 6 units terminated last reporting year (12.2% of the system). Ask existing franchisees why.
Item 1 · who you're contracting with
The Franchisor
- Legal entity
- New Again Franchising, Inc.
- Parent company
- WWIO Group, Inc.
- 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
New Again Houses franchisees typically operate in home renovation, restoration, or property rehabilitation services. Day-to-day operations likely involve estimating damage/renovation scope, managing subcontractors, coordinating with insurance adjusters or homeowners, and overseeing project timelines and quality control. Revenue typically comes from insurance claims, direct homeowner contracts, or wholesale property flipping arrangements.
- CEO
- Thomas Matthew Lavinder
- Headquarters
- TN
- Founded
- 2018
- FDD year
- 2025
- States available
- 22
FDD Item 7 · 2025 filing · 10 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
- Near category avg vs category
- Liquid capital req'd
- $10K – $20K
- Better than avg vs category
- Franchise fee
- $45K – $45K
- Near category avg vs category
- Royalty
- 2.3%
- Gross Sales · 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 |
Financial Performance
This brand's FDD disclosed "Averages by Quartile" in Item 19 rather than annual gross sales. This metric cannot be directly compared across brands, so we omit it from rankings.
vs Real Estate averages
How New Again Houses Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 49
- Opened
- 7
- Last reporting year
- Closed
- 6
- Terminated
- 6
- Franchisor ended the franchise (per Item 20)
- Non-renewed
- 0
- Term expired, not renewed (per Item 20)
- Turnover rate
- 12.2%
- Company-owned
- 1
- Corporate units in the system
- % franchised
- 98%
- vs corporate-owned
- Net growth (yr3)
- +2.1%
- Net unit change last year
- 3-yr CAGR
- +20.0%
- Compounded over last 3 years
3-year detail · Item 20
- Opened (3yr)
- 1
- Closed (3yr)
- 3
- Transfers (3yr)
- 0
- 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 20 · 37 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.
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
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
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Supplier relationship · Items 8 & 16
- Franchisor sells you products: Yes
- Kickbacks from required suppliers: No
- Must buy proprietary products: Yes
- Restricted to system-approved products: Yes
- Can negotiate own supplier terms: No
Score breakdown · what drove the 57 / 100 rating
- 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
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 10 years |
|---|---|
| Renewal term | 5 years |
| Allowed renewalsℹ | 2 |
| Territory type | County/Zip code based |
| Protected territory | Yes |
| Exclusive territoryℹ | No |
| Territory population | 400,000 |
| Online sales rights | 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 | 30 days |
| Termination groundsℹ | 4 |
| Curable defaultsℹ | 5 |
| Mandatory arbitration | No |
| Jury trial waiver | Yes |
| Governing law | Tennessee |
| Litigation count | 0 |
View Item 3 litigation summary
No litigation is required to be disclosed
Items 10, 11
Training & Operations
- Classroom training
- 45 hrs
- On-the-job training
- 35 hrs
- Ongoing training
- Required
- Time to open
- 2 mo
- From signing to launch
- Site selection
- franchisee
- Franchisor financing
- 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
70 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 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 risk score of 57 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
Are you the franchisor?
If you represent New Again Houses, you can request corrections or provide updated information.
Claim this brandOther 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.