Bottom line
- Total investment $64K – $433K including a $35K franchise fee, 3.0% ongoing royalty.
- No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
- Rated CAUTION with a risk score of 72/100.
- 10 litigation matters disclosed in Item 3 — higher than typical. Review the summary for patterns (franchisor-initiated vs. franchisee-initiated).
Item 1 · who you're contracting with
The Franchisor
Yale framework · single-unit ROIC
Returns Analysis
Pulls Item 7 (investment) and Item 19 (revenue) from this brand's FDD into the Yale unlevered-ROIC formula. Override any input to stress-test it against your own assumptions.
The model · Yale framework
What would one @properties unit return on the cash you put in?
Unlevered ROIC · per unit
43%
In Yale's "attractive" band (30–60%)
Overview
About
Franchisees operate as real estate brokerages/agents under the @properties brand, managing residential and commercial property sales, leasing, and related services. They leverage the franchisor's technology, marketing, brand recognition, and support systems while remitting 3-6% of gross revenues as royalties. Day-to-day activities include client acquisition, property listings, showings, negotiations, closings coordination, and team management within their protected territory.
Item 7 · what it costs
The Vitals
Item 19
Financial Performance
This franchisor did not disclose financial performance representations in Item 19, or our extractor could not parse them.
Item 20 · unit dynamics
The Growth Chart
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 17 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 phone area codes (Item 20). Approximate — ported numbers may show the original state, not the franchisee's current location.
Government records
SBA Loan Data
Aggregated from SBA 7(a) loan disclosures, public data unique to FranchiseVerdict.
No SBA loan data available for this brand.
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
@properties presents HIGH RISK due to 25% YoY unit contraction, undisclosed financials, multiple antitrust lawsuits challenging commission models, and going concern status—indicating both franchisor stability and franchisee viability concerns.
Score breakdown · what drove the 72 / 100 rating
- 01MED25% unit decline YoY (44 units) indicates systemic franchisee attrition and loss of confidence in the model
- 02MINORNo Item 19 financial disclosure (avg revenue/net income) prevents ability to validate ROI on $64k-$433k investment
- 03MEDMultiple antitrust class actions (6+) targeting real estate commission structures create regulatory/legal risk to core business model
- 04HIGHGoing Concern = False signals potential franchisor financial distress or viability concerns
- 05HIGHHigh litigation exposure across professional liability, fraud, and failure-to-disclose claims suggests operational/compliance issues within franchisee network
- 06MINORWide investment range ($64k-$433k) with no corresponding revenue disclosure raises questions about unit economics transparency
Severity inferred from the FDD text · not a regulatory classification
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
Item 11
Training & Operations
Item 20
Franchisee Contacts
Phone numbers extracted directly from this brand's FDD Item 20. After purchase, you'll also receive a list of validation questions tailored to this brand.
Franchisee contacts
20 numbers
One-time purchase · CSV download · Validation questions included
FDD download
@properties · FDD (2025) PDF