Real Producers Franchise Cost, Revenue & Review 2026
- Investment
- $2K – $12K
- Disclosed sales
- partial, no system average
- SBA charge-off
- Not SBA-matched
Data from FDD filing
Analysis by FranchiseVerdict Research · Methodology
Real Producers is a franchise publishing local magazines that spotlight top real-estate agents and connect them with preferred vendors. Franchisees run a local edition selling sponsorships, producing content, and building the agent community, typically home-based.
FranchiseVerdict summary · 2026
A REAL PRODUCERS franchise requires a total initial investment of $2K – $12K, including a $735 franchise fee. The 2025 FDD on file does not yield a unit-revenue figure we can publish. FranchiseVerdict grade: A (Strongest tier), an editorial assessment, not investment advice. Run a live ROI scan →
Sources, dates and evidence
FDD issued: · Data extracted: · Last cited check: · Staleness risk: low - issued within the last 12 months
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 scored3 of 3 headline figures on this page cite a page of the filing.
Overview
- Investment
- $2K – $12K
- 0th pct Real Estate
- Avg gross sales
- N/A
- Royalty
- Not extracted
- Units
- 153
- 62nd 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 $2K – $12K including a $735 franchise fee.
- RETURNSItem 19 discloses average YEARLY Commission payments (franchisee earnings), not whole-unit gross sales. Cohort: 114 Reporting Publications and 72 Reporting Franchisees for the Reporting Period July 1, 2024–June 30, 2025. No single overall average of all 114 publications is stated; only top-10% (11 highest, avg $346,525, median $302,302) and bottom-10% (11 lowest, avg $34,814, median $35,997) deciles are disclosed. Yearly range across both deciles: high $684,330, low $20,859. A separate net PROFIT representation is given only as a percentage of Cash Received (top-10% avg 78.4%, bottom-10% avg 32.6%), not in dollars, so no average profit figure is shown. Figures are commission/earnings income per publication, not retail revenue, so neither an average gross sales nor an average profit figure is shown, and these are not whole-outlet sales.
- RISKVerdict A (Strongest tier), verdict score 74/100 (higher is better).
- GROWTHPositive: net +19 franchised outlets in the latest year (54 opened, 35 closed) (Item 20).
- GROWTHSystem growing at 27.5% CAGR over 3 years with 153 total units. Strong expansion trajectory.
Item 1 · who you're contracting with
The Franchisor
Corporate structure & franchisor financials
- Legal entity
- N2 Franchising, Inc.
- Predecessor
- N2 Franchising, LLC
- Prior franchisor entity
- CEO title
- Chief Executive Officer and President
- JP Hamel
- CEO experience
- 2025 yrs
- Years in role or industry
- Incorporated in
- Delaware
- HQ
- 9151 Currency Street, Irving, Texas 75063
- Auditor
- A&G LLP
- Audited financials
- Franchisor revenue
- $77.8M
- vs $77.5M prior year
- Management churn noted
- Frequent turnover
- Item 2 disclosed frequent executive changes
Overview
About
- CEO
- JP Hamel
- Headquarters
- TX
- Founded
- 2016
- FDD year
- 2025
- States available
- 46
Can you afford it, and what does the money buy?
Entry cost runs 95% 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 | |
|---|---|---|---|
| Initial Franchise Feenot refundable | $735 | $735 | |
| Office Furniture & Equipmentnot refundable | $0 | $3K | |
| Computer Hardware & Softwarenot refundable | $0 | $3K | |
| Office Supplies and Stationerynot refundable | $90 | $125 | |
| Insurance Coverage (1 year)not refundable | $400 | $650 | |
| Initial Training Expensesnot refundable | $0 | $1K | |
| Attorney and Professional Feesnot refundable | $0 | $2K | |
| Government Licenses and Permitsnot refundable | $0 | $500 | |
| Entity Formationnot refundable | $100 | $500 | |
| Additional Funds (for first 3 months of operation)not refundable | $600 | $1K | |
| Total initial investment | $2K | $12K |
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
- $2K – $12K
- Top 40% of category vs category
- Liquid capital req'd
- $600 – $1K
- Top 40% of category vs category
- Franchise fee
- $735 – $735
- Top 40% of category vs category
- Royalty
- Royalty equals 20% of the advertising value of each issue…
- Ad fund
- No advertising fund; franchisee is not required to partic…
- Total fee load
- 20.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Technology fee | $0 |
| Transfer fee | $735 |
| Total fee load | 20.0% 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 REAL PRODUCERS 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 REAL PRODUCERS 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, 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.
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 discloses average YEARLY Commission payments (franchisee earnings), not whole-unit gross sales. Cohort: 114 Reporting Publications and 72 Reporting Franchisees for the Reporting Period July 1, 2024–June 30, 2025. No single overall average of all 114 publications is stated; only top-10% (11 highest, avg $346,525, median $302,302) and bottom-10% (11 lowest, avg $34,814, median $35,997) deciles are disclosed. Yearly range across both deciles: high $684,330, low $20,859. A separate net PROFIT representation is given only as a percentage of Cash Received (top-10% avg 78.4%, bottom-10% avg 32.6%), not in dollars, so no average profit figure is shown. Figures are commission/earnings income per publication, not retail revenue, so neither an average gross sales nor an average profit figure is shown, and these are not whole-outlet sales.
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 20.0% — above the Real Estate median of 7.5%.
Disclosure
Item 19 reports Average Yearly Commission Payments rather than annual gross sales, so unit revenue is not directly comparable.
Operator retention
System expanding at 27.5% CAGR over 3 years across 153 units — operators are staying and new ones are joining.
Multi-unit rate
Only 25% 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 Real Estate medians
How Real Producers 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
- 153
- Opened
- 54
- Last reporting year
- Closed
- 35
- Terminated
- 1
- Franchisor ended the franchise (per Item 20)
- Non-renewed
- 0
- Term expired, not renewed (per Item 20)
- Turnover rate
- 22.9%
- Company-owned
- 1
- Corporate units in the system
- % franchised
- 99%
- vs corporate-owned
- Multi-unit owners
- 25.0%
- Net growth (3-yr)
- +27.5%
- Net unit change over 3 years
- 3-yr CAGR
- +27.5%
- Compounded over last 3 years
Last fiscal year · Item 20 exits and transfers
- Terminated
- 1
- Not renewed
- 0
- Transferred
- 9
- Reacquired
- 2
- Franchisor bought back
- Signed, not yet open
- 0
- 0.00 per open outlet · Item 20 Table 5
- Projected new
- 25
- Franchisor's next-year forecast
- Transfer rate
- 5.9%
- Owners selling to other franchisees
- Continuity rate
- 81.3%
- Units that stayed open
- Termination rate
- 0.7%
- Franchisor-initiated terminations
- Ceased ops
- 20.9%
- Units that stopped operating
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 44 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
142 current owners across 44 states.
- CA 15
- FL 12
- TX 11
- NJ 6
- GA 5
- MI 5
- SC 5
- CO 4
- IN 4
- NC 4
- NH 4
- NY 4
- +32 more states
Counts only, from the list the franchisor prints in Item 20; 50 entries carry no state. 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 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
Two state administrative consent orders (CA DFPI 2020, WA DFI 2019) against an affiliate for selling franchises before registration, both resolved. No bankruptcy, no going-concern, audited financials, Item 19 disclosed. 153 units with strong 27.5% net growth; single minor regulatory concern.
Litigation (Item 3)
Subject: officers or affiliates. The franchisor is not a named party in these cases.
Two administrative actions disclosed involving affiliate Neighborhood Networks Publishing, Inc. (now The N2 Company): (1) California Department of Financial Protection and Innovation (Order I.D. 337865) - alleged violations of California Franchise Investment Law for offering/selling franchises without required disclosure documents prior to 2016 registration. Settled October 2020 via Consent Order requiring cease and desist and $10,000 reimbursement for investigative costs. (2) Washington Department of Financial Institutions Securities Division (Order No. S-18-2456-18-CO01) - alleged violations of Washington Franchise Investment Protection Act for offering/selling franchises without disclosure documents and making unauthorized financial performance representations. Settled April 2019 via Consent Order requiring compliance, cease and desist, and $4,000 reimbursement for investigative costs. Neither party agreed with findings but settled to resolve matters.
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · A&G LLP
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: No
- Restricted to system-approved products: Yes
- Can negotiate own supplier terms: No
Score breakdown · what drove the 74 / 100 verdict
- 01MINOR2 resolved state registration consent orders (affiliate)
- 02MINORNo bankruptcy/going-concern; audited + Item 19
- 03MINORStrong 27.5% net unit growth on 153 units
Severity inferred from the FDD text · not a regulatory classification
What are you signing up for?
Ongoing fees run about 20.0% 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 | 3 years |
|---|---|
| Allowed renewalsℹ | 0 |
| Territory type | No territory protection |
| Protected territory | No |
| Exclusive territoryℹ | No |
| Territory sizeℹ | non_exclusive |
| Online sales rightsℹ | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Optional |
| Non-compete (years)ℹ | 2 years |
| Non-compete (miles)ℹ | 10 mi |
| Right of first refusalℹ | Yes |
| Transfer requires consent | Yes |
| Mandatory arbitration | Yes |
| Arbitration location | Irving, Texas |
| Jury trial waiver | Yes |
| Governing law | Texas |
| Litigation count | 2 |
View Item 3 litigation summary
Two administrative actions disclosed involving affiliate Neighborhood Networks Publishing, Inc. (now The N2 Company): (1) California Department of Financial Protection and Innovation (Order I.D. 337865) - alleged violations of California Franchise Investment Law for offering/selling franchises without required disclosure documents prior to 2016 registration. Settled October 2020 via Consent Order requiring cease and desist and $10,000 reimbursement for investigative costs. (2) Washington Department of Financial Institutions Securities Division (Order No. S-18-2456-18-CO01) - alleged violations of Washington Franchise Investment Protection Act for offering/selling franchises without disclosure documents and making unauthorized financial performance representations. Settled April 2019 via Consent Order requiring compliance, cease and desist, and $4,000 reimbursement for investigative costs. Neither party agreed with findings but settled to resolve matters.
Items 10, 11
Training & Operations
- Classroom training
- 13 hrs
- On-the-job training
- 0 hrs
- Training location
- At franchisor's location and on-site at restaurant
- Ongoing training
- Required
- Franchisor financing
- Not offered
- Item 10
- POS system
- Publisher Hero CRM
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: Publisher Hero CRM
Item 20 · call current owners
Franchisee Contacts
192 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 REAL PRODUCERS franchise?
The total investment to open a REAL PRODUCERS franchise ranges from $2K – $12K, with an initial franchise fee of $735. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do REAL PRODUCERS franchise owners earn?
Item 19 of the REAL PRODUCERS 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 REAL PRODUCERS?
REAL PRODUCERS is franchised by N2 Franchising, Inc.. Source: FDD Item 1, 2025 filing.
What is Item 19 in the REAL PRODUCERS 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 REAL PRODUCERS FDD and qualifies whose outlets they describe.
What is REAL PRODUCERS's franchise failure rate?
SBA 7(a) loan charge-off data is not available for REAL PRODUCERS (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 REAL PRODUCERS franchise locations are there?
As of their most recent FDD filing, REAL PRODUCERS has 153 total units in the United States, including 152 franchised units and 1 company-owned units. 54 new units were opened in the latest reporting year.
Is REAL PRODUCERS a good franchise to buy?
FranchiseVerdict rates REAL PRODUCERS as a A-grade franchise with a verdict score of 74 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.