Sea Glass PropertiesFranchise Cost, Revenue & Review 2026
Data from FDD filing
FranchiseVerdict summary · 2026
A Sea Glass Properties franchise requires a total initial investment of $34K – $273K, including a $30K franchise fee and an ongoing 6.0% royalty[2]. The 2026 FDD does not disclose unit-level revenue (no Item 19). Verdict grade: C. Run a live ROI scan →
Data last verified June 18, 2026 · figures per the 2026 FDD issuance
Overview
- Investment
- $34K – $273K
- 17th pct Real Estate
- Avg gross sales
- N/A
- 25th pct Real Estate
- Royalty
- 6.0%
- 21st pct Real Estate
- Units
- 5
- 9th 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
Started franchising in 2024. Newer systems carry more uncertainty but may offer better territories.
Bottom line
- Total investment $34K – $273K including a $30K franchise fee, 6.0% ongoing royalty.
- No Item 19 financial performance data disclosed. The franchisor chose not to publish revenue figures.
- Verdict C (Average) with a risk score of 65/100.
- No Item 19 financial performance representation. Without franchisor-disclosed revenue data, you'll need to gather unit economics directly from existing franchisees.
Item 1 · who you're contracting with
The Franchisor
- Legal entity
- Sea Glass Franchising, LLC
- Incorporated in
- FL
- HQ
- 5328 Yacht Haven Grande, Suite 105, St. Thomas, Virgin Islands 00802
- Auditor
- SMITH, BUZZI & ASSOCIATES, LLC
- Audited financials
- Franchisor revenue
- $0
- Most recent fiscal year
Affiliated brands
- SG Florida
- SG Global
- Sperry Global
- SGP USVI
- Sea Glass Properties
Other brands the franchisor or its parent operates (Item 1).
Overview
About
Franchisees operate as real estate brokers/agents under the Sea Glass Properties brand, handling residential property sales and leasing while building their own agent team. Day-to-day activities include client acquisition, property showings, transaction management, and team recruitment—generating revenue through commission splits on closed deals while paying royalties based on gross commission income (GCI) or a minimum annual fee.
- CEO
- Jay Olshonsky
- Founded
- 2024
- FDD year
- 2026
- States available
- 3
FDD Item 7 · 2026 filing · 12 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| Initial Franchise Feenot refundable | $10K | $50K | |
| Traveling and Living Expenses while Training | $2K | $4K | |
| Real Property Rent Deposits and Pre-Paid Expenses | $0 | $23K | |
| Furniture, Fixtures, Decor, and Computer Hardware, Software, & POS System | $0 | $75K | |
| Construction of Leasehold Improvements | $0 | $50K | |
| Initial Inventory | $0 | $1K | |
| Signage | $500 | $8K | |
| Grand Opening Advertising | $2K | $3K | |
| Business Licenses and Permits | $500 | $3K | |
| Insurance (3 Months) | $500 | $2K | |
| Professional Fees | $4K | $5K | |
| Additional Funds (3 months) | $15K | $50K | |
| Total initial investment | $34K | $273K |
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
- $34K – $273K
- Better than avg vs category
- Liquid capital req'd
- $15K – $50K
- Near category avg vs category
- Franchise fee
- $10K – $50K
- Better than avg vs category
- Royalty
- 6.0%
- Gross Commission Income · typical 6–8%
- Ad fund
- $3,750
- Total fee load
- 6.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 6.0% of gross sales |
| Technology fee | $500 |
| Transfer fee | $5K |
| Renewal fee | $5K |
| Inventory (initial) | $0 – $1K |
| Total fee load | 6.0% of rev |
Financial Performance
This franchisor did not disclose financial performance representations in Item 19, or our extractor could not parse them.
vs Real Estate averages
How Sea Glass Properties Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 5
- Opened
- 3
- Last reporting year
- Closed
- 0
- Turnover rate
- 0.0%
- Company-owned
- 2
- Corporate units in the system
- % franchised
- 60%
- vs corporate-owned
3-year detail · Item 20
- Opened (3yr)
- 3
- Closed (3yr)
- 0
- Terminated (3yr)
- 0
- Non-renewed (3yr)
- 0
- Transfers (3yr)
- 0
- Reacquired (3yr)
- 0
- Franchisor bought back
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 16 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.
Available to sell in · Item 12
- Michigan
States where the franchisor is registered to sell new franchises (FDD registration filings).
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
Sea Glass Properties presents meaningful caution-level risk due to minimal system size, undisclosed financial performance metrics, and high fixed fees relative to unproven revenue potential in a competitive real estate brokerage market.
Litigation (Item 3)
0 case reference(s): 0 pending, 0 settled.
Largest disclosed settlement: $50,000
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · SMITH, BUZZI & ASSOCIATES, LLC
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Supplier relationship · Items 8 & 16
- Franchisor sells you products: No
- Must buy proprietary products: No
- Restricted to system-approved products: No
Score breakdown · what drove the 65 / 100 rating
- 01MEDOnly 5 units systemwide with unknown growth trajectory suggests minimal brand traction and limited peer support network
- 02MEDNo Item 19 financial performance disclosure (Avg Revenue/Net Income not disclosed) prevents ROI validation and indicates potential underperformance
- 03MEDHigh minimum annual fee of $10,000-$50,000 creates fixed cost burden regardless of commission income, especially risky for new franchisees in ramp-up phase
- 04MINORWide investment range ($34K-$273K) suggests inconsistent territory valuations and unclear startup cost transparency
- 05MINOR10-year term is lengthy commitment with minimal franchise system stability (5 units) to justify lock-in period
- 06MEDReal estate brokerage is commission-based with no salary floor, creating income volatility that minimum fees may not offset
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 | 10 years |
| Territory type | Specific geographic region defined by radius, zip codes, or political boundaries |
| Protected territory | Yes |
| Online sales rightsℹ | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Optional |
| Non-compete (years)ℹ | 2 years |
| Right of first refusalℹ | Yes |
| Termination notice | 30 days |
| Termination groundsℹ | 2 |
| Curable defaultsℹ | 3 |
| Mandatory arbitration | Yes |
| Jury trial waiver | Yes |
| Governing law | Florida |
| Litigation count | 0 |
View Item 3 litigation summary
0 case reference(s): 0 pending, 0 settled.
Items 10, 11
Training & Operations
- Classroom training
- 16 hrs
- On-the-job training
- 0 hrs
- Training location
- On-site and corporate
- POS system
- Bold Trail
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: Bold Trail
Item 20 · call current owners
Franchisee Contacts
17 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
Sea Glass Properties · FDD (2026) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Sea Glass Properties franchise?
The total investment to open a Sea Glass Properties franchise ranges from $34K – $273K, with an initial franchise fee of $30K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do Sea Glass Properties franchise owners earn?
Sea Glass Properties 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 Sea Glass Properties's franchise failure rate?
SBA 7(a) loan charge-off data is not available for Sea Glass Properties (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 Sea Glass Properties franchise locations are there?
As of their most recent FDD filing, Sea Glass Properties has 5 total units in the United States, including 2 franchised units and 2 company-owned units. 3 new units were opened in the latest reporting year.
Is Sea Glass Properties a good franchise to buy?
FranchiseVerdict rates Sea Glass Properties as a C-grade franchise with a risk score of 65 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
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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.