SkyRunFranchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
FranchiseVerdict summary · 2026
A SkyRun franchise requires a total initial investment of $105K – $154K, including a $55K franchise fee. Per the 2025 FDD, average unit revenue was $2.1M[2]. Verdict grade: A. Run a live ROI scan →
Data last verified June 18, 2026 · figures per the 2025 FDD issuance
Overview
- Investment
- $105K – $154K
- 57th pct Real Estate
- Avg gross sales
- $2.1M
- 22nd pct Real Estate
- Royalty
- N/A
- Units
- 48
- 30th 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
Each dollar invested generates 16.5x in gross revenue, well above the typical 1.5-2.5x range.
The system grew 24% year-over-year. Fast growth means demand, but can strain support.
The franchisor's auditor raised doubt about continued operations. This is a serious risk signal.
Bottom line
- Total investment $105K – $154K including a $55K franchise fee.
- Average unit revenue of $2.1M/year (median $1.3M).
- Verdict A (Top Quintile) with a risk score of 44/100.
- Auditor 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
- Legal entity
- SkyRun Franchising Limited
- Parent company
- SkyRun Partners LLC
- CEO title
- Chairman of the Board of Directors
- Cord Thomas
- Incorporated in
- CO
- HQ
- 390 Interlocken Crescent, Suite 350, Broomfield, Colorado 80021
- Auditor
- Thoresen Diaby Helle Condon & Dodge, Inc.
- Audited financials
- Franchisor revenue
- $171K
- vs $2.7M 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.
Overview
About
SkyRun franchisees operate vacation rental property management businesses, handling guest bookings, cleaning coordination, maintenance, and customer service for residential properties. Day-to-day activities include managing online listings across multiple platforms, processing reservations, coordinating housekeeping and repairs, collecting payments, and resolving guest issues. Revenue is generated through commission-based fees on nightly rental rates.
- CEO
- Cord Thomas
- Headquarters
- CO
- Founded
- 2022
- FDD year
- 2025
- States available
- 16
FDD Item 7 · 2025 filing · 12 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| Initial Franchise Feenot refundable | $55K | $75K | |
| Technology Fees - 3 Monthsnot refundable | $480 | $480 | |
| Additional Technology Servicesnot refundable | $600 | $2K | |
| Technology Hardwarenot refundable | $1K | $3K | |
| Real Estate Costs | $0 | $500 | |
| Furniture, Fixtures, and Suppliesnot refundable | $2K | $3K | |
| Training Expensesnot refundable | $3K | $3K | |
| Business Licenses and Permits and Professional Feesnot refundable | $3K | $5K | |
| Insurancenot refundable | $1K | $3K | |
| Grand Opening Programnot refundable | $10K | $10K | |
| Local Marketing - 3 Monthsnot refundable | $5K | $5K | |
| Additional Funds and Working Capital - 3 Monthsnot refundable | $25K | $45K | |
| Total initial investment | $105K | $154K |
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.
Single-unit · estimated
Returns at a glance
Indicative numbers using FDD Item 7 / Item 19 inputs and category-benchmarked cost ratios. Full single-unit, 25-unit portfolio, and LBO models (with every input editable to stress-test your own scenario) live on the financials page.
Store EBITDA · annual
$342K
16.0% margin
Unlevered ROIC
208%
EBITDA / total invested capital
Payback
6 mo
cash-on-cash, unlevered
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $105K – $154K
- Near category avg vs category
- Liquid capital req'd
- $25K – $45K
- Near category avg vs category
- Franchise fee
- $55K – $75K
- Near category avg vs category
- Royalty
- Greater of 5% of monthly Gross Revenue or the Minimum Mon…
- Ad fund
- 1.0%
- typical 3–5%
- Total fee load
- 6.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty (flat) | Greater of 5% of monthly Gross Revenue or the Minimum Monthly Royalty Amount |
| Marketing / ad fund | 1.0% of gross sales |
| Technology fee | $160 |
| Training fee | $180 |
| Transfer fee | $10K |
| Renewal fee | $5K |
| Total fee load | 6.0% of rev |
A 6.0% total fee load is unusually lean. More of each revenue dollar stays with the franchisee.
Financial Performance
- Avg gross sales
- $2.1M
- Per unit, per year
- Median gross sales
- $1.3M
- Item 19 type
- gross_sales
- Sample size
- 15 units
- vs category median 41 · small
- Range (low → high)
- $0→$7.5M
- Cohort dispersion (min → max)
- Transparency
- 4 / 5
- vs category median 0 / 5 · above
Compared against 121 Real Estate brands
Revenue is 16.5x the investment midpoint. At typical franchise margins, this suggests a payback under 3 years.
vs Real Estate averages
How SkyRun Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 48
- Opened
- 8
- Last reporting year
- Closed
- 0
- Terminated
- 0
- Franchisor ended the franchise (per Item 20)
- Non-renewed
- 0
- Term expired, not renewed (per Item 20)
- Turnover rate
- 0.0%
- Company-owned
- 7
- Corporate units in the system
- % franchised
- 85%
- vs corporate-owned
- Multi-unit owners
- 1.0%
- Net growth (yr3)
- +24.2%
- Net unit change last year
- 3-yr CAGR
- +78.3%
- Compounded over last 3 years
3-year detail · Item 20
- Transfers (3yr)
- 3
- Transfer rate
- 6.3%
- Owners selling to other franchisees
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 36 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.
Fast growth in a small system. Newer franchisors expanding quickly may not yet have the support infrastructure of larger systems.
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA loan disclosures. This brand has only 4 7(a) loans on file; statistical reliability is limited below 10 loans.
- Total loans
- 4
- Loan volume
- N/A
- Amount data pending
- Median loan
- N/A
- Charge-off rate
- N/A
Historical SBA 7(a) lending data, not predictive of future performance. How SBA charge-off rates are calculated
- Repayment rate (PIF)
- N/A
- 5-yr charge-off
- N/A
- Loans approved 2021+
- Active lenders
- 0
- Defaults
- 0
Explore lender portfolios on Bank Reports or regional data on State Reports.
Risk analysis
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
SkyRun presents moderate risk with strong revenue metrics offset by missing profitability disclosure, aggressive growth trajectory, and going concern status that warrant careful validation.
Litigation (Item 3)
No litigation is required to be disclosed in this Item.
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Thoresen Diaby Helle Condon & Dodge, Inc.⚠ Going-concern note flagged
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Supplier relationship · Items 8 & 16
- Franchisor sells you products: Yes
- 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 44 / 100 rating
- 01MEDNet income not disclosed in Item 19 — unable to verify actual profitability despite $2.1M average revenue claims
- 02MINORRapid unit growth of 24.2% YoY may indicate unsustainable expansion or survival bias in reporting
- 03MINORZero franchise fee is unusual and may signal difficulty attracting franchisees or aggressive market penetration strategy
- 04MINORMinimum Monthly Royalty Amount not specified — creates uncertainty about baseline cost structure
- 05HIGHGoing concern notation despite growth — suggests potential balance sheet or operational stress
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 |
| Allowed renewalsℹ | 1 |
| Territory type | Designated Territory |
| Protected territory | Yes |
| Exclusive territoryℹ | No |
| Online sales rights | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Optional |
| Non-compete (years)ℹ | 2 years |
| Right of first refusalℹ | Yes |
| Transfer requires consent | Yes |
| Termination notice | 30 days |
| Mandatory arbitration | Yes |
| Arbitration location | Colorado |
| Jury trial waiver | Yes |
| Governing law | Colorado |
| Litigation count | 0 |
View Item 3 litigation summary
No litigation is required to be disclosed in this Item.
Items 10, 11
Training & Operations
- Classroom training
- 53 hrs
- On-the-job training
- 12 hrs
- Training location
- Colorado and Virtual
- Ongoing training
- Required
- Field support
- 11 hrs/yr
- On-site visits per year
- POS system
- TRACK (TravelNet Solutions, LLC)
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: TRACK (TravelNet Solutions, LLC)
Item 20 · call current owners
Franchisee Contacts
78 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
SkyRun · FDD (2025) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a SkyRun franchise?
The total investment to open a SkyRun franchise ranges from $105K – $154K, with an initial franchise fee of $55K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do SkyRun franchise owners earn?
According to Item 19 of the SkyRun FDD, the average gross sales per unit is $2.1M. The median is $1.3M. Note: this is gross revenue, not profit. Actual owner earnings vary based on location, operating costs, and management.
What is SkyRun's franchise failure rate?
SBA 7(a) loan charge-off data is not available for SkyRun (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 SkyRun franchise locations are there?
As of their most recent FDD filing, SkyRun has 48 total units in the United States, including 23 franchised units and 7 company-owned units. 8 new units were opened in the latest reporting year.
Is SkyRun a good franchise to buy?
FranchiseVerdict rates SkyRun as a A-grade franchise with a risk score of 44 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.
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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.