Bottom line
- Total investment $120K – $896K including a $48K franchise fee, 6.0% ongoing royalty.
- No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
- Rated MODERATE with a risk score of 62/100. SBA loan default rate of 0.0% across 2 loans (below the industry average).
- System growing at 157.1% CAGR over 3 years with 91 total units — strong expansion trajectory.
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 The Agency® unit return on the cash you put in?
Unlevered ROIC · per unit
21%
Below typical band (30–60%)
Overview
About
Franchisees operate real estate brokerage offices, recruiting and managing licensed agents to transact residential and commercial property sales. Day-to-day activities include agent recruitment/training, transaction management, marketing, client relationship management, and compliance with local/state real estate regulations. Revenue derives from agent commission splits (typically 50-80% to agents, 20-50% brokerage).
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 · 27 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.
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
High-growth real estate franchise with material litigation history, opaque financials, and territory conflicts presents meaningful investment risk despite no going concern warning.
Score breakdown · what drove the 62 / 100 rating
- 01MINORNo Item 19 financial disclosure (average revenue/net income) prevents ROI validation despite $119.6k-$896k investment range
- 02HIGHSignificant litigation history ($12.2M+ in settlements) including antitrust and disparagement cases suggests operational/compliance vulnerabilities
- 03MINORUnprotected territory creates direct competition risk from other Agency franchisees and corporate-owned locations
- 04MINORExplosive 35% YoY unit growth (91 units) may indicate unsustainable expansion or market saturation concerns
- 05MINORWide investment range ($776.55k spread) suggests inconsistent unit profitability or unclear buildout costs
- 06MINORReal estate brokerage model highly dependent on agent recruitment and retention in competitive market
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
64 numbers
One-time purchase · CSV download · Validation questions included
FDD download
The Agency® · FDD (2025) PDF