FranchiseVerdict
United Country Real Estate logo
FV-02849·MODERATEStandard76

United Country Real Estate

Real EstateFranchising since 1997Website
Investment
$11K – $46K
2nd pct Real Estate
Avg revenue
32nd pct Real Estate
Royalty
6.0%
27th pct Real Estate
Units
380
83rd pct Real Estate
SBA default
0.0%
vs <3% typical

Bottom line

  • Total investment $11K – $46K including a $20K 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 61/100. SBA loan default rate of 0.0% across 4 loans (below the industry average).
  • Auditor disclosed a going-concern note — 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
United Country Real Estate, LLC
Parent company
Five D I, LLC
Incorporated in
Delaware
HQ
2820 N.W. Barry Road, Kansas City, Missouri 64154
Auditor
CBIZ CPAs P.C.
Audited financials
Franchisor revenue
$20.1M
vs $20.0M prior year
⚠ Going-concern note
Disclosed in FDD 2025
Auditor flagged doubt about continued operations. Verify against the latest FDD before deciding.

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 United Country Real Estate unit return on the cash you put in?

Revenue · per unit, per year
$
Item 19 not disclosed — typing your own estimate
Franchisor take · royalty + ad fund
Royaltytyp 68%
%
Ad fundtyp 35%
%
Operating costs · category default: generic
COGS
%
Labor
%
Rent / occupancy
%
Other operating
%
Total invested capital · what you actually put in
Initial investment
$
FDD Item 7: $11K–$46K
Working capital
$
Item 7 didn't break this out — defaulted to ~10% of annual revenue

Unlevered ROIC · per unit

313%

Above typical band (30–60%)

0%30–60% Yale band80%
ROIC above 100% usually means the revenue figure is a system-wide aggregate or top-cohort number rather than a single-unit average. Verify the "Revenue · per unit" field against the brand's FDD Item 19 detail tables before relying on this output.

Store EBITDA · annual
$105K
EBITDA margin
14.0%
Total invested
$34K
Payback
4 mo
Unit-level only. A multi-unit portfolio gives up roughly 5–15% of this to shared services (corporate G&A) before reaching the ~10-unit break-even Yale describes.

Overview

About

United Country franchisees operate independent real estate brokerage offices, listing and selling residential properties, managing agents, and earning commissions on transactions. They pay 6-12% royalties on gross commissions earned while handling all local marketing, staffing, and operational costs. The business model is highly dependent on transaction volume, market conditions, and commission structures now under active legal challenge.

CEO
M. Daniel Duffy
Founded
1925
FDD year
2025
States available
42

Item 7 · what it costs

The Vitals

Total investment
$11K – $46K
All-in to open one unit
Liquid capital
$0 – $10K
Cash you must have on hand
Franchise fee
$20K
Royalty
6.0%
percentage of gross commission · typical 6–8%
Ad fund
n/d
Total fee load
6.0%
vs 9–13% typical

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

Total units
380
Opened
21
Last reporting year
Closed
37
Turnover rate
9.7%
Company-owned
2
Corporate units in the system
% franchised
100%
vs corporate-owned
Net growth (yr3)
-4.1%
Net unit change last year
3-yr CAGR
-4.1%
Compounded over last 3 years
2023
378-16
Franchised units
2024
394
Franchised units
2025
394
Franchised units

Year-over-year franchised unit counts and net change. Source: FDD Item 20.

Item 20 · 14 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).

AK
ME
VT
NH
MA
RI
CT
NY
NJ
PA
DE
MD
DC
WA
OR
CA
NV
ID
MT
WY
UT
CO
AZ
NM
ND
SD
NE
KS
OK
TX
MN
IA
MO
AR
LA
WI
IL
MS
TN
MI
IN
KY
AL
OH
WV
GA
VA
NC
SC
FL
HI
Registered · 14 states
Not registered

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.

Total loans
4
Loan volume
Avg loan
Default rate
0.0%
vs <3% typical · system-wide
5-yr default

FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17

Risk & Legal

61
Risk · 0-100
MODERATE61 / 100

United Country presents caution-level risk: a contracting system facing existential litigation threats to its commission-based model, with opaque financial performance and no territorial protection.

Score breakdown · what drove the 61 / 100 rating

  1. 01MINORDeclining unit count (-4.1% YoY) indicates contracting franchise system despite low entry cost
  2. 02MINORNo average revenue or net income disclosure (Item 19) prevents ROI assessment and suggests weak performance data
  3. 03HIGHHigh-impact litigation involving NAR antitrust/commission violations directly threatens franchisee revenue model and business viability
  4. 04MEDUnprotected territory creates direct competition risk between franchisees and cannibalization of commissions
  5. 05HIGH6-12% royalty range on gross commissions is substantial burden in declining real estate market with litigation-induced commission pressure
  6. 06HIGHGoing concern status raises questions about franchisor financial stability and long-term support capability

Severity inferred from the FDD text · not a regulatory classification

FDD Items 5, 6, 12, 17 · continued from Risk & Legal

Contract & Territory Detail

Territory
site license
Protected territory
No
Initial term
5 years
Renewal term
5 years
Online sales rights
Granted
Franchisor can compete
Yes
Hire a manager?
Allowed
Litigation count
6
Right of first refusal
Yes
Franchisor can buy back on resale
Mandatory arbitration
Yes
Jury trial waiver
Yes
Owner-operator
Optional
Governing law
Missouri

Item 11

Training & Operations

Classroom training
23 hrs
On-the-job training
0 hrs
POS system
Bullseye Productivity Platform
Operating tech stack

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

81 numbers

Locked
(509) 481-••••
ID
(334) 268-••••
AL
(501) 254-••••
AR

One-time purchase · CSV download · Validation questions included

FDD download

United Country Real Estate · FDD (2025) PDF

Single-page checkout · instant download · CSV export of contacts available separately above