United Real EstateFranchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
FranchiseVerdict summary · 2026
A United Real Estate franchise requires a total initial investment of $145K – $386K, including a $35K franchise fee. The 2024 FDD does not disclose unit-level revenue (no Item 19). Verdict grade: A. Run a live ROI scan →
Data last verified June 18, 2026 · figures per the 2024 FDD issuance
Overview
- Investment
- $145K – $386K
- 67th pct Real Estate
- Avg gross sales
- N/A
- 25th pct Real Estate
- Royalty
- N/A
- Units
- 90
- 38th 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
Bottom line
- Total investment $145K – $386K including a $35K franchise fee.
- No Item 19 financial performance data disclosed. The franchisor chose not to publish revenue figures.
- Verdict A (Top Quintile) with a risk score of 19/100.
- 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
- Five D I, LLC
- Parent company
- United Real Estate Subsidiary Holdco, LLC
- Incorporated in
- DE
- HQ
- 2820 N.W. Barry Road, Kansas City, Missouri 64154
- Auditor
- Mayer Hoffman McCann P.C.
- Audited financials
- Franchisor revenue
- $509.8M
- vs $490.1M prior year
Overview
About
Franchisees operate real estate brokerage offices recruiting and managing licensed agents who conduct residential buy/sell transactions and lease agreements. Revenue flows from agent affiliation fees ($45/month per agent), per-transaction commissions ($75 per buy/sell side, $45 per lease), and franchisor support services. Daily operations involve agent recruitment, compliance management, transaction processing, and client relationship management.
- CEO
- M. Daniel Duffy
- Headquarters
- MO
- Founded
- 2008
- FDD year
- 2024
- States available
- 27
FDD Item 7 · 2024 filing
Initial investment breakdown
| Cost component | Low | High |
|---|---|---|
| Initial franchise fee | $35K | $35K |
| Working capital (3–6 mo) | $100K | $150K |
| Equipment, build-out, other | $10K | $201K |
| Total initial investment | $145K | $386K |
Source: United Real Estate 2024 FDD, Items 5 and 7[2]. “Equipment, build-out, other” is computed as total minus disclosed line items above.
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $145K – $386K
- Near category avg vs category
- Liquid capital req'd
- $100K – $150K
- Below avg, review vs category
- Franchise fee
- $35K – $35K
- Better than avg vs category
- Royalty
- Monthly Agent Affiliation Fee: $45 per Agent; Monthly Rea…
- Ad fund
- 0.0%
- typical 3–5%
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Marketing / ad fund | 0.0% of gross sales |
| Transfer fee | $5K |
| Renewal fee | $5K |
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 United Real Estate Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 90
- Opened
- 1
- Last reporting year
- Closed
- 2
- Turnover rate
- 2.2%
- Company-owned
- 18
- Corporate units in the system
- % franchised
- 80%
- vs corporate-owned
- Multi-unit owners
- 25.0%
- Net growth (yr3)
- -1.4%
- Net unit change last year
- 3-yr CAGR
- +2.9%
- Compounded over last 3 years
3-year detail · Item 20
- Transfers (3yr)
- 0
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 15 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.
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA loan disclosures. This brand has only 2 7(a) loans on file; statistical reliability is limited below 10 loans.
- Total loans
- 2
- Loan volume
- $953K
- Median loan
- $477K
- average
- 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
United Real Estate operates a contracting 90-unit franchise system facing five antitrust class actions, undisclosed financials, and no territorial protection, making it a high-risk investment despite moderate initial capital requirements.
Audited financials (Item 21)
Yes · Mayer Hoffman McCann P.C.
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Score breakdown · what drove the 19 / 100 rating
- 01MINORSystem contracting: 90 units declining 1.4% YoY indicates stagnant/negative growth trajectory
- 02MINORFive concurrent putative class action lawsuits alleging antitrust violations create existential legal/reputational risk
- 03MEDNo Item 19 financial disclosure (Avg Revenue/Net Income not disclosed) prevents ROI validation and suggests weak unit economics
- 04MINORNo protected territory exposes franchisees to internal competition and cannibalization
- 05MINORMonthly per-agent fees ($45) plus transaction fees ($75 buy/sell, $45 lease) create variable cost structure dependent on agent productivity
- 06HIGH10-year term is long-duration commitment in litigation-exposed system with declining unit count
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 | Geographic boundaries |
| Protected territory | No |
| Online sales rights | Granted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Optional |
| Non-compete (years)ℹ | 1 year |
| Right of first refusalℹ | Yes |
| Termination notice | 30 days |
| Mandatory arbitration | No |
| Jury trial waiver | Yes |
| Governing law | Texas |
| Litigation count | 5 |
Items 10, 11
Training & Operations
- Classroom training
- 40 hrs
- On-the-job training
- 0 hrs
- POS system
- Bullseye Productivity Platform
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: Bullseye Productivity Platform
Item 20 · call current owners
Franchisee Contacts
58 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
United Real Estate · FDD (2024) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a United Real Estate franchise?
The total investment to open a United Real Estate franchise ranges from $145K – $386K, with an initial franchise fee of $35K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do United Real Estate franchise owners earn?
United Real Estate 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 United Real Estate's franchise failure rate?
SBA 7(a) loan charge-off data is not available for United Real Estate (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 United Real Estate franchise locations are there?
As of their most recent FDD filing, United Real Estate has 90 total units in the United States, including 20 franchised units and 18 company-owned units. 1 new units were opened in the latest reporting year.
Is United Real Estate a good franchise to buy?
FranchiseVerdict rates United Real Estate as a A-grade franchise with a risk score of 19 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.