United Real Estate
Formerly known as Five Star Bath Solutions
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.
- Rated MODERATE with a risk score of 64/100. SBA loan default rate of 0.0% across 135 loans (below the industry average).
- 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
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 Real Estate unit return on the cash you put in?
Unlevered ROIC · per unit
33%
In Yale's "attractive" band (30–60%)
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.
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 · 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 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
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.
Score breakdown · what drove the 64 / 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
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
58 numbers
One-time purchase · CSV download · Validation questions included
FDD download
United Real Estate · FDD (2024) PDF