VR Business Sales / Mergers & Acquisitions Franchise Cost, Revenue & Review 2026
- Investment
- $59K – $86K
- Disclosed sales
- not disclosed
- SBA charge-off
- Not SBA-matched
Data from FDD filing
Analysis by FranchiseVerdict Research · Methodology
VR Business Sales is a business brokerage franchise that helps owners buy and sell businesses and handle mergers and acquisitions. Franchisees work as brokers, valuing businesses, listing them, and closing deals for commissions.
FranchiseVerdict summary · 2026
A VR Business Sales / Mergers & Acquisitions franchise requires a total initial investment of $59K – $86K, including a $48K franchise fee and an ongoing 9.0% royalty[2]. This franchisor makes no financial performance representation in Item 19 of its FDD. Item 19 is voluntary under the FTC Franchise Rule, and this filing states that it makes none, so no revenue or earnings figures are disclosed. Declining to publish one is lawful and is not evidence of how the outlets perform. It does mean that less about this brand can be verified from its filing, and the FranchiseVerdict grade - an editorial assessment, not investment advice - reflects that. FranchiseVerdict grade: B (Above average), an editorial assessment, not investment advice. Run a live ROI scan →
Sources, dates and evidence
FDD issued: · Data extracted: · Last cited check: · Staleness risk: medium - issued 12 to 24 months ago; a newer filing is likely on file
Evidence: strong✓ Investment (Item 7)✓ Item 19 status✓ Units and owners (Item 20)✗ SBA loan coverage✓ Litigation (Item 3)✓ Financial statements (Item 21)✓ Franchisor identityhow this is scored4 of 5 headline figures on this page cite a page of the filing; the rest are marked “Not cited” beside the figure.
Overview
- Investment
- $59K – $86K
- 40th pct Real Estate
- Avg gross sales
- N/A
- Royalty
- 9.0%
- 60th pct Real Estate
- Units
- 30
- 25th pct Real Estate
- SBA charge-off
- N/A
Quick verdict · Real Estate · color = vs category peers
Green = favorable by >10% vs Real Estate median · No shading = within ±10% · Red = unfavorable by >10% · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
Bottom line
- COSTTotal investment $59K – $86K including a $48K franchise fee, 9.0% ongoing royalty.
- RETURNSThis franchisor makes no financial performance representation in Item 19 of its FDD. Item 19 is voluntary under the FTC Franchise Rule, and this filing states that it makes none, so no revenue or earnings figures are disclosed. Declining to publish one is lawful and is not evidence of how the outlets perform. It does mean that less about this brand can be verified from its filing, and the FranchiseVerdict grade - an editorial assessment, not investment advice - reflects that.
- RISKVerdict B (Above average), verdict score 48/100 (higher is better).
- GROWTHNegative: net -3 franchised outlets in the latest year (1 opened, 3 closed) (Item 20).
- DECLINESystem contracting at -11.8% CAGR over 3 years. Investigate whether closures are franchisor-driven (consolidation) or franchisee-driven (economics).
Item 1 · who you're contracting with
The Franchisor
Corporate structure & franchisor financials
- Legal entity
- King Lombardi Acquisitions, Inc.
- CEO title
- Chief Executive Officer and Director
- Peter C. King
- Incorporated in
- DE
- HQ
- 2601 East Oakland Park Boulevard, Suite 300, Fort Lauderdale, Florida 33306
- Auditor
- Hinkle, Rhine & Root, LLC
- Audited financials
- Franchisor revenue
- $1.3M
- vs $995K prior year
Overview
About
- CEO
- Peter C. King
- Headquarters
- FL
- Founded
- 1999
- FDD year
- 2025
- States available
- 15
Can you afford it, and what does the money buy?
Entry cost runs 45% below the typical real estate franchise.
Source: FDD 2025 · Items 5–7
FDD Item 7 · 2025 filing
Initial investment breakdown
| Cost component | Low | High |
|---|---|---|
| Initial franchise fee | $48K | $48K |
| Working capital (3–6 mo) | $1K | $8K |
| Equipment, build-out, other | $11K | $31K |
| Total initial investment | $59K | $86K |
Source: VR Business Sales / Mergers & Acquisitions 2025 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
- $59K – $86K
- Top 40% of category vs category
- Liquid capital req'd
- $1K – $8K
- Top 40% of category vs category
- Franchise fee
- $48K – $48K
- Middle of category vs category
- Royalty
- 9.0%
- typical 6–8%
- Ad fund
- 0.0%
- typical 3–5%
- Total fee load
- 9.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 9.0% of gross sales |
| Marketing / ad fund | 0.0% |
| Technology fee | $2K |
| Training fee | $50 |
| Transfer fee | $25K |
| Renewal fee | $10K |
| Inventory (initial) | $500 – $2K |
| Total fee load | 9.0% of rev |
ROI & LBO modelsSingle-unit · 25-unit portfolio · editable
VR Business Sales / Mergers & Acquisitions makes no financial performance representation in Item 19 of its FDD - a voluntary item under the FTC Franchise Rule - so no unit revenue figures are disclosed. The return models need a revenue figure to start from, and the operating costs that turn gross sales into a profit are in no FDD. Enter your own and the calculator runs on your assumptions — nothing here is modelled until you do.
Returns model · single-unit ROIC
What would one VR Business Sales / Mergers & Acquisitions unit return on the cash you put in?
Illustrative category typicals — not sourced to any filing, survey or sample. Replace them with figures from franchisee validation calls before you rely on the output.
Unlevered ROIC · per unit
Your modelled return on total invested capital, before any debt financing.
—
An FDD discloses gross sales, not profit. We hold no sourced figure for annual revenue, COGS, labour, rent / occupancy and other operating costs, and will not substitute an assumed one. Enter your own and the model runs on your assumptions.
These models are for research and scenario planning only. Not investment advice. Actual results depend on your specific location, management, and market conditions. Consult a franchise attorney and accountant before signing any franchise agreement.
Item 19 · Source: 2025 FDD
Financial Performance
No financial performance representation
This franchisor makes no financial performance representation in Item 19 of its FDD. Item 19 is voluntary under the FTC Franchise Rule, and this filing states that it makes none, so no revenue or earnings figures are disclosed. Declining to publish one is lawful and is not evidence of how the outlets perform. It does mean that less about this brand can be verified from its filing, and the FranchiseVerdict grade - an editorial assessment, not investment advice - reflects that.
Item 20 of the FDD lists current and former franchisees; asking them directly is the standard way to fill this gap.
Operator outlook
What the numbers say
Data-driven interpretation of this brand's financial disclosures, fee structure, and system trajectory.
Fee burden
Total ongoing fee load of 9.0% — above the Real Estate median of 7.5%.
Disclosure
This franchisor makes no financial performance representation in Item 19 of its FDD. Item 19 is voluntary under the FTC Franchise Rule, and this filing states that it makes none, so no revenue or earnings figures are disclosed. Declining to publish one is lawful and is not evidence of how the outlets perform. It does mean that less about this brand can be verified from its filing, and the FranchiseVerdict grade - an editorial assessment, not investment advice - reflects that. Item 20 of the FDD lists current and former franchisees; asking them directly is the standard way to fill this gap.
Operator retention
System contracting at -11.8% CAGR over 3 years. Investigate whether closures are franchisor-driven consolidation or franchisee exits.
Source: FDD Item 19 financial performance representations and publicly filed FDD data. Past performance is not indicative of future results. Verify all figures with the franchisor and current franchisees before making any investment decision.
vs Real Estate medians
How VR Business Sales / Mergers & Acquisitions Compares
Category median of published Real Estate brands that report the figure; the middle half spans the 25th to 75th percentile and n counts the brands behind it. Medians are used because a few very large systems pull an average far from the typical brand. Revenue is disclosed gross sales, not profit.
Is the system healthy?
Source: FDD 2025 · Item 20
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 30
- Opened
- 1
- Last reporting year
- Closed
- 3
- Terminated
- 1
- Franchisor ended the franchise (per Item 20)
- Non-renewed
- 2
- Term expired, not renewed (per Item 20)
- Turnover rate
- 10.0%
- Company-owned
- 1
- Corporate units in the system
- % franchised
- 97%
- vs corporate-owned
- Net growth (3-yr)
- -11.8%
- Net unit change over 3 years
- 3-yr CAGR
- -11.8%
- Compounded over last 3 years
Last fiscal year · Item 20 exits and transfers
- Terminated
- 1
- Not renewed
- 2
- Transferred
- 0
- Termination rate
- 3.3%
- Franchisor-initiated terminations
- Ceased ops
- 10.0%
- Units that stopped operating
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 12 · 15 states reported
The Territory Map
FDD Item 12 reports the state count, but the specific list isn't in our current data. The map will appear once we re-extract from the FDD or enough franchisee contacts are available.
15
states with franchisees (per FDD Item 12)
Where the owners are · Item 20 owner list
23 current owners across 1 state; 3 former (terminated, transferred or not renewed) listed separately.
- MI 23
Counts only, from the list the franchisor prints in Item 20. Names and phone numbers are for your own due diligence and are not shown here.
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA 7(a) and 504 loan disclosures, public data unique to FranchiseVerdict.
No SBA loan data available for this brand.
What could kill this investment?
Source: SBA 7(a) FOIA · FDD Items 3, 21
Risk analysis
FranchiseVerdict rating + FDD Items 3, 4, 8, 16, 21
Risk & Legal
Positive equity ($674,638 net worth, $115,081 net income) and one settled regulatory matter (VA SCC, $8,000 penalty, unregistered transfer). Soft spots are no Item 19 and a -11.8% net unit decline in a small 30-unit system.
Litigation (Item 3)
Subject: the franchisor is a named party (defendant).
One prior action: Commonwealth of Virginia SCC v. King Lombardi Acquisitions, Inc. (Case No. SEC-2022-00038, settled July 12, 2023) over an unregistered franchise transfer; franchisor settled without admitting/denying allegations, offered rescission (refused by franchisee) and paid an $8,000 administrative fine.
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Hinkle, Rhine & Root, LLC
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Franchisor "Net Revenues" line includes Royalties & System Fees, Franchise Fees, and Other Revenues; used Net Revenues for franchisor_revenue_yr1/yr2.
Supplier relationship · Items 8 & 16
- Franchisor sells you products: No
- Kickbacks from required suppliers: No
- Must buy proprietary products: No
- Restricted to system-approved products: No
Score breakdown · what drove the 48 / 100 verdict
- 01MED1 regulatory settlement ($8,000), no admission
- 02MINORNo Item 19; net growth -11.8%
- 03MINORPositive equity $674,638, net income $115,081
Severity inferred from the FDD text · not a regulatory classification
What are you signing up for?
Ongoing fees run about 9.0% of sales (royalty + ad fund), before rent and labor.
Source: FDD 2025 · Items 11, 12, 17
FDD Items 12, 15, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 20 years |
|---|---|
| Renewal term | 20 years |
| Allowed renewalsℹ | 1 |
| Territory type | Exclusive territory |
| Protected territory | Yes |
| Exclusive territoryℹ | Yes |
| Territory radius | 4 mi |
| Online sales rightsℹ | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Required |
| Non-compete (years)ℹ | 2 years |
| Non-compete (miles)ℹ | 40 mi |
| Right of first refusalℹ | Yes |
| Transfer requires consent | Yes |
| Termination notice | 30 days |
| Termination groundsℹ | 24 |
| Curable defaultsℹ | 1 |
| Mandatory arbitration | Yes |
| Arbitration location | Broward County, Florida (or courts where franchisor's principal business address is located) |
| Jury trial waiver | Yes |
| Governing law | Florida |
| Litigation count | 1 |
View Item 3 litigation summary
One prior action: Commonwealth of Virginia SCC v. King Lombardi Acquisitions, Inc. (Case No. SEC-2022-00038, settled July 12, 2023) over an unregistered franchise transfer; franchisor settled without admitting/denying allegations, offered rescission (refused by franchisee) and paid an $8,000 administrative fine.
Items 10, 11
Training & Operations
- Classroom training
- 136 hrs
- On-the-job training
- 4 hrs
- Training location
- On-site and corporate
- Ongoing training
- Required
- Site selection
- franchisee
- Franchisor financing
- Not offered
- Item 10
- POS system
- Proprietary Software
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: Proprietary Software
Item 20 · call current owners
Franchisee Contacts
26 owners to call
Name · phone · city · state. Extracted from FDD Item 20
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a VR Business Sales / Mergers & Acquisitions franchise?
The total investment to open a VR Business Sales / Mergers & Acquisitions franchise ranges from $59K – $86K, with an initial franchise fee of $48K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do VR Business Sales / Mergers & Acquisitions franchise owners earn?
VR Business Sales / Mergers & Acquisitions makes no financial performance representation in Item 19 of its FDD - a voluntary item under the FTC Franchise Rule - so no unit revenue figures are disclosed. Declining to publish one is lawful and is not evidence of how the outlets perform. It does mean that less about this brand can be verified from its filing, and the FranchiseVerdict grade - an editorial assessment, not investment advice - reflects that. Item 20 of the FDD lists current and former franchisees; asking them directly is the standard way to fill this gap.
Who owns VR Business Sales / Mergers & Acquisitions?
VR Business Sales / Mergers & Acquisitions is franchised by King Lombardi Acquisitions, Inc.. Source: FDD Item 1, 2025 filing.
What is Item 19 in the VR Business Sales / Mergers & Acquisitions FDD?
The FDD section where a franchisor may disclose financial performance of its outlets. Disclosure is optional and formats vary; figures are typically gross sales, which is revenue before expenses, not profit. FranchiseVerdict extracts these figures directly from the VR Business Sales / Mergers & Acquisitions FDD and qualifies whose outlets they describe.
What is VR Business Sales / Mergers & Acquisitions's franchise failure rate?
SBA 7(a) loan charge-off data is not available for VR Business Sales / Mergers & Acquisitions (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 VR Business Sales / Mergers & Acquisitions franchise locations are there?
As of their most recent FDD filing, VR Business Sales / Mergers & Acquisitions has 30 total units in the United States, including 29 franchised units and 1 company-owned units. 1 new units were opened in the latest reporting year.
Is VR Business Sales / Mergers & Acquisitions a good franchise to buy?
FranchiseVerdict rates VR Business Sales / Mergers & Acquisitions as a B-grade franchise with a verdict score of 48 out of 100 (higher is better). The grade is a deterministic score built from six weighted dimensions — financial health, unit economics, unit growth, scale, legal, and transparency — then calibrated against SBA loan charge-off rates and FDD age. Transparency is one of the six, so a filing that discloses less scores lower on that dimension than one that discloses more. 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.
For franchisors
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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.