Franchises · 2026 FDD · Wisconsin DFI filing 640791
Real Property Management franchise cost, unit revenue and closures
Opening a Real Property Management cost $99,341 to $244,302 in the 2026 FDD; the franchisor's revenue disclosure has no single unit figure; 11.8% of franchised units closed over three years.
Franchisor: Real Property Management SPV LLC. FDD issued 2026-04-02, amended 2026-08-11. Fiscal year end 2025-12-31. Figures re-found on the cited page 2026-11-03.
What a unit costs to open
single franchise.
What a unit pays the franchisor
| Initial franchise fee | $69,900 | Item 5, p. 18 |
|---|---|---|
| Royalty | License Fee 8.5% of Real Revenue in months 1 to 12, 8.25% in months 13 to 24 and 8% thereafter, or a minimum that rises from $250 per month | Item 6, p. 21 |
| Advertising fund | Marketing, Advertising and Promotion (MAP) Fee 2% of Real Revenue, plus local marketing of up to 5% | Item 6, p. 21 |
standard franchise in a metropolitan area over 100,000 people; only the VetFran discount goes below this.
The rate steps down to 8% from the third year.
What a unit sells
Item 19 is optional and is the franchisor's own representation. It is shown here as filed, with the franchisor's measure, sample and period, and nothing is estimated where it is missing.
Item 19 present, no single unit figure. 2025 units managed and annual revenue per managed unit, by franchise age and overall: the 421 reporting franchises managed an average of 260 units (median 123) at an average annual revenue of $4,552 per unit (median $4,256); no revenue-per-franchise figure is given (Item 19, p. 69, 70, 71).
Sample: 421 reporting franchises in 2025, split into 81 open one to three years (average 101 units, $5,377 per unit) and 340 over three years (average 312 units, $4,441 per unit); a rent table covers 420 franchises. Period: 2025 calendar year.
Revenue to investment
Undefined: Item 19 reports revenue per managed unit, not per franchise.
How many units open and close
| Franchised units | 2023 | 2024 | 2025 |
|---|---|---|---|
| Start of year | 389 | 422 | 447 |
| Opened | 39 | 37 | 31 |
| Terminated | 5 | 11 | 19 |
| Not renewed | 1 | 0 | 7 |
| Reacquired by franchisor | 0 | 0 | 0 |
| Ceased, other reasons | 0 | 1 | 2 |
| End of year | 422 | 447 | 450 |
| Company-owned, end of year | 0 | 0 | 0 |
Item 20, Table 1 p. 72; Table 3 totals p. 79.
Closures are the franchisor's Item 20 counts of units terminated, not renewed, or ceased for other reasons, summed over 2023–2025 and divided by franchised units at the start of 2023. Units the franchisor reacquired are not closures. This is an Item 20 count, not a failure rate.
Source and method
Every figure above comes from the Real Property Management Franchise Disclosure Document issued 2026-04-02 and amended 2026-08-11, as filed with the Wisconsin Department of Financial Institutions (filing 640791, registry record). The PDF is the franchisor's and is not hosted here; the item and page beside each figure is where to check it. Item 7 and Item 20 tables were read cell by cell; Item 19 was read by hand; each Item 20 year was checked to sum (start + opened − exits = end) before it was recorded.
Informational only, not professional, legal or investment advice. Unitnomics computes from the filing and does not advise on, rank, or refer to any franchise. Last reviewed: November 2026.