MURPHY BUSINESS & FINANCE CORPORATION

Item 7 outlines the initial investment at $65,840-$88,050, including a $47,500 franchise fee, with ongoing costs like 10% royalties on gross revenue, plus $390-$550 monthly service fees (base plus per staff) and $360 monthly CRM fees. Item 19 data shows average gross revenue of $234,915 but a median of just $69,840, highlighting that while a few offices hit high marks, most hover far lower—likely reflecting the commission-driven nature of brokerage where deal volume drives results. No specific profit figures are broken out, but the low median suggests thin margins after fees for underperformers, demanding strong sales networks to thrive.

System health metrics paint a steady but not explosive picture: from 133 to 135 locations (+2%) between 2023-2024, with 12 projected new units signaling cautious expansion. Recent FDD notes 3 terminations, 8 non-renewals, and 2 transfers among 135 units—rates that aren't alarming but indicate some friction, possibly from revenue challenges. For investors eyeing business services, this trajectory means reliable branding in M&A and valuations, yet the revenue skew demands personal hustle over passive income; high achievers bank on relationships, while laggards struggle.