SVN

Item 7 details the initial investment range of $48,500-$124,150, including a $30,000 franchise fee, making SVN one of the more affordable entries into brokerage—far below typical real estate franchises. Ongoing fees include tiered royalties (7% on first $2M gross receipts, 5% to $4M, 3% thereafter), up to 2% brand fund, $1,200 monthly platform fee, and $1,800 annual product council fee. Item 19 discloses earnings, offering transparency into potential revenue from listings, sales, leases, and ancillaries like property management, though success hinges on advisor recruitment and market conditions in this mature industry.

System health shows stability: 115 locations since 2002, just 2 terminations and 4 transfers last year, but 7 non-renewals signal some exits. Projected 10 new units reflect moderate expansion, backed by 3 SBA loans averaging $253,567—indicating lender confidence despite a 2021 settled litigation over exclusivity and advisor poaching. For investors, the low upfront cost and tiered fees could mean strong margins if you build a top team, but economic sensitivity and competition demand proven sales chops to justify the leap.