FRANCHISE·WATCH·DESK

SBA 7(a)/504 FOIA · FY1991–PRESENT · CALIFORNIA

REAL PROPERTY MANAGEMENT franchise in California: what the public record shows

Franchisees of REAL PROPERTY MANAGEMENT in California have taken 17 SBA loans in the FY1991–present FOIA files (average $580,882). Fewer than 30 of them were approved through FY2020 and have resolved, so no local loss ratio is published. REAL PROPERTY MANAGEMENT has too few seasoned resolved loans nationally for a national ratio. Its latest FDD Item 20 state table reports 43 franchised outlets in California (fiscal 2025) — about 0.11 per 100k residents.

SBA loan outcomes · Californiavs same-year franchise loans

Loans in CA

17

Charged off (all years)

1 of 10

Loss ratio in CA

—

Loss ratio nationally

—

Source: SBA 7(a)/504 FOIA files (data.sba.gov), borrower state = CA. Loss ratio = charge-offs among loans approved through FY2020 ÷ the charge-offs expected if each had defaulted at the national rate for franchise loans approved the same year; 1.0× is the same. Only charged-off and paid-in-full loans count. A ratio is shown at 30+ such loans; “not clear” marks a ratio chance alone could produce. The all-years count mixes every era and is evidence, not a rate to compare. Borrowers are matched to the brand by name and SBA franchise code; some matches may be wrong or missing.

Market density · California vs nationalDense market

Businesses in this industry

22,552

statewide, all operators

Per 100k residents

57.2

national 47.9

Versus the country

+19%

denser

Every business in REAL PROPERTY MANAGEMENT's industry operating in California — franchised and independent — from the Census Bureau's County Business Patterns (2023), against 2024 population estimates. Counter-intuitively, density is not a warning: across the brand-state cells in the loan data, denser markets have historically charged off less often than the thinnest (see the research page). A crowded market is usually proven demand; an empty one is often empty for a reason.

Labor cost · California vs nationalHigh wage pressure

Avg weekly wage, this industry

$2,183

California, BLS QCEW 2025

National average

$1,785

same industry, all states

Versus the country

+22%

costlier to staff

What REAL PROPERTY MANAGEMENT's industry actually pays workers in California, from the Bureau of Labor Statistics' Quarterly Census of Employment and Wages (2025), employment-weighted across counties. This cost signal is independent of the FDD: a market can look demand-rich above and still carry a margin headwind here if local wages run hot for the sector.

Franchised outlets in California · FDD Item 20-5 over the disclosed window
Fiscal yearFranchisedCompany-owned
2023480
2024480
2025430
Same-sector systems with SBA loan history in California4 systems
SystemLoans in CACharged off (all years)Loss ratio in CAUnits in CA
RE/MAX503 of 360.5×NOT CLEAR239
Century 21425 of 28——
Coldwell Banker (Real Estate Brokers123 of 8——
Property Management Inc.61 of 2—37

Other systems in REAL PROPERTY MANAGEMENT's sector whose franchisees borrowed in California. A loss ratio appears only where at least 30 loans approved through FY2020 have resolved; “—” means too few.

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A broker is usually paid by the franchisor to place you. I'm paid only by you, never by a franchisor you're considering — and the job is pressure-testing REAL PROPERTY MANAGEMENT’s numbers, including talking you out of a bad deal.

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