KeyGlee franchise
2024 filing · October 18, 2024GrowingShares sales figures
KeyGlee at a glance
A real estate business that finds undervalued properties and resells them at a profit in its territory. At the end of 2023 there were 64 KeyGlee locations in the US, 57 franchised and 7 company-owned.
The business
- Industry
- Real estate
- Franchisor
- KeyGlee Franchise, Inc
- The company that sells the franchises
- Franchising since
- 2020
- 4 years of selling franchises
What you pay
- Cost to open
- $122K–$312K
- A Partner unit franchise
- Franchise fee
- $100,000
- Paid once, when you sign
- Royalty
- 9% + minimum
- The greater of 9% of the gross profit on each sale or assignment or $1,800 a month, paid monthly
- Brand fund
- Yes
- Up to 1% of monthly gross profits or $200.00, whichever is more, once a fund is set up
- Agreement length
- 10 years
- Franchisor financing
- Some financing offered
Where it is
- US locations, 2023
- 64
- Franchised and company-owned
- Franchised
- 57
- Company-owned
- 7
- Change in 2 years
- +34
- Franchised locations, 2021–2023
- States
- 21
- Most in Florida, Texas and California
From KeyGlee Franchise, Inc’s 2024 filing; revenue and net loss from its audited financial statements, page 171; SBA status from the SBA Franchise Directory, October 28, 2026.
Franchisor revenue is the company that sells the franchises (royalties, fees and anything else it earns), not what a location makes.
Where it ranks
KeyGlee among all franchises with the same figure.
| Figure | KeyGlee | Among all franchises |
|---|---|---|
| Cost to open, midpointHalfway between the low and high estimate | $217,125 | Costs less than 67% of franchises |
| Franchise feePaid once, when you sign | $100,000 | Higher than 98% of franchises |
| RoyaltyShare of sales paid to the franchisor | 9% | Higher than 94% of brands with a set rate |
| US locationsFranchised and company-owned | 64 | More than 69% of franchises |
How much a KeyGlee franchise costs
Opening a Partner unit franchise costs an estimated $122,300 to $311,950. That covers the franchise fee and everything else needed to open, through the first months of working capital.
Source: KeyGlee Franchise, Inc, 2024 filing, page 18
KeyGlee franchise fee
The franchise fee is $100,000. You pay it when you sign the franchise agreement.
Source: KeyGlee Franchise, Inc, 2024 filing, page 10
Royalty and ongoing fees
| Royalty | The greater of 9% of the gross profit on each sale or assignment or $1,800 a month, paid monthly. |
|---|---|
| Brand or marketing fund | Up to 1% of monthly gross profits or $200.00, whichever is more, once a fund is set up. |
The typical franchise royalty is 6% of sales, plus 2% for marketing. See franchise fees and royalties to compare.
Source: KeyGlee Franchise, Inc, 2024 filing, pages 11 and 12
Sales and earnings
Shares figures KeyGlee publishes sales or earnings figures for its locations. The full tables, with notes on which locations are counted, are in its filing.
Source: KeyGlee Franchise, Inc, 2024 filing, page 49
How KeyGlee compares
Of the 95 real estate franchises on this site, KeyGlee is the 69th cheapest to open and the 45th largest by number of locations.
| Figure | KeyGlee | Typical real estate brand | Typical franchise |
|---|---|---|---|
| Cost to open, low end | $122K | $69K | $222K |
| Cost to open, high end | $312K | $244K | $477K |
| Franchise fee | $100K | $35K | $40K |
| Royalty | 9% | 6% | 6% |
| US locations | 64 | 67 | 21 |
| Closed or left per year | 18% | 8.5% | – |
| Change in franchised locations, 2 yrs | +147.8% | +1.4% | – |
| Shares earnings figures | Yes | 40 of 95 | 2,147 of 3,352 |
Typical is the median across the 95 brands in real estate franchises; typical franchise, across every brand here.
Locations opened and closed
| Year | Franchised | Company-owned | Opened | Closed |
|---|---|---|---|---|
| 2019 | 0 (0) | 1 | – | – |
| 2020 | 23 (+23) | 6 | – | – |
| 2021 | 88 (+65) | 10 | +67 | −2 |
| 2022 | 106 (+18) | 5 | +42 | −24 |
| 2023 | 57 (−49) | 7 | – | – |
Closed or left counts terminations, non-renewals, locations bought back by the franchisor and locations that stopped operating.
See which brands grew most in the fastest-growing franchises rankings.
More in the guides: franchise failure rates.
Over 5 years, from the start of 2019 to the end of 2023, franchised locations went from 0 to 57 (+57). The earlier years come from the brand's 2022 filing.
Source: KeyGlee Franchise, Inc, 2024 filing, page 50
2019–2020: KeyGlee Franchise, Inc, 2022 filing, page 46
Where KeyGlee locations are
At the end of 2023, KeyGlee had locations in 22 states and territories. The most are in Florida, Texas and California.
- Florida10
- Texas9
- California7
- Colorado6
- Georgia4
- Nevada4
| State | Franchised | Company-owned | Total |
|---|---|---|---|
| Florida | 7 | 3 | 10 |
| Texas | 7 | 2 | 9 |
| California | 7 | 0 | 7 |
| Colorado | 6 | 0 | 6 |
| Georgia | 4 | 0 | 4 |
| Nevada | 4 | 0 | 4 |
| Wisconsin | 4 | 0 | 4 |
| Utah | 3 | 0 | 3 |
| Arizona | 0 | 2 | 2 |
| Idaho | 2 | 0 | 2 |
All 22 states
| Massachusetts | 2 |
|---|---|
| District of Columbia | 1 |
| Iowa | 1 |
| Michigan | 1 |
| Minnesota | 1 |
| Missouri | 1 |
| New Jersey | 1 |
| New Mexico | 1 |
| North Carolina | 1 |
| Ohio | 1 |
| Oklahoma | 1 |
| Washington | 1 |
Source: KeyGlee Franchise, Inc, 2024 filing, page 51
Who owns KeyGlee?
KeyGlee franchises are sold by KeyGlee Franchise, Inc. It is a subsidiary of KeyGlee, LLC.
From KeyGlee Franchise, Inc’s 2024 filing, page 6.
Lawsuits and bankruptcy
| Lawsuits and regulatory actions | Yes. The filing describes past or pending cases involving the franchisor, its affiliates or its executives on page 10. |
|---|---|
| Bankruptcy | None. The filing says no bankruptcy has to be disclosed. |
Franchisors must disclose lawsuits and bankruptcies involving the company, its parents and affiliates, and its executives. Many cases are routine disputes with franchisees over fees or contracts; read the descriptions in the filing and ask current owners about anything that worries you.
Source: KeyGlee Franchise, Inc, 2024 filing, litigation on page 10, bankruptcy on page 10
KeyGlee filings
A franchisor files a new disclosure each year it sells franchises. The figures on this page come from KeyGlee Franchise, Inc’s 2024 filing, issued October 18, 2024; the earlier ones below are on record with the NASAA Electronic Filing Depository and fill in older location counts.
| Filing | Issued | Registry | On this page |
|---|---|---|---|
| 2024 filing | October 18, 2024 | NASAA depository | Costs, fees and locations, 2021–2023 |
| 2022 filing | April 19, 2022 | NASAA depository | Locations, 2019–2020 |
Each link opens the filing as a PDF. See the newest filings across all brands.
