New Again Houses Franchise
Audited FinancialsRisk Score
Pending analysis
Investment Range
$127,000 - $208,000
Franchise Fee
$45,000
Total US Locations
49
Business Summary
New Again Houses® operates a business that specializes in purchasing, remodeling, and selling residential properties using various products, methods, techniques, and services. The business leverages proprietary software and systems for lead generation, deal analysis, training, branding, and forming partnerships. New Again Houses franchisees are not required to hold contractor or real estate agent licenses, beyond standard business licenses, and the system is designed for a low cost of entry, initially requiring no employees or dedicated office space. As the business grows, franchisees can choose to add staff and maintain a commercial office presence.
Corporate History
New Again Franchising, Inc. was incorporated in Tennessee on July 9, 2018. The New Again Houses® brand specializes in purchasing, remodeling, and selling residential properties. The founder, Thomas Matthew Lavinder, began this real estate development work in July 2009 under a different company, Lavinder Development, LLC. This entity later evolved into Lavinder Development, Inc., which, managed by New Again, Inc. (incorporated in 2013), became the primary management arm of New Again Houses in 2014. The trademarks are owned by an affiliate, New Again IP, LLC, also converted in 2013. Other affiliates support construction and real estate agent training.
Financial Overview
Investment Range
$127,000 - $208,000
Franchise Fee (Low)
$45,000
Franchise Fee (High)
$45,000
Royalty %
2.25%
Equipment Costs (Low)
$1,500
Equipment Costs (High)
$5,000
Working Capital
$15,000
Audited Financials
Yes
Offers Financing
No
Audit Opinion
Unqualified opinion
Financial Health Notes
New Again Franchising, Inc.'s financial statements raise concerns about its ability to provide services and support to franchisees, as noted in the FDD's Special Risks section. The company has negative working capital of $(643,175) in 2024 and $(572,178) in 2023, indicating that its current liabilities significantly exceed its current assets. New Again Franchising, Inc. also reported a net loss of $(179,127) in 2024 and $(253,668) in 2022, though it had a small net income of $24,917 in 2023. The company has a substantial accumulated shareholder deficit of $(451,599) in 2024 and relies heavily on an affiliate line of credit, which stood at $640,481 in 2024.
Financing Details
New Again Franchising, Inc. does not offer any direct or indirect financing to its franchisees. Additionally, New Again Franchising, Inc. does not guarantee any franchisee notes, leases, or other financial obligations.
Performance Metrics
Total US Locations
49
Franchised Units
48
Corporate Units
1
Franchising Since
2020
Legal & Compliance Analysis
Recent Litigation
No
Bankruptcy
No
Litigation Summary
New Again Franchising, Inc. has no litigation to report in this Item.
Bankruptcy History
New Again Franchising, Inc. has no bankruptcy history to report.
Agreement Terms
Initial Term
10 years
Renewal Term
5 years
Renewal Conditions
New Again Houses franchisees may renew their Franchise Agreement for two additional five-year terms. To do so, they must provide notice of their election to renew between six and twelve months before the current term ends. Franchisees must be in full compliance with the Franchise Agreement, the Operations Manual, and all other agreements, and must have satisfied all monetary obligations on time. They are required to perform any remodeling, repairs, and renovations to conform their business to current New Again Houses standards, complete any required retraining at their own expense, and sign a general release of claims against New Again Franchising, Inc. and its affiliates. Finally, franchisees must pay the required renewal fee.
Training & Support Program
Franchisor Assistance
New Again Franchising, Inc. provides comprehensive support to its franchisees. Before opening, New Again Houses designates a territory and approves the franchisee's home office location. It offers an initial one-week virtual training program for the franchisee and their manager, and loans a copy of the Operations Manual. New Again Houses also provides one week of remote or virtual team assistance for the opening of the business, with additional days available at a per diem charge. The franchisor consults on opening advertising campaigns and supplies lists of required products, services, and approved suppliers. After opening, New Again Houses publishes updates to approved suppliers, provides marketing and advertising data and advice, and offers management seminars and newsletters. The franchisor conducts periodic field evaluations, offers individual or group advice via visits, phone, or electronic media, and provides written and electronic bulletins on plans and developments. New Again Houses also ensures access to Operations Manual updates, protects its trademarks by defending against third-party claims, and reviews proposed transfers of the franchise.
Initial Training Hours
75
Training Location
Online/virtual
Ongoing Support
New Again Houses franchisees receive ongoing support including potential additional, supplemental, or refresher training sessions. The franchisor may require at least one owner to attend an annual conference, with 60 days' notice, for which franchisees pay a monthly fee of $71, subject to annual increases. New Again Houses also provides field support and consultation services, delivered off-site, telephonically, electronically, virtually, or via mobile devices.
Franchise Requirements
Ideal Candidate Profile
New Again Houses seeks franchisees who are willing to supervise their business personally and dedicate their time and best efforts to its operation. While not required to be a licensed contractor or real estate agent (beyond standard business licenses), the ideal candidate should be prepared for a hands-on role. Franchisees may also designate a manager to handle full-time, day-to-day management, with that manager dedicating at least 20 hours per week to the business. The system is designed for ease of access and a low cost of entry, with no initial requirement for employees or office space, suggesting an ideal candidate could start as an owner-operator and scale up.
Industry Experience Required
No
Management Experience Required
Yes
Sales Experience Required
No
Technical Skills Required
No
Operational Details
Location Type
Home-Based
Owner Participation
Hands-On
Territory Type
Protected
Territory Size Requirements
New Again Houses defines franchise territories based on several criteria including the driving radius from the franchisee's home address, population, median home value, home ownership percentage, and median household income. The minimum territory granted has a population of 400,000 people, with an ideal territory being within 45 minutes of the franchisee's home and containing sufficient housing stock for remodeling and sale. However, the Franchise Agreement also specifies that the protected territory will consist of the area within the same zip code as the Unit Location.
Staffing Notes
New Again Houses initially requires no employees or office space, allowing for a low cost of entry. However, as the New Again Houses business grows, franchisees are encouraged to add employees, contractors, and other staff. Franchisees are always required to employ competent and properly trained staff, whether as employees or contractors, in numbers sufficient to serve clients promptly. Franchisees are also expected to designate a manager, who may be a Key Principal or another individual, to oversee day-to-day operations and participate personally in the business for at least 20 hours per week. If a franchisee operates three or more businesses, New Again Houses may require the employment of one or more district managers, with each overseeing a maximum of six locations. These district managers must spend at least 25 hours per week actively supervising and managing, including 10 hours on-premises.