Start-Up Costs and Fees |
||
| NextHome | Realty Direct | |
| Investment | 14750 - 213100 | 39600 - 67700 |
| Franchise Fee | 0 | |
| Royalty Fee | $180-$190/mo. | 6% |
| Advertising Fee | $75-85/transaction | 0.25% |
| Year Founded | 2014 | 2001 |
| Year Franchised | 2014 | 2003 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| NextHome | Realty Direct | |
| Experience | Industry experience General business experience Marketing skills | |
Financing Options |
||
| NextHome | Realty Direct | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| NextHome | Realty Direct | |
| Training | Classroom Training: 28 hours | |
| Support | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | Newsletter, Meetings, Toll-free phone line, Internet, Purchasing cooperatives |
| Marketing | Ad Templates National Media Social media SEO Website development Email marketing | Co-op advertising, National media |
| Operations | Number of Employees Required to Run: 1 | Franchise can be run from home. 15% of all franchisees own more than one unit Number of employees needed to run franchised unit: 5 Absentee ownership of franchise is allowed. (75% of current franchisees are owner/operators) |
Expansion Plans |
||
| NextHome | Realty Direct | |
| US Expansion | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming | Alaska, Alabama, Arkansas, Arizona, Colorado, Connecticut, Delaware, Florida, Georgia, Iowa, Idaho, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Missouri, Mississippi, Montana, Nebraska, North Carolina, New Hampshire, New Jersey, New Mexico, Nevada, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, Vermont, West Virginia, Wyoming, |
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| NextHome | |
| Realty Direct | |
| Franchise Fee | |
| NextHome | |
| Realty Direct | |
| Royalty Fee | |
| NextHome | $180-$190/mo. |
| Realty Direct | 6% |
| Advertising Fee | |
| NextHome | $75-85/transaction |
| Realty Direct | 0.25% |
| Year Founded | |
| NextHome | 2014 |
| Realty Direct | 2001 |
| Year Franchised | |
| NextHome | 2014 |
| Realty Direct | 2003 |
| Term Of Agreement | |
| NextHome | |
| Realty Direct | 6 years |
| Renewal Fee | |
| NextHome | |
| Realty Direct | $2K |
Business Experience Requirements |
|
| Experience | |
| NextHome | |
| Realty Direct | Industry experience General business experience Marketing skills |
Financing Options |
|
| Franchise Fees | |
| NextHome | |
| Realty Direct | |
| Start-up Costs | |
| NextHome | |
| Realty Direct | |
| Equipment | |
| NextHome} | |
| Realty Direct | |
| Inventory | |
| NextHome | |
| Realty Direct | |
| Receivables | |
| NextHome | |
| Realty Direct | |
| Payroll | |
| NextHome | |
| Realty Direct | |
Training & Support |
|
| Training | |
| NextHome | Classroom Training: 28 hours |
| Realty Direct | |
| Support | |
| NextHome | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Realty Direct | Newsletter, Meetings, Toll-free phone line, Internet, Purchasing cooperatives |
| Marketing | |
| NextHome | Ad Templates National Media Social media SEO Website development Email marketing |
| Realty Direct | Co-op advertising, National media |
| Operations | |
| NextHome | Number of Employees Required to Run: 1 |
| Realty Direct | Franchise can be run from home. 15% of all franchisees own more than one unit Number of employees needed to run franchised unit: 5 Absentee ownership of franchise is allowed. (75% of current franchisees are owner/operators) |
Expansion Plans |
|
| US Expansion | |
| NextHome | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| Realty Direct | Alaska, Alabama, Arkansas, Arizona, Colorado, Connecticut, Delaware, Florida, Georgia, Iowa, Idaho, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Missouri, Mississippi, Montana, Nebraska, North Carolina, New Hampshire, New Jersey, New Mexico, Nevada, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, Vermont, West Virginia, Wyoming, |
| Canada Expansion | |
| NextHome | |
| Realty Direct | |
| International Expansion | |
| NextHome | |
| Realty Direct | |