Commission Express Franchise

Commission advances for real estate agents and brokers

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John L Stedman and Joseph M. Giovannelli founded Commission Express, based in Fairfax, Virginia, in 1992. With most real estate transactions, an agent waits between 30 and 90 days to receive his or her commission. In the meantime, the agent still has to cover the costs of running an office and paying employees. Commission Express franchisees essentially offer agents cash advances by purchasing an agent's outstanding commissions at a discount. When the home purchase is completed and the commission is received, Commission Express withholds between 8 and 14 percent in fees. Franchisees provide their own capital to purchase the commissions.The total investment necessary to begin operation of a Commission Express franchised business with a protected development territory ranges from $172,300 to $301,500. This includes $10,000 (for a small territory), $25,000 (for a medium territory) or $50,000 (for a large territory) that must be paid to the franchisor. The total investment necessary to begin operation of a Commission Express franchised business with an open market development territory ranges from $112,800 to $192,500. This includes $25,000 that must be paid to the franchisor.

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Please Note: The operators of Commission Express, may not have verified the accuracy of the Franchise information contained within this website. For accurate up-to-date information, investors are strongly recommended to visit the official Commission Express website.

How much does it cost to open a Commission Express Franchise ?

The investment required to open a Commission Express Franchise is between $112,800 - $301,500 . There is an initial franchise fee of $15,000 -$60,000 which grants you the license to run a business under the Commission Express name.

Individual Franchise Costs

  • Initial Investment:
    $112,800 -
  • Initial Franchise Fee:
    $15,000 - $60,000
  • Royalty Fee:
    Varies
  • Term of Agreement:
    10 years

Expense In-House Third Party
Franchise Fee No No
Startup Costs No No
Equipment No No
Inventory No No
Accounts Receivable No No
Payroll No No

Support
Newsletter, Meetings, Toll-free phone line, Internet, Field operations/evaluations

Marketing
Co-op advertising, Ad slicks, National media, Regional advertising

Commission Express Growth History

When did the first Commission Express open? 1992
When did Commission Express start Franchising ? 1996

Year U.S.A. Canada International Corporate
2005 64 0 0 1
2004 60 0 0 1
2003 50 0 0 1
2002 43 0 0 1
2001 35 0 0 1

15% of all franchisees own more than one unit Number of employees needed to run franchised unit: 1 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators)

General business experience


How much does a Commission Express Franchise owner make?

How much money you could make as a Commission Express Franchise owner depends on a wide variety of factors. As a business owner, your primary goals are to strive for high sales while keeping your oper_ating costs as low as possible while still maintaining quality products and service. The monthly oper_ating costs that you will incur as a Commission Express Franchise owner may include royalty fees, rent or mortgage, staffing, products, supplies, utilities, administrative costs and other things. Although your monthly oper_ating costs may vary from month to month, your start up costs are typically fixed and they will cover the majority of your initial oper_ating equipment, signage, and renovations.

Initial Investment
$15,000 - $301,500
Initial Franchise Fee
$15,000 - $60,000
Royalty Fee
Varies
Term of Agreement
10 years
Commission Express Franchise Opportunity viewed times by investors.
 

Legal Disclaimer: This information is not a franchise offering for Commission Express and should not be construed as such. The Franchise Mall makes every effort to maintain accurate franchise data but does not guarantee nor assume liability for incorrect data. We recomend that anyone seriously interested in pursuing an Commission Express franchise opportunity, review that franchise's Franchise Disclosure Document (FDD) with an attorney and accountant.