Better Homes Realty Franchise Review
Better Homes Realty is graded based on our most recent FDD research!
Franchise Information
Better Homes Realty offers real estate services for residential and commercial properties.
What is the upfront cost to be a franchise owner of a Better Homes Realty franchise?
Better Homes Realty has an initial franchise fee of up to $15,000, with a overall upfront investment range of $43,200 to $333,000.
- Initial Franchise Fee: $15,000
- Total Investment: $43,200 to $333,000
- Working Capital: $6,000 to $30,000
- Royalty Fee: 6.0%
The upfront cost of any franchise opportunity includes many fees. Explore this investment opportunity to better understand the initial costs required to buy a Better Homes Realty, such as territory fees, construction and costs, pre-opening, marketing, and technology fees.
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How much can I earn by owning a Better Homes Realty franchise?
As with any new business, the franchise owner's salary and the earnings from a Better Homes Realty business depends on a lot of different factors. One way to validate the potential revenues or profits generated from a Better Homes Realty franchise investment is to review the franchisor's Item 19 within their FDD. Typically, profits and owner's income are correspond to the size of the investment and number of locations you own. Demand for your products, your labor costs, commercial lease rates and a number of other variables also play a huge role in your profit margin and your personal salary
For more details and system-specific data on the earnings of a Better Homes Realty franchise opportunity, unlock this franchise
How many franchise locations does Better Homes Realty franchise system have?
As of the 2015 Franchise Disclosure Document, there are 68 franchised Better Homes Realty locations across the United States.
Did you know there are over 3,000 franchise opportunities across the United States. More than 80% have less than 10 locations.
Are there any Better Homes Realty franchises in my city?
Based on 2015 FDD analysis, Better Homes Realty has franchised locations in 5 states. There could be zero outlets in several states as each franchise maps out their growth strategy differently.
Based on our research this franchise opportunity is expanding into new markets and could be available near you. While planning your franchise purchase, you always need to be thinking about where is a good location for my business. Review the potential customer base to assess that the area you are looking at has a need or want for this business.
One of our consultants will have detailed knowledge about this franchise opportunity. Sign up to learn more and talk with our researchers.
Last Reviewed: 2015
Sector: Real Estate
Category: Brokerage
Better Homes Realty Franchise DATA
1 Years
1 Years
66
68
6.0%
0.0%
ADDITIONAL QUESTIONS
Do they provide any initial training and opening assistance?
Yes, they have an initial training program of 4 hours. This includes N/A hours of classroom training, N/A hours of on-the-job training, and N/A hours of online training. In their FDD they outline who's in charge of the training. Unlock to find out more.
| Online | N/A |
|---|---|
| On-the-Job | N/A |
| Classroom | N/A |
| Total | 4 |
Do they offer Territory Rights?
Better Homes Realty does NOT offer territory protections. For an explanation of territorial rights, unlock this franchise for important details.
Do they have marketing and technology support in place?
No, Better Homes Realty does NOT offer comprehensive support for franchisees.
When did they begin franchising?
They began franchising in 2009. The average Brokerage franchise began franchising in 2006.
Do they offer lending support?
Yes. They offer certain financing options within Item 10 of their FDD.
Unlock this franchise for instant access to our research findings, including:
- Growth projections
- Turnover projections
- Financial details
- Initial and renewal terms
- Royalties and marketing fees
- Critical Franchise FAQs
- Our grade and free access to consult with a franchising expert
- What are the historical franchisee revenues?
- Do they provide Veteran or First Responder discounts?
- Do they use public figures to promote their franchise?
- Do they disclose any bankruptcies?
- Is this brand affiliated with any other franchise companies or private equity investment groups?
- How many new outlets have they sold over the last 5 years?
- How many franchised outlets have closed over the last 5 years?
- How many new outlets have they sold in the last 5 years?
- How many franchised outlets have terminated over the last 5 years?
- Do they operate any corporate or affiliate owned outlets?
- How many years is their initial and renewal term lengths?
- How do they solve franchisee disputes?
- How long has the franchisor been in business?
- Are they expanding internationally?
- How are the royalty, advertising and marketing funds administered and managed by the franchisor?
- How are territories defined?
- What is the role of technology in the operation of the franchise?
- Why has new franchisee growth been so high?
- What are the critical requirements for operating a successful franchised location in this brand?
- Are you required to work as an owner-operator or is this a passive franchise opportunity?
- Will the franchisor refund any upfront fees under certain circumstances?