Franchising a RE/MAX office can run anywhere between $40,000 and $300,000. These costs cover the initial franchise fee, office set-up, signage, fixtures and equipment, inventory and supplies, training, as well as other miscellaneous opening costs.
Full Answer
What is an RE/MAX franchise?
RE/MAX, LLC is formerly known as RE/MAX International, Inc. The franchise offered is for the operation of a RE/MAX real estate sales office, which offers a variety of real estate services to the general public.
How many RE/MAX locations are there in the USA?
As of the 2018 Franchise Disclosure Document, there are 3668 franchised RE/MAX locations in the USA. Are there any RE/MAX franchise opportunities near me? Based on 2018 FDD data, RE/MAX has franchise locations in 50 states plus DC.
Is RE/MAX the fastest-growing franchise in the world?
Global real estate leader RE/MAX, LLC has been named one of the world's fastest-growing franchises in Entrepreneur magazine's Fastest-Growing Franchise Rankings for 2014. RE/MAX ranked 16 (th) overall and is the only real estate company on the list.
Why work with RE/MAX?
The RE/MAX system appeals to motivated, qualified real estate professionals around the world who want to deliver unforgettable service and results to their clients. No matter what language you speak or what country you call home, the RE/MAX image, brand-name recognition and global presence can open many doors for you.
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How much does it cost to open a Remax franchise?
Total Investment: The total investment necessary to begin operation of a “Remax” franchise ranges from $40,000 – $284,400. Initial Fees: Initial franchise fee: $17,500 – $35,000.
How much does a re MAX franchise owner make?
What is the average salary of RE/MAX Franchise Owner? RE/MAX Franchise Owners earn $50,000 annually, or $24 per hour, which is 18% lower than the national average for all Franchise Owners at $60,000 annually and 28% lower than the national salary average for all working Americans.
How do real estate franchises work?
A real estate franchise is a business model where an individual or company licenses the use of the franchisor's trademark and offers services to customers at a fixed location or through remote services.
How much does it cost to buy part of a franchise?
Franchise fees are typically between $25,000 to $50,000 on average. 2) Startup Costs: These are the expenses you'll incur to get your new business open and operating. Initial investment costs vary widely from franchise to franchise.
What is ReMax Commission split?
RE/MAX lets agents choose between a 95/5 commission split, plus a monthly desk fee, and an 80/20, 70/30, or 60/40 split with no monthly desk fee. However, there might be differences among different RE/MAX offices.
Which franchise makes the most money?
What is the most profitable franchise to own? According to the Franchise 500 list of 2021, Taco Bell is the most profitable franchise to own. The food chain has been franchising for nearly 6 decades and is still seeking franchises worldwide. As of 2021, they have 7,567 open units.
What is a franchise fee in real estate?
Franchises have an upfront franchise fee ranging from $10,000 to $50,000. This is in addition to training, and the office build-out. For example, the median total cost of opening a RE/MAX or Keller Williams franchise today is just over $140,000, and the total cost can be as high as $350,000.
How much does a Keller Williams franchise cost?
It costs anywhere from $183,947 to $336,995 to open a Keller Williams Realty office franchise, including a $35,000 upfront franchise fee. In addition, Keller Williams franchisees are required to have at least $150,000 in cash or other liquid assets on hand.
What is the difference of a franchise broker and realty broker?
Franchise brokers are limited on how they operate, brand, and market themselves. Independent brokers have the freedom and flexibility to run their own business, develop their own voice, and grant their agents more autonomy.
How do franchise owners get paid?
How do franchise owners get paid? Franchise owners can pay themselves a salary or depending on their business entity, they may be able to take a draw from their accumulated equity.
Do franchise owners have to work?
Owning a franchise unit can be demanding, requiring work of 60 to 70 hours a week, but owners have the satisfaction of knowing that their business's success is a result of their own hard work. Some people look for franchise opportunities that are less demanding and may only require a part-time commitment.
How do you fund a franchise?
Options for funding a franchiseFranchisor financing. ... Commercial bank loans. ... Small Business Association (SBA) loans. ... Alternative lenders. ... Personal assets. ... Rollovers as business startup (ROBS) ... Crowdfunding. ... Friends and family.
How much does franchise owner make?
According to a survey done by Franchise Business Review involving 28,500 franchise owners, the average pre-tax annual income of franchise owners is about 80,000 dollars.
Who owns Re Max Holdings?
REMAX Holdings owns 58.3% and RIHI owns 41.7% of RE/MAX LLC.
How much does a Keller Williams franchise cost?
It costs anywhere from $183,947 to $336,995 to open a Keller Williams Realty office franchise, including a $35,000 upfront franchise fee. In addition, Keller Williams franchisees are required to have at least $150,000 in cash or other liquid assets on hand.
What is a franchise fee in real estate?
Franchises have an upfront franchise fee ranging from $10,000 to $50,000. This is in addition to training, and the office build-out. For example, the median total cost of opening a RE/MAX or Keller Williams franchise today is just over $140,000, and the total cost can be as high as $350,000.
How many agents does RE/MAX have?
Nobody in the world sells more real estate than RE/MAX, which has grown to over 100,000 agents in nearly 100 countries. It’s a diverse network of professionals who work together across borders and cultures in the spirit of sharing success. Whether you purchase an office in an established area like Australia, Europe or South Africa, or introduce the brand to consumers in a new RE/MAX region, you’re joining a dynamic network with unparalleled competitive advantages. And you benefit from elements such as a reputation based on 40 years of hard work, strength in advertising and a core philosophy that everybody wins.
What is a RE/MAX system?
The RE/MAX system appeals to motivated, qualified real estate professionals around the world who want to deliver unforgettable service and results to their clients. No matter what language you speak or what country you call home, the RE/MAX image, brand-name recognition and global presence can open many doors for you.
What is the first step in a RE/MAX journey?
The first step in your RE/MAX journey is deciding to reach out and express your interest. Why not do it today?
How much does it cost to buy a RE/MAX franchise?
When buying a RE/MAX franchise, expect to shell out around $39,500 to $221,000 for your initial investment. To know more about the initial costs and other fees, here’s a complete breakdown:
How Much Does a RE/MAX Franchise Cost?
So how much does a RE/MAX franchise cost? While you can choose between several franchising options, an all-in investment amount that covers the franchise fee and startup costs is $39,500.
How Do I Start a RE/MAX Franchise?
If you’re ready to apply for a RE/MAX franchise, “it all starts with a zero-pressure conversation.” The franchise sales team will gladly offer several franchising options fit for your business needs. However, you have to be a licensed real estate broker to buy a real estate franchise or independent brokerage.
What is The Mr. Appliance Franchise Cost?
For your home and office appliance needs and repairs, there’s only one name you can trust if you’re in the United States or Canada. Mr. Appliance is a reliable company with decades of experience. The company has been offering franchising opportunities since 1996. So, if you want a money-making venture, learn more about Mr. Appliance’s franchise terms and costs.
How much can a franchisee finance?
It’s possible to finance up to 100% of the initial franchise fee for a period of up to 60 months. The offer will be set at an interest rate of the then-current prime rate and 2.5% APR.
How long does franchising training last?
The franchisor will hold an initial training period for the franchisees and a manager. However, if it’s an entity or a corporation, a managing owner (at least 10% interest) must undergo training. The location of the training could be held at a franchise store or a support center. Initial training includes the “Franchise Induction Program.” It lasts ten days and can be extended depending on the franchisee.
Why franchise cleaning service?
It’s a brilliant idea to franchise this cleaning service company because of its unique and holistic franchise model. The master franchisees help unit franchisees garner customers by solicitation. Moreover, they boast in providing all-out support to unit franchisees as well.
When did they begin franchising?
They began franchising in 1974. The average Brokerage franchise began franchising in 2007.
Are there any RE/MAX franchise opportunities near me?
Based on 2018 FDD data, RE/MAX has franchise locations in 50 states plus DC. The largest region is the South with 1332 franchise locations.
How long does a franchise last?
Definition: The length of time your franchise agreement will last. What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease.
What is the franchise fee?
What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.
What is royalty fee for franchise?
This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.
What is a franchisor's going fee?
Varies. Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts. What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide.
Do franchisors have in-house financing?
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
Going up?
That’s why now is a great time to elevate your vision, your career and your lifestyle alongside the #1 name in real estate. 3 Owning a RE/MAX franchise can help lift your business to its highest potential.
Business-boosting averages
Other networks may talk a big game, but there’s no denying the numbers. RE/MAX tops the charts for major metrics such as total global transactions 1, U.S. and Canadian brand awareness 3, transactions per agent at large brokerages 2 and global presence.
