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Description

How to Start a Hommati Franchise?

To launch your own Hommati franchise, you will begin by completing a franchise application. After approval, you’ll participate in an initial training program that covers operation under the Hommati system. This training is crucial as it equips you with the necessary skills to provide digital real estate marketing services. Once you’ve completed your training, you’ll be given access to the franchise dashboard, where you can manage your business activities and client engagements.

What Are the Costs Associated with a Hommati Franchise?

The total investment required to open a Hommati franchise ranges from $69,440 to $83,998, which includes a franchise fee of approximately $46,250 to $46,350 paid to the franchisor. It's essential to budget for ongoing expenses such as technology fees, royalties, and marketing costs. Franchisees pay an 8% royalty on the first $12,500 of monthly gross revenues, followed by decreasing rates for higher revenue tiers. Understanding these financial commitments is critical to ensure your franchise is financially viable.

Why Choose a Hommati Franchise?

Hommati stands out in the real estate marketing industry by offering a comprehensive suite of services, including 3D tours, drone videos, and virtual reality experiences. This diverse range of offerings allows franchisees to cater to various client needs, enhancing their business potential. Furthermore, franchisees benefit from a well-established brand and ongoing support from the Hommati team, ensuring they are equipped to succeed in a competitive market.

Is a Hommati Franchise Right for You?

Owning a Hommati franchise may be ideal for individuals passionate about real estate and technology. The franchise model allows for flexibility in operation, as many franchisees work part-time while still achieving significant revenue. With an average revenue of around $27,758 for part-time operators, the franchise offers a solid opportunity for those willing to dedicate time and effort. If you are a self-starter interested in digital marketing and real estate, a Hommati franchise could align well with your aspirations.

Hommati Franchise Financial Requirements

Below, you’ll find an overview of the initial investment needed to launch the business, along with the ongoing fees required by the franchisor to maintain operations over time.

A broad sector defining similar types of franchise businesses.

Industry

Real Estate Franchises
A more specific division within the broader industry.

Category

Real Estate Marketing Services
Available financing options to help start the franchise.

Funding Year

2017
The main organization that owns the franchise brand.

Parent Company

Hommati Franchise Network Inc.
The key individuals guiding the franchise’s strategy and growth.

Leadership

Jerry Clum
The official business address of the franchisor’s headquarters.

Corporate Address

6264 South Sunbury Road, Suite 100, Westerville, Ohio 43081
The total amount required to launch the franchise.

Initial Investment

$69,440 - $83,998
The initial fee paid to join the franchise system.

Franchise Fee

$44,900
Ongoing percentage of revenue paid to the franchisor.

Royalty Fee

8%
Regular contribution toward the franchise’s advertising fund.

Marketing Fee

4%
The minimum liquid capital you must have on hand.

Cash Required

$69,440 - $83,998
The minimum total assets (minus liabilities) you must possess.

Net Worth Required

$200,000 - $400,000
The typical yearly revenue generated per franchise location.

Average Revenue

$111,815.73
The middle value of yearly revenue among franchise locations.

Median Revenue

$78,026
The smallest reported annual revenue among franchisees.

Lowest Revenue

$2,427.64
The largest reported annual revenue among franchisees.

Highest Revenue

$340,964.86
The estimated timeframe to recover your initial costs.

Breakeven Time

12 Months
The estimated period to recoup your total investment.

Investment Payback

15 Months

Hommati Franchise Unit Growth Summary

A breakdown of corporate, franchised, and total units, with yearly net changes shown in the chart and table.

The overall number of operating franchise locations.

Total Units

136
The number of locations owned by independent franchisees.

Franchised Units

128
The number of locations owned and run by the franchisor.

Corporate Units

8
Units 2021 2022 2023
Total Units 97 125 136
Net Change YoY 28 11
Franchised Units 97 125 128
Net Change YoY 28 3
Corporate Units 0 0 8
Net Change YoY 0 8

Company Background

Hommati is a forward-thinking real estate franchise that leverages cutting-edge technology to enhance the home buying and selling experience. Established with the goal of revolutionizing the traditional real estate model, Hommati provides franchisees with a comprehensive suite of tools, including virtual tours, 3D home imaging, and effective marketing strategies. With a focus on customer-centric service, Hommati empowers agents and homeowners alike, creating a seamless transition in the real estate market.

Franchise Opportunity

Investing in a Hommati franchise offers a unique opportunity to tap into the growing real estate market with a modern approach. Franchisees benefit from an established brand reputation and a proven business model that emphasizes innovative marketing and technology. With training and ongoing support provided, Hommati equips you with the necessary resources to thrive, making it an attractive option for aspiring entrepreneurs looking to make their mark in real estate.

Corporate Structure

Hommati operates under the corporate entity Hommati, Inc., which was founded in 2015. Headquartered in the United States, the company has rapidly expanded its footprint through franchising, allowing local entrepreneurs to operate under the Hommati brand. The corporate structure supports franchisees with a dedicated team that focuses on growth, compliance, and operational efficiency, ensuring that each franchise location benefits from shared knowledge and resources.

Royalties

Hommati franchisees are required to pay a royalty fee of 6% of gross sales, designed to support ongoing brand development and marketing initiatives. Additionally, there is a local advertising contribution of 2% that allows franchisees to participate in targeted marketing efforts within their communities. This structured fee system ensures that franchisees can benefit from a robust marketing strategy while contributing to the overall strength of the brand.

Company Mission

The mission of Hommati is to redefine the real estate experience by utilizing innovative technology and exceptional customer service. We aim to empower our franchisees and their clients with tools that simplify the buying and selling process, making it more transparent and efficient. Hommati is dedicated to fostering a community of knowledgeable agents who are committed to providing personalized service and a seamless experience for every client.

Brand Story

Hommati was founded on the principle that real estate should be more accessible and engaging for everyone involved. Since its inception, the brand has focused on integrating technology into real estate transactions, offering services like virtual property tours that attract buyers and streamline sales. As the franchise expands, it continues to maintain its commitment to innovation and customer service, establishing itself as a trusted name in the real estate industry. Each Hommati location serves as a testament to the brand’s dedication to transforming the way people experience real estate.

Frequently Asked Questions

The estimated initial investment for a Hommati franchise ranges from $69,440 to $83,998. This amount includes the initial franchise fee and other startup costs such as equipment and marketing materials.