FRANCHISE BUNDLE
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NextHome Franchise ProfileReal Estate Franchises > Residential Brokerage |
How To Open a NextHome Franchise?
To begin your journey as a NextHome franchise owner, you'll need to complete an application process that includes submitting a franchise inquiry form. Following this, you will participate in an in-depth review of NextHome's business model and operations. If selected, you may be invited to a discovery day where you can meet with existing franchisees and the corporate team. This event is crucial for understanding the brand's culture and operational expectations. Once you receive approval, you can secure your franchise location and start your path in the real estate market with NextHome.
What Might Make a NextHome Franchise a Good Choice?
Before diving into a NextHome franchise, thorough research is essential. Speak with financial advisors and legal counsel to understand the implications of your investment. Analyze the local real estate market to assess demand and competition, as these factors can significantly impact your success. The initial investment includes a franchise fee, training costs, and ongoing royalties, which are typically a percentage of your sales. NextHome offers support to help franchisees navigate these financial commitments and may provide incentives for qualified veterans.
Why You May Want to Start a NextHome Franchise?
NextHome stands out in the real estate sector by focusing on technology and a refreshing approach to customer service. The brand is known for its modern marketing strategies and commitment to community engagement, which can attract both buyers and sellers. If you are passionate about real estate and enjoy helping people find their dream homes, a NextHome franchise could be a fulfilling opportunity. With comprehensive training and ongoing support, you’ll be equipped to build a successful business even if you’re new to the industry.
Is Owning a NextHome Franchise the Right Move for You?
NextHome has rapidly grown since its inception in 2014, boasting a network of over 500 offices across the United States. As the real estate market evolves, it demands innovative strategies and a customer-centric approach. If you are ready to embrace change and bring a modern touch to real estate in your community, consider if you possess the drive and dedication to thrive in this competitive industry. Are you prepared to make a significant impact in the real estate market while building a rewarding business?
NextHome 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.
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NextHome Franchise Unit Growth Summary
A breakdown of corporate, franchised, and total units, with yearly net changes shown in the chart and table.
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Units | 2021 | 2022 | 2023 |
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Total Units | 437 | 512 | 577 |
Net Change YoY | 75 | 65 | |
Franchised Units | 437 | 512 | 577 |
Net Change YoY | 75 | 65 | |
Corporate Units | 0 | 0 | 0 |
Net Change YoY | 0 | 0 |
Company Background
NextHome is a modern real estate franchise that was founded in 2014 with a mission to redefine the real estate experience by embracing innovative technology and a client-centered approach. With over 500 franchises across the United States, NextHome focuses on creating a supportive, collaborative environment for real estate professionals while delivering exceptional service to clients. Their unique branding and marketing strategies are designed to enhance agent visibility and help clients achieve their real estate goals efficiently.
Franchise Opportunity
Joining the NextHome franchise offers aspiring entrepreneurs a chance to enter the real estate market with a reputable brand that values integrity and innovation. NextHome provides comprehensive training and ongoing support, equipping franchisees with the tools and resources necessary to thrive in a competitive industry. The franchise model is designed for flexibility, allowing franchisees to operate in diverse markets while benefiting from a strong national presence and a network of collaborative agents.
Corporate Structure
NextHome, Inc. operates as a California corporation, officially established in 2014. The company's headquarters is located in Pleasanton, California, where it oversees franchise development and support. NextHome's corporate structure emphasizes a strong franchisee network, with a focus on building relationships and fostering collaboration among its members. The brand is committed to transparency and ethical practices in all its operations, ensuring a solid foundation for franchise success.
Royalties
NextHome franchisees are required to pay a royalty fee of 6% of their gross commission income. Additionally, franchisees contribute 2% of their gross commission income toward a national marketing fund, which supports brand advertising and promotional efforts. These fees are structured to provide franchisees with significant marketing exposure while maintaining a manageable cost structure for running the business.
Company Mission
NextHome's mission is to provide exceptional real estate services by fostering a culture of collaboration, innovation, and professionalism. The company aims to create a seamless experience for clients by leveraging technology and a network of dedicated agents who prioritize the needs of their customers. NextHome is committed to building lasting relationships within the communities it serves and empowering its agents to reach their full potential through ongoing support and education.
Brand Story
Founded with a vision to revolutionize the real estate industry, NextHome started its journey in 2014 with a focus on technology-driven solutions and a people-first approach. The brand quickly gained traction in the market, attracting real estate professionals who shared its values of integrity and dedication to client success. As a result, NextHome has grown rapidly, becoming a recognized name in the industry while continuously innovating to meet the evolving needs of buyers, sellers, and agents alike.
Frequently Asked Questions
The initial investment to start a NextHome franchise ranges from $16,250 to $220,345. This includes the initial franchise fee, which is $4,500 for a 1-year term or $8,750 for a 5-year term, along with other startup costs.