6/10

Franchimp Summary Rating

4 /10
Franchisee Attrition
Lower than 68% of peers
8 /10
Investment Accessibility
Lower than 25% of peers

Franchise Summary

Description
The franchisee will establish and operate a Berkshire Hathaway HomeServices residential real estate brokerage business. The business will be operated from an office or offices, under an existing real estate broker’s credentials, and the franchisee will promote and support customer acquisition, a professional referral system, and advertising and public relations for its real estate sales associates.
Company Background
Berkshire Hathaway HomeServices is the nation's largest residential real estate brokerage franchise. This company sells homes and other properties throughout the US to customers who are looking for a new place to live or want to invest in real estate. Berkshire Hathaway HomeServices has over 6,000 offices nationwide.
Franchise Opportunity
Owning your own business can be a rewarding experience, but it's also risky. We have the solution to this problem. Berkshire Hathaway HomeServices is a leading real estate franchise that provides you with everything you need to get started in the industry and succeed as an independent agent. Our proven system will help you build your brokerage from scratch and set up all of the systems necessary for success at every stage of growth. This isn't just about selling homes; this is about building a successful business that can last for decades or even generations. If we do our job right, then one day you'll pass on your real estate brokerage to one of your children or grandchildren!
Corporate Structure
The franchisor is BHH Affiliates, LLC (“BHHS”), a limited liability company established on November 14, 2012, under the laws of the State of Delaware. To simplify the language in this disclosure document, the franchisor is referred to as “we,” “us,”, “our” or “BHHS”. These shorthand terms do not include corporate officers, employees, directors, managers or members of BHHS, but may include subsidiaries and affiliates when referring to activities undertaken and performed by BHHS or such related entities generally. We will refer to the person or entity that is considering the purchase of the franchise as "you". If you are a corporation, partnership or limited liability company, some provisions of the franchise agreement also will apply to certain shareholders, general partners and members. Our principal business address is 18500 Von Karman Avenue, Suite 400, Irvine, California 92612. Our agents for service of process in selected states are listed at Exhibit E to this disclosure document.
Royalties and Marketing Fees

Royalties : Declining percentage of Gross Revenue or, after your first year of operations, the greater of the stated percentage of Gross Revenue or $15,000

Royalties : Declining percentage of Gross Revenue, with a monthly minimum of $500

Franchisee Attrition

4 /10
This franchise's rate of attrition in 2021 of 5.93% was Slightly Lower than the 6% in the Real Estate industry. Generally speaking, a higher rate of attrition represents a less stable franchise system and a lower rate of attrition indicates a more successful system
What's Included in franchise attrition?
We define the franchisee attrition rate as the sum of terminations, re-acquisitions by franchisor, non-renewals, and ceased operations, divided by the number of outlest at the start of the year. It is a strong indicator of the strength of the underlying operating model

Franchise Types Available

# Type Investment Fees

Employee Contact Database

# Name Position Phone Number Email Address

Distribution of Berkshire Hathaway HomeServices Franchisees

Berkshire Hathaway HomeServices Franchise System Development in 2022

FAQ

How much investment do I need to start my own Berkshire Hathaway HomeServices business?
Franchisees typically require at least $45 to $90 investment to get their Berkshire Hathaway HomeServices business started
What are the initial franchise fees for Berkshire Hathaway HomeServices?
Franchisees typically need to pay at least $25 in fees directly to Berkshire Hathaway HomeServices in order to earn the right to launch their business
How much money can I make with a Berkshire Hathaway HomeServices franchise? What are the average revenues for a typical Berkshire Hathaway HomeServices business?
We haven’t done the math on how much revenue a typical Berkshire Hathaway HomeServices brings in each year. We estimate that other franchisees in the Professional Services industry generate $952,375 revenue, so we would expect Berkshire Hathaway HomeServices to generate a similar amount
How long do I need to commit to running a Berkshire Hathaway HomeServices unit? What is my contractual commitment?
The standard length for an initial franchise contract is 10 years. Renewals are also generally 10 years

Accessibility

8 /10
The Franchisor's investment costs ranges from $45,300 to $90,375 which is Much Lower than the $0 to $0 average in the Real Estate industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc

Franchises in the Same Industry

Popular Franchises

Is this your Franchise?

Update your profile with photos, videos, useful information, and start connecting with prospective franchisees today

CLAIM THIS FRANCHISE