1st Class Real Estate is a franchise dedicated to delivering exceptional service and support to both agents and clients, emphasizing professionalism, integrity, and customer satisfaction. The franchise features an agent-centric model with comprehensive training, a collaborative environment, modern technology, diverse property listings, and a strong community focus to enhance their local presence.
Company Background
1st Class Real Estate is a full-service real estate brokerage business. With over 4,000 agents in the United States and Canada alone, 1st Class offers franchisees the opportunity to join an established brand that has been recognized as one of the fastest growing companies in North America for four consecutive years. 1st Class offers its franchisees with training and ongoing support from experienced brokers who have helped more than 70% of their agents grow their businesses by an average of 20%. Founded on a commitment to service and integrity, 1st Class provides valued buyers and sellers professional guidance while providing families with lasting memories.
Franchise Opportunity
Buying or selling a home is one of the biggest decisions you will ever make and it's important to have a reliable real estate agent to help guide you through the process. But how do you know if you're choosing the right agent? And how can you be sure that they are working in your best interests? 1st Class Real Estate is a full-service brokerage that offers a unique franchise opportunity. We provide our agents with all of the tools and training they need to be successful, and we always put our clients' needs first. Contact us today to learn more about our services.
Corporate Structure
We are a Virginia limited liability company formed on July 24, 2018. We do business as “1st Class Real Estate.” Our principal business address is 831 Seahawk Circle, Virginia Beach, VA 23452. We have offered franchises of the type offered here since October 2018. We do not operate a business of the type being franchised but reserve the right to do so. We do not engage in other business activities except the offering of franchises as disclosed here. We have a parent, 1st Class Properties LLC, a Virginia limited liability company with a principal business address at 2540 Virginia Beach Blvd., Virginia Beach, VA 23452 that was formed on November 5, 2012. 1st Class Properties LLC does not conduct a business of the type being franchised nor has it offered franchises in any other line of business.
Earnings Transparency
4 /10
This Franchise discloses slightly less information about the financial performance of their franchisees compared to other franchises in the same industry
Why do some franchises disclose more than others?
There are many reasons why a brand may choose to not include item 19 on their FDD: they could be a newer franchise, they may be in a unique industry that is not super profitable or well-known yet
Franchise Types Available
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Type
Investment
Fees
1st Class Real Estate Franchise System Development in 2021
FAQ
How much investment do I need to start my own 1st Class Real Estate business?
Franchisees typically require at least $27 to $43 investment to get their 1st Class Real Estate business started
What are the initial franchise fees for 1st Class Real Estate?
Franchisees typically need to pay at least $25 in fees directly to 1st Class Real Estate in order to earn the right to launch their business
How much money can I make with a 1st Class Real Estate franchise? What are
the average revenues for a typical 1st Class Real Estate business?
We haven’t done the math on how much revenue a typical
1st Class Real Estate brings in each year. We estimate that other
franchisees in the Professional Services industry generate
$932,459 revenue, so we would expect
1st Class Real Estate to generate a similar amount
How long do I need to commit to running a 1st Class Real Estate unit? What
is my contractual commitment?
The standard length for an initial franchise contract is 10 years. Renewals are
also generally 10 years
Accessibility
10 /10
The Franchisor's investment costs ranges from
$27,950 to $43,450
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
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