1st Class Real Estate
1st Class Properties LLC
Company Information
831 Seahawk Circle Virginia Beach, VA 23452
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.
The franchise offered is to operate a full-service real estate brokerage business (“Franchised Business”). 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.
1 Directors with Prior Bankruptcies
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Franchise Rating
Franchimp Summary Rating
7/10
Earning Transparency
4/10
Investment Accessibility
10/10
Franchise System Development
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Employee Contact Database
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Summary of Investment Costs
Upfront Franchise Fees
Minimum: $25,950 Maximum: $25,950
Upfront franchise fees are the one-time payments required to secure rights to operate under an established brand, typically ranging from $20,000 to $100,000+ depending on brand value.
These fees grant access to proprietary business systems, training programs, intellectual property rights, and often territorial exclusivity—essentially purchasing the blueprint for a proven business model.
While separate from ongoing royalties, investors should evaluate these fees against expected returns, comparing fee-to-earnings ratios across opportunities and assessing how effectively franchisors reinvest these funds into system improvements.
Total Investment Costs
Minimum: $27,950 Maximum: $43,450
Ongoing Fees
Ongoing franchise fees, typically structured as royalties ranging from 4-8% of gross sales, represent the continuous payments franchisees make to maintain brand affiliation and support services.
These recurring fees fund the franchisor's operational assistance, marketing initiatives, technology updates, and continued brand development—creating a partnership where the franchisor's revenue grows alongside the franchisee's success. In addition to royalties, franchisees often contribute to national advertising funds (usually 1-3% of sales) and may incur technology fees, supply chain markups, or renewal fees depending on the franchise agreement.
Investors should carefully analyze these ongoing costs within their financial projections, as they directly impact profit margins and cash flow throughout the entire franchise relationship.
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