- Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$172K - $302K
- Units as of 2015
-
50
Company Overview
With most real estate transactions, an agent waits between 30 and 90 days to receive his or her commission. In the meantime, the agent still has to cover the costs of running an office and paying employees. Commission Express franchisees essentially offer agents cash advances by purchasing an agent's outstanding commissions at a discount. When the home purchase is completed and the commission is received, Commission Express withholds between 8 and 14 percent in fees. Franchisees provide their own capital to purchase the commissions.
About Commission Express
| Industry | Financial Services |
|---|---|
| Related Categories | Business Financial Services |
| Founded | 1992 |
| Leadership | John Stedman, CEO |
| Corporate Address |
8306 Professional Hill Dr. Fairfax, VA 22031 |
Business Overview
| Franchising Since | 1996 (28 years) |
|---|---|
| # of employees at HQ | 5 |
| Where seeking |
This company is offering new franchises in the following US states: |
| # of Units | 50 (as of 2015) |
|
|
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Commission Express franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
|
Initial Franchise Fee
|
$10,000 - $50,000 |
|---|---|
|
Initial Investment
|
$172,300 - $301,500 |
|
Net Worth Requirement
|
$112,000 - $192,000 |
|
Cash Requirement
|
$100,000 |
|
Royalty Fee
|
9% |
|
Ad Royalty Fee
|
1% |
|
Term of Agreement
|
10 years |
| Is franchise term renewable? | Yes |
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
| Classroom Training | 1 week |
|---|---|
| Ongoing Support |
Meetings & Conventions
Toll-Free Line
Online Support
Security & Safety Procedures
|
| Marketing Support |
Ad Templates
National Media
|
Operations
Additional details about running this franchise.
| Is absentee ownership allowed? | Yes |
|---|---|
|
Can this franchise be run from home/mobile unit?
|
Yes |
|
Can this franchise be run part time?
|
No |
| # of employees required to run | 2 |
|
Are exclusive territories available?
|
Yes |
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