Berkshire Hathaway HomeServices Franchise In USA Cost, Profit, How to Apply, Requirement, Investment, Review | SkillsAndTech
Have you ever thought of opening your own real estate brokerage franchise network? In this article, we’ll take a look at Berkshire Hathaway HomeServices franchise cost and tackle the training and obligations you need to comply with.
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Table of Contents
Berkshire Hathaway HomeServices Franchise Wiki
Before we discuss the Berkshire Hathaway HomeServices franchise cost, let’s learn a bit more about the company. This real estate network consists of a myriad of players – from first-time buyers to big-time real estate market players and everyone else in between.
BHH Affiliates, LLC franchises the business, which began in 2012 and started franchising in 2013. The head office is in Irvine, California, and they have around 1,445 units.
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If you decide to franchise this real estate business, you’ll need to run it from an office or various offices. The venture will exist under the franchise’s name. Added to that, the franchise owner will have real estate sales associates. For these partners, the franchise owners will promote and support a referral system, a customer system, as well as ads and PR.
Berkshire Hathaway HomeServices Franchise Benefits
This is highly confidential information. Because this company had not disclosed it. You can only know about this after applying for the franchise. All this will be discussed when the basic criteria are met and fulfilled. You can know the procedure as follows.
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Berkshire Hathaway HomeServices Franchise Cost
| Name of Fee | Low | High |
|---|---|---|
| Franchise Fee | $25,000 | $25,000 |
| Sales Professional Orientation | $100 | $500 |
| Exterior Signs | $1,000 | $20,000 |
| Stationery and Related Supplies | $2,000 | $5,000 |
| Yard Signs | $5,000 | $10,000 |
| Grand Opening Advertising | $5,000 | $5,000 |
| Computer Hardware | $1,000 | $4,000 |
| Approved Broker Management System (computer software) | $3,000 | $5,000 |
| Approved Software Support Expenses | $100 | $1,000 |
| Business Class Telephone Service | $20 | $50 |
| Business Class Internet Access | $50 | $300 |
| Real Property (whether purchased or leased) | $0 | $6,000 |
| Furniture, Fixtures & Equipment | $0 | $5,000 |
| Business Insurance | In excess of $1,000 in most cases. | |
| Agent Commissions | Prevailing commissions in the franchisee’s geographical area. | |
| Additional Funds – 3 months | $30 | $525 |
| ESTIMATED TOTAL | $43,300 | $88,375 |
Berkshire Hathaway HomeServices Franchise Training Overview
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Aside from the Berkshire Hathaway HomeServices franchise cost, the franchise owner also needs to prepare for training and other learning courses. Within 45 days after the Franchise Contract date, the franchise owner needs to hold an orientation. This is required for all the sales personnel. The franchise owner will have to provide the venue for this training and pay for all the costs and expenses.
Aside from the first training, the franchise owner will also need to offer on-going and other training courses. These may be self-study, recorded and live virtual training, live teacher training on location, web-based training, video training, or in-office courses. The franchise owner could also hold training along with annual sales meetings and other network events and programs.
Berkshire Hathaway HomeServices Franchise Obligations and Restrictions
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It’s also crucial to be in-the-know about the duties of opening a Berkshire Hathaway franchise. For instance, franchise owners should appoint a real estate broker who will manage the business by state laws.
There are cases when the franchise owner is a corporation, a partnership, or an LLC. In such a case, each owner must sign a non-disclosure, non-compete, and non-transfer contract and personal guarantee.
Added to that, the business requires franchise owners to only offer services that are approved by the head office. Franchise owners must also only offer services shown in the manual and the franchise contract.
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The head office does not grant an exclusive area to its franchise owners. That said, franchise owners may compete with other outlets and fellow franchise owners. However, both parties may agree to a contract clause naming a guarded area.
As for the term of the contract, the first franchise term is ten to fifteen years. The head office and the franchise owner jointly agree upon this period. However, the franchisor does not offer renewal rights.
As for fiscal aid, the head office may finance a part of the initial franchise fee. Other than that, the head office does not grant direct or non-direct funding. In the same vein, the head office does not assure a lease note or obligation.
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Berkshire Hathaway HomeServices Franchise Requirements
This is highly confidential information. Because this company had not disclosed it. You can only know about this after applying for the franchise. All this will be discussed when the basic criteria are met and fulfilled. You can know the procedure as follows.
Berkshire Hathaway HomeServices Franchise Profit
Franchise revenue depends on a wide range of factors, as does profit. How much money you can make from any franchise depends on a number of specific factors such as franchise location, labor costs, commercial lease rates and a number of other factors.
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How to Apply For Berkshire Hathaway HomeServices Franchise
To get the franchise first you have to fill the form. Then the company officials will contact you for further details. After that you you can open this franchise.
Berkshire Hathaway HomeServices Franchise Contact details
Website
FAQ
Is it profitable or not?
Ans: It is fast moving products, so there is fewer margins but your sale is too high. So, obviously you can make more profit from this business.
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Conclusion
So far we have shared the basics for this franchise. It is the most profitable franchise. You will never doubt your decision to start this franchise. Go ahead and achieve your goal. If you find more information please feel free to share with us. Share your thoughts and we will definitely contact you with new franchise and opportunities. Stay Tuned for more franchise. Thank you
Disclaimer: The information given in this article like investment may vary from place to place, so we are not sure about the investment part.
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