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Bug Realty USA Inc.

Real estate brokerage

Background

Founded: 2004 Franchising since: 2006
38 S. Main St.
Buffalo, Wyoming 82834
Phone:
(307)684-8600


Franchisor has 1 employee(s); 1 employee(s) in franchise department.

Franchise Growth
Year U.S. Franchises Canadian Franchises Foreign Franchises Company Owned
2007 2 0 0 1
2006 0 0 0 2
2005 N/A N/A N/A 2

Where Seeking Franchisees
In the U.S. Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North carolina, North dakota, New hampshire, New jersey, New mexico, Nevada, New york, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode island, South carolina, South dakota, Tennessee, Texas, United states, Utah, Virginia, Vermont, Washington, Wisconsin, West virginia, Wyoming

Exclusive territories available.
Territory size: By zip code

Costs and Fees

Total investment: $39.5K-78.2K
Franchise fee: $18.5K
Ongoing royalty fee: 5%
Term of agreement: 5 years, renewable
Express/kiosk option available

Type of Financing Available
In-House Third Party
Franchise Fee No No
Startup Costs No No
Equipment No No
Inventory No No
Accounts Receivable No No
Payroll No No

Qualifications
Net worth requirement: $30K-50K
Cash liquidity requirement: $10K-20K
Business Experience:
  • Industry experience
  • General business experience
  • Marketing skills
  • Must have real estate broker's license or hire a real estate broker

Operations
  • Franchise can be run from home
  • Absentee ownership of franchise is allowed.

Training and Support

Training
  • At franchisee's location: 2 days
  • Annual convention & retreat : 2-3 days

Ongoing Support
  • Newsletter
  • Meetings
  • Grand opening
  • Internet
  • Field operations/evaluations
  • Purchasing cooperatives

Marketing Support
  • Co-op advertising
  • Ad slicks
  • Regional advertising

Other marketing support
  • Auto wrap branding package

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