Commission Express

At a Glance

Products & Services: Real estate commission factoring

Number of Locations: 38

Total Investment: $112.8K - $291.5K

Founded: 1992

Began Franchising: 1996

About Commission Express

John L Stedman and Joseph M. Giovannelli founded Commission Express, based in Fairfax, Virginia, in 1992.

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.

Franchise Units

Year U.S. Canadian International Company Owned
2013 37 0 0 1
2012 30 0 0 1
2011 34 0 0 1
2010 40 0 0 1
Where Seeking Franchisees: Franchisor is seeking new franchise units throughout the U.S.
Direct Capital

Startup Costs, Ongoing Fees and Financing

Total Investment: $112,800 - $291,500
Franchise Fee: $10,000 - $40,000
Ongoing Royalty Fee: 4.5-9%
Term of Franchise Agreement: 10 years, renewable
Financial Requirements
Liquid Cash Available: $93,000 - $213,000
Operations
Franchise can be run from home. 15% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 1. Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators).
Direct Capital
Financing Type In-House Third Party
Franchise Fee
Startup Costs
Equipment
Inventory
Accounts Receivable
Payroll

How This Franchise Supports Franchisees

Training: Available at headquarters: 1 week. At franchisee's location: 1 week. Annual conference : 3 days.
Ongoing Support: Newsletter, Meetings, Toll-free phone line, Internet, Field operations/evaluations, Purchasing cooperatives
Marketing Support: Co-op advertising, Ad slicks, National media, Regional advertising,
Other marketing support: Trade shows

Franchise Search

Looking to Start a Business?

Mosquito Joe has opportunities available today.

Request Information

Fund Your Franchise with Guidant

Guidant Financal Learn how to invest your IRA or 401k into a franchise penalty-free. ($50k min)

Featured Franchises For Sale

Franchise Expo South - February 5-7, 2015

From the Entrepreneur Bookstore

Franchise Bible, 7th Edition
Franchise Bible, 7th Edition
By Erwin J. Keup and Peter Keup
More Info