At a Glance
Products & Services: Real-estate advertising magazine
Number of Locations: 230
Total Investment: $47.1K - $127K
Began Franchising: 1984
About Homes & LandHomes & Land Magazine introduced its pictorial magazine, featuring homes and land for sale, in Tallahassee, Florida, in 1973.
Homes & Land Magazine covers more than 15,000 communities nationwide. Franchisees sell advertising space to brokers and agents, collect property information, take or obtain photographs and distribute the printed magazines. The company is owned by Homes & Land Affiliates LLC, which also publishes Rental Guide Magazine and Home Guide Magazine.
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, Northeast, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South, South Carolina, South Dakota, Southeast, Southwest, Tennessee, Texas, Utah, Virginia, Vermont, West, Washington, Wisconsin, West Virginia, Wyoming.
Franchisor is seeking new units in Canada, Central America, Mexico.
Startup Costs, Ongoing Fees and Financing
Franchise Fee: $27,000
Ongoing Royalty Fee: 10.5%
Term of Franchise Agreement: 10 years, renewable
Financial RequirementsNet Worth: $150,000
Liquid Cash Available: $50,000
OperationsFranchise can be run from home. 30% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 2. Absentee ownership of franchise is allowed. (95% of current franchisees are owner/operators).
|Financing Type||In-House||Third Party|