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Entrepreneur: Start & Grow Your Business

Better Homes Realty Inc.

Real estate

Background

Founded: 1964 Franchising since: 1975
In 1964 a group of independent real estate brokerage offices in the Walnut Creek, California, area came together to do business as Better Homes Realty. The company began adding offices throughout Contra Costa County, California, and in 1975 Better Homes Realty obtained a franchise license to expand the concept in California. The company has been franchising nationally since 1981.
1777 Botelho Dr., #390
Walnut Creek, California 94596
Phone:
(800)642-4428/ (925)937-9001


Franchisor has 6 employee(s); 2 employee(s) in franchise department.

Franchise Growth
Year U.S. Franchises Canadian Franchises Foreign Franchises Company Owned
2005 42 0 0 0

Where Seeking Franchisees
In the U.S. California, United states

Exclusive territories available.
Territory size: 1/2-mile radius

Costs and Fees

Total investment: to $61.5K
Franchise fee: $9.95K
Ongoing royalty fee: Varies
Term of agreement: 5 years, renewable


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

Qualifications
Business Experience:
  • Industry experience
  • General business experience

Operations
  • 10% of all franchisees own more than one unit
  • Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators)

Training and Support

Training
  • Available at headquarters
  • Available at franchisee's location

Ongoing Support
  • Newsletter
  • Meetings
  • Toll-free phone line
  • Grand opening
  • Internet

Marketing Support
  • Co-op advertising
  • Ad slicks

Other marketing support
  • Agent marketing program