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Entrepreneur: Start & Grow Your Business

Homes & Land Magazine

Real estate advertising magazine

Background

Founded: 1973 Franchising since: 1984
Homes & 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 Publishing Ltd., which also publishes Rental Guide Magazine and Home Guide Magazine.

1830 E. Park Ave.
Tallahassee, Florida 32301
Phone:
(800)458-9520


Franchisor is a privately-held company with 60 employee(s); 4 employee(s) in franchise department.

Franchise Growth
Year U.S. Franchises Canadian Franchises Foreign Franchises Company Owned
2009 250 22 1 24
2008 281 21 0 24
2007 289 20 0 21
2006 280 12 0 14
2005 223 7 0 8

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, Utah, Virginia, Vermont, Washington, Wisconsin, West virginia, Wyoming
Outside the U.S.: Canada, Central america, Mexico

Exclusive territories available.
Territory size: Market study

Costs and Fees

Total investment: $50.1K-133K
Franchise fee: $27K
Ongoing royalty fee: 10.5%
Term of agreement: 10 years, renewable


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

Qualifications
Net worth requirement: $150K
Cash liquidity requirement: $50K
Business Experience:
  • General business experience
  • Marketing skills
  • Sales experience

Operations
  • Franchise 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)

Training and Support

Training
  • Available at headquarters: 2 weeks
  • In-field training

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

Rankings

Franchise 500® rank:
#205 (2009); #136 (2008); #95 (2007); #191 (2006);

Fastest-Growing Franchises:
#61 (2007);

Top Home Based Franchises:
#47 (2009); #33 (2008); #24 (2007); #51 (2006);

America's Top Global Franchises:
#159 (2009); #143 (2006);