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Entrepreneur: Start & Grow Your Business

Benham Real Estate Group

Foreclosed property sales

Background

Founded: 2004 Franchising since: 2007
552 Newell St.
Concord, North carolina 28025
Phone:
(704)788-4603


Franchisor has 25 employee(s); 2 employee(s) in franchise department.

Franchise Growth
Year U.S. Franchises Canadian Franchises Foreign Franchises Company Owned
2009 78 0 0 1
2008 58 0 0 1
2007 6 0 0 1
2006 N/A N/A N/A 1
2005 N/A N/A N/A 1

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

Exclusive territories available.
Territory size: 50-mile radius

Costs and Fees

Total investment: $11.8K
Franchise fee: $6.5K
Ongoing royalty fee: $195/transaction
Term of agreement: 10 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
Net worth requirement: $10K
Cash liquidity requirement: $5K
Business Experience:
  • Industry experience
  • Real estate license

Operations
  • Franchise can be run from home
  • Number of employees needed to run franchised unit: 1
  • Absentee ownership of franchise is allowed. (80% of current franchisees are owner/operators)

Training and Support

Training
  • Available at headquarters: 1 week

Ongoing Support
  • Newsletter
  • Internet
  • Field operations/evaluations

Marketing Support
  • Co-op advertising
  • Ad slicks
  • National media