Benham REO Group
At a Glance
Products & Services: Foreclosed property sales
Number of Locations: 86
Total Investment: $11.8K - 31.75K
Founded: 2004
Began Franchising: 2007
Franchise Units
| Year | U.S. | Canadian | International | Company Owned |
| 2010 | 84 | 0 | 0 | 2 |
| 2009 | 78 | 0 | 0 | 1 |
| 2008 | 58 | 0 | 0 | 1 |
Where Seeking Franchisees: Franchisor is seeking new franchise units in the following states:
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.
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.
Startup Costs, Ongoing Fees and Financing
Total Investment: $11,800 - $31,750
Franchise Fee: $6,500 - $9,500
Ongoing Royalty Fee: $195/transaction
Term of Franchise Agreement: 10 years, renewable
Franchise Fee: $6,500 - $9,500
Ongoing Royalty Fee: $195/transaction
Term of Franchise Agreement: 10 years, renewable
Financial Requirements
Net Worth: $10,000
Liquid Cash Available: $5,000
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).| Financing Type | In-House | Third Party |
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How This Franchise Supports Franchisees
Training: Available at headquarters: 1 week.
Ongoing Support: Newsletter, Internet, Field operations/evaluations,
Marketing Support: Co-op advertising, Ad slicks, National media,