Not Ranked

Initial Investment

LOW: $172,300
HIGH: $301,500

Change in Units

+10.0% +5 UNITS (1 Year)
+22.0% +11 UNITS (3 Years)

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Promoted Opportunities

Company Profile

Founded

1992

Franchising Since

1996 (20 Years)

Corporate Address

8306 Professional Hill Dr. Fairfax, VA 22031

CEO

John Stedman

About Commission Express

John L. Stedman and Joseph M. Giovannelli founded Commission Express, based in Fairfax, Virginia, in 1992.

With most real estate transactions, an agent waits between 30 and 90 days to receive his or her commission. In the meantime, the agent still has to cover the costs of running an office and paying employees. Commission Express franchisees essentially offer agents cash advances by purchasing an agent's outstanding commissions at a discount. When the home purchase is completed and the commission is received, Commission Express withholds between 8 and 14 percent in fees. Franchisees provide their own capital to purchase the commissions.

Financials

Financial Requirements

Initial Investment

$172,300 - $301,500

Net-worth Requirement

$112,000 - $192,000

Liquid Cash Requirement

$100,000

Ongoing Fees

Initial Franchise Fee

$10,000 - $50,000

Ongoing Royalty Fee

9%

Ad Royalty Fee

1%

Units (Locations)

Where Seeking Franchisees:
Franchisor is seeking new franchise units throughout the U.S.

Operations & Franchisor Support

Training at headquarters: 1 week

Additional Training: Annual conference

Ongoing Support
Meetings
Toll-Free Line
Internet
Security

Marketing Support
Ad Slicks
Regional Media

Absentee Ownership Allowed

Number of employees required to run: 2

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Disclaimer

The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.

Updated: July 23rd, 2015

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