
Better Homes and Gardens Real Estate
Real estate- 2023 Franchise 500 Rank
-
#443 Not ranked last year
- Initial investment
-
$32K - $448K
- Units as of 2022
-
413 14.1% over 3 years
Investing in a home is one of the most significant financial decisions an individual or family will make, and Better Homes and Gardens Real Estate understands this. As a company, Better Homes and Gardens Real Estate provides clients with professional help as they search for their perfect place.
Founded in 2008, Better Homes and Gardens Real Estate entered the real estate market with a vision for a great future. With a passion for real estate, the brand may have grown as a trusted source of inspiration and an equipped partner for all home-related needs. By 2018, the brand ventured overseas, launching in Australia.
There are over 350 Better Homes and Gardens Real Estate franchises in the United States to go along with more than a dozen international locations.
Better Homes and Gardens Real Estate may reward its clientele with expertise, data, and experience by offering real estate assistance to both buyers and sellers.
Why You May Want to Start a Better Homes and Gardens Real Estate Franchise
Throughout its existence, Better Homes and Gardens Real Estate has guided homeowners through the tricky processes of buying and selling property. Better Homes and Gardens Real Estate believes it is a brand name that commands trust and offers an impressive track record for anyone looking for open doors.
If you have a passion for helping people find a place they can call home, then you may be in your comfort zone on the Better Homes and Gardens Real Estate team. As part of the team, you can take advantage of a powerful global brand to make connections and grow.
Better Homes and Gardens Real Estate has been ranked in Entrepreneur’s Franchise 500 based on an evaluation of more than 150 data points in the areas of costs and fees, size and growth, franchisee support, brand strength, and financial strength and stability.
What Might Make a Better Homes and Gardens Real Estate Franchise a Good Choice?
One thing that may set Better Homes and Gardens Real Estate apart from others is its ability to become a reliable partner. After the initial selling or purchasing of property, the team keeps in touch with customers. Better Homes and Gardens Real Estate strives to go above and beyond by updating customers with design trends, data on market conditions, and reliable assistance.
To be part of the Better Homes and Gardens Real Estate team, you should make sure you’re financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include advertising fees and royalty fees. Franchisees will also need to meet the company’s set net worth and liquid capital requirements.
How To Open a Better Homes and Gardens Real Estate Franchise
Once you secure approval to open your own Better Homes and Gardens Real Estate franchise, you’ll participate in a franchise training program. Training covers various real estate-related aspects, including client management, sales, social media, and communication skills. The brand also offers fundamental support to help you overcome barriers in the market.
Opening a Better Homes and Gardens Real Estate franchise may offer a more predictable outcome than investing in a completely new brand that could struggle to thrive in an already crowded and competitive industry.
Company Overview
About Better Homes and Gardens Real Estate
- Industry
- Services (Other)
- Related Categories
- Real Estate
- Founded
- 2008
- Parent Company
- Anywhere Real Estate Inc.
- Leadership
- Sherry Chris, President & CEO
- Corporate Address
-
175 Park Ave.
Madison, NJ 07940
Business Overview
- Franchising Since
- 2008 (2023-2008 years)
- # of employees at HQ
- 40
- Where seeking
-
This company is offering new franchisees throughout the US.
This company is offering new franchisees worldwide.
- # of Units
- 413 (as of 2022)
Information for Franchisees
Here's what you need to know if you're interested in opening a Better Homes and Gardens Real Estate franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
-
Initial Franchise Fee
Information Circle - $0 - $25,000
-
Initial Investment
Information Circle - $32,420 - $447,500
-
Net Worth Requirement
Information Circle - $250,000
-
Cash Requirement
Information Circle - $100,000
-
Veteran Incentives
Information Circle - Franchise fee reduced or waived
-
Royalty Fee
Information Circle - 5%
-
Ad Royalty Fee
Information Circle - 1%
-
Term of Agreement
Information Circle - 10 years
- Is franchise term renewable?
- No
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
- In-House Financing
- Better Homes and Gardens Real Estate offers in-house financing to cover the following: startup costs
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
- Classroom Training
- 26.5 hours
- Ongoing Support
-
NewsletterMeetings & ConventionsGrand OpeningOnline SupportField OperationsProprietary SoftwareFranchisee Intranet Platform
- Marketing Support
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Ad TemplatesNational MediaRegional AdvertisingSocial MediaSEOWebsite DevelopmentEmail Marketing
Operations
Additional details about running this franchise.
- Is absentee ownership allowed?
- No
-
Can this franchise be run from home/mobile unit?
Information Circle - No
-
Can this franchise be run part time?
Information Circle - No
-
Are exclusive territories available?
Information Circle - No
Interested in ownership opportunities like Better Homes and Gardens Real Estate? Request a free consultation with a Franchise Advisor now.
Franchise 500 Ranking History
Compare where Better Homes and Gardens Real Estate landed on this year's Franchise 500 Ranking versus previous years.
Additional Rankings
Curious to know where Better Homes and Gardens Real Estate ranked on other franchise lists? Find out below.
Ranked #443 in 2023
Entrepreneur’s 44th annual Franchise 500® ranking shines a light on the unique challenges and changes that have shaped the franchise industry over the last year—and how franchisors have adapted and evolved to meet them.
Ranked #73 in 2023
Buying a franchise on a budget? No problem. Here are the top franchises that can be started for less than $150,000. For more low-cost opportunities, see our lists of franchises that can be started for less than $50,000 and less than $100,000.
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