- Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$172K - $302K
- Units as of 2015
-
50
Company Overview
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.
About Commission Express
Industry | Financial Services |
---|---|
Related Categories | Business Financial Services |
Founded | 1992 |
Leadership | John Stedman, CEO |
Corporate Address |
8306 Professional Hill Dr. Fairfax, VA 22031 |
Business Overview
Franchising Since | 1996 (28 years) |
---|---|
# of employees at HQ | 5 |
# of Units | 50 (as of 2015) |
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Commission Express 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
|
$10,000 - $50,000 |
---|---|
Initial Investment
|
$172,300 - $301,500 |
Net Worth Requirement
|
$112,000 - $192,000 |
Cash Requirement
|
$100,000 |
Royalty Fee
|
9% |
Ad Royalty Fee
|
1% |
Term of Agreement
|
10 years |
Is franchise term renewable? | Yes |
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
Classroom Training | 1 week |
---|---|
Ongoing Support |
Meetings & Conventions
Toll-Free Line
Online Support
Security & Safety Procedures
|
Marketing Support |
Ad Templates
National Media
|
Operations
Additional details about running this franchise.
Is absentee ownership allowed? | Yes |
---|---|
Can this franchise be run from home/mobile unit?
|
Yes |
Can this franchise be run part time?
|
No |
# of employees required to run | 2 |
Are exclusive territories available?
|
Yes |
Sign Up for Our Franchise Newsletter
Stay up to date on the latest news and trends affecting the franchise industry.
Related Franchises
Are you eager to see what else is out there? Browse franchises that are similar to Commission Express.
Related Franchise Content
Catch up on the latest franchise news, trends, and more.
McAlister's Deli Franchisees Average Nearly $2MM in Net Sales
Through genuine Southern hospitality and friendly conversation, McAlister's Deli aims to make every guest feel special. A McAlister's Deli franchise doesn't require grills, fryers, or late nights, meaning owners can save on resources.
Tropical Smoothie Cafe Names New CEO, Bringing a New Strategic Growth Vision to the Franchise
Max Wetzel, who previously served as Papa John's COO and chief customer officer, brings extensive experience in franchise growth, brand development and customer engagement.
A McDonald's Favorite Is Making a Spicy Comeback — But Fans Want More
The wildly popular menu item is only available for a limited time, but fans are demanding the fast-food giant make it permanent.
Curious Why Some Startups Fail? Here's Some Keys to Staying Ahead of the Curve
In the dynamic world of startups, making the right choices at the right time is crucial.
Smoothie King Taps Into a Major Health Trend With Its 'GLP-1 Support Menu'
As GLP-1 medications gain popularity for weight management, this menu aims to fit users' unique dietary needs.
International Franchise Association Pushes Back on Franchise Regulation
The IFA has formally called on the Federal Trade Commission to shift its focus away from increased regulation of the franchise business model, arguing that the commission's recent actions exceed its authority.