Commission Express
Real estate commission factoring- 2023 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 (2023-1996 years)
- # of employees at HQ
- 5
- Where seeking
-
This company is offering new franchisees in the following US states:
- # 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
Information Circle - $10,000 - $50,000
-
Initial Investment
Information Circle - $172,300 - $301,500
-
Net Worth Requirement
Information Circle - $112,000 - $192,000
-
Cash Requirement
Information Circle - $100,000
-
Royalty Fee
Information Circle - 9%
-
Ad Royalty Fee
Information Circle - 1%
-
Term of Agreement
Information Circle - 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 & ConventionsToll-Free LineOnline SupportSecurity & Safety Procedures
- Marketing Support
-
Ad TemplatesNational Media
Operations
Additional details about running this franchise.
- Is absentee ownership allowed?
- Yes
-
Can this franchise be run from home/mobile unit?
Information Circle - Yes
-
Can this franchise be run part time?
Information Circle - No
- # of employees required to run
- 2
-
Are exclusive territories available?
Information Circle - Yes
Interested in ownership opportunities like Commission Express? Request a free consultation with a Franchise Advisor now.
Franchise 500 Ranking History
Compare where Commission Express landed on this year's Franchise 500 Ranking versus previous years.
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