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Franchise 500 2023
Franchise 500 Rank
N/R Not ranked last year
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Initial investment
$172K - $302K
Units as of 2015
50 Decrease

Company Overview

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.

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
Where seeking

This company is offering new franchises 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
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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? 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
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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise or business opportunity by Entrepreneur Media. Our listings and rankings are solely research tools you can use to compare opportunities. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. That should include reviewing the company's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers.
Updated: December 12th, 2022