HomeSmart

HomeSmart

Real estate
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2021 Franchise 500 Rank
#446 Not ranked last year
See the Full List
Initial investment
$66K - $205K
Units as of 2020
164 32.3% over 3 years

Company Overview

About HomeSmart

Industry
Services (Other)
Related Categories
Real Estate
Founded
2000
Leadership
Matt Widdows, CEO & Founder

Franchising Overview

Franchising Since
2005 (16 years)
# of employees at HQ
114
Where seeking

This company is seeking new franchisees throughout the US.

This company is seeking new franchisees worldwide.

# of Units
164 (as of 2020)

Franchisor Information

Corporate Address
8388 E. Hartford Dr., #100
Scottsdale, AZ 85255

Information for Franchisees

Here’s what you need to know if you’re interested in opening a HomeSmart 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
$20,000
Initial Investment
$65,500 - $205,000
Net Worth Requirement
$150,000
Cash Requirement
$50,000
Royalty Fee
Varies
Ad Royalty Fee
4%
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
40 hours
Additional Training
Virtual training
Ongoing Support
Newsletter
Meetings & Conventions
Grand Opening
Online Support
Field Operations
Proprietary Software
Franchisee Intranet Platform
Marketing Support
Ad Templates
National Media
Regional Advertising
Social Media
Website Development
Email Marketing
Loyalty Program/App

Operations

Additional details about running this franchise.

Is absentee ownership allowed?
Yes
Can this franchise be run from home/mobile unit?
No
Can this franchise be run part time?
No
# of employees required to run
2
Are exclusive territories available?
Yes

Franchise 500 Ranking History

Compare where HomeSmart landed on this year’s Franchise 500 Ranking versus previous years.

Additional Rankings

Curious to know where HomeSmart ranked on other franchise lists? Find out below.

Ranked #446

Franchise 500 Ranking

Ranked #80

Top Franchises for Less Than $100,000

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.
Updated: February 8th, 2021