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Entrepreneur: Start & Grow Your Business

SellSmart Real Estate

Real estate

Background

Founded: 2001 Franchising since: 2004
4353 Nobel Dr., #66
La Jolla, California 92122
Phone:
(866)225-6905


Franchisor is a privately-held company with 3 employee(s)

Franchise Growth
Year U.S. Franchises Canadian Franchises Foreign Franchises Company Owned
2007 40 0 0 2
2006 40 0 0 1
2005 15 0 0 1

Where Seeking Franchisees
In the U.S. Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Iowa, Idaho, Kansas, Kentucky, Louisiana, Massachusetts, Maine, Missouri, Mississippi, Montana, Nebraska, North carolina, New hampshire, New jersey, New mexico, Nevada, Ohio, Oklahoma, Oregon, Pennsylvania, South carolina, Tennessee, Texas, United states, Utah, Vermont, West virginia, Wyoming

Exclusive territories available.
Territory size: Approximately 50,000 population

Costs and Fees

Total investment: $23.5K-53.6K
Franchise fee: $14.95K
Ongoing royalty fee: 6%
Term of agreement: 5 years, renewable


Type of Financing Available
In-House Third Party
Franchise Fee No No
Startup Costs No No
Equipment No No
Inventory No No
Accounts Receivable No No
Payroll No No

Qualifications
Cash liquidity requirement: $50K
Business Experience:
  • Industry experience
  • General business experience
  • Marketing skills
  • 2 years real estate/loan experience

Operations
  • 20% of all franchisees own more than one unit
  • Number of employees needed to run franchised unit: 2 - 3
  • Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators)

Training and Support

Training
  • In San Diego : 3 days

Ongoing Support
  • Newsletter
  • Meetings
  • Toll-free phone line
  • Grand opening
  • Internet
  • Field operations/evaluations
  • Purchasing cooperatives

Marketing Support
  • Co-op advertising
  • Ad slicks
  • Regional advertising

Other marketing support
  • Turnkey web-based marketing materials & systems

Rankings

Franchise 500® rank:
#486 (2008);