RE/MAX vs LakePlace.com Realty Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of RE/MAX vs LakePlace.com Realty including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
Investment |
$42,000 - $284,000 | $16,000 - $114,900 |
Franchise Fee |
$17,500 - $37,500 | $10,000 |
Royalty Fee |
varies | 10% |
Advertising Fee |
varies | - |
Year Founded |
1973 | 2015 |
Year Franchised |
1975 | 2015 |
Term Of Agreement |
5 years | - |
Term Of Agreement |
5 years | - |
Renewal Fee |
Varies | - |
Business Experience Requirements |
Experience |
- | - |
Financing Options |
|
In-House/3rd Party | In-House/3rd Party |
Franchise Fees |
Yes/No | -/- |
Start-up Costs |
No/No | -/- |
Equipment |
No/No | -/- |
Inventory |
No/No | -/- |
Receivables |
No/No | -/- |
Payroll |
No/No | -/- |
Training & Support |
Training |
Semi-annual convention and conference | - |
Support |
Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives | - |
Marketing |
Ad slicks, National media, Regional advertising | - |
Operations |
Number of employees needed to run franchised unit: 2
Absentee ownership of franchise is allowed. | - |
Expansion Plans |
US Expansion |
- | Yes |
Canada Expansion |
No | - |
International Expansion |
Yes | - |
Company Overviews
About RE/MAX
RE/MAX was established in 1973 by Dave and Gail Liniger, with a creative, entrepreneurial culture managing its operators and franchisees the adaptability to work their organizations with extraordinary autonomy. More than 110,000 specialists give RE/MAX a worldwide reach in more than 100 nations and regions. No one offers more land than RE/MAX when measured by private exchange sides. RE/MAX, LLC, one of the world's driving franchisors of land financier administrations, is an entirely claimed backup of RMCO, LLC, which is controlled and overseen by RE/MAX Holdings, Inc. (NYSE:RMAX). With an energy for the groups in which its specialists live and work, RE/MAX is glad to have raised more than $150 million for Children's Miracle Network Hospitals® and different foundations.
#9 in Canada's Top franchises.
#40 in Franchise 500 for 2020.
#187 in Franchise 500 for 2021.
About LakePlace.com Realty
LakePlace.com® real estate brokerage businesses are full-service real
estate brokerages that specialize in brokering the purchase,rental and sale of
lake or other water-related properties through the LakePlace.com® web
site.
The total
investment necessary to convert an existing real estate brokerage
business to a LakePlace.com®Business is from $16,000 to $33,000.
The total investment necessary to begin operation of a new LakePlace.com® Business is from $50,800 to $114,500.