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Below is an in-depth analysis and side-by-side comparison of Why USA vs HomeGate Real Estate including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $17,000 - $103,400 | $3,500 - $10,000 |
Franchise Fee | N/A | N/A |
Royalty Fee | Varies | - |
Advertising Fee | - | - |
Year Founded | 1988 | 2017 |
Year Franchised | 1989 | 2017 |
Term Of Agreement | 3 years | - |
Term Of Agreement | 3 years | - |
Renewal Fee | - | - |
Business Experience Requirements |
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Experience | - | - |
Financing Options |
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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 |
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Training | 2 conferences per year, monthly tele-conferences | At Headquarters By Video Online By Phone |
Support | Meetings, Internet, Field operations/evaluations | Meetings Advertising/Marketing Sales Leads Technical Support Online Support Phone Support |
Marketing | Co-op advertising, Ad slicks | - |
Operations |
5% of all franchisees own more than one unit Number of employees needed to run franchised unit: 2 Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators) | Business can be added on to an existing business. |
Expansion Plans |
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US Expansion | - | Yes |
Canada Expansion | No | - |
International Expansion | No | - |
Why USA was founded in 1988 and began franchising in 1989. The company utilizes a flat-fee commission system as well as its own sales program. It now has locations throughout the United States and is based in Cedar Rapids, Iowa.
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