Why USA vs NextHome Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Why USA vs NextHome including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
Why USA Franchise
NextHome Franchise
Investment $17,000 - $103,400$14,750 - $213,100
Franchise Fee N/A$3,750 - $8,000
Royalty Fee Varies$180-$190/mo.
Advertising Fee -$75-85/transaction
Year Founded 19882014
Year Franchised 19892014
Term Of Agreement 3 years-
Term Of Agreement 3 years-
Renewal Fee --


Business Experience Requirements

 
Why USA Franchise
NextHome Franchise
Experience --

Financing Options

 
Why USA Franchise
NextHome Franchise
  In-House/3rd PartyIn-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

 
Why USA Franchise
NextHome Franchise
Training 2 conferences per year, monthly tele-conferencesClassroom Training: 28 hours
Support Meetings, Internet, Field operations/evaluationsNewsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform
Marketing Co-op advertising, Ad slicks Ad Templates National Media Social media SEO Website development Email marketing
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)

Number of Employees Required to Run: 1

Expansion Plans

 
Why USA Franchise
NextHome Franchise
US Expansion -Yes
Canada Expansion No-
International Expansion No-

Company Overviews

About Why USA

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.

About NextHome

The real estate industry is shifting. Our current population of brokers and agents are becoming more seasoned, and many are looking for succession plan options.
In the last 15 years, the number of REALTORS® in their 40’s has dropped, and even fewer of the next generation are choosing to enter the industry. The consumer population is changing. Generations X and Y now make up the majority of all homebuyers and sellers. By 2020 Millennials will make up at least half of the American workforce, and more than 90% plan to buy homes. Yet the majority of brokerage brands and models have not changed in culture, technology, products, services and marketing to become more relevant to today’s consumer and agents.
"NextHome
Created on a foundation of over forty years of franchising experience, and a leadership team who knows every side of the business. NextHome redesigned how a real estate franchise partners with its brokers. NextHome focuses on empowering every broker with streamlined, progressive products and world-class marketing.
The consumer is our focal point for evaluating and implementing new ideas, allowing you to remain relevant and capitalize on smart strategic growth.
NextHome strives to help you achieve agent productivity, increased profitability and systems for long-term success.

"Entrepreneur

#95 in Franchise 500 for 2020.
#79 in Franchise 500 for 2021.