ERA Franchise Systems LLC vs NextHome Franchise Comparison

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

Start-Up Costs and Fees
 
ERA Franchise Systems LLC Franchise
NextHome Franchise
Investment $27,350 - $432,550$14,750 - $213,100
Franchise Fee $25,000$3,750 - $8,000
Royalty Fee 6% of gross revenue$180-$190/mo.
Advertising Fee 2% ($362.00 minimum/$1,259 maximum for Main Office and $362.00 minimum/$895.00 maximum for Branch)$75-85/transaction
Year Founded 19712014
Year Franchised 19722014
Term Of Agreement 10 years-
Term Of Agreement 10 years-
Renewal Fee --


Business Experience Requirements
 
ERA Franchise Systems LLC Franchise
NextHome Franchise
Experience
  • Industry experience
  • General business experience
    		• -

    Financing Options
     
    ERA Franchise Systems LLC Franchise
    NextHome Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees Yes/No-/-
    Start-up Costs Yes/No-/-
    Equipment No/No-/-
    Inventory No/No-/-
    Receivables No/No-/-
    Payroll No/No-/-

    Training & Support
     
    ERA Franchise Systems LLC Franchise
    NextHome Franchise
    Training -Classroom Training: 28 hours
    Support Newsletter, Meetings, Toll-free phone line, 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 Ad slicks, National media, Regional advertising Ad Templates National Media Social media SEO Website development Email marketing
    Operations International franchisees required to buy multiple units/master licenses

    Absentee ownership of franchise is NOT allowed.

    		Number of Employees Required to Run: 1

    Expansion Plans
     
    ERA Franchise Systems LLC Franchise
    NextHome Franchise
    US Expansion -Yes
    Canada Expansion No-
    International Expansion No-

    Company Overviews

    About ERA Franchise Systems LLC

    Since its founding in 1971, ERA has helped homebuyers, sellers and renters with all their real estate needs. In addition to listing homes and providing other brokerage services, the company provides such special services as utility transfer, connection and disconnection.

    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.