Next Generation Realty vs Sotheby's International Realty Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Next Generation Realty vs Sotheby's International Realty including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
Next Generation Realty Franchise
Sotheby's International Realty Franchise
Investment $30,000 - $397,800$40,650 - $472,800
Franchise Fee $19,900 - $267,700$25,000
Royalty Fee 4.5%-
Advertising Fee 3%-
Year Founded 19942004
Year Franchised 19942007
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements

 
Next Generation Realty Franchise
Sotheby's International Realty Franchise
Experience --

Financing Options

 
Next Generation Realty Franchise
Sotheby's International Realty Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs -/--/-
Equipment -/--/-
Inventory -/--/-
Receivables -/--/-
Payroll -/--/-

Training & Support

 
Next Generation Realty Franchise
Sotheby's International Realty Franchise
Training --
Support --
Marketing --
Operations --

Expansion Plans

 
Next Generation Realty Franchise
Sotheby's International Realty Franchise
US Expansion -Yes
Canada Expansion --
International Expansion -Yes

Company Overviews

About Next Generation Realty

Next Generation Realty was founded in 1994 by Tom Franklin and Rob Doheny. Our philosophy is based on quality service at an affordable price. We believe that all real estate can be sold, and that by being our partner, it can be sold for one low flat fee. It was this belief that lead us to develop an alternative program that partners us with the seller in the marketing of their home. Our company operates around 3 Basic Principles:

 One Low Fee, on any priced home, paid at closing with no upfront fees. Our program presented in writing with guaranteed advertising. You can cancel at any time with no cost, no hassle.

Since our clients show their own home, our agents list and sell more homes!

About Sotheby's International Realty

"Sothebys.

"Inspire"

Dedicated to renewing the luxury real estate industry, Sotheby's International Realty offers born-again experiences through a global network of atypical agents.

The total investment necessary to begin operation of a Sotheby's International Realty franchise is approximately $40,650 to $285,500 for a conversion real estate office, and $122,150 to $472,800 for a start-up real estate office. This includes $$0 to $25,000 that must be paid to the franchisor or an affiliate as an initial franchise fee. The initial franchise fee for a residential franchise is $25,000 for the first Branch Office, $12,500 for the second Branch Office and $7,500 for each additional Branch Office.