Engel & Voelkers vs HomeSmart Franchise Comparison

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

Start-Up Costs and Fees

 
Engel & Voelkers Franchise
HomeSmart Franchise
Investment $176,000 - $320,500$65,500 - $205,000
Franchise Fee $25,000$20,000
Royalty Fee 6%varies
Advertising Fee 1.5%varies
Year Founded 19772000
Year Franchised 19982005
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements

 
Engel & Voelkers Franchise
HomeSmart Franchise
Experience - We're looking for outgoing, results-oriented franchise candidates with strong track record of business success; people that can build relationships, lead teams, and have the motivation to excel! *Liquid Capital Required: $49,000 *Net Worth Required: $125,000

Financing Options

 
Engel & Voelkers Franchise
HomeSmart Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs -/--/-
Equipment -/--/-
Inventory -/--/-
Receivables -/--/-
Payroll -/--/-

Training & Support

 
Engel & Voelkers Franchise
HomeSmart Franchise
Training Knowledge as a competitive factor The increasingly dynamic development of the markets calls for specialisation and sound expertise. Engel & Voelkers recognised the signs of the times early on and established its own academy in 1996 to provide a sound professional education to all company employees. During a six-day basic training course our new employees get to know the innovative Engel & Voelkers marketing system in a three-step programme. Among other things, the course subjects comprise questions of corporate identity and software seminars for the specially developed program "Global Office" as well as practice-oriented sales seminars. The training takes place regularly in the seminar room of the DJZ (German-Japanese Centre) at the Stadthausbroecke in Hamburg. Local seminars in the respective countries can be organized with a minimum of 6 participants. Classroom Training: 40 hours Additional Training: Virtual training
Support -Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Proprietary Software Franchisee Intranet Platform
Marketing -Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing
Operations -Absentee Ownership Allowed

Number of Employees Required to Run: 2 - 5


Expansion Plans

 
Engel & Voelkers Franchise
HomeSmart Franchise
US Expansion -Yes
Canada Expansion --
International Expansion -Yes

Company Overviews

About Engel & Voelkers

The neighborhood specialist with the worldwide system!

Gotten to be a piece of the element, growing and fruitful worldwide system Engel and Voelkers with more than 200 land shops to its name. Engel and Voelkers is one of the main licensors for operators with practical experience in promoting prestigious properties around the world. A notable brand name, proficient advertising devices inside our own particular universal system, a creative IT idea and our own design and openings.

Gotten to be a piece of the global Engel and Voelkers cooperation and demand more information on our authorizing idea.
The Company, founded in Hamburg in 1977, Engel and Voelkers is universally recognized as the main land organization for purchasing and offering top of the line private properties in premium areas. Our European style shops pass on more than simply our social beginnings. They symbolize the look and feel of our unmistakably rich brand and exhibit our own dedication to perfection in all that we accomplish for our clients and accomplices.

Today, another Engel and Voelkers property shop opens like clockwork some place far and wide! The marvelous development of Engel and Voelkers is because of the advancement of the very acclaimed authorizing (or diversifying) framework. During 2006 business expanded by a unimaginable 59% (Engel and Voelkers created organization income of 122.7 million Euro in 2006 contrasted with 82.5 million Euro in 2005).

About HomeSmart

HomeSmart International offers franchise opportunities using a proven “Low-fee, high-value” brokerage model. High value is achieved through SMART execution and service. This results in innovative processes and technology that will continue to revolutionize the residential real estate industry, while keeping your brokerage on the forefront. Our proven model focuses on four key pillars of success: Career Services, Agent Services, Broker Services and Transaction/Closing Services- and the creation of operational efficiencies within each pillar through our proprietary technology. Join One of the Fastest Growing Real Estate Companies! This franchise model has created one of the fastest growing real estate companies in the nation in a very short time, with agent counts up 51% over the last two years to over 7,700 agents worldwide in 14 states and 2 countries. We have immediate plans to continue our exponential growth across the United States this year.

Make the SMART move with HomeSmart

Learn more to see if the HomeSmart real estate franchise model might be the right fit for you.
See how HomeSmart is leading the real estate revolution.

Veteran Incentives  25% off franchise fee