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Updated RecentlyEngel & Voelkers vs Renters Warehouse Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Engel & Voelkers vs Renters Warehouse including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $176,000 - $320,500 | $14,819 - $50,405 |
| Franchise Fee | $25,000 | $1,000 - $10,000 |
| Royalty Fee | 6% | 4.5% |
| Advertising Fee | 1.5% | - |
| Year Founded | 1977 | 2007 |
| Year Franchised | 1998 | 2011 |
| Term Of Agreement | - | 7 years |
| Term Of Agreement | - | 7 years |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | - | Q. Do you need business experience to run a Renters Warehouse property management franchise? A. No, Renters Warehouse will provide your initial training and also ongoing support. We will also provide you with a well documented and easy to use operations manual. |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | -/- | -/- |
| Start-up Costs | -/- | -/- |
| Equipment | -/- | -/- |
| Inventory | -/- | -/- |
| Receivables | -/- | -/- |
| Payroll | -/- | -/- |
Training & Support |
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| 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. | Available at headquarters: 5 days. At franchisee's location: 2 days. |
| Support | - | Newsletter, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives, Lease Negotiation |
| Marketing | - | Co-op advertising, National media, Regional advertising, |
| Operations | - | - |
Expansion Plans |
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| US Expansion | - | Yes |
| Canada Expansion | - | - |
| International Expansion | - | - |
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 Renters Warehouse
The Renter's Warehouse franchise offers a complete business model based on technology, operating systems, marketing programs and proven property management business tools.Renters Warehouse was named the largest and fastest growing property management company in Minnesota by Inc. Magazine. In addition to Minnesota, they are ranked #3 in the nation. Renters Warehouse is also considered the largest Minneapolis Property Manager. Renters Warehouse was featured #132 in the Inc. 500 for fastest growing privately held companies in America!
Renters Warehouse is America’s full-service property management and investment services company for Single-Family Rental homes.
We believe our clients deserve a partner to help them execute on their real estate investment strategy with ease. Our real estate investment marketplace services and hassle-free property management will help you to take the next steps to financial freedom.