My Friend's Place vs HomeSmart Franchise Comparison

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

Start-Up Costs and Fees

 
My Friend's Place Franchise
HomeSmart Franchise
Investment $156,650 - $260,400$65,500 - $205,000
Franchise Fee $20,000$20,000
Royalty Fee 5%varies
Advertising Fee 1%varies
Year Founded 19802000
Year Franchised 19802005
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements

 
My Friend's Place 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

 
My Friend's Place Franchise
HomeSmart Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs -/--/-
Equipment -/--/-
Inventory -/--/-
Receivables -/--/-
Payroll -/--/-

Training & Support

 
My Friend's Place Franchise
HomeSmart Franchise
Training 1. Headquarters 12 Business Days

2. Franchisee Site 12 Business Days

Classroom Training: 40 hours Additional Training: Virtual training
Support Field Operation Evaluation

Field Training: At Additional Cost

Initial Store Opening

Inventory Control: At Additional Cost

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 Average Number of Employees: 2 Full-time, 2 Part-time

Passive Ownership: Not Allowed

Absentee Ownership Allowed

Number of Employees Required to Run: 2 - 5


Expansion Plans

 
My Friend's Place Franchise
HomeSmart Franchise
US Expansion YesYes
Canada Expansion --
International Expansion -Yes

Company Overviews

About My Friend's Place

A quality franchise opportunity for your financial independence and future. Our restaurants cater to the quality-oriented customer interested in a quick, yet light and healthy lunch, specializing in sandwiches, salads, soups and home-made desserts. MY FRIEND'S PLACE is a 'Fresh Food Express!'

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