| ||||
Updated RecentlyNextHome vs SVN Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of NextHome vs SVN including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
| Investment | $14,750 - $213,100 | $23,160 - $121,350 |
| Franchise Fee | $3,750 - $8,000 | $22,500 - $27,500 |
| Royalty Fee | $180-$190/mo. | 5% |
| Advertising Fee | $75-85/transaction | - |
| Year Founded | 2014 | 2001 |
| Year Franchised | 2014 | 2002 |
| Term Of Agreement | - | - |
| Term Of Agreement | - | - |
| Renewal Fee | - | - |
Business Experience Requirements |
||
| Experience | - | - |
Financing Options |
||
| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | -/- | -/- |
| Start-up Costs | -/- | -/- |
| Equipment | -/- | -/- |
| Inventory | -/- | -/- |
| Receivables | -/- | -/- |
| Payroll | -/- | -/- |
Training & Support |
||
| Training | Classroom Training: 28 hours | - |
| Support | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | - |
| Marketing | Ad Templates National Media Social media SEO Website development Email marketing | - |
| Operations | Number of Employees Required to Run: 1 | - |
Expansion Plans |
||
| US Expansion | Yes | Yes |
| Canada Expansion | - | - |
| International Expansion | - | Yes |
Company Overviews
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]("https://www.nexthome.com/wp-content/uploads/2019/08/luke_sign.jpg")
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]("https://d3fg11dgb68kbp.cloudfront.net/assets/photos/franchise-badge-22686037fc120ba1bd59c2c9fd6e0fbf.png"){kind=icon}
#95 in Franchise 500 for 2020.
#79 in Franchise 500 for 2021.
About SVN
![""]("https://fddexchange.com/wp-content/uploads/2020/12/SVN.png")
SVN International Corp. (SVNIC), a full-service commercial real estate franchisor of the SVN® brand, is comprised of over 1,600 commercial real estate Advisors and staff, in more offices in the United States than any other commercial real estate firm and continues to expand across the globe. Geographical coverage and amplified outreach to traditional, cross-market and emerging buyers and tenants is the only way to achieve maximum value for our clients. This is why we proactively promote properties and share fees with the entire industry. This is our unique Shared Value Network® and just one of the many ways that SVN Advisors create amazing value with our clients, colleagues and communities.
In the crowded commercial real estate field,
SVN Advisors stand apart. The SVN Difference directly relates to SVN's Core Covenants which emphasize accountability, transparency, fairness and collaboration. Through specialty Product Councils and other international programs, SVN Advisors can tap into national expertise in areas such as sales, leasing, tenant representation, corporate real estate, asset management, property management accelerated marketing, asset recovery and auction services. As the SVN Advisor base expands, SVNIC continues to invest in an innovative infrastructure that provides access to market information, client management and marketing tools and systems through a revolutionary cloud-based enterprise system.
The total investment necessary to begin operation of a new SVN Franchised Business is between $25,160 and $121,350. This amount includes an Initial Franchise Fee of $22,500 for the Team Program or $27,500 for the Established Program that must be paid to the Franchisor or its affiliates.
The total investment necessary to begin operation of a
conversion SVN Franchised Business is between $23,160 and $84,150. This
includes an Initial Franchise Fee that must be paid to SVNIC of $22,500
for the Team Program or $27,500 for the Established Program that must
be paid to the Franchisor or its affiliates.
A conversion SVN Franchised
Business is an existing commercial real estate services business that
converts to an SVN Franchise and operates under the Marks and System
established by SVNIC.