Crye-Leike vs NextHome Franchise Comparison

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

Start-Up Costs and Fees

 
Crye-Leike Franchise
NextHome Franchise
Investment $59,100 - $160,300$14,750 - $213,100
Franchise Fee $13,500 - $25,000$3,750 - $8,000
Royalty Fee 6%$180-$190/mo.
Advertising Fee -$75-85/transaction
Year Founded 19762014
Year Franchised 19992014
Term Of Agreement 5 years-
Term Of Agreement 5 years-
Renewal Fee 10% of initial fee-


Business Experience Requirements

 
Crye-Leike Franchise
NextHome Franchise
Experience --

Financing Options

 
Crye-Leike Franchise
NextHome Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees No/No-/-
Start-up Costs No/No-/-
Equipment No/No-/-
Inventory No/No-/-
Receivables No/No-/-
Payroll No/No-/-

Training & Support

 
Crye-Leike Franchise
NextHome Franchise
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

 
Crye-Leike Franchise
NextHome Franchise
US Expansion -Yes
Canada Expansion No-
International Expansion No-

Company Overviews

About Crye-Leike

As a full service real estate company since 1976, Crye-Leike offers real estate and related services, including: relocation services; commercial business and investment real estate services; property leasing and management services; insurance services; title & closing services; mortgage services; home warranty services; home services; auction services; business brokerage services; REO services for bank-owned & foreclosed properties and real estate schools.
The Crye-Leike has grown to be a brand to be reckoned with among real estate brands.

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
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

#95 in Franchise 500 for 2020.
#79 in Franchise 500 for 2021.