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Updated RecentlyShowhomes Home Staging vs Prospect Equities Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Showhomes Home Staging vs Prospect Equities including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $85,650 - $164,500 | $50,000 - And Up |
| Franchise Fee | $49,900 | $15,000 |
| Royalty Fee | 10% | - |
| Advertising Fee | 2% | - |
| Year Founded | 1986 | 2000 |
| Year Franchised | 1994 | 2010 |
| Term Of Agreement | - | - |
| Term Of Agreement | - | - |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | - | - |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | Yes/Yes | -/- |
| Start-up Costs | No/Yes | -/- |
| Equipment | No/Yes | -/- |
| Inventory | No/No | -/- |
| Receivables | No/No | -/- |
| Payroll | No/No | -/- |
Training & Support |
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| Training | Classroom Training: 40 hours | The Prospect Equities� School of Real Estate offers a robust and complete set of curriculum designed to address today's pressing real estate issues. A variety of management and agent classes are available in classroom, online and self-paced platforms. With a highly trained team of agents in the field, and a smoothly running support staff in the office, plus training on an effective Platinum Club approach, your firm will win listings, justify the charge for your valuable services, and increase repeat and referral business. A small sample of classes include: -Listing Leaders -Buyer Power -Leasing Agency -Contract Negotiation -Agency & Contracts -The Customer's Strategy -Personalities -Red Flags in Real Estate -Title & Due Diligence -The Power of Finance -Insurable Interests -Business Planning -Marketing Yourself & Your Career -Social Media in Real Estate -FSBO's & Expired's -REO & Foreclosures -HUD and VA Overview -Short Sales -Luxury Living & Second Home Market -Commercial Real Estate -Investment Strategies -Property Management -Mortgage Lending Overview -Business Brokerage -Closing the Deal |
| Support | Purchasing Co-ops Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Proprietary Software Franchisee Intranet Platform | The CSS Lead Software is proprietary and exclusive to PE agents. Our unique engineered Information Technology software allows agents to locate potential property buyers and sellers by design. Agents can simply plug in the criteria of their "perfect client" and the software will generate the names, numbers, and addresses (pre-scrubbed) of the nearest matches for the ultimate customer-agent potential. Coupled with our Platinum Club Marketing Strategies, our CSS software is revolutionizing the way real estate agents obtain and convert transactions! PE Broker Resource Network - is committed to helping our member firms identity and implement referral strategies that will grow their business. The Network provides assistance in the placement and registration of referrals through a dedicated 800# referral help line along with programs to provide your clients with offers and services including mortgage, title, home warranty, insurance, construction, demolition, environmental services, home improvement retail chains and much more. Recruiting Programs/Benefits for PE Franchises Recruiting exceptional candidates for your firm, and building a benefits package to help retain them, can be a time consuming job. That's why we've pre-assembled the tools you'll need to execute a compelling, successful recruiting campaign and work to build programs and resources to help you attract and keep the right people. Since our inception, PE has experienced a less than 1% annual turnover rate. No other National Franchise System can say that. We retain the agents we hire. No other real estate franchise system can offer higher compensation along with the maximized support and ancillaries that PE offers. Become privy to the unique recruiting methods we have designed, implemented, and mastered to assist you in growing your office unparallel to the competition. No other real estate franchise system can recruit, train, and retain the level of agents that our proven history has accomplished over the years. |
| Marketing | Co-op Advertising Ad Templates National Media Social media SEO Website development Email marketing | Our web-based personal marketing platform and wide variety of marketing programs, including home seller and buyer systems, personal promotion tools, business-building resources, and much more, will provide you with the means to reach and attract more customers. Advertising Prospect Equities� supports your local advertising efforts with print advertising and a strong Internet presence. In addition, we provide you with the tools that will help you build a strong brand in your local market. HighEnd ProspectTM When it comes to obtaining and marketing upscale listings, we help your firm compete with HighEnd Prospect, our comprehensive luxury marketing program that includes a multi-media advertising component. We will bring national and regional exposure to your listings as well as support your local efforts with customized high-end materials. |
| Operations | - | - |
Expansion Plans |
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| US Expansion | Yes | Yes |
| Canada Expansion | No | - |
| International Expansion | No | - |
Company Overviews
About Showhomes Home Staging
Interested in home staging and want to own your own business?
* Interested in joining a fun and exciting business you can be passionate about?
* Like watching HGTV and are curious about this rapidly growing industry?
* Interested in being able to utilize your creative abilities?
* Looking to escape corporate America and work for yourself in a low cost home-based business?
Then owning a Showhomes home staging franchise could be exactly what you have been searching for!
Showhomes has been featured on: Oprah, CNN, FOX News, ABC, CBS, The Travel Channel, USA Today, The Wall Street Journal, The New York Times.
The Showhomes concept is based on over two decades of market experience that helps you launch a viable business providing staging and home management services in an exclusive territory.
* Showhomes contracts with owners of vacant homes to fully furnish the homes and contracts with a Home Manager to live in the home and keep it in show-to-sell condition until it sells.
* Homeowners pay Showhomes franchisees a setup fee when the home is staged and a performance-based Success fee when and if the home sells.
* Home Managers pay Showhomes franchisees monthly fees for the privilege of living in and enjoying upscale homes. The monthly fee is not shared with the homeowner and is far below the market rental rate for that home.
Key Showhomes Franchise Advantages:
* We're America's largest home staging company, recognized across the real estate industry as the leader in this category. This strong brand awareness, together with our powerful marketing strategy, generates a steady stream of leads.
* We offer internal financing for qualified franchise prospects - keep your costs to start up low!
* We offer world-class training and support for you and your entire office staff.
* We provide you with a proven system for staging homes utilizing our unique model.
Veteran Incentives $2,500 off franchise fee
About Prospect Equities
Owning a real estate franchise has many advantages... Here are a few: Recognition A nationally recognized and successful real estate brand name gives your real estate business instant recognition and market awareness that leads to more prospective buyer and sellers. Resources A brand name, marketing tools/resources and cooperative marketing ventures increase the ability to promote your real estate business on a broader scale. Recruitment Association with a top real estate franchise improves agent recruitment and retention. Networking Franchises offer more networking opportunities for real estate professionals and the synergy of being part of a team. Training Top franchises offer high levels of training and mentoring through live and online courses, seminars, and sales conferences. Benefits Group medical insurance and retirement programs not available to independent agencies are often available through franchises. Earnings Franchises may lead to increased revenue opportunities through additional services such as title, financing and other home ownership services. Shopping for a Real Estate Franchise - What Should I Look For? All real estate franchises are not alike. Here are some factors to look for as you shop for real estate franchises: Responsiveness Make sure the franchisor is responsiveness to franchise inquiries. Telephone calls are returned promptly. Questions and concerns are encouraged and fully addressed to your satisfaction. Financial Strength Is the real estate parent corporation strong and profitable? Lawsuits What is the litigation history? It is not unusual for major corporations to face litigation in today's world; however, be wary of companies with repeat legal claims and excessive litigation history. Support What kind of assistance is available for real estate franchise financing? Although the franchisor most likely does not offer direct financing, they should referrals to prospective lenders and other financing resources. Marketing Is proactive marketing using multiple channels available at a reasonable cost for franchisees? Territory Does the franchisor offer a protected territory? Training Are training and coaching provided for franchise members and their teams? Benefits Are employment benefits such as group medical insurance, life insurance and retirement plans are available? When you franchise with Prospect Equities, not only do you enhance your firm's local and regional strengths with our marketing prowess, but you tap the strength of a powerful, trusted name brand. Benefits of Franchising with Prospect Equities can include: A clear distinction from the competition with our unique Customer Strategy System and Prospect Equities Platinum Club programs Perfected agent recruitment and retention. Limitless potential to increase your profitability as part of our Prospect Equities Referral and Ancillary Network Systems, tools, training and benefits to help you compete in any marketplace and with proven "recession-proof" strategies A helping hand to work with you, build your profitability, and grow your financial assets A low start-up and flexible franchise pricing model including a protected territory You must qualify to be awarded a Prospect Equities Franchise. Since territories are limited, we will only select the most qualified brokers to be awarded this opportunity. When you're ready to discuss a possible Real Estate Franchise with Prospect Equities, just email us at [email protected], or call us at 800-913-4110 and one of our Franchise Development specialists will be happy to assist you.