Keller Williams Realty is a real estate company offering brokerage services to clients buying or selling homes. The franchise empowers agents with advanced technology and training to better serve their clients.
Key Insights
- Founded with a vision for agent success, Keller Williams Realty has grown into a global real estate franchise. The business prioritizes training, technology, and a supportive culture, fostering an environment where real estate professionals can thrive and build their careers through a unique profit-sharing model.
- The franchise operates on a model that empowers its associates through a robust support system and innovative tools. This business structure focuses on collaboration and knowledge sharing, enabling agents to deliver exceptional service to clients in diverse real estate markets.
- Keller Williams Realty is a prominent player in the residential real estate brokerage industry. The franchise leverages advanced technology and market insights to serve buyers and sellers, navigating the complexities of property transactions within a dynamic and competitive landscape.
Franchise Fee and Costs to Open
Exploring the financial picture of Keller Williams Realty gives insight into both the upfront commitment and the potential revenue opportunity. According to FDD Item 7, opening this franchise typically involves an investment in the range of $182,430 - $335,697, along with a franchise fee of $35,000 - $35,000.
Financial Performance and Revenue
Yearly gross sales of $12,482,841 and estimated earnings of $2,122,083 - $2,746,226 show the potential financial performance of this franchise. These figures are crucial for prospective franchisees as they help to project revenue and profitability. They offer insight into the business's ability to generate income and can be used to compare its performance against other investment opportunities. The Franchise Payback Period of 1.6-3.6 provides an estimation of the time it might take for an owner to recover their initial investment. This metric is a key consideration for anyone evaluating the financial viability of a franchise, as it relates directly to the speed at which the business can become profitable. A shorter payback period can indicate a faster return on capital, which is a significant factor in making an informed decision about a franchise investment.
Training and Resources
Keller Williams Realty provides comprehensive training for new franchisees. This initial program offers a robust curriculum designed to equip new owners with the foundational knowledge for success. The training lasts for a specified duration and takes place at a designated Keller Williams Realty location. The franchisor also offers ongoing resources and support throughout the franchise journey.
Legal Considerations
Legal considerations for a Keller Williams Realty franchisee are outlined in the Franchise Disclosure Document (FDD) and the Franchise Agreement. Note that this franchise discloses lawsuits and/or bankruptcy information in its FDD, which may impact your evaluation. Subscribe now to access more details and be sure to consult a qualified attorney before proceeding.
Challenges and Risks
Franchisees may navigate a competitive local market, requiring differentiated strategies to attract agents and clients. The operational complexity of managing a real estate brokerage, including compliance and agent support, presents ongoing considerations. Reliance on a specific network of service providers, from lenders to inspectors, demands careful relationship management and contingency planning.
Franchise Datasheet
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