Berkshire Hathaway HomeServices Franchise

Berkshire Hathaway HomeServices offers a premium real estate franchise opportunity for those looking to establish a successful residential real estate brokerage business. As a part of the renowned Berkshire Hathaway brand, franchisees benefit from high brand recognition and a proven support system.

Franchise Highlights

• Industry: Real Estate Franchises
• Year Business Began: 2012
• Franchising Since: 2013
• Headquarters: Irvine, California
• Estimated Number of Units: 1,600

Investment Information

Starting a Berkshire Hathaway HomeServices franchise requires an initial investment estimated to range between $45,300 and $90,375. Here are key costs and fees:

• Franchise Fee: $25,000
• Launch and Post Launch Training: $100 to $2,500
• Exterior Signs: $1,000 to $20,000
• Stationery and Related Supplies: $2,000 to $5,000
• Yard Signs: $5,000 to $10,000
• Grand Opening Advertising: $5,000
• Computer Hardware: $1,000 to $4,000
• Approved Broker Management System: $3,000 to $5,000
• Business Class Internet and Telephone: $70 to $350
• Furniture, Fixtures & Equipment: $0 to $5,000
• Business Insurance: Varies
• Additional Funds – 3 months: $30 to $525

Ongoing Fees

• Continuing Royalty: Declining percentage of gross revenue or a minimum of $15,000 after the first year
• Marketing Fee: Declining percentage of gross revenue, with a monthly minimum of $500
• Referral Fee: $750 to $7,500
• Additional Location Fee: $2,500
• Late Fee: 12.5% per annum or the highest rate permitted by law

Training and Support

Berkshire Hathaway HomeServices provides comprehensive training and support:

• Approximately 18-22 hours of pre-launch assistance via phone and webinar
• Launch event and post-launch training for integration, tailored to your business size and needs
• Ongoing and refresher training from the global network training team and network service business consultants

Territory and Obligations

Franchisees do not receive exclusive territories. Factors such as reputation, market share, and expected gross revenues influence the potential grant of a protected territory, which may be defined by county or zip code. Obligatory conditions include appointing a supervising real estate broker and adhering to a noncompetition covenant and personal guaranty for certain ownership structures.

Agreement Terms and Renewal

• Initial Term: 10 to 15 years
• Renewal Rights: None

Financial Assistance

The franchisor may finance a part of the initial franchise fee or conversion costs. They do not offer direct or indirect financing beyond this and do not guarantee any franchisee's financial obligations.

Key Takeaways

• Join a premium brand with strong recognition and support
• Initial investment ranges from $45,300 to $90,375
• Comprehensive pre and post-launch training provided
• No exclusive territories, but potential for protected territory based on performance
• Financial assistance available for a portion of initial costs

Interested in learning more? Download the full Franchise Disclosure Document (FDD) to review comprehensive details, or fill out the free information request form on this page to get started.