About 1st Class Real Estate

Industry

Services (Other)

Related Categories

Real Estate

Founded

2012

Leadership

Rhyan Finch, Owner/CEO

 

Franchising Overview

Franchising Since 2018 (3 years)

# of employees at HQ

12

# of Units

38 (as of 2021)

 

Franchisor Information

Social

Facebook, Twitter, Linkedin, Instagram, Youtube, Pinterest

Corporate Address

831 Seahawk Cir., #101

Virginia Beach, VA 23452

 

Information for Franchisees

Here’s what you need to know if you’re interested in opening a 1st Class Real Estate franchise.

 

Financial Requirements & Ongoing Fees

Here’s what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee

$5,000 - $25,000

Initial Investment

$14,420 - $209,475

Cash Requirement

$25,000

Royalty Fee

$150/mo.

Term of Agreement

5 years

Is franchise term renewable?

Yes

 

Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

In-House Financing

1st Class Real Estate offers in-house financing to cover the following: startup costs, equipment, inventory, accounts receivable, payroll

Third Party Financing

1st Class Real Estate has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll

 

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

Classroom Training

16 hours

Additional Training

Virtual training

 

Ongoing Support

Newsletter

Grand Opening

Online Support

Security & Safety Procedures

Lease Negotiation

Field Operations

Site Selection

Proprietary Software

Franchisee Intranet Platform

 

Marketing Support

Co-op Advertising

Ad Templates

Social Media

SEO

Website Development

Email Marketing

Loyalty Program/App

 

Operations

Additional details about running this franchise.

Is absentee ownership allowed?

No

Can this franchise be run from home/mobile unit?

Yes

Can this franchise be run part time?

Yes

# of employees required to run

1