In this article, you’ll find information on what it takes to join KeyGlee’s franchise program, the franchise costs, and other vital details.
Real estate is a massive industry with many players and various investment opportunities. One of these includes owning or joining a real estate franchise program.
Here, we focus on KeyGlee’s franchise. This wholesale real estate service provider has been around for over five decades.
Its history of successful transactions, over 800 flips, and 100 franchises spread across 45 different markets make its franchise program one of the most interesting.
As stated earlier, KeyGlee is a respected real estate brand specializing in wholesale services. It has an app that helps buyers find ideal properties for sale.
Once they join a buyers list through its app, instant notifications are sent about available real estate investment properties.
KeyGlee’s top-notch performance has endeared it to clients and franchise candidates. What more? KeyGlee’s over five decades of experience and expertise means your investments are safe.
As its franchisee, you’re guided through the ownership process and taught how to carry out your operations.
The KeyGlee Advantage
As one of the nation’s largest real estate investment property wholesalers, KeyGlee promises robust growth and support.
Since its franchising operations in 2020, the company has experienced rapid growth, with over 125 franchise units scattered across the country, with some under development.
All keyless franchisees enjoy ongoing support and training, B2B focus, and growth-focused systems and processes in place.
What more? Franchisees get protected territories; have access to the acquisition & disposition network and KeyGlee’s supplier & buyer leads.
What more? Some of KeyGlee’s operating principles include transparency and ethical behavior. The program is led by the company’s highly experienced team, who always provides your needed help.
KeyGlee Seeks for Franchisees in the Following States
KeyGlee’s franchise offering is available to persons in these U.S. states: Alaska, Alabama, Arkansas, Arizona, California, Colorado, and Connecticut.
Others include the District of Columbia, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, and Massachusetts.
KeyGlee also wants to expand to these states: Maine, Michigan, Minnesota, Missouri, Montana, North Carolina, North Dakota, Nebraska, and New Hampshire.
Others include New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, and South Dakota.
If you live in any of these: Tennessee, Texas, Utah, Virginia, Vermont, Wisconsin, West Virginia, or Wyoming, KeyGlee’s franchise offering is also available.
What Does KeyGlee’s Training and Support Cover?
Part of the processes for ownership of KeyGlee’s franchise includes training.
Here, both new and existing franchisees enjoy initial and ongoing training. Training covers critical areas of operation, like learning the ins and outs of how business is done.
Other areas include software suite training, immersion weeks with KeyGlee specialists, and learning to make outbound calls with ease.
Support services include monthly owners’ calls & networking events, weekly one-on-one review & training, and up to 48 hours of in-person launch training.
Thirty hours of in-person and online training before launch is also offered.
KeyGlee also offers an integrated software suite, including a CRM, while also providing help with compiling & estimating property prices.
KeyGlee Franchise Term
All KeyGlee franchisees are offered a 10-year term. Also, this franchise term is renewable. However, such a renewal might not be automatic.
It might require meeting certain conditions. To be sure, you’ll need to make inquiries by asking the franchisor for details about its franchise term.
KeyGlee Franchise Costs
This is the critical requirement for joining KeyGlee’s franchise program. This franchisor requires an initial franchise fee of $100,000.
The franchise fee may be flat or influenced by experience or territory size. You’ll need to pay the price as an up-front payment and usually at the signing of the franchise agreement.
KeyGlee’s initial investment is around $124,800 to $274,050. This investment covers expenses like business licenses, real estate, supplies, equipment, and working capital.
A full breakdown of the initial investment is given in the franchise disclosure document (FDD).
Franchise candidates must also meet the franchisor’s cash requirement of $60,000. You’ll also need to pay KeyGlee’s royalty fee of 15%. As the name suggests, this isn’t a one-time payment but needs to be paid regularly.
The royalty fee is a percentage of the weekly or monthly gross sales. In some cases, franchisees may be required to pay a flat fee irrespective of their weekly sales.
Discussing this with a franchise representative to determine the payment structure would be best.
The ad royalty fee is another payment you’ll need to make to KeyGlee. This payment is meant to support advertising or marketing efforts.
The ad royalty fee goes by several names, including brand fund, advertising, and marketing fees, among other name variations.
Having discussed the cost of joining KeyGlee’s franchise program, considering financing options is normal.
Does KeyGlee make provisions for financing? It does. As a franchisee seeking financing opportunities, you can choose between its in-house and third-party financing.
Under the in-house arrangement, financing only covers the franchise fee. On the other hand, its third-party financing provision covers startup costs, franchise fees, accounts receivable, payroll, inventory, and equipment.
However, it must be said that financing isn’t automatic.
In other words, you’ll need to qualify for such financing to enjoy it. For details on what’s required to enjoy KeyGlee’s financing, you only need to inquire from the franchisor’s franchise development team.
Additional Details about Running KeyGlee’s Franchise
When it comes to absentee ownership, KeyGlee has a provision for that.
This means you can own this business while maintaining your day job. While that is true, the franchisor doesn’t offer exclusive territories. What more? Its franchise offering can be run part-time.
Are you convinced about this opportunity? The same procedure is followed whether you want to learn more or apply for the chance.
You only need to click the “apply now” button. This redirects you to a form where you get to provide your details. This helps signify your interest in the opportunity.
You can start the ownership process by following the guidelines provided in this article. KeyGlee is interested in attracting qualified candidates to join its ranks.