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Commission Express
Commission Express businesses advance real estate sales commissions to agents and brokers (customers) by factoring their commissions at a discount. Commission Express creates a great atmosphere for their customers because the process is easy, fast and reliable, and Commission Express usually sells their commissions at the time of contract ratification. All the customer has to do is fax in the necessary documents to Commission Express for review. When approved, they can come to the Commission Express offices to get their checks or Commission Express will mail or wire the funds. The entire process usually takes less than two days.
Facts & figures
$100,000 is required in available capital if you want to become a franchisee. $112,000 is the minimum net worth required to open a location. The ongoing royalty payments from franchisees paid back to the franchisor is 9%. The lowest you can expect to invest is $172,300 if you want to become a franchisee. The most the franchisor could ask you to invest is $301,500 if you want to become a franchisee. New franchisees can expect to pay a $10,000 franchise fee for the rights to open their own location. The company was originally founded in 1992. Franchising as a means of location growth started in 1996. There are currently 50 Commission Express units in operation.
