1851

Franchises use vendors to assist with various aspects of the business, such as real estate procurement. When a company is expanding and needs to find locations to do so, it often seeks the help of real estate suppliers — which are often commercial brokers — to help find and secure the land and/or spaces.&nbsp;“When they're first starting out, they're probably going to outsource a lot of things because they're not going to have the expertise to do it,” said&nbsp;<a href="https://www.linkedin.com/in/gwynokane/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=how-real-estate-suppliers-support-franchises-2718888" target="_blank" rel="nofollow">Gwyn O’Kane</a>, franchise consultant at FranDecision.&nbsp;The Entrepreneur’s Source just recently&nbsp;<a href="https://www.entrepreneur.com/franchises/top-franchise-suppliers?utm_source=1851franchise.com&utm_medium=article&utm_campaign=how-real-estate-suppliers-support-franchises-2718888" target="_blank" rel="nofollow">released a ranking of the best franchising suppliers</a> in numerous categories, out of 750 vendors. The top 10 name brands that help franchises with their real estate aspects are:<ol><li><a href="https://www.cbre.com/en?utm_source=1851franchise.com&utm_medium=article&utm_campaign=how-real-estate-suppliers-support-franchises-2718888" target="_blank" rel="nofollow">CBRE</a></li><li><a href="https://resolutre.com/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=how-real-estate-suppliers-support-franchises-2718888" target="_blank" rel="nofollow">RESOLUT RE</a></li><li><a href="https://www.morrowhill.com/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=how-real-estate-suppliers-support-franchises-2718888" target="_blank" rel="nofollow">Morrow Hill</a></li><li><a href="https://keyser.com/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=how-real-estate-suppliers-support-franchises-2718888" target="_blank" rel="nofollow">Keyser</a></li><li><a href="https://www.locate.ai/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=how-real-estate-suppliers-support-franchises-2718888" target="_blank" rel="nofollow">LocateAI</a></li><li><a href="https://www.nmrk.com/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=how-real-estate-suppliers-support-franchises-2718888" target="_blank" rel="nofollow">Newmark Knight Frank</a></li><li><a href="https://www.coldwellbanker.com/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=how-real-estate-suppliers-support-franchises-2718888" target="_blank" rel="nofollow">Coldwell Banker</a></li><li><a href="https://www.colliers.com/en?utm_source=1851franchise.com&utm_medium=article&utm_campaign=how-real-estate-suppliers-support-franchises-2718888" target="_blank" rel="nofollow">Colliers International</a></li><li><a href="https://fischercre.com/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=how-real-estate-suppliers-support-franchises-2718888" target="_blank" rel="nofollow">Fischer</a></li><li><a href="https://www.repmgroup.com/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=how-real-estate-suppliers-support-franchises-2718888" target="_blank" rel="nofollow">Rep'M Group</a></li></ol>And while many “hire a director of real estate internally to help them make intelligent decisions on where their franchisees should be targeting and help them through that process, most still work with real estate brokers, who are usually going to have all the information about what's available on the market and what can be sold,” said&nbsp;<a href="https://www.linkedin.com/in/joshuakovacs/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=how-real-estate-suppliers-support-franchises-2718888" target="_blank" rel="nofollow">Joshua Kovacs</a>, CEO of Oakscale Franchise Development. “And there are various suppliers that come up with information like what your target areas are and who your customer is in a certain geographical area.”LocateAI, which came in at number five on The Entrepreneur’s Source list, helps franchises with both real estate purchasing and location demographics.&nbsp;<a href="https://www.linkedin.com/in/ty-brewster-cfe-99152b100/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=how-real-estate-suppliers-support-franchises-2718888" target="_blank" rel="nofollow">Ty Brewster</a>, a broker at the brand, works exclusively with franchises, including Potbelly Sandwich Shop and ISI Elite Training to find retail spaces.“On the technology side, we have a reporting system that tracks 180 million cell phones around the country, and we provide all that data to our clients for free,” said Brewster. “The geofencing data understands what the traffic looks like in a certain area where you're looking to open a store. We can tell you, 'Here are your clients and this is where they're found in the highest numbers.”After looking at the 68-point psychographic categories that they break down data into, franchisees can work with the brokers at LocateAI to find spaces in those target areas where they could move into or build.&nbsp;“We help identify space available in the market, help them with letters of intent and negotiate to get the right terms,” Brewster said. “And we are paid a commission from the seller of the property. We are a free service to all of our franchisee clients because we get paid by the landlords.”These kinds of suppliers can be an extraordinarily helpful asset for franchises that are trying to expand, need help locating the right neighborhoods and find real estate to purchase. Be sure to check out&nbsp;<a href="https://www.entrepreneur.com/franchises/top-franchise-suppliers?utm_source=1851franchise.com&utm_medium=article&utm_campaign=how-real-estate-suppliers-support-franchises-2718888" target="_blank" rel="nofollow">The Entrepreneur's Source ranking</a> for a full list of vendors.&nbsp;

How Real Estate Suppliers Support Franchises

1851 Franchise

Real estate vendors help both franchisors and franchisees find and secure locations that will do well in their target market. 

how-real-estate-suppliers-support-franchises

TruBlue Home Service Ally

TruBlue Home Service Ally Celebrates Major Milestone With Opening of Its 100th Franchise Location

trublue-home-service-ally-celebrates-major-milestone-with-opening-of-its-100th-franchise-location

Children's Lighthouse

Children’s Lighthouse Named Among the Top Franchises in Entrepreneur Franchise 500® Ranking

Children’s Lighthouse Named Among the Top Franchises in Entrepreneur Magazine’s Franchise 500® Ranking

childrens-lighthouse-named-among-the-top-franchises-in-entrepreneur-magazines-franchise-500-ranking

Layne's Chicken Fingers

Four Layne's team members stand in front of a wall decorated with artwork from the community

The Easiest $10,000 Made in a Day: How Layne’s Built Operations for Volume

the-easiest-10000-made-in-a-day-how-laynes-built-operations-for-volume

Pet Wants

Why Pet Wants Is Perfect for First-Time Franchise Owners

why-pet-wants-is-perfect-for-first-time-franchise-owners

Griswold

7 Winter Safety Tips for Seniors: Staying Safe During National Winter Safety Month

7-winter-safety-tips-for-seniors-staying-safe-during-national-winter-safety-month

Buying a Franchise Masterclass

 Franchise Opportunities

Get Support Buying a Franchise

How to Buy a Franchise White Paper

How to Buy a Franchise

How to Sell Franchises

How to Grow a Franchise

Find a Franchise Supplier

1851 Franchise Opportunities

Franchisor News

Franchisor Power Rankings

FranCamp Mastermind Summit

Franchise Resources

What ALEC-Laffer's Report Means for Franchising

Website Awards

Power Rankings

About 1851

Advertise on 1851

Contact 1851 Editorial

Terms of Use

Login

facebook

instagram

twitter

linkedin

youtube

Yum Brands - KFC - Pizza Hut - Terminates Franchise Agreements in Turkey - 1851 Franchise

Yum! Brands Terminates Franchise Agreements in Turkey Due to Non-Compliance

yum-brands-terminates-franchise-agreements-in-turkey-due-to-non-compliance

Recent Franchise News - Why Franchisors Churn Through Marketing Suppliers - 1851 Franchise

Forbes: Four Reasons Why Franchisors Churn Through Marketing Suppliers

forbes-four-reasons-why-franchisors-churn-through-marketing-suppliers

QSR Magazine: Big Chicken Targets Global Expansion

qsr-magazine-big-chicken-aims-for-global-growth

Starbucks Strike Brews Opportunity for the Next Coffee Franchisee

starbucks-strike-brews-opportunity-for-coffee-franchise-hopefuls

I Heart Mac and Cheese - Franchisees Sue I Heart Mac and Cheese - Franchise News - 1851 Franchise

Restaurant Business Online: Franchisees Sue I Heart Mac and Cheese

restaurant-business-online-franchisees-sue-i-heart-mac-and-cheese

Two Attorneys, Restaurant Professionals To Serve Germantown Community With New Paris Baguette Café

two-attorneys-restaurant-professionals-to-serve-germantown-community-with-new-paris-baguette-cafe

Top 10 Franchises for New Year’s Resolutions

Top 10 Franchise Opportunities for New Year’s Resolutions

top-10-franchises-for-new-years-resolutions

Leveraging Technology in Franchise Management

How to Leverage Technology in Franchise Management

leveraging-technology-in-franchise-management

The Best Franchises To Own With Low Initial Investments

best-franchises-with-low-initial-investments

Newk's Eatery - Magee, MS - Skip Russell Franchisee Profile - CI

Former Popeyes Franchisee Builds on Decades of Success with Newk's Expansion Plans

former-popeyes-franchisee-builds-on-decades-of-success-with-newks-expansion-plans

How Real Estate Suppliers Support Franchises

MORE STORIES LIKE THIS