Franchise Deep Dive: Berkshire Hathaway HomeServices’ Franchise Costs, Fees, Profit and Data

LAST UPDATED: July 2023

FRANCHISE WEBSITE: https://www.bhhs.com/join-us/become-a-franchisee 

NUMBER OF LOCATIONS: 1,500+

REPORTED COST TO GET IN: $43,300-$88,375

REPORTED ROI (Item 19): Not disclosed

Berkshire Hathaway HomeServices is a real estate franchise that works with passionate real estate professionals to bring industry expertise, backed by a global giant, to local communities around the world. For franchisees, joining the network provides a group of passionate experts, supplemental training and support, and the power of a well-recognized brand name that can serve to bring a small, local real estate operation to the next level.

How Many Berkshire Hathaway HomeServices Locations Are There?

Berkshire Hathaway HomeServices reports over 50,000 agents across over 1,500 global offices. By welcoming independent agents to the network. Berkshire Hathaway HomeServices positions its franchisees to continue in their real estate operations, leveraging the expertise they have built over the course of their professional history, now with the backing of a giant name. 

The system has seen remarkable growth with multiple acquisitions in recent years and continued international expansion, and it appears to be on track to continue this growth.

What Is the Berkshire Hathaway HomeServices Business Model?

Berkshire Hathaway HomeServices has positioned itself as an expert in the real estate space, ready to take on projects for first-time buyers, those in luxury markets, commercial real estate sales and middle-market properties. 

By using a franchise model, Berkshire Hathaway HomeServices has built a group of local experts who are excited to serve as agents in their own communities.

“We think the Berkshire Hathaway name will be good for HomeServices and HomeServices for Berkshire,” said Warren Buffet, chairman and CEO at Berkshire Hathaway Inc. “When people are making the decision of the magnitude of buying a house, it’s the biggest decision a great many families will ever make. They want to know who they’re working with, and we think that the Berkshire Hathaway name will be reassuring to many of those people.”

How Much Can Berkshire Hathaway HomeServices Franchise Owners Make?

As a franchise system, Berkshire Hathaway HomeServices does not publicly disclose financial performance representations or return-on-investment data. Earnings can vary greatly, depending on factors like location and management. Potential franchisees should carefully review the franchise disclosure document (FDD) and speak with existing franchisees to better understand the potential financial performance. 

How Much Does It Cost To Open a Berkshire Hathaway HomeServices?

According to the International Franchise Professionals Group, Berkshire Hathaway HomeServices franchises require an initial investment of $43,300 to $88,375.

What Is the Franchise Fee for Berkshire Hathaway HomeServices?

The initial franchise fee is $25,000. Berkshire Hathaway HomeServices charges ongoing royalties at a rate of 6%.

Who Is the Leadership of Berkshire Hathaway HomeServices?

• Gino Blefari — Chairman
• Christy Budnick — CEO
• Steven Ladd — Chief Financial Officer, Senior Vice President
• Frank Perdichizzi — Executive Vice President, Global Business Development
• Rosalie A. Warner — Senior Vice President, Network Services
• Wendy Durand — Senior Vice President, Global Marketing & Communications
• Teresa P. Smith — Chief Diversity, Equity & Inclusion Officer
• Edward Maldonado — Vice President, Operations

What Helpful Articles Can I Read To Learn More?

• Berkshire Hathaway HomeServices: About Us
• Everything You Need to Know About Berkshire Hathaway
• The up-and-comer: Berkshire Hathaway HomeServices
• Berkshire Hathaway to shake up real estate franchise landscape

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