NEXTHOME
NextHome, Inc. offers franchises for operating real estate brokerage offices under the NextHome brand, specializing in the sale and leasing of residential and commercial properties as well as other real estate-related activities. The business model leverages the NextHome System, including proprietary methods, technology, marketing strategies, training, and vendor relationships, with franchisees paying initial fees starting at $5,000 for a 1-year term or $10,000 for 5 years, plus total investments from $16,750 to $221,595. The target market primarily consists of buyers and sellers of residential real estate in urban residential and business locations, competing in a highly developed and regulated industry.
Disclaimer: This information was extracted using AI from public Franchise Disclosure Documents and should be independently verified. This is not financial or legal advice. Always review official FDD filings before making investment decisions.
Overview
Financial Requirements
$125/mo base franchise fee + agent/team royalties ($100-$210/mo per agent or $475-$575 per transaction for 5-yr term) + $80-$90 per transaction side technology fee. Annual disaster relief $299-$899 (monthly equiv. $25-$75).
Franchise Stats
Financial Performance
Item 19 Financial Performance
This franchise did not provide Item 19 financial performance data.
Be careful if you are interested in investing. The lack of financial performance representations may indicate limited data or varying results across franchises.
Extracted Item 19 Section
How NEXTHOME Compares to Other Business Services Franchises
Key Insights
- Lower investment than 92% of Business Services franchises
- Higher than average SBA loan default rate in Business Services
| Franchise | Investment Range | Franchise Fee | Royalty | Locations |
|---|---|---|---|---|
NEXTHOME Current | $17K - $222K | $10K | N/A | 608 |
| Bimbo Foods Bakeries Distribution, LLC | $14K - $607K | N/A | N/A | 6,454 |
| THE UPS STORE (TRADITIONAL) | $216K - $609K | $30K | 5.0% | 4,500 |
| JACKSON HEWITT TAX SERVICE | $71K - $105K | $25K | 15.0% | 2,744 |
| CRUISE PLANNERS | $2K - $21K | $11K | 3.0% | 2,655 |
| SERVPRO (UNIT) | $259K - $380K | $100K | 10.0% | 2,286 |
Business Services Average 187 franchises | $118K - $285K | $46K | 10.4% | - |
* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 187 Business Services franchises by location count.
Locations & Growth
Outlet Growth Over Time
Total outlets at end of each year
Geographic Distribution (2024)
Outlets by state across the United States
+33 more states
SBA Loan History
Historical SBA 7(a) loan data for NEXTHOME franchisees (2023 - 2023)
Loans by Year
* Data sourced from SBA 7(a) FOIA loan records. Default rate calculated from charged-off loans.
Franchisee Contacts
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Due Diligence
Litigation (Item 3)
No litigation involving franchisees reported in the FDD.
Bankruptcy (Item 4)
No bankruptcy history reported in the FDD.
System Health (Item 20)
Franchise system changes reported in the most recent fiscal year
Frequently Asked Questions
How much does it cost to open a NEXTHOME franchise?
The total initial investment to open a NEXTHOME franchise ranges from $16,750 to $221,595. This includes a franchise fee of $10,000.
How many NEXTHOME franchise locations are there?
As of the 2025 FDD, NEXTHOME has 608 franchise locations. The company has been franchising since 2014.
Can you get an SBA loan for a NEXTHOME franchise?
Yes, SBA loans are available for NEXTHOME franchises. Historical data shows 1 SBA 7(a) loans have been approved for NEXTHOME franchisees, with an average loan amount of $350,000. The historical default rate is 0.0%.
Is NEXTHOME a good franchise to buy?
NEXTHOME shows several positive indicators: established brand with 608+ locations, low SBA loan default rate. However, franchise success depends on many factors including location, local market conditions, and owner involvement. We recommend speaking with existing franchisees and consulting with a franchise attorney before making a decision.
Interested in NEXTHOME?
Talk to a franchise advisor to get personalized guidance and learn if NEXTHOME is the right fit for you.
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