1st Class Real Estate vs Engel & Voelkers Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of 1st Class Real Estate vs Engel & Voelkers including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

  1st Class Real Estate Engel & Voelkers
Investment 14420 - 209475 176000 - 320500
Franchise Fee
Royalty Fee 6%
Advertising Fee 1.50%
Year Founded 2012 1977
Year Franchised 2018 1998
Term Of Agreement
Term Of Agreement
Renewal Fee


Business Experience Requirements

  1st Class Real Estate Engel & Voelkers
Experience

Financing Options

  1st Class Real Estate Engel & Voelkers
 
Franchise Fees Yes
Start-up Costs Yes
Equipment
Inventory
Receivables
Payroll

Training & Support

  1st Class Real Estate Engel & Voelkers
Training Classroom Training: 16 hours Additional Training: Virtual training Knowledge as a competitive factor The increasingly dynamic development of the markets calls for specialisation and sound expertise. Engel & Voelkers recognised the signs of the times early on and established its own academy in 1996 to provide a sound professional education to all company employees. During a six-day basic training course our new employees get to know the innovative Engel & Voelkers marketing system in a three-step programme. Among other things, the course subjects comprise questions of corporate identity and software seminars for the specially developed program "Global Office" as well as practice-oriented sales seminars. The training takes place regularly in the seminar room of the DJZ (German-Japanese Centre) at the Stadthausbroecke in Hamburg. Local seminars in the respective countries can be organized with a minimum of 6 participants.
Support Ongoing Support Newsletter Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform
Marketing Co-op Advertising Ad Templates Social media SEO Website development Email marketing Loyalty program/app
Operations Number of Employees Required to Run: 3

Expansion Plans

  1st Class Real Estate Engel & Voelkers
US Expansion
Canada Expansion 0
International Expansion

Start-Up Costs and Fees Mobile

Investment
1st Class Real Estate
Engel & Voelkers
Franchise Fee
1st Class Real Estate
Engel & Voelkers
Royalty Fee
1st Class Real Estate
Engel & Voelkers 6%
Advertising Fee
1st Class Real Estate
Engel & Voelkers 1.50%
Year Founded
1st Class Real Estate 2012
Engel & Voelkers 1977
Year Franchised
1st Class Real Estate 2018
Engel & Voelkers 1998
Term Of Agreement
1st Class Real Estate
Engel & Voelkers
Renewal Fee
1st Class Real Estate
Engel & Voelkers


Business Experience Requirements

Experience
1st Class Real Estate
Engel & Voelkers

Financing Options

 
Franchise Fees
1st Class Real Estate Yes
Engel & Voelkers Yes
Start-up Costs
1st Class Real Estate
Engel & Voelkers
Equipment
1st Class Real Estate}
Engel & Voelkers
Inventory
1st Class Real Estate
Engel & Voelkers
Receivables
1st Class Real Estate
Engel & Voelkers
Payroll
1st Class Real Estate
Engel & Voelkers

Training & Support

Training
1st Class Real Estate Classroom Training: 16 hours Additional Training: Virtual training
Engel & Voelkers Knowledge as a competitive factor The increasingly dynamic development of the markets calls for specialisation and sound expertise. Engel & Voelkers recognised the signs of the times early on and established its own academy in 1996 to provide a sound professional education to all company employees. During a six-day basic training course our new employees get to know the innovative Engel & Voelkers marketing system in a three-step programme. Among other things, the course subjects comprise questions of corporate identity and software seminars for the specially developed program "Global Office" as well as practice-oriented sales seminars. The training takes place regularly in the seminar room of the DJZ (German-Japanese Centre) at the Stadthausbroecke in Hamburg. Local seminars in the respective countries can be organized with a minimum of 6 participants.
Support
1st Class Real Estate Ongoing Support Newsletter Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform
Engel & Voelkers
Marketing
1st Class Real Estate Co-op Advertising Ad Templates Social media SEO Website development Email marketing Loyalty program/app
Engel & Voelkers
Operations
1st Class Real Estate Number of Employees Required to Run: 3
Engel & Voelkers

Expansion Plans

US Expansion
1st Class Real Estate
Engel & Voelkers
Canada Expansion
1st Class Real Estate
Engel & Voelkers 0
International Expansion
1st Class Real Estate
Engel & Voelkers