Franchise Deep Dive: KeyGlee Franchise Costs, Fees, Profit and Data

Company overview

KeyGlee is a fast-growing real estate franchise based in Arizona that’s focused on revolutionizing wholesale real estate “by creating a God-fearing industry that pursues business relationships built on integrity.” The brand was ranked No. 348 on Entrepreneur’s 2024 Franchise 500.

KeyGlee was founded in 2016 by real estate investor Hunter Runyon and entrepreneur Josiah Grimes, along with A&E “Triple Digit Flip” stars Jamil Damji and Rahima Blaza. The brand began offering franchise opportunities in 2020.

KeyGlee has positioned itself as one of the largest real estate investment property wholesalers in the U.S., with 100+ locations across 45 metro markets and a network of over 140,000 investors.

The KeyGlee franchise model focuses on wholesale real estate investing, where franchisees identify distressed properties, secure them under contract, and then sell them to buyers. KeyGlee cites five advantages that give its franchisees an edge on the competition. These are:

• B2B Focus. By focusing on business-to-business (B2B) transactions, KeyGlee allows multiple sales to the same buyer.

• Acquisitions and Dispositions Network. Franchisees have access to KeyGlee’s world class network of buyers and sellers who are already under contract.

• Ethics and Honesty. KeyGlee is a faith-based organization with a stellar reputation.

• Training and Support. KeyGlee provides best-in-class training to its franchisees from start to finish, with virtual and in-person training to get them up and running.

• Protected Market. KeyGlee limits the number of franchises that can operate in a particular area to prevent oversaturation and lower competition.

KeyGlee does not provide information about the income or earnings of individual franchised locations. However, the brand does invite prospective franchisees to connect with its team for more information.

Franchise costs and fees

The estimated initial investment required to open a KeyGlee franchise ranges from $124,800 to $274,050. This breaks down as follows:

• Initial Franchise Fee: $100,000

• Training Expenses: $750 - $5,000

• Lease/Rent (3 Months): $0 - $6,000

• Utilities: $0 - $1,500

• Insurance: $250 - $1,000

• Professional Fees: $1,000 - $5,000

• Transportation: $600 - $2,000

• Office Furniture: $0 - $6,500

• Computer Equipment & Software: $500 - $6,500

• Telephone: $100 - $300

• Internet Service: $100 - $250

• Hiring Services: $0 - $7,500

• Additional Funds (3 Months): $20,000 - $120,000

The franchise fee required to open a KeyGlee location is $100,000, which must be paid to the franchisor.

• Hunter Runyon — Co-Founder, Chief Executive Officer

• Rahima Blaza — Co-Founder, Project Manager

• Jamil Damji — Co-Founder, Chief Business Development Officer

Disclaimer: This content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained on this site constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any franchises, securities, or other financial instruments in this or in any other jurisdiction in which such solicitation or offer would be unlawful under the franchise and/or securities laws of such jurisdiction.

All content in this article is information of a general nature and does not address the detailed circumstances of any particular individual or entity. Nothing in the article constitutes professional and/or financial advice, nor does any information in the email constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other content in this article before making any decisions based on such information or other content.