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

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.

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.

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.”

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.

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

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

• 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

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.