What Are Alternative Franchise?
Are you wondering how to start a NextHome franchise in just 7 steps? This comprehensive checklist will guide you through the essential requirements and strategic decisions necessary for successful franchise ownership. Ready to take the leap? Discover valuable insights and tools, including our NextHome Franchise Business Plan Template, to streamline your journey and ensure a solid foundation for your new venture.
| # | Step Short Name | Description |
|---|---|---|
| 1 | Complete the Franchise Application | Submit a comprehensive application to express your interest in becoming a franchisee. This step initiates the evaluation process by the franchisor. |
| 2 | Meet Financial Requirements and Secure Funding | Assess your financial capacity and ensure you meet the franchisor’s financial prerequisites. Explore various funding options, such as personal savings, loans, or investors. |
| 3 | Attend Initial Franchise Orientation | Participate in an orientation session to understand the franchise model, operational procedures, and support provided by the franchisor. This is a critical opportunity to ask questions and gain insights. |
| 4 | Finalize Franchise Agreement | Review and negotiate the franchise agreement, ensuring all terms are clear and acceptable. This legal document outlines your rights and obligations as a franchisee. |
| 5 | Select and Secure a Suitable Location | Identify potential locations for your franchise, considering factors such as foot traffic and demographics. Secure a lease or purchase agreement for the chosen site. |
| 6 | Set Up and Furnish the Office | Prepare your office space by acquiring necessary furniture, equipment, and technology. This setup should align with the franchisor’s specifications and branding. |
| 7 | Complete Training and Launch the Business | Engage in the required training programs provided by the franchisor. Once trained, you are ready to officially launch your franchise and start operations. |
Key Takeaways
- The initial investment for a NextHome franchise ranges from $16,250 to $220,345, with a franchise fee of $4,500.
- Franchisees need a minimum net worth of $500,000 to $1,000,000 and liquid capital between $5,000 and $100,000.
- NextHome franchises have a royalty fee and marketing fee of 6% each, which impacts overall profitability.
- The average annual revenue per unit is approximately $12,267,609, with a median annual revenue of $194,042, indicating strong revenue potential.
- Franchised units have shown consistent growth, increasing from 437 units in 2021 to 577 units in 2023.
- Franchisees typically reach breakeven within 12 months, and investment payback is also estimated at 12 months.
- Ongoing support includes field visits and continuing education, helping franchisees maintain compliance and operational efficiency.
What Are the Basic Requirements for Opening a NextHome Franchise?
Financial Requirements
To open a NextHome franchise, prospective franchisees must meet specific financial criteria. The minimum net worth requirement falls between $500,000 and $1,000,000, ensuring that franchisees have the necessary financial backing and liquid capital to support their operations.
Additionally, the liquid capital needed to start the franchise ranges from $5,000 to $100,000, which is essential for covering initial expenses. The overall initial investment can vary significantly, with a breakdown indicating potential costs from as low as $16,250 to as high as $220,345.
Franchisees must also provide documentation proving their financial stability, which can include bank statements, tax returns, and credit reports to ensure they can sustain their business.
Personal Requirements
In terms of personal qualifications, NextHome franchise operators are generally expected to have prior experience in the real estate industry. This experience is crucial for understanding market dynamics and operational challenges.
Preferred educational backgrounds often include degrees in business, finance, or related fields. Furthermore, the franchise emphasizes the importance of management and leadership experience, as franchisees will need to oversee operations and staff effectively.
Another important criterion is maintaining a personal credit score that meets the franchise’s standards. This score reflects the franchisee's financial responsibility, which is vital for securing funding and managing operational costs.
Tips for Meeting NextHome Requirements
- Assess your personal finances early to determine if you meet the net worth and liquid capital requirements.
- Consider pursuing real estate certifications or courses to strengthen your industry knowledge.
- Work on building a strong credit score by managing debts responsibly.
What Steps Are Involved in the Application Process?
Initial Application Steps
To begin the process of opening a NextHome franchise, aspiring franchisees must first submit a preliminary franchise application. This application provides the franchisor with essential information regarding the applicant's financial background and business experience.
Next, an initial screening process is conducted by NextHome, which includes a thorough review of the submitted application. This phase helps determine if the applicant meets the NextHome franchise requirements.
Following the screening, franchisees will undergo background check procedures to ensure they possess the necessary character and qualifications to operate a franchise successfully.
Finally, a financial verification process is implemented to confirm that applicants meet the franchise financial requirements, including a net worth requirement of $500,000 - $1,000,000 and a cash requirement of $5,000 - $100,000.
Discovery Process
The discovery phase is a crucial component of the NextHome franchise application process. It allows potential franchisees to learn more about the brand and assess their fit within the franchise system. This phase consists of several key elements.
- Attending discovery day events, where prospective franchisees can participate in informational sessions and interact with corporate representatives.
- Meeting with existing franchisees offers firsthand insights into their experiences, challenges, and successes in operating a NextHome franchise.
- Territory analysis and selection is essential, as potential franchisees must evaluate the market for growth potential, competition, and demographics.
- Corporate team interviews provide an opportunity for candidates to ask questions and gain clarity about the franchise's operations, support, and business model.
Throughout this process, candidates can utilize the NextHome startup checklist to stay organized and ensure they meet all necessary steps and requirements.
Tips for a Smooth Application Process
- Prepare all financial documentation ahead of time to streamline the verification process.
- Research the real estate market in your desired territory thoroughly to make informed decisions during territory selection.
- Be ready to discuss your background and experience in detail during corporate team interviews.
How Do You Choose the Right Location for a NextHome Franchise?
Site Selection Criteria and Market Analysis
Choosing the right location for your NextHome franchise is crucial for success. Start with a thorough demographics analysis of potential locations. You want to ensure that the area has a population that aligns with your target market. Look for neighborhoods with a growing population, as these areas often translate to increased sales potential.
Next, conduct a competition assessment. Understanding what other real estate businesses are operating in the area will help you gauge your market position. Analyze their services, pricing, and customer base to identify opportunities for differentiation.
Consider traffic patterns and accessibility. A location that is easily reachable and frequented by your target market can significantly boost your visibility. Additionally, evaluate parking and visibility requirements. Ensure there is ample parking for clients and that your office is in a spot that's easy to find.
Target market identification is crucial. Define who your ideal clients are and map out local competition to evaluate how well they serve this demographic. Assess the growth potential of the area by researching economic trends and development plans that may affect your business in the long run. Lastly, take note of population density requirements; denser populations usually indicate more potential clients.
Real Estate Considerations
When it comes to securing a location, you must choose between lease vs purchase analysis. Leasing can offer lower upfront costs and flexibility, while purchasing may lead to long-term investment benefits. Analyze your financial situation to decide what’s best for you.
Also, consider your office space requirements and specifications. The space should not only accommodate your current needs but also allow for future growth. Compliance with zoning regulations is essential; ensure that the area is zoned for a real estate office to avoid legal issues later on.
Finally, evaluate the renovation potential of any locations you’re considering. An office that needs significant renovation might become a bigger project than anticipated, affecting your timeline and initial investment.
Tips for Location Selection
- Research local economic conditions to forecast future growth.
- Visit potential sites at different times to understand traffic flow and client accessibility.
- Network with local business owners to get insights on the community.
For further insights into the financial aspects of running a franchise, check out How Much Does a NextHome Franchise Owner Make?.
What Are The Setup Requirements For A NextHome Franchise?
Office Development Process
Establishing a NextHome franchise involves several key aspects related to office development. First, you will need to focus on office design and layout specifications. An efficient layout encourages productivity and client interaction, making it crucial to create a welcoming space.
Next, technology and software system setup is vital for modern real estate operations. This includes customer relationship management (CRM) systems, listing platforms, and communication tools that help streamline processes.
In terms of equipment and furnishing requirements, you will need essential office equipment such as computers, printers, and telecommunication devices, along with comfortable furnishings for both staff and clients.
Lastly, effective branding and signage installation will enhance your visibility and make your office recognizable in the community. Proper signage is an investment that pays off through increased walk-ins and brand recognition.
Pre-Opening Preparations
Pre-opening preparations are crucial for a successful franchise launch. Start with staff hiring and training. It's essential to recruit skilled professionals who align with your brand's values and provide comprehensive training on systems and procedures.
Next, you will need to develop an initial marketing campaign. Consider both online and offline strategies that can boost visibility and attract potential clients right from the start.
Building a network is also important. Focus on local networking and lead generation by attending community events, joining local business associations, and utilizing social media platforms.
Lastly, ensure that you meet all licensing and legal compliance requirements. Familiarize yourself with local regulations to avoid potential setbacks during your startup phase.
Tips for a Successful Setup
- Invest in a professional interior designer for optimal office layout.
- Utilize digital marketing tools to reach a broader audience quickly.
- Network with other local businesses to generate referrals.
For those curious about potential earnings, you can check out How Much Does a NextHome Franchise Owner Make? to gain further insights into financial expectations.
What Training and Support Is Provided?
Initial Training Programs
The NextHome franchise provides a comprehensive training program to ensure franchisees are well-prepared to operate their business effectively. This includes:
- Corporate training requirements that cover essential operational knowledge.
- A management training curriculum designed to enhance leadership skills.
- Real estate compliance and operational standards to ensure adherence to laws and regulations.
- Franchisee business strategies aimed at maximizing profitability and efficiency.
Ongoing Support Systems
Franchisees are not left on their own after opening. The NextHome franchise offers a variety of ongoing support systems, which include:
- Field support visits to provide hands-on assistance and guidance.
- Continuing education programs to keep franchisees updated on industry trends and best practices.
- Marketing assistance to help develop effective campaigns and outreach.
- Technology and CRM support services to streamline operations and enhance customer relationship management.
Tips for Maximizing Support
- Engage actively during corporate training to build a strong foundation for your franchise.
- Utilize field support visits to address specific challenges in real-time.
- Take advantage of continuing education programs to stay competitive in the market.
For those considering this opportunity, understanding the NextHome franchise costs and investment breakdown is crucial, as initial investments range from $16,250 to $220,345, with a franchise fee of $4,500. Franchisees can expect an average annual revenue of $194,042 per unit, with a breakeven time of approximately 12 months.
Explore more insights by checking this resource: What Are the Pros and Cons of Owning a NextHome Franchise?
Step: 1 - Complete the Franchise Application
Starting your journey to open a NextHome franchise begins with the franchise application process. This initial step is crucial as it sets the foundation for your business venture in the real estate industry.
Initial Application Process
The franchise application process involves several key components:
- Submitting a preliminary franchise application to evaluate your eligibility.
- Engaging in an initial screening process with NextHome to ensure alignment with their standards.
- Undergoing background checks to assess your suitability as a franchisee.
- Providing financial verification to demonstrate your capability to meet NextHome franchise financial requirements.
Be prepared to share your financial documents, which may include bank statements, tax returns, and proof of assets. This documentation will help establish your financial stability, a critical factor in the approval process.
NextHome Franchise Application Checklist
To streamline your application, consider these essential items for your checklist:
- Completed franchise application form.
- Personal financial statement.
- Credit report authorization.
- Background check consent.
- Business plan outlining your strategy for the franchise.
The NextHome franchise application process is designed to ensure that potential franchisees are adequately prepared to run a successful unit. Thus, it's important to understand the requirements for opening a NextHome franchise before proceeding.
Financial Requirements Overview
Understanding the financial landscape is critical. The NextHome franchise costs include:
| Cost Type | Amount ($) |
|---|---|
| Franchise Fee | $4,500 |
| Initial Investment Range | $16,250 - $220,345 |
| Required Cash | $5,000 - $100,000 |
| Net Worth Requirement | $500,000 - $1,000,000 |
| Royalty Fee | 6% |
| Marketing Fee | 6% |
These figures illustrate the investment breakdown and the financial commitment necessary to start a franchise with NextHome. Properly assessing your finances will set you up for success.
Tips for Completing Your Application
- Gather all necessary financial documents in advance to avoid delays.
- Be transparent about your financial situation; it builds trust.
- Consult with a financial advisor to ensure you meet the franchise financial requirements.
Completing your franchise application is the first major step in your journey to open a NextHome franchise. Ensure that you have all the necessary documentation ready, and approach this process with clarity and confidence.
Step: 2 - Meet Financial Requirements and Secure Funding
To open a NextHome franchise, understanding the financial requirements is crucial. These requirements not only help you gauge your readiness but also play a significant role in securing funding from potential investors or lenders.
Financial Requirements Breakdown
The financial requirements for a NextHome franchise consist of several components:
- Initial Investment: Ranges from $16,250 to $220,345, depending on various factors like location and office set-up.
- Franchise Fee: An initial fee of $4,500 is required to secure your franchise rights.
- Royalty Fees: Ongoing royalty fees are set at 6% of your gross sales, ensuring you benefit from the brand's continued support.
- Marketing Fee: An additional 6% marketing fee helps to promote the NextHome brand.
- Net Worth Requirement: You must demonstrate a net worth between $500,000 to $1,000,000.
- Cash Requirement: You need to have between $5,000 and $100,000 in liquid capital to cover initial expenses.
When planning your finances, it's essential to consider not just the upfront costs but also the ongoing operational expenses. For instance, the average annual revenue per unit is approximately $194,042, with a breakeven time of around 12 months.
Funding Options
Securing funding can be approached through several avenues:
- Personal Savings: Utilizing your savings can be a straightforward way to fund your franchise.
- Bank Loans: Traditional loans can provide the necessary capital; however, a strong credit score is essential for approval.
- Franchise Financing Programs: Many financial institutions offer specialized programs for franchisees.
- Investors: Partnering with an investor can bring additional funds and expertise to your venture.
It's crucial to prepare a solid business plan that outlines your financial projections and return on investment (ROI). This will not only assist in securing funding but also guide your operational strategies.
Tips for Meeting Financial Requirements
Effective Strategies
- Ensure your personal credit score meets the minimum requirements, ideally above 700, to enhance your funding options.
- Conduct a thorough analysis of your initial startup costs to avoid underestimating your financial needs.
- Consider reaching out to existing franchisees for insights on their investment experiences.
For further understanding of potential earnings, you can explore How Much Does a NextHome Franchise Owner Make?. This resource provides valuable insights that can aid in your financial planning.
Financial Performance Overview
| Financial Metric | Amount ($) | Percentage of Revenue (%) |
|---|---|---|
| Average Annual Revenue | 12,267,609 | 100% |
| Operating Expenses | 12,015,117 | 97.94% |
| EBITDA | 252,492 | 2.06% |
Understanding these financial metrics will help you better navigate the NextHome franchise application process and assess your potential for success in this lucrative real estate franchise opportunity.
Step: 3 - Attend Initial Franchise Orientation
Attending the Initial Franchise Orientation is a crucial step in the NextHome franchise application process. This orientation serves as an introduction to the brand, its operations, and the support you will receive as a franchisee. It provides an opportunity to immerse yourself in the culture and values of the franchise, which is essential for your future success.
During the orientation, you will partake in a series of informative sessions, workshops, and networking opportunities with both corporate representatives and existing franchisees. Here’s what to expect:
- Overview of the NextHome franchise requirements and expectations.
- Detailed insights into the franchise's operational procedures and best practices.
- Introduction to the tools and resources available for franchisees, including marketing strategies and technology support.
- Networking opportunities with fellow franchisees to share experiences and tips.
The orientation is typically structured over a few days and includes both classroom-style learning and hands-on activities. It’s designed to equip you with the knowledge and skills necessary to effectively manage your franchise and meet the expectations set forth by the corporate team.
| Orientation Component | Description | Duration |
|---|---|---|
| Franchise Overview | Understanding the NextHome brand and its market positioning. | 1 Day |
| Operational Training | Learning about day-to-day management and systems in place. | 1 Day |
| Marketing Training | Exploring effective marketing strategies and tools. | 1 Day |
This orientation is also a time to clarify any questions you might have regarding the NextHome franchise costs and the ongoing support you will receive. For instance, new franchisees are required to pay an initial franchise fee of $4,500, alongside a royalty fee of 6% and a marketing fee of 6%.
Tips for Maximizing Your Orientation Experience
- Prepare a list of questions regarding operational challenges and support systems.
- Network actively with other franchisees to gain insights into their experiences.
- Take detailed notes during sessions to reference later as you start your business.
Overall, the Initial Franchise Orientation is not just a formality; it’s a foundational step to ensure you are fully equipped to open your NextHome franchise. By actively engaging in this process, you will set yourself up for a smoother transition into franchise ownership.
For a detailed look at the investment involved, check out How Much Does a NextHome Franchise Cost?.
Step: 4 - Finalize Franchise Agreement
Finalizing the franchise agreement is a crucial step when you decide to open a NextHome franchise. This legally binding document outlines the terms of your partnership with the franchisor and sets the stage for your business operations. Understanding the key elements of the agreement is essential to ensure you are making a well-informed decision.
Key Components of the Franchise Agreement
- Franchise Fee: The initial fee is set at $4,500, which grants you the rights to operate under the NextHome brand.
- Royalty Fees: A royalty fee of 6% of your gross revenue is required, along with a 6% marketing fee.
- Operating Guidelines: The agreement will detail the operational standards you must adhere to, ensuring consistency across all franchise locations.
- Territory Rights: Understand your territorial rights to ensure you have exclusive access to a specified area for your franchise operations.
- Duration: The agreement will specify the duration of your franchise, typically lasting several years, with options for renewal.
Before signing, it’s advisable to review the franchise agreement thoroughly. Consulting with a franchise attorney can help you understand your obligations and rights under the agreement.
Tips for Finalizing Your Franchise Agreement
Important Considerations
- Negotiate terms where possible. Discuss any clauses that may seem restrictive or unclear.
- Request clarification on any financial commitments, ensuring you understand all NextHome franchise costs.
- Evaluate the support and training programs included in the agreement to ensure adequate preparation for running your franchise.
Once the agreement is finalized, you will be required to provide proof of financial stability, such as bank statements or a net worth statement, to fulfill the NextHome franchise requirements and proceed with the setup process.
Investment Breakdown
| Expense Type | Amount ($) |
|---|---|
| Low Initial Investment | $16,250 |
| High Initial Investment | $220,345 |
| Cash Required | $5,000 - $100,000 |
| Net Worth Required | $500,000 - $1,000,000 |
According to the latest data, the average annual revenue per unit is approximately $194,042, with a breakeven time of just 12 months. Following these guidelines and understanding the agreement will significantly enhance your chances of success in the real estate franchise opportunities offered by NextHome.
For more insights into revenue potential, you can check out How Much Does a NextHome Franchise Owner Make?.
Step: 5 - Select and Secure a Suitable Location
Choosing the right location for your NextHome franchise is critical to your success. A well-situated office can significantly impact your visibility, client acquisition, and overall profitability. Here are key factors to consider in the franchise location selection process:
Site Selection Criteria and Market Analysis
Start by conducting a thorough analysis of potential sites. Use the following criteria:
- Demographics Analysis: Understand the demographics of the area you are considering. Look for neighborhoods with a population that aligns with your target market.
- Competition Assessment: Identify existing real estate businesses in the vicinity. Consider areas with limited competition for a better chance of attracting clients.
- Traffic Patterns and Accessibility: Ensure the location has high visibility and easy access for clients. Locations near major roads or public transport can be advantageous.
- Parking and Visibility Requirements: Ample parking space is essential for client convenience, while a visible storefront can enhance your brand recognition.
- Local Competition Mapping: Map out local competitors to understand your positioning within the market.
- Growth Potential Evaluation: Consider areas with planned developments or increasing population growth, indicating future demand for real estate services.
- Population Density Requirements: Look for areas with a sufficient population density to support your business model.
Real Estate Considerations
After narrowing down potential locations, evaluate the real estate considerations:
- Lease vs Purchase Analysis: Determine whether leasing or purchasing office space is more financially viable for your NextHome franchise.
- Office Space Requirements: Identify the required square footage based on your business plan and anticipated client traffic.
- Zoning Regulations Compliance: Ensure the location complies with local zoning laws to operate a real estate business.
- Renovation Potential Assessment: Assess the need for renovations or modifications to meet your operational needs and brand standards.
When evaluating these factors, it’s beneficial to create a detailed checklist to track your findings. This will help you stay organized and focused during the selection process.
Tips for Selecting a Location
- Visit potential sites during different times of the day to gauge traffic and activity levels.
- Engage with local community events to build rapport and gain insights into the area.
- Consider the long-term growth projections of the chosen location.
Ultimately, selecting and securing a suitable location is one of the most crucial steps in the NextHome franchise setup guide. The right location can pave the way for a successful launch and ongoing operations.
For a detailed breakdown of NextHome franchise costs and financial requirements, check out How Much Does a NextHome Franchise Cost?.
Step: 6 - Set Up and Furnish the Office
Setting up and furnishing your NextHome franchise office is a critical step in the journey to open a NextHome franchise. This phase not only involves creating a welcoming and functional workspace but also ensuring that the setup meets the specific requirements of the franchise and aligns with your business goals.
Office Development Process
When it comes to the office development process, consider the following key aspects:
- Office Design and Layout Specifications: The design should reflect the brand identity and create an inviting atmosphere for clients. Open spaces for collaboration and private areas for meetings are essential.
- Technology and Software System Setup: Equip your office with the latest technology tools, including customer relationship management (CRM) software, communication tools, and property management systems to enhance productivity.
- Equipment and Furnishing Requirements: Invest in essential office equipment such as computers, printers, and office furniture that supports a professional working environment.
- Branding and Signage Installation: Proper signage both inside and outside the office is vital for visibility and brand recognition. Ensure that your signage adheres to NextHome's branding guidelines.
Pre-Opening Preparations
Before you officially launch your franchise, there are several pre-opening preparations you need to complete:
- Staff Hiring and Training: Recruit qualified staff and provide them with comprehensive training that aligns with NextHome's standards and operational procedures.
- Initial Marketing Campaign Development: Create a marketing strategy to promote your new office. This could include local advertising, social media engagement, and community events to attract potential clients.
- Local Networking and Lead Generation: Build relationships within the local community to generate leads. Attend networking events and engage with local businesses to increase your visibility.
- Licensing and Legal Compliance: Ensure that all necessary licenses and permits are obtained and that your office complies with local regulations.
Investment Breakdown
The financial commitment for setting up a NextHome franchise can vary. Here’s a brief investment breakdown:
| Expense Type | Estimated Amount ($) |
|---|---|
| Franchise Fee | $4,500 |
| Office Setup and Furnishing | $10,000 - $100,000 |
| Technology and Software | $5,000 - $20,000 |
| Initial Marketing Expenses | $3,000 - $10,000 |
Remember, your total initial investment can range from $16,250 to $220,345, depending on your specific choices and location.
Tips for Efficient Office Setup
- Plan your office layout to maximize workflow and client interaction.
- Choose technology that integrates seamlessly with NextHome’s systems.
- Consider eco-friendly options for office supplies and furnishings to promote sustainability.
Starting a NextHome franchise requires careful planning and execution. By following the NextHome franchise setup guide, you can create a functional and inviting office that meets the needs of your clients and the operational standards of the franchise. For more insights, check out What Are the Pros and Cons of Owning a NextHome Franchise?.
Step: 7 - Complete Training and Launch the Business
Completing the training and launching your NextHome franchise is a critical step toward establishing a successful real estate business. This phase involves comprehensive training programs designed to equip you with the necessary skills and knowledge to operate effectively within the franchise system.
NextHome Training and Support Programs
The training for new franchisees includes various components aimed at ensuring you are well-prepared for your journey. Here are key elements of the training:
- Corporate training requirements focused on operational excellence.
- Management training curriculum that covers essential leadership strategies.
- Real estate compliance and operational standards necessary for regulatory adherence.
- Franchisee business strategies to optimize profitability.
Additionally, the ongoing support provided by NextHome assists you in navigating the challenges of running your franchise. The franchise offers:
- Field support visits to help with operational questions and issues.
- Continuing education programs for skill enhancement.
- Marketing assistance to drive local awareness and client engagement.
- Technology and CRM support services to streamline operations and customer relations.
Tips for a Successful Launch
- Engage actively in all training sessions to maximize your understanding of the franchise systems.
- Network with other franchisees during training to build a support system.
- Develop a local marketing strategy before launching to attract clients immediately.
When you complete your training, you will be ready to officially launch your NextHome franchise. The average annual revenue for a unit can be quite promising, with figures showing a median revenue of $194,042. Additionally, the breakeven time is typically around 12 months, allowing you to recover your investment efficiently.
| Financial Metric | Amount ($) | Percentage of Revenue (%) |
|---|---|---|
| Average Annual Revenue | 12,267,609 | 100% |
| Royalty Fee | 6% of revenue | N/A |
| Marketing Fee | 6% of revenue | N/A |
| Average Investment Payback | 12 months | N/A |
As you prepare for your launch, remember that the initial investment for a NextHome franchise ranges from $16,250 to $220,345. Ensuring that you meet the NextHome franchise requirements in terms of financial and personal standards will set a solid foundation for your business.
For further insights into different franchise options, you can explore What Are Some Alternatives to NextHome Franchise?.