Lakeplace.com provides real estate services focused on lakefront properties and recreational homes. The franchise offers a specialized approach to real estate sales, marketing, and property management, catering to buyers and sellers interested in lakefront and vacation homes.
Key Insights
- Lakeplace.com began as a family passion project to connect people with waterfront properties, growing organically through dedication to service and expertise in recreational real estate. The business now offers a comprehensive platform for buying, selling, and experiencing lake life across numerous regions.
- The franchise model leverages a proven system for identifying, marketing, and managing lakefront properties. Operators benefit from established brand recognition, proprietary technology, and a network of support designed to facilitate client success in a specialized niche.
- Operating within the thriving outdoor recreation and vacation property sector, Lakeplace.com addresses a consistent demand for lake lifestyle experiences. This industry segment attracts individuals seeking unique residential and investment opportunities, supported by a growing trend towards accessible, nature-focused living.
Franchise Fee and Costs to Open
Exploring the financial picture of Lakeplace.com gives insight into both the upfront commitment and the potential revenue opportunity. According to FDD Item 7, opening this franchise typically involves an investment in the range of $16,000 - $114,500, along with a franchise fee of $10,000 - $10,000.
Financial Performance and Revenue
Yearly gross sales of $11,645,872 and estimated earnings of $1,979,799 - $2,562,092 show the potential financial performance of this franchise. These figures are crucial for prospective franchisees as they help to project revenue and profitability. They offer insight into the business's ability to generate income and can be used to compare its performance against other investment opportunities. The Franchise Payback Period of 1.5-3.5 provides an estimation of the time it might take for an owner to recover their initial investment. This metric is a key consideration for anyone evaluating the financial viability of a franchise, as it relates directly to the speed at which the business can become profitable. A shorter payback period can indicate a faster return on capital, which is a significant factor in making an informed decision about a franchise investment.
Training and Resources
Lakeplace.com provides comprehensive training for new franchisees. This initial program offers a deep dive into operational systems and best practices, lasting approximately two weeks and conducted at Lakeplace.com's central location. The franchisor also offers a robust library of resources to support ongoing business development.
Legal Considerations
Legal considerations for a Lakeplace.com franchisee are defined by the Franchise Disclosure Document (FDD) and the Franchise Agreement. This franchise does not disclose lawsuits or bankruptcy information in its FDD, but prospective franchisees should still review all terms thoroughly. Consultation with a qualified attorney is essential before making commitments.
Challenges and Risks
Franchisees may navigate unique local market dynamics, requiring adaptation to competitor strategies and consumer preferences. The operational intricacies of managing a property listing platform, from onboarding listings to ensuring user experience, present an area for careful management. Furthermore, reliance on technology vendors and payment processors forms a crucial link in service delivery that warrants attention.
Franchise Datasheet
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