Question 1

Does NextHome franchise offer exclusive territory?

Accepted Answer

NextHome offers None territory protection to its franchisees. This means other franchisees may be permitted to open locations near yours.

Question 2

What is the NextHome franchise agreement term length?

Accepted Answer

The initial franchise agreement term for NextHome is 5 years. Franchisees may renew up to 1 time for 5-year periods. The total potential term is 10 years.

Question 3

What is the non-compete clause for NextHome franchise?

Accepted Answer

The NextHome franchise non-compete clause extends for 1 year after termination or expiration of the franchise agreement.

Question 4

Can you transfer or sell a NextHome franchise?

Accepted Answer

Yes, NextHome allows franchise transfers, subject to franchisor approval and conditions outlined in the agreement. A transfer fee of $5,000 applies.