Risk Score
Pending analysis
Investment Range
$31,300 - $129,650
Franchise Fee
$9,900
Total US Locations
29
Business Summary
SnapHouss operates a comprehensive residential and commercial real estate marketing business. The company provides services such as photography, floor plans, staging, and other imagery specifically for real estate agents, builders, and property managers to assist them with their marketing efforts.
Corporate History
SnapHouss Franchising USA LLC was formed in Nevada on May 25, 2021, and began offering franchises in the United States on August 20, 2021. The brand is associated with an affiliate, Snaphouss Inc., an Ontario corporation formed on May 6, 2021, which owns the SnapHouss trademarks. Another affiliate, Snaphouss Franchising Inc., was formed in Ontario in October 2020 and has offered franchises in Canada. An affiliate has operated a business similar to the SnapHouss franchise in Canada since January 2020.
Financial Overview
Investment Range
$31,300 - $129,650
Franchise Fee (Low)
$9,900
Franchise Fee (High)
$99,000
Royalty %
7%
Marketing %
4%
Equipment Costs (Low)
$8,500
Equipment Costs (High)
$10,500
Working Capital
$7,650
Audited Financials
Yes
Offers Financing
No
Audit Opinion
Going concern qualification
Financial Health Notes
SnapHouss's financial condition, as reflected in its financial statements, raises concerns about its ability to provide services and support to franchisees. The company has reported net losses for 2022, 2023, and 2024, and has an accumulated deficit in member's equity, which suggests potential financial challenges.
Financing Details
SnapHouss does not offer any direct or indirect financing to its franchisees. It also does not guarantee any notes, leases, or other financial obligations on behalf of its franchisees.
Performance Metrics
Total US Locations
29
Franchised Units
29
Corporate Units
0
Franchising Since
2021
Legal & Compliance Analysis
Recent Litigation
No
Bankruptcy
No
Litigation Summary
SnapHouss has no litigation to report, as stated in its Franchise Disclosure Document.
Bankruptcy History
SnapHouss has no bankruptcy history to report for the franchisor or its key personnel, according to its Franchise Disclosure Document.
Agreement Terms
Initial Term
5 years
Renewal Term
5 years
Renewal Conditions
To renew their franchise agreement, SnapHouss franchisees must be in full compliance with their agreement and all other related agreements, including all financial obligations. They should not have committed three or more defaults during the current term. Franchisees are also required to complete any additional training, upgrade their equipment and other business assets to meet current specifications, and sign a general release of claims against SnapHouss. They must also pay a successor agreement fee.
Training & Support Program
Franchisor Assistance
SnapHouss assists franchisees before opening by designating territory boundaries, providing an operations manual, and supplying an initial equipment package including cameras, drones, and accessories. The company also offers initial marketing materials and virtual training. After opening, SnapHouss may offer mandatory or optional additional training, including annual business meetings. Upon request, it provides remedial in-territory training for a fee and individualized assistance via phone, video, or email. SnapHouss also maintains its website and provides specifications for required equipment and approved suppliers. The company may recommend pricing and approves all franchisee advertising materials. It also approves commercial office locations if a franchisee chooses to relocate.
Initial Training Hours
18
Training Location
Online/virtual
Ongoing Support
After opening, SnapHouss offers optional and mandatory additional training programs, which may include attending an annual business meeting or convention for up to five days per year at a designated location. Fees may apply for these programs, and franchisees are responsible for their travel and other expenses. Upon request, or as deemed appropriate by SnapHouss, remedial in-territory training and assistance can be provided, with the franchisee covering the trainer's per diem fee and travel expenses. Individualized assistance by telephone, video conference, or email is also available within reasonable limits. SnapHouss periodically provides samples or digital artwork of advertising materials and maintains the company website. It also updates lists of approved equipment and suppliers and may recommend pricing for services. All franchisee advertising materials and commercial office relocations require prior written approval from SnapHouss.
Franchise Requirements
Ideal Candidate Profile
SnapHouss is seeking individuals who are prepared to personally supervise and manage the day-to-day operation of their franchise. Ideal candidates must be willing and able to obtain and maintain the Remotely Piloted Aircraft Systems (RPAS) Advanced Certification course and comply with all Federal Aviation Administration rules and regulations related to drone operation. Franchisees should also thoroughly investigate local, state, and federal laws and requirements applicable to the business before purchasing a franchise, indicating a need for diligence and a proactive approach.
Industry Experience Required
No
Management Experience Required
Yes
Sales Experience Required
No
Technical Skills Required
Yes
Operational Details
Location Type
Home-Based
Owner Participation
Hands-On
Territory Type
Limited
Territory Size Requirements
SnapHouss territories are defined by a group of contiguous zip codes within a listed town, city, or county. Each territory will have a minimum of 50,000 dwellings, which is determined using a third-party mapping service.
Staffing Notes
SnapHouss requires franchisees to ensure all agents, employees, and third-party business affiliates adhere to the company's quality and service standards, confidentiality rules, and non-compete agreements. Employees must also satisfy specific training requirements. Franchisees are responsible for promptly notifying SnapHouss when any employee or affiliate who had access to proprietary information leaves their employment, so access rights can be terminated and materials returned.