Hommati Franchise Cost & Overview
If you’re interested in joining a drone franchise, then you’re onto something — and a Hommati franchise might be right for you. The drone industry is extensive and growing, making now the perfect time to get your foot in the door. And because it’s such a recognizable and popular industry, joining a franchise has its perks.
A drone franchise is an excellent option if you want to reduce those traditional startup costs with a new business and dive right into an established company. But before you sign up for a Hommati franchise, you need to know whether or not it’s the right business for you and your interests. If you like flying drones and want to provide that service, then you’ll need to find a company that does just that. But if you’re more interested in the behind-the-scenes work, there are drone franchises for that as well.
In this article, we’ll take a deeper look at the company Hommati so you can decide if it’s the best drone franchise for you.
Hommati Franchise Overview
If you join a Hommati franchise, you’ll be the one doing the flying. Hommati provides professional drone photography and video services specifically for real estate agents. The use of drones in real estate has grown significantly, as this type of footage offers a more detailed view of a home or property. Photos provide general imagery, 3D virtual tours help homebuyers view the details, and drone footage gives them a better vision of what the house and property look and feel like.
Hommati provides several goods for real estate agents, including the following:
So although a large part of the business will be flying drones to create imagery, you may also help with other non-drone services, like installing lockboxes or placing signs. A Hommati franchise aims to support on-the-ground real estate agents with selling a house, business, or property. To stay competitive, they need innovative technology like drones.
Your Role with a Hommati Franchise
If you decide to buy into a Hommati franchise, what exactly will you be doing, and what role will you play in the company? Working under the umbrella of Hommati, you’d provide the services listed above within your specific area. Every big city, small town, or rural county requires real estate services. You can establish your franchise in one of those populations or throughout several towns, cities, or counties (up to 200,000 people).
According to Hommati, in 2019, the commercial drone market reached over $2.5 billion, and experts project it’ll grow to over $16 billion by 2025. That’s a lot of business growth potential. And real estate agents understand the importance of using drone footage, as it sells houses faster. With your Hommati franchise, you’d run your business and provide these services all under Hommati’s name.
How Much Money Can You Make with Hommati?
Because you’re working under a drone franchise, you will stick to the brand’s consistency. This often includes pricing recommendations for the services you’ll provide, although you can determine your set prices to reflect your location. To give you an example, here is a service package that the company offers:
You can also offer premium packages in your district and adhere to Hommati’s suggested pricing or set your own. Typically, the company sells this package for $299, which requires about two hours of on-site work and 1.25 hours in post-production. Hommati does suggest discounts for its featured agents, pricing the same package for them at $249. So if you charged these prices, you’d earn just under $100 per hour with one standard premium package.
Hommati Franchise Cost
Within this franchise, you are responsible for running your business under the Hommati name, but you’ll receive support from the company’s headquarters. This support isn’t free, however. Instead, you pay for the name recognition, customer base, trusted reputation, and company support by paying a franchise fee, startup costs, and monthly royalties.
All drone franchises require these fees, which makes the Hommati franchise cost fairly standard. The company is very supportive from the start, helping you reduce those typical early expenses by providing you with your equipment and a drone flying license from the FAA. Details of a Hommati franchise cost include:
Considering the list above, you can plan your first year to cost about $60,000 (franchise fee + startup costs + monthly costs). However, once you’ve completed your first year, you’ll only pay monthly expenses (such as monthly royalties), as low as $10,000 per year (depending on your earnings). When you pay into a drone franchise, you’re compensating for the company’s support, plus its reputation and established customer base. For many, the benefits far outweigh the costs, and the price is typically lower than starting a business from scratch.
Is a Hommati Franchise Right for You?
Before committing to a drone franchise, you want to make sure it’s the right fit. If you’re going to support the real estate industry and provide services that require you to fly drones, Hommati is an excellent option. Remember to consider your financial situation before taking the plunge. The startup and first-year costs aren’t cheap, but the potential earning capacity is much higher.
We know that this decision isn’t an easy one. If you have more questions about drone franchises in general or the Hommati franchise cost, contact us! We love helping people get into the drone industry. You can also check out our FAQs and blogs.