LakePlace.com FDD Summary
Type of Business
RealtyScape Franchising LLC (d/b/a LakePlace.com or LakePlace.com Realty) offers individual unit franchises for the operation of a LakePlace.com® real estate brokerage business, whose listings will be featured on the LakePlace.com® web site. LakePlace.com® real estate brokerage businesses are full-service real estate brokerages that specialize in brokering the purchase and sale of lake or other water-related properties through the LakePlace.com® web site.
Corporate Information
RealtyScape Franchising LLC is a Minnesota limited liability company formed on June 25, 2015. Their principal place of business is at 1120 East 80th Street, Suite 103, Bloomington, Minnesota 55420. They began offering franchises for LakePlace.com® Businesses in September 2015.
Investment
The total investment necessary to convert an existing real estate brokerage business to a LakePlace.com® Business is from $16,000 to $33,000. The total investment necessary to begin operation of a new LakePlace.com® Business is from $50,800 to $114,500. This includes $10,000 that must be paid to the franchisor.