770 Hard Cash Franchise
To buy a franchise with 770 Hard Cash, you'll need to have at least $30000 in liquid capital. 770 Hard Cash charges a franchise fee of $19950.
Total Units: 10
Year Founded: 2014
Franchising Since: 2018
Home Office: Atlanta, GA
Locations Available: See Below*
Liquid Capital Required: $30,000
Net Worth Required: N/A
Total Investment: $24,200 – $39,450
Franchise Fee: $19,950
Royalty Type: -
Vetern Discount: -
*770 Hard Cash is currently accepting inquiries from the following states: Alabama, Arizona, Arkansas, Colorado, Connecticut, Delaware, District Of Columbia, Florida, Georgia, Idaho, Iowa, Kansas, Kentucky, Louisiana, Maine, Massachusetts, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, Ohio, Oklahoma, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Vermont, Washington, West Virginia, Wyoming
Values & History
Drawing on years of highly successful mortgage lending experience, Derek Harris founded 770 HARD CASH, LLC in Atlanta, GA with the intent to provide competitive lending programs and marketing strategies with a focus on customer satisfaction. In 2017, Dan Driscoll, an Atlanta-based real estate consultant, joined the team for the purpose of creating a national franchisor for hard money lending based on the success of the 770 HARD CASH business model - a model that relies on the proven concept that customers stick with money lenders who consistently perform beyond their expectations on a timely basis, don't exaggerate loan fund offerings, and are able to close quickly when necessary.
Homes flipped in the first quarter of 2019 sold at an average gross profit of $60k, down from the average profit of $62k in the previous quarter. The $60k average gross flipping profit translates to an average 38.7% return on investment compared to the original acquisition price, down from a 42.5% average gross flipping ROI in the fourth quarter of 2018. Flipped homes originally purchased by the investor with financing represented 37.5% of the total in the first quarter of 2019, while the price of those homes averaged $215k. The average time to flip a home nationwide is 180 days.
Training & Support
Training in the 770 HARD CASH business model is provided to all franchise owners, including ongoing support for long-term success in the form of online webinars, newsletters, and support staff.
Ideal Candidate & Qualifications
Self-starters hungry for success rank among the most prospective candidates for a 770 HARD CASH franchise ownership. Interested parties should have a strong commitment to excellence in customer service and client relations, a drive to succeed, and an overall positive outlook on building and managing a business with real potential for income. No real estate license is necessary and no mortgage or lending experience is required, and owners will be able to operate from anywhere they choose with no territorial restrictions within the continental US to limit growth potential.
Purchasing a 770 Hard Cash Franchise
Owners of a 770 HARD CASH franchise will need $30k in liquid capital to get started. A franchise fee of $19,950 is also required, with a total investment of between $24,200 and $39,450. Third-party financing is available for qualified candidates. No real estate experience, licensing, or certification is necessary.