Done In ONE Realty, a division of Cornel Realty LLC, is transforming the real estate landscape in Las Vegas. Our mission is to save our clients money while providing top-tier service, enabling greater financial freedom within the community. By charging only 1% for both buyers and sellers, we offer a cost-effective alternative to traditional real estate models.
Our innovative approach extends beyond just our pricing structure. We prioritize the well-being of our team by employing salaried agents with benefits and retirement plans. This ensures stability for and from dedication from our agents, allowing them to focus entirely on providing exceptional service to our clients.
At Done In ONE Realty, we believe in making real estate transactions straightforward, affordable, and beneficial for everyone involved. Whether you're buying or selling, our dedicated team is here to guide you every step of the way. Experience a new era of real estate with Done In ONE Realty
Business Plan for Done In ONE Realty, a Division of Cornel Realty
Executive Summary
Company Name: Done In ONE Realty, a division of Cornel Realty- Location: Las Vegas, NV, Clark County
- Business Model: Real Estate Brokerage
Done In ONE Realty is prepared to make a significant impact on the Las Vegas real estate market by offering a competitive 1% transaction fee for buyers and sellers. Through partnerships such as a joint venture with Landmark Title and collaboration with Aquino Capital Group for mortgage services, the company aims to capture market share and create diversified revenue streams.
Business Objectives
Attain a 10% market share within two years.- Generate $14 million+ in revenue during the first year.
- Maintain a customer satisfaction rate of 95% or higher.
- Expand to 8 agents, each averaging 15 transactions per month within the first year.
Market Analysis
The Las Vegas real estate market averages 2,500 transactions per month, with an average sale price of $475,000. Done In ONE Realty’s competitive 1% fee structure provides a distinct advantage over traditional brokerages charging 2.5% to 3%, positioning it as the preferred choice for cost-conscious buyers and sellers.
Revenue Sources
Real Estate Transactions- Monthly Revenue (1% transaction fee on targeted 10% market share):
- Transactions per month: 2,500 x 10% = 250
- Average sale price: $475,000
- Fee per transaction (1%): $475,000 x 1% = $4,750
- Monthly Revenue: 250 x $4,750 = $1,187,500
- Annual Revenue: $1,187,500 x 12 = $14,250,000
- Joint Venture with Title
- Revenue from Title Services:
- Average title cost per transaction: $3,000
- Done In ONE Realty’s Share (49%): $1,470
- Monthly Revenue: 250 transactions x $1,470 = $367,500
- Annual Revenue: $367,500 x 12 = $4,410,000
- Mortgage Services via Aquino Capital Group
- Monthly Revenue from Mortgage Processing:
- Average Loan Amount: $427,500
- Done In ONE Realty’s Earned Fee (0.83% per loan): $3,547.25
- Monthly Revenue: 20 loans x $3,547.25 = $70,945
- Annual Revenue: $70,945 x 12 = $851,340
- Client Retainer Fees
- Monthly Revenue from Retainers:
- Client Retainer Fee: $700
- Monthly Revenue: 250 x $700 = $175,000
- Annual Revenue: $175,000 x 12 = $2,100,000
- Personalized Seller Listing Enhancements
- Revenue from Seller Upgrades:
- Average Revenue per Upgrade: $632.82
- Monthly Revenue: 50 transactions x $632.82 = $31,641
- Annual Revenue: $31,641 x 12 = $379,692
Staffing
Monthly Staffing Costs:
Sales Manager/Agents (3 agents at $60,000 each): $15,000- Support Staff:
- Bonnie Fundator (Office Manager/Compliance Director): $4,167
- Cody Schaefer (Director of Video & Photography): $4,500
- Total Monthly Staffing Cost: $23,667
Financial Plan
Initial Working Capital
Done In ONE Realty will begin operations with $750,000 in initial working capital to cover six months of payroll, marketing, and essential startup costs.
Breakdown of Initial Working Capital:
Payroll for 6 months: $23,667/month x 6 = $142,002- Advertising Budget (over 6 months): $50,000/month x 6 = $300,000
- Miscellaneous Start-Up Expenses: $8,000 (covering legal, licensing, office setup, and technology)
- Total Initial Working Capital: $142,002 (Payroll) + $300,000 (Advertising) + $8,000 (Miscellaneous) = $450,002
Remaining Initial Capital: Reserved as a contingency fund for additional marketing or staffing needs, ensuring stability during the initial growth phase.
Ongoing Monthly Costs
Salaries: $23,667- Utilities and Maintenance: $8,000
- Marketing: $50,000
- Miscellaneous: $15,000
- Licensing, Health Insurance, 401k, E&O Insurance: $20,000
- Office Lease: $8,000
- Bonuses: $30,000
- Total Monthly Costs: $154,667
Monthly Revenue and Profit Projections
Real Estate Transactions: $1,187,500- Title Services: $367,500
- Mortgage Services: $70,945
- Client Retainer Fees: $175,000
- Seller Upgrades: $31,641
- Total Monthly Revenue: $1,832,586
Net Monthly Profit (before taxes):
Revenue: $1,832,586 - Monthly Costs: $154,667 = $1,677,919
Federal Taxes and Net Profit:
Federal Taxes: $1,677,919 x 21% = $352,363- Net Monthly Profit: $1,677,919 - $352,363 = $1,325,556
Conclusion
Done In ONE Realty is positioned for substantial growth and profitability by offering innovative, value-driven services with a 1% transaction fee. The increased startup capital of $750,000 provides a secure foundation for brand development, lead generation, and employee support. With diversified revenue streams and a strategic approach to market capture, Done In ONE Realty is well-equipped to become a leading force in the Las Vegas real estate industry.
Investor Proposal for Done In ONE Realty
Date: October 8, 2024
Prepared by: Done In ONE Realty
Executive Summary
Done In ONE Realty is set to transform the Las Vegas real estate market with a flat 1% transaction fee, bringing substantial savings to both buyers and sellers. With a streamlined business model that emphasizes high-quality service through salaried agents and transparent pricing, Done In ONE Realty is positioned for robust growth. To fuel this expansion, we are seeking a $750,000 investment. In exchange, we offer a 10% interest rate with monthly interest-only payments beginning December 1, 2024, and a balloon payment on or before November 1, 2026. Additionally, we offer a 5% equity stake in Done In ONE Realty, providing a pathway to share in the company’s long-term success.
Investment Overview
Total Funding Request: $750,000
Loan Terms
Loan Structure: Interest-Only Note- Interest Rate: 10% per annum
- Interest Payment Frequency: Monthly, starting on December 1, 2024
- Balloon Payment: Full repayment of the $750,000 principal on or before November 1, 2026
Done In ONE Realty will make monthly interest payments based on the 10% annual rate, with a final balloon payment of the principal at loan maturity.
Equity Offering
In addition to the loan terms, Done In ONE Realty is offering a 5% equity share in the company, enabling the investor to benefit from our continued growth, including potential dividends and increased valuation as we expand our market presence.
Company Overview
Done In ONE Realty, based in Las Vegas, Nevada, is disrupting the traditional real estate model with a flat 1% fee structure that eliminates high commission costs, giving clients unmatched savings and transparency.
Key Elements of Our Business Model
Salaried Agents: Each of our agents earns a $60,000 annual salary, prioritizing client satisfaction over commissions, thus enhancing service quality.- Diversified Revenue Streams: Through our joint venture with Landmark Title, Done In ONE Realty earns a 49% share of all title and escrow services, ensuring a steady revenue source beyond transaction fees. Additionally, we generate revenue from mortgage services in partnership with Aquino Capital Group, earning a percentage on each mortgage transaction.
- Scalable Operations: Our aim is to expand to eight agents who can manage approximately 15 real estate transactions per month as the business grows.
- Expansion Strategy: With plans to eventually enter new markets both within Nevada and across state lines, Done In ONE Realty will replicate its successful flat-fee model in regions where it can maximize ROI.
Why Invest in Done In ONE Realty?
Market Growth Potential: The Las Vegas real estate market is expanding rapidly, and our competitive 1% fee structure is poised to capture a significant market share by appealing to cost-conscious buyers and sellers.- Customer-Centric Service: Our salaried-agent model fosters exceptional client service, increasing customer retention and trust.
- Diverse Income Streams: Done In ONE Realty benefits from multiple revenue channels, including title services and mortgage revenue, which contribute to stable profitability.
- Long-Term Value: The 5% equity stake provides investors with the opportunity to benefit from our ongoing expansion and rising valuation.
Projected Use of Funds
The $750,000 investment will be allocated as follows to support Done In ONE Realty’s growth:
Marketing & Advertising:- Increase marketing efforts across digital and traditional channels to boost client acquisition.
- Allocated Budget: $450,000
- Technology Upgrades:
- Invest in CRM systems and real estate software to optimize operational efficiency and enhance client experience.
- Allocated Budget: $100,000
- Talent Recruitment & Training:
- Expand our team of agents and support staff to meet demand, ensuring they have the necessary skills to thrive in a competitive market.
- Allocated Budget: $125,000
- Operational Capital:
- Reserve funds to cover daily operating expenses and maintain exceptional client service as the company scales.
- Allocated Budget: $75,000
Exit Strategy and Growth Projections
With our innovative 1% fee model and diversified revenue sources, Done In ONE Realty anticipates rapid growth in transaction volume and profitability over the next two years. The investor’s exit strategy includes a balloon payment of the loan principal by November 1, 2026, alongside the ongoing value appreciation of the 5% equity stake.
Conclusion
Done In ONE Realty offers a compelling investment opportunity with a $750,000 secured loan at a 10% annual interest rate and a 5% equity stake. Our flat-fee model is set to capture a substantial portion of the growing Las Vegas market, while our diverse revenue sources provide a robust financial foundation. We invite you to partner with us as we disrupt the real estate industry and drive sustainable growth for years to come.