In August, 2010, Prospect Equities, Inc. (PE) received its Illinois real estate franchise license, and by September, 2011, had awarded four new franchise offices in Lincolnwood, Homewood, Schaumburg, and Naperville, thereby doubling PE’s Chicago-based branch offices.
“I finally have found like-minded people who are helping to grow the Prospect Equities® name beyond what I alone can do,” stated Founder Richard M. Killian from the Oak Brook headquarters. Opening the first branch in Orland Park in 2002, PE added three more branch locations in Lisle, Joliet and Chicago’s Lincoln Park by 2006 and relocated its corporate headquarters from Homer Glen to Oak Brook, IL.
Now with four new franchises opening for business in early 2012, PE will present metro Chicago with nine locations. All will offer clients full realty services: sales and leasing, along with title and mortgage services through PE’s sister companies. PE agents enjoy full-service brokerage support and unparalleled office fees and benefits.
It is Killian’s unique business model that has enabled PE this noteworthy expansion and the company’s best-ever growth these last three years. This success contrasts with the closing of many real estate agencies in recent years.
“I look forward to the exciting journey ahead,” stated PE’s new Schaumburg franchisee Chris Hagn at lunch during the early-October class. Joining PE in 2007 as an agent, Hagn rose to Vice-President in 2008. The franchise opportunity he helped develop became too good to pass by, and he jumped to purchase an office himself.
“I’ll follow Killian’s exact business plan and duplicate his successful model. I fully respect Rich for his leadership and his extensive accomplishments in ten years—all achieved at his young age,” said Hagn.
PE’s first week-long training class members all agree about their good fortune to follow PE’s multiple success systems in recruitment, training, lead-generation, accounting, and bookkeeping.
PE’s fourth hired agent, Homewood franchisee Mark McGee (the deservingly teased teacher’s pet), has wanted to become a PE franchisee for years and now basks in this realized dream. Moin Haque, of Naperville, stated the class has reinforced how to accomplish business goals and has offered a road map for obstacles the new owners may confront.
Ashraf Memon, operating in Lincolnwood, was sold on Prospect Equities’ recession-proof model. Further, he appreciates the full-service office, the new real estate design he says, which most offices lack.
