1. Executive summary.
Schneeberger’s Real Estate Group was founded by a successful real estate agent Steve
Schneeberger in 2017 in order to create company that will provide high-quality real estate
services to customers. Interest rate stay at the steady low point which raise residential real estate
properties prices. At the same time they stay affordable, because loans are issued at small interest
rate percentage and keep the demand for homes steady. The company started in Richfield,
Minnesota and only exist for approximately 1 year, but has already proved itself as steady
growing company with high revenue. Company is looking to spread its reach of the entire city of
Richfield and plans to expand over to Bloomington in couple years. This business idea present
itself as a valid, promising project. The mission of Schneeberger’s Real Estate Group is to
provide fast, high-quality service comparable to competition and to create opportunity for
challenging careers and high bonus returns to partner agents.
Schneeberger’s Real Estate Group has a lot of standout points. The distinctive features of
its services is faster selling time (average of 17 days comparable to 47 nationwide). Moreover,
company achieved 102% sales price/list price ratio, which means company sell customer’s
houses at a higher price bringing higher income both to clients and company as well. All these
features make the company competitive on the market and potentially can become a large real
estate group with reach over entire Twin Cities Metro Area.
There is a clear market for the Schneeberger’s Real Estate group Services, which is supported by
the following statistics:
●Around 1700 houses were sold in the city of Richfield last year (2017)
●Total amount of revenue that were made by clients that sold/bought houses in Richfield
for their clients is $23,460,00
●Schneeberger’s real estate group served 3% of the market share and this number
will continue to grow
●Annual amount of sales in residential real estate business is around 12.65 billion dollars