Franchimp Summary Rating
Higher than 51% of peers
Higher than 82% of peers
Franchise Summary
Description
The franchised business being offered is ERA® real estate sales offices using the ERA® Identification and Marketing System.
Company Background
ERA is a real estate brokerage franchise. ERA has defined real estate brokerage services from a specified location under the name ERA.
Franchise Opportunity
The real estate industry is a competitive one and in order to succeed, you need to stand out from the crowd. ERA Franchise has positioned itself as a top franchise opportunity for people looking to get into the industry with an established brand name. We have over 20 years of experience helping hundreds of agents build their business. Our proven system will help you grow your business faster than starting from scratch on your own. With ERA's proven systems and processes in place, it's easy for our agents to make more money by providing better service at lower cost. This allows them to focus on what they do best - serving clients - while we take care of everything else that goes along with running a successful real estate brokerage firm including marketing, technology and training programs so you can focus on growing your business without having to worry about finding new leads or other time consuming tasks associated with building a traditional real estate brokerage firm from scratch..
Corporate Structure
The franchisor is ERA Franchise Systems LLC, a Delaware limited liability company, incorporated on January 31, 1996, with a principal business address at 175 Park Avenue, Madison, New Jersey 07940.
Franchisee Attrition
This franchise's rate of attrition in 2015
of 7.20%
was
Slightly Higher
than the 7% in the Real Estate industry. Generally speaking, a higher rate of attrition represents a less stable franchise system and a lower rate of attrition indicates a more successful system
What's Included in franchise attrition?
We define the franchisee attrition rate as the sum of terminations, re-acquisitions by
franchisor, non-renewals, and ceased operations, divided by the number of outlest at the start of the year.
It is a strong indicator of the strength of the underlying operating model
Franchise Types Available
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Employee Contact Database
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Distribution of ERA Real Estate Franchisees
ERA Real Estate Franchise System Development in 2024
FAQ
How much investment do I need to start my own ERA Real Estate business?
Franchisees typically require at least $114,870 to $447,100 investment to get their ERA Real Estate business started
What are the initial franchise fees for ERA Real Estate?
Franchisees typically need to pay at least $0 in fees directly to ERA Real Estate in order to earn the right to launch their business
How much money can I make with a ERA Real Estate franchise? What are
the average revenues for a typical ERA Real Estate business?
We haven’t done the math on how much revenue a typical
ERA Real Estate brings in each year. We estimate that other
franchisees in the Professional Services industry generate
$932,459 revenue, so we would expect
ERA Real Estate to generate a similar amount
How long do I need to commit to running a ERA Real Estate unit? What
is my contractual commitment?
The standard length for an initial franchise contract is 10 years. Renewals are
also generally 10 years
Accessibility
The Franchisor's investment costs ranges from
$114,870 to $447,100
which is
Much Higher
than the $0 to $0 average in the Real Estate industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc
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