3/10

Franchimp Summary Rating

3 /10
Higher than 70% of peers

Franchise Summary

Description
The franchise is for a real estate brokerage offering with defined real estate brokerage services from a specified location under the name Sotheby’s International Realty
Company Background
Sotheby's International Realty is the world's leading luxury real estate broker. We are a trusted advisor for discerning buyers and sellers, delivering unequalled service to our clients in more than 200 markets worldwide. Founded in 1976 by William Raveis, we have built on close relationships with our clients and an expert local knowledge of the global luxury market to become the most powerful name in real estate over four decades. With $6 billion dollars in sales volume last year alone, we offer a full range of services through more than 1,200 offices around the globe. Our expertise lies not only in finding you your dream home but also providing guidance every step of the way from navigating international borders to understanding cultural differences
Franchise Opportunity
Buying, selling or renting a home can be one of the most significant and stressful events in your life. The real estate market is complex and confusing to navigate on your own. It's also hard to know who you can trust with such an important decision. That's why we created Sotheby's International Realty, so that you have access to some of the world's leading experts in their field when it comes to buying, selling or renting property. Our agents are highly trained professionals who will help guide you through every step of the process while providing expert advice and support at every turn along the way - from pre-listing preparation through post closing follow up services. We take pride in our reputation for providing exceptional service with integrity, honesty and professionalism throughout our business relationships; from initial consultation through each stage of transaction completion. Whether you're looking to buy or sell a home or invest in commercial property across
Corporate Structure
Sotheby’s International Realty Affiliates LLC is a Delaware limited liability company, originally incorporated on February 6, 2004, and converted to a limited liability company on July 2, 2007. They are a direct wholly owned subsidiary of Realogy Services Group LLC, a Delaware limited liability company, a direct wholly owned subsidiary of Realogy Group LLC, a Delaware limited liability company. Realogy Group is a direct wholly owned subsidiary of Realogy Intermediate Holdings LLC , a Delaware limited liability company, and a direct wholly owned subsidiary of Realogy Holdings Corp., a Delaware corporation. Their principal business address is 175 Park Avenue, Madison, New Jersey 07940.

Franchise Types Available

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Employee Contact Database

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Distribution of Sotheby's International Realty Franchisees

Sotheby's International Realty Franchise System Development in 2022

FAQ

How much investment do I need to start my own Sotheby's International Realty business?
Franchisees typically require at least $40 to $310 investment to get their Sotheby's International Realty business started
What are the initial franchise fees for Sotheby's International Realty?
Franchisees typically need to pay at least $25 in fees directly to Sotheby's International Realty in order to earn the right to launch their business
How much money can I make with a Sotheby's International Realty franchise? What are the average revenues for a typical Sotheby's International Realty business?
We haven’t done the math on how much revenue a typical Sotheby's International Realty brings in each year. We estimate that other franchisees in the Professional Services industry generate $952,375 revenue, so we would expect Sotheby's International Realty to generate a similar amount
How long do I need to commit to running a Sotheby's International Realty unit? What is my contractual commitment?
The standard length for an initial franchise contract is 10 years. Renewals are also generally 10 years

Accessibility

3 /10
The Franchisor's investment costs ranges from $40,650 to $310,000 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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