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Coldwell Banker Commercial
COLDWELL BANKER COMMERCIAL is one of the largest commercial franchise operations, with affiliates offering clients comprehensive buying, selling, leasing, acquisition, disposition and management services.
Franchisor Background
Year Established: 1906Franchising Since: 1996IFA Member CFA Member
Operating Units: Franchised Units: 244 99.6% Company-Owned Units: 1 0.4% ______ _____ Total Operating Units: 245 100% Geographic Distribution: U.S.: 244 86.5% In 32 States Canada: 19 6.7% In 4 Canadian Provinces International: 19 6.7% In 19 Foreign Countries ______ _____ Total: 282 100% North America: States/Provinces with the largest number of operating units: Density Units 1. California 40 2. Florida 23 3. Texas 19
Registered in Following Registration States: California, Hawaii, Indiana, Maryland, Minnesota, New York, North Dakota, Rhode Island, South Dakota, Virginia, Washington, Wisconsin Financial Requirements
Investment: Minimum Net Worth: $250K Cash Investment: $30-101K Total Investment: $29.7-101.4K Average Total Investment: $66K Fees: Initial Franchise Fee: $20K Average Franchise Fee: $20K On-Going Royalty: 6% Average Royalty: 6% Advertising Fee: 2%
Average Number of Employees: Varies Full-time, 0 Part-timeSpace Needs (in square footage): 1,000Preferred Sites: Free-standing Building, Storefront, Strip CenterOther Sites: Encourage Conversions? YesEarnings Claims Provided? NoListed in the SBA Registry? NoSupport and Training
International Franchise Association: Yes Canadian Franchise Association: Yes Franchisee Association/Member: Yes, Member Size of Corporate Staff: 25 Site Selection Assistance? Yes Lease Negotiation Assistance? Yes Financial Assistance? Yes, Indirect Marketing Support: Co-Op Advertising: Yes National Advertising: Yes Regional Advertising: Yes Local Advertising: Yes Marketing Materials: None Specified Additional Services: None Specified Other Marketing Support: None Specified On-Going Support: Central Data Processing: Included in Fees Central Purchasing: Not Applicable Field Operation Evaluation: Included in Fees Field Training: Included in Fees Initial Store Opening: Included in Fees Inventory Control: Not Applicable Franchisee Newsletter: Included in Fees Regional or National Meetings: Included in Fees 800 Telephone Hotline: Included in Fees Training: 1. Parsippany 2 Days 2. On-Site 1-2 Days 3. Internet Varies
Franchisee Qualifications
Ranked from 1 (unimportant) to 5 (important): Financial Net Worth: 4 General Business Experience: 4 Specific Industry Experience: 5 Formal Education: 4 Psychological Profile: 4 Personal Interview(s): 4
Minority Representation
Units Owned by Minorities: African-American: N/A Asian-American: N/A Hispanic: N/A Native American: N/A Other: N/A Specific Minority: Although we strongly support the objectives of the NMFI, we do not yet have any specific programs in place at this time.
Terms of Contract
Term of Initial Contract: 10 Year(s) Term of Renewal Period: 10 Year(s) Passive Ownership: Not Allowed Area Development Agreements? No Sub-Franchising Contracts? No Franchisees Allowed to Expand Within Territory? Yes
Expansion Plans
Projected New Units Over Next 12 months:
U.S.: Yes, All United States Canada: Yes, All Canada Overseas: Yes, All Countries
