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Home >> Real Estate >> Real Estate Brokers/Services
| ERA Franchise Systems 1 Campus Dr. Parsippany, NJ 07054 |
Submit an online form to receive information from ERA Franchise Systems.
|
Business Description
A network of more than 3,000 offices and over 38,700 brokers and sales associates in the U. S. and 35 countries and territories. As the innovator of the popular Sellers Security Plan and the ERA Answers Book, ERA has been developing quality products and services to members and consumers alike since 1971.
Franchisor Background
Year Established: 1971
Franchising Since: 1971
North America:
States/Provinces with the largest number of operating units:
Registered in Following Registration States: California, Florida, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Oregon, Rhode Island, South Dakota, Virginia, Washington, Wisconsin, District Of Columbia
Financial Requirements
Average Number of Employees: Varies Full-time, 0 Part-time
Space Needs (in square footage): 1,000
Preferred Sites: Free-standing Building, Storefront, Strip Center
Other Sites:
Encourage Conversions? Yes
Earnings Claims Provided?: No
A network of more than 3,000 offices and over 38,700 brokers and sales associates in the U. S. and 35 countries and territories. As the innovator of the popular Sellers Security Plan and the ERA Answers Book, ERA has been developing quality products and services to members and consumers alike since 1971.
Franchisor Background
Year Established: 1971
Franchising Since: 1971
| Operating Units: | |||||||||||||||||||||||||||||||
Franchised Units: | 2,972 | 99% | | ||||||||||||||||||||||||||||
| Company-Owned Units: | 29 | 1% | |||||||||||||||||||||||||||||
Total Operating Units: | 3,001 | 100.0% | |||||||||||||||||||||||||||||
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States/Provinces with the largest number of operating units:
| Density | Units |
| 1. California | 172 |
| 2. Florida | 162 |
| 3. New York | 93 |
Registered in Following Registration States: California, Florida, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Oregon, Rhode Island, South Dakota, Virginia, Washington, Wisconsin, District Of Columbia
Financial Requirements
| Investment: | |
| Minimum Net Worth: | $25K |
| Cash Investment: | $ |
| Total Investment: | $42.7-205.9K |
| Average Total Investment: | $124K |
| Fees: | |
| Initial Franchise Fee: | $12.5-20K |
| Average Franchise Fee: | $16K |
| On-Going Royalty: | NR |
| Average Royalty: | -1% |
| Advertising Fee: | 2% |
Space Needs (in square footage): 1,000
Preferred Sites: Free-standing Building, Storefront, Strip Center
Other Sites:
Encourage Conversions? Yes
Earnings Claims Provided?: No
| 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 | ||||||||
| Terms of Contract | |||||||||
| Term of Initial Contract: | 10 Year(s) | ||||||||
| Term of Renewal Period: | Year(s) | ||||||||
| Passive Ownership: | Not Allowed | ||||||||
| Area Development Agreements? | No | ||||||||
| Sub-Franchising Contracts? | No | ||||||||
| Franchisees Allowed to Expand Within Territory? | Yes | ||||||||
| Support and Training | |||||||||
| International Franchise Association: | Yes | ||||||||
| Canadian Franchise Association: | No | ||||||||
| Franchisee Association/Member: | Yes, Member | ||||||||
| Size of Corporate Staff: | 0 | ||||||||
| Site Selection Assistance? | No | ||||||||
| Lease Negotiation Assistance? | No | ||||||||
| Financial Assistance? | No | ||||||||
| Marketing Support: | |||||||||
| Co-Op Advertising: | Yes | ||||||||
| National Advertising: | No | ||||||||
| Regional Advertising: | No | ||||||||
| Local Advertising: | No | ||||||||
| 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, NJ | 1 Week | ||||||||
| 2. On-Site | 2-3 Days | ||||||||
| Expansion Plans | |||||||||
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Submit an online form to receive information from ERA Franchise Systems.
|
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