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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 approximately 2,600 offices and approximately 32,000 brokers and sales associates in the U. S. and 49 other countries and territories. As the innovator of the popular ERA® Sellers Security® Plan and the ERA® Answers Book, ERA Real Estate has been developing quality products and services to members and consumers alike since 1971.
Franchisor Background
Year Established: 1971
Franchising Since: 1972
North America:
States/Provinces with the largest number of operating units:
Registered in Following Registration States: California, Hawaii, Illinois, Indiana, Maryland, Minnesota, New York, North Dakota, Rhode Island, South Dakota, Virginia, Washington, Wisconsin
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 approximately 2,600 offices and approximately 32,000 brokers and sales associates in the U. S. and 49 other countries and territories. As the innovator of the popular ERA® Sellers Security® Plan and the ERA® Answers Book, ERA Real Estate has been developing quality products and services to members and consumers alike since 1971.
Franchisor Background
Year Established: 1971
Franchising Since: 1972
| Operating Units: | |||||||||||||||||||||||||||||||
Franchised Units: | 2,762 | 99% | | ||||||||||||||||||||||||||||
| Company-Owned Units: | 28 | 1% | |||||||||||||||||||||||||||||
Total Operating Units: | 2,790 | 100.0% | |||||||||||||||||||||||||||||
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States/Provinces with the largest number of operating units:
| Density | Units |
| 1. Florida | 100 |
| 2. California | 95 |
| 3. New York | 64 |
Registered in Following Registration States: California, Hawaii, Illinois, Indiana, Maryland, Minnesota, New York, North Dakota, Rhode Island, South Dakota, Virginia, Washington, Wisconsin
Financial Requirements
| Investment: | |
| Minimum Net Worth: | $75K |
| Cash Investment: | $Varies |
| Total Investment: | $47.5-210K |
| Average Total Investment: | $129K |
| Fees: | |
| Initial Franchise Fee: | $25K |
| 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: | 52 | ||||||||
| Site Selection Assistance? | No | ||||||||
| Lease Negotiation Assistance? | No | ||||||||
| Financial Assistance? | No | ||||||||
| Marketing Support: | |||||||||
| Co-Op Advertising: | No | ||||||||
| National Advertising: | Yes | ||||||||
| Regional Advertising: | No | ||||||||
| Local Advertising: | No | ||||||||
| Marketing Materials: | Ad Slicks, Brochures, Catalogs, Coupons/rebates, Direct Mailers, Emails, Promotional Items, Radio Ads, Television Ads, Videos | ||||||||
| Additional Services: | Newsletter, Online Extranet, Press Releases, Sales Strategies | ||||||||
| 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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