Business Description

RED CARPET REAL ESTATE is one of the oldest franchise real estate sales organizations in the nation. Founded in 1966, RED CARPET has become a trusted household name for generations. We provide our members with the latestmarketing tools and training available. At RED CARPET, our goal is complete client satisfaction.

Franchisor Background

Year Established:  1966

Franchising Since:  1970

Operating Units:
Franchised Units:	69	100%
Company-Owned Units:	0	0%
Total Operating Units:	69	100.0%
Geographic Distribution: U.S.: 69 100% In 3 States Canada: 0 0% In 0 Canadian Provinces International: 0 0% In 0 Foreign Countries   Total: 69 100.0%

North America:
States/Provinces with the largest number of operating units:

Density	Units
1. California	20
2. Michigan	48
3. Texas	1

Registered in Following Registration States:

Financial Requirements

Investment:
Minimum Net Worth:	$10K
Cash Investment:	$9.5K
Total Investment:	$36K
Average Total Investment:	$36K
Fees:
Initial Franchise Fee:	$9.5K
Average Franchise Fee:	$10K
On-Going Royalty:	5%
Average Royalty:	5%
Advertising Fee:	.5%

Average Number of Employees: 5 Full-time, 0 Part-time

Space Needs (in square footage):

Preferred Sites: Free-standing Building, Storefront, Strip Center, Regional Mall

Other Sites:

Encourage Conversions? No

Earnings Claims Provided?: No

Franchisee Qualifications
Ranked from 1 (unimportant) to 5 (important):
Financial Net Worth:	N/A
General Business Experience:	N/A
Specific Industry Experience:	N/A
Formal Education:	N/A
Psychological Profile:	N/A
Personal Interview(s):	N/A
Terms of Contract
Term of Initial Contract:	5 Year(s)
Term of Renewal Period:	7 or 10 Year(s)
Passive Ownership:	Allowed, But Discouraged
Area Development Agreements?	Yes, for 0 Year(s)
Sub-Franchising Contracts?	No
Franchisees Allowed to Expand Within Territory?	Yes
Support and Training
International Franchise Association:	No
Canadian Franchise Association:	No
Franchisee Association/Member:	No
Size of Corporate Staff:	5
Site Selection Assistance?	Not Applicable
Lease Negotiation Assistance?	Not Applicable
Financial Assistance?	No
Marketing Support:
Co-Op Advertising:	No
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:	Not Applicable
Central Purchasing:	Not Applicable
Field Operation Evaluation:	Not Applicable
Field Training:	Included in Fees
Initial Store Opening:	Not Applicable
Inventory Control:	Not Applicable
Franchisee Newsletter:	Included in Fees
Regional or National Meetings:	Included in Fees
800 Telephone Hotline:	Not Applicable
Training:
1. Meetings	Quarterly
Expansion Plans
Projected New Units Over Next 12 months: U.S.: Yes, All United States Canada: No Overseas: No	Request Franchisor Info   Submit an online form to receive information from Red Carpet Keim Real Estate.