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Buyer's Agent, The
1255 A Lynnfield Rd., # 273
Memphis, TN 38119
800#: (800) 766-8728
Tel: (901) 767-1077
Fax: (901) 767-3577
E-Mail: [email protected]
Web Site: www.forbuyers.com
Contact: Mr. David Hathaway, Dir. Franchise Development
The nation's oldest and largest real estate franchise in the business of exclusive buyer representation.
Franchisor Background
Established: 1988
First Franchise: 1988
Franchise Units: 62
Company-Owned Units:
Total Units: 62
Distribution:
U.S. -- 70;
Canada -- 0;
International -- 0
�North America -- Operations in 28 States
�States/Provinces with Greatest Density: 8 in FL, 8 in CA, 5 in TN
Projected New Units Over Next 12 months:50
Franchisee Qualifications:3, 3, 2, 3, 3, 3
(Click here for an explanation)
Registered in Following Registration States: CA,FL,HI,IN,MD,MI,MN,NY,OR,RI,VA,WA,WI
Average Number of Employees: 5-15 FT (FT = Full Time, PT = Part Time)
Space Needs: 2,000 SF; FS, SF, SC
(Click here for abbreviations)
Encourage Conversion: Yes
Financial Requirements
Cash Investment: $20-30K
Total Investment: $25-50K
Average Total Investment: $37.5K
Minimum Net Worth: $50K
Fees
�Franchise: $14.9K;
�Average Franchise Fee: $14.9K
�Royalty: 5%
�Average Royalty: 5.0%
�Advertising: 1%
Provide Earning Claim Statement: No
Terms of Contract
Term of Contract (Years): 5/5
Passive Ownership: Discouraged
Area Development Agreements: Consider
Sub-Franchising Contracts: No
Expand In Territory: Yes
Franchisor Support and Training Provided
Site Selection Assistance: Yes
Lease Negotiation Assistance: Yes
Financial Assistance: Yes(I)
Cooperative Advertising: Yes
Franchisee Association / Member: No
Size Of Corporate Staff: 12
On-Going Support: A,B,C,D,E,G,H,I (Click here for an explanation)
Training: 5 Days Memphis, TN.
Franchisor's Specific Expansion Plans
U.S.: All United States
Canada: All Canada
Overseas: No
Note: NR = No Response by Franchisor.
Click here for a sample questionnaire.
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