6 Sylvan Way
Parsippany, NJ 07054
800#: (800) 826-8083
Tel: (973) 496-7221
Fax: (973) 496-4981
E-mail:
Web Site: www.century21.com
Contact: Mr. Rick Del Sontro, SVP Franchise Sales
World's largest residential real estate franchising organization: provides a marketing support system for independently-owned and operated real estate brokerage offices. Offering international advertising, VIP referral system, residential and commercial sales training and other real estate related services.
Franchisor Background
| Established: |
1971; |
First Franchise: |
1972 |
| Franchise Units: |
6200 |
| Company-Owned Units: |
0 |
| Total Units: |
6200 |
Distribution:
U.S. -- 4493;
Canada -- 265;
International -- 1442
> North America -- Operations in All States & Provinces
> States/Provinces with Greatest Density: 520 in CA, 348 in FL, 314 IL
|
| Projected New Units Over Next 12 months: 417 |
| Franchisee Qualifications: 4, 4, 5, 4, 4, 4
(for an explanation
click here) |
| Registered in Following Registration States: All States |
| Average Number of Employees: Varies (FT = Full Time, PT = Part Time) |
| Space Needs: Varies SF; FS, SF, SC
(for abbreviations click here) |
Financial Requirements
| Cash Investment: |
$NR |
|
| Total Investment: |
$50-200K; |
|
Average Total Investment: |
$125K |
|
| Minimum Net Worth: |
$25K |
|
| Fees: |
Franchise: |
$12.5-25K; |
Average Franchise Fee: |
$26K |
|
Royalty: |
6% |
|
Advertising: |
2% |
| Provide Earning Claim Statement: No
|
Terms of Contract
| Term of Contract (Years): |
5-10/5-10 |
| Passive Ownership: |
Discouraged |
| Encourage Conversions: |
Yes |
| Area Development Agreements: |
No |
| Sub-Franchising Contracts: |
No |
| Expand In Territory: |
Yes |
Franchisor Support and Training Provided
| Financial Assistance: |
No (D = Direct; I = Indirect; B = Both) |
| Site Selection Assistance: |
Yes |
| Lease Negotiation Assistance: |
No |
| Cooperative Advertising: |
Yes |
| Franchisee Assoc. / Member: |
No |
| Size Of Corporate Staff: |
357 |
| On-Going Support: |
C,d,G,h,I
(for an explanation click
here) |
| Training: |
4.5 Days Irvine, CA. |
Franchisor's Specific Expansion Plans
| U.S.: |
All United States |
| Canada: |
All Canada |
| Overseas: |
All Countries |
Note: NR = No Response by Franchisor.
For a sample questionnaire click here.