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Century 21 Real Estate
1 Campus Dr.
Parsippany, NJ 07054
800#: (877) 221-2765
Tel: (973) 428-9700
Fax: (973) 496-5806
E-Mail: [email protected]
Web Site: www.century21.com
Contact: Mr. Brien McMahon, EVP Franchise Sales
With more than 143,000 broker and sales associates worldwide, the CENTURY 21 � system is the world's largest residential real estate organization, providing comprehensive training, management, administrative and marketing support for its members.
Franchisor Background
Established: 1972
First Franchise: 1972
Franchise Units: 7,680
Company-Owned Units: 0
Total Units: 7,680
Distribution:
U.S. -- 4340;
Canada -- 359;
International -- 2981
-North America -- Operations in 50 States, DC
-States/Provinces with Greatest Density: 546 in CA, 383 in FL, 268 TX
Projected New Units Over Next 12 months: NR
Franchisee Qualifications: 4, 4, 5, 4, 4, 4
(Click here for an explanation)
Registered in Following Registration States: All States and AB (Click here for an explanation)
Average Number of Employees: Varies (FT = Full Time, PT = Part Time)
Space Needs: 1,000 SF; FS, SF, SC
(Click here for abbreviations)
Encourage Conversion: Yes
Financial Requirements
Cash Investment: $NR
Total Investment: $11.6-522.4K
Average Total Investment: $267.0K
Minimum Net Worth: $25K
Fees:
-Franchise: $NR
-Royalty: 6%
-Average Royalty: 6.0%
-Advertising: 2%
Provide Earning Claim Statement: No
Terms of Contract
Term of Contract (Years): 10
Passive Ownership: Not Allowed
Area Development Agreements: No
Sub-Franchising Contracts: No
Expand In Territory: Yes
Franchisor Support and Training Provided
Site Selection Assistance: No
Lease Negotiation Assistance: No
Financial Assistance: No
Cooperative Advertising: Yes
International Franchise Association: IFA MEMBER
Canadian Franchise Association:
Franchisee Association / Member: Yes/Yes
Size Of Corporate Staff: NR
On-Going Support: A,C,D,E,G,H,I (Click here for an explanation)
Training: 5 Days in Parsippany, NJ; 3-7 Sessions on Telephone; 1 Day On-Site.
Franchisor's Specific Expansion Plans
U.S.: All United States
Canada: All Canada
Overseas: All Countries
Note: NR = No Response by Franchisor.
Click here for a sample questionnaire.
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