Coldwell Banker Real Estate
Coldwell Banker Real Estate
1 Campus Dr.
Parsippany, NJ 07054
800#:
Tel: (973) 359-5757
Fax: (973) 359-5908
E-Mail: [email protected]
Web Site: www.coldwellbanker.com
Contact: Mr. David Hardy, SVP Business Development
For 99 years, the COLDWELL BANKER (TM) organization has been the premiere provider of full-service real estate. With more than 3,600 independently and company owned and operated residential real estate offices with approximately 120,000 sales associates globally, the company is an industry leader.
Franchisor Background
Established: 1981
First Franchise: 1981
Franchise Units: 2,600
Company-Owned Units: 900
Total Units: 3,500
Distribution:
U.S. -- 3044;
Canada -- 217;
International -- 239
-North America -- Operations in 50 States, DC
-States/Provinces with Greatest Density: 380 in CA, 255 in FL, 159 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: $23.5-477.3K
Average Total Investment: $250.4K
Minimum Net Worth: $25K
Fees:
-Franchise: $NR
-Royalty: 6%
-Average Royalty: 6.0%
-Advertising: 2.5%
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
Size Of Corporate Staff: 100
On-Going Support: A,C,D,E,G,H,I (Click here for an explanation)
Training: 4 Days in Parsippany, NJ; 1-2 Days On-Site; Varies via Internet.
Franchisor's Specific Expansion Plans
U.S.: All United States
Canada: All Canada
Overseas: All Countries
Note: NR = No Response by Franchisor.
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