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ERA Franchise Systems
1 Campus Dr.
Parsippany, NJ 07054
800#: (800) 869-1260
Tel: (973) 428-9700
Fax: (973) 496-7354
E-Mail: [email protected]
Web Site: www.era.com
Contact: Mr. David Hardy, SVP Business Development
A network of more than 2,800 brokerages and over 36,600 brokers and sales associates in the U. S. and 29 countries. As the innovator of the popular Sellers Security Plan and the ERA Answers Book, ERA has been developing quality products and services to members and consumers alike since 1971.
Franchisor Background
Established: 1971
First Franchise: 1971
Franchise Units: 2,811
Company-Owned Units: 30
Total Units: 2,841
Distribution:
U.S. -- 1215;
Canada -- 0;
International -- 1626
-North America -- Operations in 50 States
-States/Provinces with Greatest Density: 124 in CA, 123 in FL, 68 NY
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 (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: $42.7-205.9K
Average Total Investment: $124.3K
Minimum Net Worth: $25K
Fees:
-Franchise: $12.5-20K
-Average Franchise Fee: $20.0K
-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: 1 Week in Parsippany, NJ; 3-4 Days On-Site
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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