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GMAC Home Services
2021 Spring Rd., # 300
Oak Brook, IL 60523
800#: (800) 274-7661
Tel:
Fax: (866) 432-4432
E-Mail: [email protected]
Web Site: www.gmacrealestate.com
Contact: Qualification Specialist,
GMAC HOME SERVICES is one of the nation's largest real estate organizations, delivering Premier Service to home buyers and sellers through its three operating companies - GMAC Real Estate, GHS Mortgage and GMAC Global Relocation Services. Backed by the resources of industry giant General Motors, the GMAC HOME SERVICES network has more than 1,300 franchised and owned residential real estate offices throughout the United States.
Franchisor Background
Established: 1998
First Franchise: 1998
Franchise Units: 1,300
Company-Owned Units: 92
Total Units: 1,392
Distribution:
U.S. -- 1360;
Canada -- 32;
International -- 0
-North America -- Operations in 50 States, 5 Provinces
-States/Provinces with Greatest Density: 114 in CA, 86 in FL, 83 in F
Projected New Units Over Next 12 months: 28
Franchisee Qualifications: 4, 4, 4, 4, 3, 4
(Click here for an explanation)
Registered in Following Registration States: All States (Click here for an explanation)
Average Number of Employees: 4 FT (FT = Full Time, PT = Part Time)
Space Needs: 1,800 SF; NR
(Click here for abbreviations)
Encourage Conversion: Yes
Financial Requirements
Cash Investment: $NR
Total Investment: $NR
Average Total Investment: $-1.0K
Minimum Net Worth: $NR
Fees:
-Franchise: $7.5-20K
-Average Franchise Fee: $13.8K
-Royalty: Varies
-Advertising: Varies
Provide Earning Claim Statement: No
Terms of Contract
Term of Contract (Years): 5/7/10
Passive Ownership: Allowed
Area Development Agreements: No
Sub-Franchising Contracts: No
Expand In Territory: No
Franchisor Support and Training Provided
Site Selection Assistance: No
Lease Negotiation Assistance: No
Financial Assistance: Yes(D)
Cooperative Advertising: No
International Franchise Association: IFA MEMBER
Canadian Franchise Association:
Franchisee Association / Member: No
Size Of Corporate Staff: 45
On-Going Support: C,d,E,G,H,I (Click here for an explanation)
Training: 1 Week Oak Brook, IL.
Franchisor's Specific Expansion Plans
U.S.: All United States
Canada: All Canada
Overseas: Europe
Note: NR = No Response by Franchisor.
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