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Red Carpet Real Estate
189 E. Big Beaver, # 209
Troy, MI 48083
800#: (800) 355-0744
Tel: (248) 680-7300
Fax: (248) 680-3014
E-Mail: [email protected]
Web Site: www.redcarpetrealestate.com
Contact: Ms. Betty Main, Vice President
RED CARPET REAL ESTATE is one of the oldest franchise real estate sales organizations in the nation. Founded in 1966, RED CARPET has become a trusted household name for generations. We provide our members with the latest marketing tools and training available. At RED CARPET, our goal is complete client satisfaction.
Franchisor Background
Established: 1966
First Franchise: 1970
Franchise Units: 69
Company-Owned Units: 0
Total Units: 69
Distribution:
U.S. -- 69;
Canada -- 0;
International -- 0
-North America -- Operations in 3 States
-States/Provinces with Greatest Density: 48 in MI, 20 in CA, 1 in TX
Projected New Units Over Next 12 months: NR
Franchisee Qualifications: , , , , ,
(Click here for an explanation)
Registered in Following Registration States: NR (Click here for an explanation)
Average Number of Employees: 5 FT (FT = Full Time, PT = Part Time)
Space Needs: NR SF; FS, SF, SC, RM
(Click here for abbreviations)
Encourage Conversion: NR
Financial Requirements
Cash Investment: $9.5K
Total Investment: $Varies
Average Total Investment: $-1.0K
Minimum Net Worth: $10K
Fees:
-Franchise: $9.5K
-Average Franchise Fee: $9.5K
-Royalty: 5%
-Average Royalty: 5.0%
-Advertising: .5%
Provide Earning Claim Statement: NR
Terms of Contract
Term of Contract (Years): 5/7/10
Passive Ownership: Discouraged
Area Development Agreements: Yes
Sub-Franchising Contracts: No
Expand In Territory: Yes
Franchisor Support and Training Provided
Site Selection Assistance: NA
Lease Negotiation Assistance: NA
Financial Assistance: NR
Cooperative Advertising: NA
International Franchise Association:
Canadian Franchise Association:
Franchisee Association / Member: NR
Size Of Corporate Staff: 5
On-Going Support: D,G,H (Click here for an explanation)
Training: Quarterly Meetings.
Franchisor's Specific Expansion Plans
U.S.: All United States
Canada: NR
Overseas: NR
Note: NR = No Response by Franchisor.
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