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Remerica Real Estate
40500 Ann Arbor Rd., # 102
Plymouth, MI 48170
800#: (800) REM-ERICA
Tel: (734) 459-4500
Fax: (734) 459-1566
E-Mail: [email protected]
Web Site: www.remerica.com
Contact: Mr. Jeffrey Hodges, VP Marketing
A cutting-edge residential real estate franchising organization. We offer broker, agent (experience and new), training, secretarial training, assist in recruiting, your own dynamic and interactive Website, intranet, technical support, TV and print advertising. See www.remerica.com and REMERICA FINANCIAL AND TITLE GROUP.
Franchisor Background
Established: 1988
First Franchise: 1990
Franchise Units: 41
Company-Owned Units: 0
Total Units: 41
Distribution:
U.S. -- 41;
Canada -- 0;
International -- 0
-North America -- Operations in 1 State
-States/Provinces with Greatest Density: 34 in MI
Projected New Units Over Next 12 months: 10
Franchisee Qualifications: 5, 4, 5, 4, 2, 5
(Click here for an explanation)
Registered in Following Registration States: NR (Click here for an explanation)
Average Number of Employees: NR (FT = Full Time, PT = Part Time)
Space Needs: NR SF; FS, SF, SC, RM
(Click here for abbreviations)
Encourage Conversion: Yes
Financial Requirements
Cash Investment: $15-70K
Total Investment: $20-100K
Average Total Investment: $60.0K
Minimum Net Worth: $25-100K
Fees:
-Franchise: $10K
-Average Franchise Fee: $10.0K
-Royalty: 6%
-Average Royalty: 6.0%
-Advertising: 2%
Provide Earning Claim Statement: No
Terms of Contract
Term of Contract (Years): 5/5
Passive Ownership: Discouraged
Area Development Agreements: No
Sub-Franchising Contracts: No
Expand In Territory: Yes
Franchisor Support and Training Provided
Site Selection Assistance: Yes
Lease Negotiation Assistance: Yes
Financial Assistance: Yes(I)
Cooperative Advertising: Yes
International Franchise Association:
Canadian Franchise Association:
Franchisee Association / Member: No
Size Of Corporate Staff: 12
On-Going Support: A,B,C,D,E,F,G,H,I (Click here for an explanation)
Training: 20+ Hours Plymouth, MI.
Franchisor's Specific Expansion Plans
U.S.: All United States
Canada: All Canada
Overseas: No
Note: NR = No Response by Franchisor.
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