Century 21 vs Engel & Voelkers Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Century 21 vs Engel & Voelkers including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Century 21 Franchise
Engel & Voelkers Franchise
Investment $24,700 - $451,350$176,000 - $320,500
Franchise Fee $12,500 - $25,000$25,000
Royalty Fee 6%6%
Advertising Fee 2%1.5%
Year Founded 19711977
Year Franchised 19721998
Term Of Agreement 10 years-
Term Of Agreement 10 years-
Renewal Fee --


Business Experience Requirements
 
Century 21 Franchise
Engel & Voelkers Franchise
Experience
  • Industry experience
  • General business experience
  • Marketing skills
    		• -

    Financing Options
     
    Century 21 Franchise
    Engel & Voelkers Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees Yes/Yes-/-
    Start-up Costs No/No-/-
    Equipment No/Yes-/-
    Inventory No/No-/-
    Receivables No/No-/-
    Payroll No/No-/-

    Training & Support
     
    Century 21 Franchise
    Engel & Voelkers Franchise
    Training -Knowledge as a competitive factor The increasingly dynamic development of the markets calls for specialisation and sound expertise. Engel & Voelkers recognised the signs of the times early on and established its own academy in 1996 to provide a sound professional education to all company employees. During a six-day basic training course our new employees get to know the innovative Engel & Voelkers marketing system in a three-step programme. Among other things, the course subjects comprise questions of corporate identity and software seminars for the specially developed program "Global Office" as well as practice-oriented sales seminars. The training takes place regularly in the seminar room of the DJZ (German-Japanese Centre) at the Stadthausbroecke in Hamburg. Local seminars in the respective countries can be organized with a minimum of 6 participants.
    Support Newsletter, Meetings, Toll-free phone line, Internet, Field operations/evaluations-
    Marketing Co-op advertising, Ad slicks, National media, Regional advertising-
    Operations

    Absentee ownership of franchise is NOT allowed.

    		-

    Expansion Plans
     
    Century 21 Franchise
    Engel & Voelkers Franchise
    US Expansion --
    Canada Expansion No-
    International Expansion Yes-

    Company Overviews

    About Century 21

    When you become part of the CENTURY 21® System, you’ll have the flexibility and entrepreneurial opportunity of being independently owned and operated along with the brand presence and buying power of the world’s most iconic real estate brand. 
     
    • Global Exposure
    • Comprehensive Training
    • In-Market Support
    • World-Class Marketing
    • The Scale and Buying Power of a Global Partner
     
    According to the 2013 National Association of REALTORS® Profile of Real Estate Firms, those real estate firms affiliated with a franchise report an 87% boost in name recognition, an 85% increase in enhanced use of technology, and an 83% improvement in acquiring listings. 
     
    Find out what more than 8,000 independently owned and operated franchise brokers across 80 countries and territories already know. The CENTURY 21 System is the most recognized real estate company as chosen by consumers from a list of real estate agencies.*
     
    The CENTURY 21 System is accepting franchise applications in key markets for individuals that are interested in setting a new standard of service, quality, and commitment.

    The total investment necessary to begin operation of a CENTURY 21 franchise is approximately $24,700 to $264,050 for a conversion real estate office, and $106,200 to $451,350 for a start-up real estate office. This includes $0 to $25,000 that must be paid to the franchisor or its affiliate. The standard initial franchise fee for a residential franchise is $25,000 for the first office and $10,000 for each additional office.

    Veteran Incentives Franchise fee waived

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    #80 on Franchise Rankings.com
    #362 in Franchise 500 for 2021.  Not in Franchise 500 for 2020.






    About Engel & Voelkers

    The neighborhood specialist with the worldwide system!

    Gotten to be a piece of the element, growing and fruitful worldwide system Engel and Voelkers with more than 200 land shops to its name. Engel and Voelkers is one of the main licensors for operators with practical experience in promoting prestigious properties around the world. A notable brand name, proficient advertising devices inside our own particular universal system, a creative IT idea and our own design and openings.

    Gotten to be a piece of the global Engel and Voelkers cooperation and demand more information on our authorizing idea.
    The Company, founded in Hamburg in 1977, Engel and Voelkers is universally recognized as the main land organization for purchasing and offering top of the line private properties in premium areas. Our European style shops pass on more than simply our social beginnings. They symbolize the look and feel of our unmistakably rich brand and exhibit our own dedication to perfection in all that we accomplish for our clients and accomplices.

    Today, another Engel and Voelkers property shop opens like clockwork some place far and wide! The marvelous development of Engel and Voelkers is because of the advancement of the very acclaimed authorizing (or diversifying) framework. During 2006 business expanded by a unimaginable 59% (Engel and Voelkers created organization income of 122.7 million Euro in 2006 contrasted with 82.5 million Euro in 2005).