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Below is an in-depth analysis and side-by-side comparison of ERA Franchise Systems LLC vs Solid Source Realty including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $27,350 - $432,550 | $100,000 - And Up |
Franchise Fee | $25,000 | N/A |
Royalty Fee | 6% of gross revenue | - |
Advertising Fee | 2% ($362.00 minimum/$1,259 maximum for Main Office and $362.00 minimum/$895.00 maximum for Branch) | - |
Year Founded | 1971 | 2003 |
Year Franchised | 1972 | 2005 |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | - | - |
Business Experience Requirements |
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Experience | - | |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | Yes/No | -/- |
Start-up Costs | Yes/No | -/- |
Equipment | No/No | -/- |
Inventory | No/No | -/- |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
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Training | - | - |
Support | Newsletter, Meetings, Toll-free phone line, Internet, Field operations/evaluations | - |
Marketing | Ad slicks, National media, Regional advertising | - |
Operations |
International franchisees required to buy multiple units/master licenses
Absentee ownership of franchise is NOT allowed. | - |
Expansion Plans |
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US Expansion | - | - |
Canada Expansion | No | - |
International Expansion | No | - |
Since its founding in 1971, ERA has helped homebuyers, sellers and renters with all their real estate needs. In addition to listing homes and providing other brokerage services, the company provides such special services as utility transfer, connection and disconnection.
Solid Source Realty is a veteran woman-owned independent real estate
company that opened in the metro Atlanta market with one agent in 2003.
Within five years, the firm expanded to over 2,000 real estate agents,
eight office locations and was recognized as the #95 Fastest Growing
Privately Held Firm in the nation by INC. Magazine. This extraordinary
growth was achieved organically by consistently identifying new ways to
enhance the client and agent experience.