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Updated RecentlyERA Franchise Systems LLC vs 1st Class Real Estate Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of ERA Franchise Systems LLC vs 1st Class Real Estate 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 | $14,420 - $209,475 |
| Franchise Fee | $25,000 | $5,000 - $25,000 |
| 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 | 2012 |
| Year Franchised | 1972 | 2018 |
| 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 | Yes/- |
| Start-up Costs | Yes/No | Yes/- |
| Equipment | No/No | -/Yes |
| Inventory | No/No | -/Yes |
| Receivables | No/No | -/Yes |
| Payroll | No/No | -/Yes |
Training & Support |
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| Training | - | Classroom Training: 16 hours Additional Training: Virtual training |
| Support | Newsletter, Meetings, Toll-free phone line, Internet, Field operations/evaluations | Ongoing Support Newsletter Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Marketing | Ad slicks, National media, Regional advertising | Co-op Advertising Ad Templates Social media SEO Website development Email marketing Loyalty program/app |
| Operations |
International franchisees required to buy multiple units/master licenses
Absentee ownership of franchise is NOT allowed. | Number of Employees Required to Run: 3 |
Expansion Plans |
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| US Expansion | - | - |
| Canada Expansion | No | - |
| International Expansion | No | - |
Company Overviews
About ERA Franchise Systems LLC
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.
About 1st Class Real Estate
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1st Class Real Estate is a full-service real estate company that desires to help YOU grow your business! Like everyone else we offer competitive splits & support; however, it is our culture that sets us apart from the rest! We’ve made it possible for you to grow your business with a team of individuals without breaking the bank!
The total investment necessary to begin operation of a 1st Class Real
Estate Full-Service Model is $55,870- $209,475.
This includes $25,950
that must be paid to the franchisor or affiliate.
The total investment necessary to begin operation of a 1st Class Real Estate Incubation Model is $14,420-$71,795.
The total investment necessary to begin operation of a 1st Class Real Estate Incubation Model is $14,420-$71,795.
This includes $5,950 that
must be paid to the franchisor or affiliate.
Seeking new franchise units in the following regions/states: Alaska, Alabama, Arkansas, Arizona, California, Colorado,
Connecticut, District of Columbia, Delaware, Florida, Georgia, Iowa,
Idaho, Illinois, Kansas, Kentucky, Louisiana, Massachusetts, Maine,
Minnesota, Missouri, Mississippi, Montana, Nebraska, North Carolina, New
Hampshire, New Jersey, New Mexico, Nevada, Ohio, Oklahoma, Oregon,
Pennsylvania, South Carolina, Tennessee, Texas, Virginia, Vermont,
Wisconsin, West Virginia and Wyoming