State Wide Real Estate vs Red Carpet Real Estate Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of State Wide Real Estate vs Red Carpet Real Estate including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
State Wide Real Estate Franchise
Red Carpet Real Estate Franchise
Investment $10,000 - $50,000$36,000
Franchise Fee $5,000$9,500
Royalty Fee 5%5%
Advertising Fee -0.5%
Year Founded 19441966
Year Franchised 19791970
Term Of Agreement 5 years5 years +7or10
Term Of Agreement 5 years5 years +7or10
Renewal Fee --


Business Experience Requirements

 
State Wide Real Estate Franchise
Red Carpet Real Estate Franchise
Experience
  • Industry experience
  • -

    Financing Options

     
    State Wide Real Estate Franchise
    Red Carpet Real Estate Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees Yes/No-/-
    Start-up Costs No/No-/-
    Equipment No/No-/-
    Inventory No/No-/-
    Receivables No/No-/-
    Payroll No/No-/-

    Training & Support

     
    State Wide Real Estate Franchise
    Red Carpet Real Estate Franchise
    Training -Meetings Quarterly
    Support Newsletter, Meetings, Toll-free phone line, Grand opening, InternetField Training

    Franchisee Newsletter

    Regional or National Meetings

    Marketing Co-op advertising, Ad slicks, Regional advertising-
    Operations 3% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 2 - 10

    Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators)

    Average Number of Employees: 5 Full-time, 0 Part-time

    Passive Ownership: Allowed, But Discouraged


    Expansion Plans

     
    State Wide Real Estate Franchise
    Red Carpet Real Estate Franchise
    US Expansion YesYes
    Canada Expansion No-
    International Expansion No-

    Company Overviews

    About State Wide Real Estate

    Do You...

    State Wide Real Estate is looking for franchisees in Michigan.

    About Red Carpet Real Estate

    Owning a Red Carpet Real Estate franchise gives you the unique opportunity to build a real estate company with unrivaled name recognition, corporate support, and market-changing technology while maintaining that crucial entrepreneurial mindset. Red Carpet Real Estate is an organization with freedom and flexibility to offer our Broker/Owners the best opportunity to successfully recruit Sales Associates and dominate their respective real estate markets.Red Carpet Real Estate serves our members. We are committed to the professional development of all of our members. Our state of the art collateral marketing tools and technology equip our members to serve the consumer. Our powerful brand name positions us in the customers' minds, as a leader in the real estate industry. From recruiting support, agent retention, sales rallies, sales and marketing training, broker support to the latest in technology, today's real estate agents are attracted to the Red Carpet name. Our unique lead generating programs allow our offices to offer in house buyer and seller leads. Agents at Red Carpet are provided with the most up-to-date marketing focused sales training programs. We pride ourselves in the latest state-of-the-art sales tools. Due to our rapidly changing industry, it is more important than ever before to be associated with a corporation that will successfully lead you into the future. Red Carpet Real Estate has been a leader in real estate for more than 40 Years.