| ||||
Updated RecentlyState Wide Real Estate vs Corcoran Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of State Wide Real Estate vs Corcoran including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
| Investment | $10,000 - $50,000 | $52,850 - $520,500 |
| Franchise Fee | $5,000 | $35,000 |
| Royalty Fee | 5% | 6% |
| Advertising Fee | - | 0.5%-1% |
| Year Founded | 1944 | 2015 |
| Year Franchised | 1979 | 2019 |
| Term Of Agreement | 5 years | - |
| Term Of Agreement | 5 years | - |
| Renewal Fee | - | - |
Business Experience Requirements |
||
| Experience | - | |
Financing Options |
||
| In-House/3rd Party | In-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 |
||
| Training | - | - |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet | - |
| 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) | - |
Expansion Plans |
||
| US Expansion | Yes | Yes |
| Canada Expansion | No | - |
| International Expansion | No | Yes |
Company Overviews
About State Wide Real Estate
Do You...
- Want to make more money?
- Have professional problem solvers to call?
- Want to be a part of a large MICHIGAN network?
- Use a State-of-the-Art web site for your listings?
- Get actual response from the internet?
- Get outside training for your agent?
- Want to be a part of a franchise that has been in Michigan since 1945?
About Corcoran
!["Corcoran]("https://fddexchange.com/wp-content/uploads/2019/12/Corcoran-300x76.jpg")
Since 1973, the agents of Corcoran have been earning and keeping our clients’ trust with an unwavering commitment to integrity and service. In every market we serve, Corcoran is a family of world-class professionals, combining real estate expertise with unrivaled market knowledge and neighborhood fluency.
The total investment necessary to begin operation of a Corcoran®
franchise is approximately $52,850 to $333,200 for a conversion real
estate office, and $134,350 to $520,500 for a start-up real estate
office. This includes $5,000 to $35,000 that must be paid to the
franchisor or an affiliate as an initial franchise fee. The initial
franchise fee for a residential conversion or start-up franchise is
$35,000 for the Main Office and $10,000 for each additional Branch
Office.