Keller Williams Realty Franchise

Real estate


As two young real estate agents working for what was then the largest real estate company in Austin, Texas, Gary Keller and Joe Williams believed that a company should work for its employees rather than the other way around. So the two men joined forces to found Keller Williams Realty in 1983. Four years later the partners began franchising. With offices throughout the country, Keller Williams encourages agents to recruit others into the company through profit-sharing.

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Please Note: The operators of Keller Williams Realty, may not have verified the accuracy of the Franchise information contained within this website. For accurate up-to-date information, investors are strongly recommended to visit the official Keller Williams Realty website.

How much does it cost to open a Keller Williams Realty Franchise?

The investment required to open a Keller Williams Realty Franchise is between $174,600-$557,500. There is an initial franchise fee of $25,000 which grants you the license to run a business under the Keller Williams Realty name.

Individual Unit Costs

  • Initial Investment:
    $174,600-$557,500
  • Initial Franchise Fee:
    $25,000
  • Royalty Fee:
    6%
  • Advertising Fee:
    N/A
  • Term of Agreement:
    5 years
  • Renewal Fee:
    $2.5K


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Keller Williams Realty News & Press Releases

When did the first Keller Williams Realty open? 1983
When did Keller Williams Realty start Franchising? 1987

Year U.S.A. Canada International Corporate
2010 675 13 0 0
2004 375 7 0 0
2003 284 3 0 0
2002 211 4 0 0
2001 171 3 0 0
2000 159 2 0 0
Expense In-House Third Party
Franchise Fee No No
Startup Costs No No
Equipment No No
Inventory No No
Accounts Receivable No No
Payroll No No

Training
Ongoing country-wide

Support
Newsletter, Meetings, Grand opening, Internet, Security/safety procedures, Field operations/evaluations

Marketing
Regional advertising

30% of all franchisees own more than one unit

Number of employees needed to run franchised unit: 3 - 4

Absentee ownership of franchise is allowed. (85% of current franchisees are owner/operators)

Business Experience:

  • Industry experience
  • General business experience
  • Marketing skills

  • Your income potential as a Keller Williams Realty Franchise entrepreneur depends vastly on many factors. As an entrepreneur, the goals to achieve are related to expanding sales while lowering your operation costs and increasing the quality of your products and or services. Each month your operating costs can include royalty fees, mortgage / rent, supplies for products, staffing, utilities, bookwork, stationary and other items. From one month to the next, you may find your costs fluctuate, but your up-front costs are, for the most part, fixed and they will cover most of the initial setup of equipment, signage and renovations.

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    Legal Disclaimer: This information is not a franchise offering for Keller Williams Realty and should not be construed as such. The Franchise Mall makes every effort to maintain accurate franchise data but does not guarantee nor assume liability for incorrect data. We recommend that anyone seriously interested in pursuing a Keller Williams Realty franchise opportunity, review that franchise's Franchise Disclosure Document (FDD) with an attorney and accountant.

    Keller Williams Realty

    Keller Williams Realty

    Keller Williams Realty
    807 Las Cimas Pkwy., #200
    Austin, TX
    78746

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