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Updated RecentlyERA Franchise Systems LLC vs Coldwell Banker Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of ERA Franchise Systems LLC vs Coldwell Banker 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 | $23,500 - $70,100 |
| Franchise Fee | $25,000 | $13,000 - $25,000 |
| Royalty Fee | 6% of gross revenue | 6% |
| Advertising Fee | 2% ($362.00 minimum/$1,259 maximum for Main Office and $362.00 minimum/$895.00 maximum for Branch) | 2% |
| Year Founded | 1971 | 1906 |
| Year Franchised | 1972 | 1982 |
| Term Of Agreement | 10 years | 10 years |
| Term Of Agreement | 10 years | 10 years |
| Renewal Fee | - | Varies |
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/Yes |
| Start-up Costs | Yes/No | No/No |
| Equipment | No/No | No/Yes |
| Inventory | No/No | No/No |
| Receivables | No/No | No/No |
| Payroll | No/No | No/No |
Training & Support |
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| Training | - | Ongoing training at other locations & via the Internet |
| Support | Newsletter, Meetings, Toll-free phone line, Internet, Field operations/evaluations | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations |
| Marketing | Ad slicks, National media, Regional advertising | Ad slicks, National media, Regional advertising |
| Operations |
International franchisees required to buy multiple units/master licenses
Absentee ownership of franchise is NOT allowed. |
27% of all franchisees own more than one unit
Absentee ownership of franchise is NOT allowed. |
Expansion Plans |
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| US Expansion | - | - |
| Canada Expansion | No | No |
| International Expansion | No | Yes |
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 Coldwell Banker
In the wake of the 1906 San Francisco earthquake, Colbert Coldwell saw how many real estate agents took advantage of victims and decided there was a need for knowledgeable, reliable agents. That same year, he founded his company and in 1914 was joined by Benjamin Arthur Banker, who became a full partner.
Today, Coldwell Banker agents handle residential, luxury, resort and commercial real estate sales.
!["Womens]("https://images.static-ziprealty.com/z/20210216175956/images/logo/WCA_Real_Estate_Agency_2021.png"){kind=logo}
#278 in Franchise 500 for 2021. Not in Franchise 500 for 2021.