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Below is an in-depth analysis and side-by-side comparison of ERA Franchise Systems LLC vs Homes & Land Magazine 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 | $45,500 - $114,000 |
Franchise Fee | $25,000 | $27,000 |
Royalty Fee | 6% of gross revenue | 10.5% |
Advertising Fee | 2% ($362.00 minimum/$1,259 maximum for Main Office and $362.00 minimum/$895.00 maximum for Branch) | - |
Year Founded | 1971 | 1973 |
Year Franchised | 1972 | 1984 |
Term Of Agreement | 10 years | 10 years |
Term Of Agreement | 10 years | 10 years |
Renewal Fee | - | 5000 |
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 | No/Yes |
Start-up Costs | Yes/No | No/No |
Equipment | No/No | No/No |
Inventory | No/No | No/No |
Receivables | No/No | No/No |
Payroll | No/No | No/No |
Training & Support |
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Training | - | - |
Support | Newsletter, Meetings, Toll-free phone line, Internet, Field operations/evaluations | - |
Marketing | Ad slicks, National media, Regional advertising | - |
Operations |
International franchisees required to buy multiple units/master licenses
Absentee ownership of franchise is NOT allowed. | - |
Expansion Plans |
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US Expansion | - | - |
Canada Expansion | No | No |
International Expansion | No | No |
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.
Imagine an opportunity where the only thing holding you back is drive
and know-how. What if your potential earnings were tied directly to hard
work and your business acumen? Homes & Land gives you the
opportunity to own a business that is diverse enough for you to find
your niche in the day-to-day, yet simple enough to operate with limited
manpower and low overhead that yields significant gains. Whether you are
a seasoned sales superstar, a marketing guru, or even an operations
mastermind this opportunity will give you the personal freedom to reach
your full potential.