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Below is an in-depth analysis and side-by-side comparison of ERA Franchise Systems LLC vs Green Key Real Estate 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 | N/A |
Franchise Fee | $25,000 | $9,800 |
Royalty Fee | 6% of gross revenue | 4% |
Advertising Fee | 2% ($362.00 minimum/$1,259 maximum for Main Office and $362.00 minimum/$895.00 maximum for Branch) | - |
Year Founded | 1971 | - |
Year Franchised | 1972 | - |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | - | - |
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 | -/- |
Start-up Costs | Yes/No | -/- |
Equipment | No/No | -/- |
Inventory | No/No | -/- |
Receivables | No/No | -/- |
Payroll | 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 | - |
International Expansion | 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.
NO LONGER FRANCHISING
Observing that immaculate home is as essential to Green Key Real Estate specialists as it is to you. Together, we will skillfully explore the frequently complex universe of the private land showcase.
What makes us one of a kind and ideal for you is that our dedication comes to a long ways past the normal land purchasing process.
Why purchase with Green Key picture
The depiction variant of our land administrations goes something like this, our Green Key specialists:
Help you secure pre-endorsement for a credit with an aggressive bank (on the off chance that you as of now have a loan specialist, incredible).
Work with you to build up pursuit criteria/needs/wishes for your home.
Give you itemized postings, and organize property visits.
See potential properties with you, assessing the home or venture property from an individual and an esteem point of view.
Make a practically identical market examination of the property inside its neighborhood, with like-kind properties.
Structure and arrange a triumphant offer on your preferred home.
Manage you through the whole escrow handle, from examinations, coordination with your moneylender and escrow officer, encourage arrangement to get you the best arrangement, to at last, giving you the keys.
But then we give a lot moreā¦