ERA Franchise Systems LLC vs REALean Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of ERA Franchise Systems LLC vs REALean including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
ERA Franchise Systems LLC Franchise
REALean Franchise
Investment $27,350 - $432,550$24,710 - $40,220
Franchise Fee $25,000$19,900
Royalty Fee 6% of gross revenue2.5%
Advertising Fee 2% ($362.00 minimum/$1,259 maximum for Main Office and $362.00 minimum/$895.00 maximum for Branch)-
Year Founded 19712012
Year Franchised 19722017
Term Of Agreement 10 years-
Term Of Agreement 10 years-
Renewal Fee --


Business Experience Requirements
 
ERA Franchise Systems LLC Franchise
REALean Franchise
Experience
  • Industry experience
  • General business experience
    		• -

    Financing Options
     
    ERA Franchise Systems LLC Franchise
    REALean Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees Yes/No-/Yes
    Start-up Costs Yes/No-/Yes
    Equipment No/No-/Yes
    Inventory No/No-/Yes
    Receivables No/No-/Yes
    Payroll No/No-/Yes

    Training & Support
     
    ERA Franchise Systems LLC Franchise
    REALean Franchise
    Training - Classroom Training: 12 hours
    Support Newsletter, Meetings, Toll-free phone line, Internet, Field operations/evaluations Ongoing Support Purchasing Co-ops Newsletter Meetings/Conventions Grand Opening Security/Safety Procedures Site Selection
    Marketing Ad slicks, National media, Regional advertising Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing
    Operations International franchisees required to buy multiple units/master licenses

    Absentee ownership of franchise is NOT allowed.

    		-

    Expansion Plans
     
    ERA Franchise Systems LLC Franchise
    REALean Franchise
    US Expansion -Yes
    Canada Expansion No-
    International Expansion NoYes

    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 REALean

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    REALean offers franchises to qualified individuals and entities to own and operate a REALean real estate brokerage featuring their innovative commission structures.
    REALean: the next generation real estate brokerage franchise.
    Full service REAL estate with Lean costs to home sellers.
    4% listing fees, 3% if there is not a buyer's agent.