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Updated RecentlyERA Franchise Systems LLC vs Sotheby's International Realty Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of ERA Franchise Systems LLC vs Sotheby's International Realty 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 | $40,650 - $472,800 |
| Franchise Fee | $25,000 | $25,000 |
| Royalty Fee | 6% of gross revenue | - |
| Advertising Fee | 2% ($362.00 minimum/$1,259 maximum for Main Office and $362.00 minimum/$895.00 maximum for Branch) | - |
| Year Founded | 1971 | 2004 |
| Year Franchised | 1972 | 2007 |
| 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 | - | Yes |
| Canada Expansion | 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 Sotheby's International Realty
!["Sothebys]("https://fddexchange.com/wp-content/uploads/2019/01/Sothebys-International-Realty-Affiliates-300x154.png")
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!["Inspire"]("https://img.gtsstatic.net/reno/imagereader.aspx?imageurl=https%3A%2F%2Fbeta.sothebysrealty.com%2Fresources%2Fsiteresources%2Fmy%20folder%2Fhugeimages%2FInspire.png&option=N&permitphotoenlargement=false&w=640")
Dedicated to renewing the luxury real estate industry, Sotheby's International
Realty offers born-again experiences through a global network of atypical agents.
The total investment necessary to begin operation of a Sotheby's International
Realty franchise is approximately $40,650 to $285,500 for
a conversion real estate office, and $122,150 to $472,800 for a
start-up real estate office. This includes $$0 to $25,000 that must be
paid to the franchisor or an affiliate as an initial franchise fee. The
initial franchise fee for a residential franchise is $25,000 for the
first Branch Office, $12,500 for the second Branch Office and $7,500 for
each additional Branch Office.