Coldwell Banker vs LakePlace.com Realty Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Coldwell Banker vs LakePlace.com Realty including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
Coldwell Banker Franchise
LakePlace.com Realty Franchise
Investment $23,500 - $70,100$16,000 - $114,900
Franchise Fee $13,000 - $25,000$10,000
Royalty Fee 6%10%
Advertising Fee 2%-
Year Founded 19062015
Year Franchised 19822015
Term Of Agreement 10 years-
Term Of Agreement 10 years-
Renewal Fee Varies-


Business Experience Requirements

 
Coldwell Banker Franchise
LakePlace.com Realty Franchise
Experience
  • Industry experience
  • -

    Financing Options

     
    Coldwell Banker Franchise
    LakePlace.com Realty Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees Yes/Yes-/-
    Start-up Costs No/No-/-
    Equipment No/Yes-/-
    Inventory No/No-/-
    Receivables No/No-/-
    Payroll No/No-/-

    Training & Support

     
    Coldwell Banker Franchise
    LakePlace.com Realty Franchise
    Training Ongoing training at other locations & via the Internet-
    Support Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations-
    Marketing Ad slicks, National media, Regional advertising-
    Operations 27% of all franchisees own more than one unit

    Absentee ownership of franchise is NOT allowed.

    -

    Expansion Plans

     
    Coldwell Banker Franchise
    LakePlace.com Realty Franchise
    US Expansion -Yes
    Canada Expansion No-
    International Expansion Yes-

    Company Overviews

    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

    #278 in Franchise 500 for 2021.   Not in Franchise 500 for 2021.


    About LakePlace.com Realty

    "LakePlacecom

    LakePlace.com® real estate brokerage businesses are full-service real estate brokerages that specialize in brokering the purchase,rental and sale of lake or other water-related properties through the LakePlace.com® web site.

    The total investment necessary to convert an existing real estate brokerage business to a LakePlace.com®Business is from $16,000 to $33,000.

    The total investment necessary to begin operation of a new LakePlace.com® Business is from $50,800 to $114,500.