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Updated RecentlyColdwell Banker vs 1st Class Real Estate Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Coldwell Banker vs 1st Class 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 | $23,500 - $70,100 | $14,420 - $209,475 |
| Franchise Fee | $13,000 - $25,000 | $5,000 - $25,000 |
| Royalty Fee | 6% | - |
| Advertising Fee | 2% | - |
| Year Founded | 1906 | 2012 |
| Year Franchised | 1982 | 2018 |
| Term Of Agreement | 10 years | - |
| Term Of Agreement | 10 years | - |
| Renewal Fee | Varies | - |
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/Yes | Yes/- |
| Start-up Costs | No/No | Yes/- |
| Equipment | No/Yes | -/Yes |
| Inventory | No/No | -/Yes |
| Receivables | No/No | -/Yes |
| Payroll | No/No | -/Yes |
Training & Support |
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| Training | Ongoing training at other locations & via the Internet | Classroom Training: 16 hours Additional Training: Virtual training |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations | Ongoing Support Newsletter Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Marketing | Ad slicks, National media, Regional advertising | Co-op Advertising Ad Templates Social media SEO Website development Email marketing Loyalty program/app |
| Operations |
27% of all franchisees own more than one unit
Absentee ownership of franchise is NOT allowed. | Number of Employees Required to Run: 3 |
Expansion Plans |
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| US Expansion | - | - |
| 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.
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#278 in Franchise 500 for 2021. Not in Franchise 500 for 2021.
About 1st Class Real Estate
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1st Class Real Estate is a full-service real estate company that desires to help YOU grow your business! Like everyone else we offer competitive splits & support; however, it is our culture that sets us apart from the rest! We’ve made it possible for you to grow your business with a team of individuals without breaking the bank!
The total investment necessary to begin operation of a 1st Class Real
Estate Full-Service Model is $55,870- $209,475.
This includes $25,950
that must be paid to the franchisor or affiliate.
The total investment necessary to begin operation of a 1st Class Real Estate Incubation Model is $14,420-$71,795.
The total investment necessary to begin operation of a 1st Class Real Estate Incubation Model is $14,420-$71,795.
This includes $5,950 that
must be paid to the franchisor or affiliate.
Seeking new franchise units in the following regions/states: Alaska, Alabama, Arkansas, Arizona, California, Colorado,
Connecticut, District of Columbia, Delaware, Florida, Georgia, Iowa,
Idaho, Illinois, Kansas, Kentucky, Louisiana, Massachusetts, Maine,
Minnesota, Missouri, Mississippi, Montana, Nebraska, North Carolina, New
Hampshire, New Jersey, New Mexico, Nevada, Ohio, Oklahoma, Oregon,
Pennsylvania, South Carolina, Tennessee, Texas, Virginia, Vermont,
Wisconsin, West Virginia and Wyoming