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Entrepreneur: Start & Grow Your Business

ERA Franchise Systems LLC

Real estate

Background

Founded: 1971 Franchising since: 1972
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.
1 Campus Dr.
Parsippany, New jersey 07054
Phone:
(800)869-1260


Franchise Growth
Year U.S. Franchises Canadian Franchises Foreign Franchises Company Owned
2009 863 0 1797 15
2008 -- -- -- --
2007 1,189 0 1,741 29
2006 1,234 0 1,704 0
2005 1,102 0 1,625 30

Where Seeking Franchisees
In the U.S. California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, North dakota, Oregon, Rhode island, South dakota, Virginia, Washington, Wisconsin
Worldwide

Costs and Fees

Total investment: $42.7K-205.9K
Franchise fee: to $25K
Ongoing royalty fee: 6%
Term of agreement: 10 years


Type of Financing Available
In-House Third Party
Franchise Fee Yes No
Startup Costs Yes No
Equipment Yes Yes
Inventory No No
Accounts Receivable No No
Payroll No No

Qualifications
Net worth requirement: $75K
Business Experience:
  • Industry experience
  • General business experience


Training and Support

Training
  • Available at headquarters: 1 week
  • At franchisee's location: 1 week

Ongoing Support
  • Newsletter
  • Meetings
  • Toll-free phone line
  • Internet
  • Field operations/evaluations

Marketing Support
  • Ad slicks
  • National media
  • Regional advertising

Rankings

Franchise 500® rank:
#43 (2008); #33 (2006); #41 (2005);

Fastest-Growing Franchises:
#22 (2006);

America's Top Global Franchises:
#30 (2008); #18 (2006); #19 (2005);