Coldwell Banker Real Estate LLC

Coldwell Banker Real Estate LLC

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Promoted Opportunities

Initial Investment

LOW: $52,470
HIGH: $493,550

Change in Units

Company Profile

Founded

1906

Franchising Since

1982 (35 Years)

Corporate Address

175 Park Ave. Madison, NJ 07940

CEO

Jim Gillespie

Parent Company

Sears Roebuck & Co.

About Coldwell Banker Real Estate LLC

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.

Financials

Financial Requirements

Initial Investment

$52,470 - $493,550

Net-worth Requirement

$150,000

Ongoing Fees

Initial Franchise Fee

$250,000

Ongoing Royalty Fee

6%

Ad Royalty Fee

2.5%

Financing Options

Coldwell Banker Real Estate LLC offers in-house financing to cover the following: franchise fee, startup costs

Units (Locations)

Where Seeking Franchisees:
Franchisor is seeking new franchise units in the following regions/states:
See List

Operations & Franchisor Support

Training Onsite: 1-2 days

Training at headquarters: 4 days

Additional Training: Ongoing training at other locations & via the Internet

Ongoing Support
Newsletter
Meetings
Toll-Free Line
Grand Opening
Internet
Field Operations

Marketing Support
Ad Slicks
National Media
Regional Media

Absentee Ownership Allowed

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Disclaimer

The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.

Updated: June 16th, 2014

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