ERA Real Estate
Real estate
- 2023 Franchise 500 Rank
-
#237 Ranked #388 last year
- Initial investment
-
$27K - $435K
- Units as of 2022
-
2,355 0.9% over 3 years
Founded in 1971 by Jim Jackson, ERA Real Estate entered the real estate market with a vision to transform it with the latest technology. Believing they are pioneers of tech in real estate, ERA Real Estate maximized the utility of the internet to optimize the quality of services for sales associates and consumers.
Customers may appreciate ERA Real Estate for its global connections that blend collaboration and partnership to efficiently make the purchase and selling decisions.
ERA Real Estate has been franchising since 1972 and has over 2,000 franchises all around the world.
Why You May Want to Start an ERA Real Estate Franchise
Over the past several decades, ERA Real Estate has provided buyers and sellers with professional assistance to guide their real estate decisions. With services such as custom home searches, home value estimates, and a modern real estate app, ERA Real Estate attempts to give customers power in their hands, any time, anywhere.
If you have a passion for the real estate industry and love helping individuals find places they can call home, then opening an ERA Real Estate franchise could be a good decision for you. Franchisees with ERA Real Estate are expected to take advantage of the brand's global connections to create real estate solutions that match customer needs.
ERA Real Estate believes that customers need all possible information to make the best decisions. It strives to put the customer's needs first, aiming to improve the quality of life through strategic and informed purchases.
What Might Make an ERA Real Estate Franchise a Good Choice?
ERA Real Estate is seeking to help individuals realize their independence and expand their influence in the real estate market. Franchisees will be expected to market listings, communicate with international clients, and close transactions. To be an ERA Real Estate professional, experience may be a good opportunity to succeed in the real estate industry.
To be part of the ERA Real Estate team, you should make sure you're financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include advertising fees and royalty fees. Franchisees will also need to meet the company's set net worth and liquid capital requirements.
How To Open an ERA Real Estate Franchise
Opening an ERA Real Estate franchise could offer a more predictable outcome than investing in a completely new brand that may struggle to thrive in an already crowded and competitive industry.
Before making any financial commitment or signing an agreement with ERA Real Estate, you must perform your due diligence and establish if this is the right opportunity for you. As part of your due diligence, you may want to speak to existing franchisees and ask the ERA Real Estate franchising team questions.
If awarded a franchise, franchisees may receive support from the ERA Real Estate brand throughout the franchising process. In addition to pre-opening training, franchisees receive support through brand awareness, marketing, and research. After their units have opened, franchisees may also receive hands-on training and continued support.
Company Overview
About ERA Real Estate
| Industry | Services (Other) |
|---|---|
| Related Categories | Real Estate |
| Founded | 1971 |
| Parent Company | Anywhere Real Estate Inc. |
| Leadership | Sherry Chris, President & CEO |
| Corporate Address |
175 Park Ave. Madison, NJ 07940 |
| Social | Facebook, Twitter, LinkedIn, Instagram |
Business Overview
| Franchising Since | 1972 (2023-1972 years) |
|---|---|
| # of employees at HQ | 36 |
| Where seeking |
This company is offering new franchisees throughout the US. This company is offering new franchisees worldwide. |
| # of Units | 2,355 (as of 2022) |
|
|
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Information for Franchisees
Here's what you need to know if you're interested in opening a ERA Real Estate franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
|
Initial Franchise Fee
|
$0 - $25,000 |
|---|---|
|
Initial Investment
|
$27,350 - $435,050 |
|
Net Worth Requirement
|
$150,000 |
|
Cash Requirement
|
$75,000 |
|
Veteran Incentives
|
Franchise fee reduced or waived; additional business benefits |
|
Royalty Fee
|
6% |
|
Ad Royalty Fee
|
0.5-1.5% |
|
Term of Agreement
|
10 years |
| Is franchise term renewable? | No |
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
| In-House Financing | ERA Real Estate offers in-house financing to cover the following: startup costs |
|---|
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
| Classroom Training | 25 hours |
|---|---|
| Ongoing Support |
Newsletter
Meetings & Conventions
Grand Opening
Online Support
Field Operations
Proprietary Software
Franchisee Intranet Platform
|
| Marketing Support |
Ad Templates
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
|
Operations
Additional details about running this franchise.
| Is absentee ownership allowed? | No |
|---|---|
|
Can this franchise be run from home/mobile unit?
|
No |
|
Can this franchise be run part time?
|
No |
|
Are exclusive territories available?
|
No |
Interested in ownership opportunities like ERA Real Estate? Request a free consultation with a Franchise Advisor now.
Franchise 500 Ranking History
Compare where ERA Real Estate landed on this year's Franchise 500 Ranking versus previous years.
Additional Rankings
Curious to know where ERA Real Estate ranked on other franchise lists? Find out below.
Ranked #237 in 2023
Entrepreneur’s 44th annual Franchise 500® ranking shines a light on the unique challenges and changes that have shaped the franchise industry over the last year—and how franchisors have adapted and evolved to meet them.
Ranked #85 in 2023
If you're interested in an opportunity with international appeal, start your search with our ranking of the top franchises seeking to expand outside the U.S.
Ranked #41 in 2023
Buying a franchise on a budget? No problem. Here are the top franchises that can be started for less than $150,000. For more low-cost opportunities, see our lists of franchises that can be started for less than $50,000 and less than $100,000.
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