ERA Franchise Systems LLC

ERA Franchise Systems LLC

Real estate
Units as of 2021
N/A Yearly Data not available
2021 Franchise 500 Rank
N/R Not ranked last year
Initial investment
$27K - $433K

Company Overview

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.

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About ERA Franchise Systems LLC

Industry
Services (Other)
Related Categories
Real Estate , Services (Other),
Founded
1971
Parent Company
Realogy Holdings Corp.
Leadership
Sherry Chris, President & CEO

Franchising Overview

Franchising Since
1972 (49 years)
# of employees at HQ
20
Where seeking
Franchisor is seeking new franchise units worldwide.

Franchisor Information

Corporate Address
175 Park Ave.
Madison, NJ 07940

Information for Franchisees

Here’s what you need to know if you’re interested in opening a ERA Franchise Systems LLC 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 - $432,550
Net Worth Requirement
$150,000
Cash Requirement
$75,000
Royalty Fee
6%
Ad Royalty Fee
0.5-1.5%
Term of Agreement
10 years
Is franchise term renewable?
No

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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 Franchise Systems LLC 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
11-12 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?
Yes
Can this franchise be run from home/mobile unit?
No
Can this franchise be run part time?
No
Are exclusive territories available?
No

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Franchise 500 Ranking History

Compare where ERA Franchise Systems LLC landed on this year’s Franchise 500 Ranking versus previous years.

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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: October 23rd, 2020
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