Coldwell Banker Franchise
Thursday, May 13, 2010 at 05:58PM Real estate agency
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.
Start-up Costs & Franchises Fees
What is the total cost to open a Coldwell Banker Franchises?
Total Cost: $23,500-$70,100
Total Franchise Fees: $13,000 USD -$25,000 USD
Ongoing Royalty Fees: 6%
Ongoing Advertising Fees: 2%
Term of Agreement: 10 years
Franchise Agreement Renewal Fee: Varies
Contact Information for Coldwell Banker
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Coldwell Banker Real Estate Corp. |
Phone Number: (973)428-9700 |
Coldwell Banker In the Press
No results at this time.Historical Expansion
In what year did Coldwell Banker begin operations? 1906
When did Coldwell Banker begin selling franchises? 1982
Year United States Canada International Corporate 2005 2295 218 256 883 2004 2190 211 194 891 2003 2196 213 146 861 2002 2909 215 35 0 2001 2780 215 44 0
Future Expansion
Countries of Interest:
Franchise Financing Information
Cost In House Financing Available? 3rd Party Financing Available? Franchise Fee Yes Yes Initial Start-up Capital No No Plant, Property, and Equipment No Yes Inventory No No Accounts Receivable No No Payroll No No
Training & Support
Training
Ongoing training at other locations & via the Internet
Support
In the Pressletter, Meetings, Toll free phone number, Grand opening support, Internet referrals, Field support and site evaluation
Marketing
Ad slicks, National media, Regional advertising support
Franchise Operation Restrictions
27% of all franchise business owners own more than one franchise location.
Absentee ownership of this franchise business is not available to new franchisees.
Qualifications & Business Experience
Business Experience:
Industry experience
Franchise Analyzer Professional's Inside Information
Can you buy this franchise for no money down? YesPlease note: You must download a free copy of Franchise Analyzer Professional to receive these benefits and so much more. Click here to download your FREE copy now.
What key terms in the franchise agreement can be negotiated? Cross-default provisions, arbitration clause, personal guarantee, default cure periods, non-compete agreement, favorable valuations for corporate buyout
Can you negotiate lower royalties during start-up? Yes
Can you purchase multiple franchises for a discounted franchise fee? Yes
Can you receive lower advertising fees? Yes
Will I know when the franchise break even? Yes
Will my personal assets including my home be safe in case my franchise business fails? Yes