Start-Up Costs and Fees |
||
| Red Carpet Real Estate | Realty Direct | |
| Investment | 36000 - 36000 | 39600 - 67700 |
| Franchise Fee | 0 | |
| Royalty Fee | 5% | 6% |
| Advertising Fee | 0.50% | 0.25% |
| Year Founded | 1966 | 2001 |
| Year Franchised | 1970 | 2003 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Red Carpet Real Estate | Realty Direct | |
| Experience | Industry experience General business experience Marketing skills | |
Financing Options |
||
| Red Carpet Real Estate | Realty Direct | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Red Carpet Real Estate | Realty Direct | |
| Training | Meetings Quarterly | |
| Support | Field Training Franchisee Newsletter Regional or National Meetings | Newsletter, Meetings, Toll-free phone line, Internet, Purchasing cooperatives |
| Marketing | Co-op advertising, National media | |
| Operations | Average Number of Employees: 5 Full-time, 0 Part-timePassive Ownership: Allowed, But Discouraged | Franchise can be run from home. 15% of all franchisees own more than one unit Number of employees needed to run franchised unit: 5 Absentee ownership of franchise is allowed. (75% of current franchisees are owner/operators) |
Expansion Plans |
||
| Red Carpet Real Estate | Realty Direct | |
| US Expansion | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming | Alaska, Alabama, Arkansas, Arizona, Colorado, Connecticut, Delaware, Florida, Georgia, Iowa, Idaho, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Missouri, Mississippi, Montana, Nebraska, North Carolina, New Hampshire, New Jersey, New Mexico, Nevada, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, Vermont, West Virginia, Wyoming, |
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Red Carpet Real Estate | |
| Realty Direct | |
| Franchise Fee | |
| Red Carpet Real Estate | |
| Realty Direct | |
| Royalty Fee | |
| Red Carpet Real Estate | 5% |
| Realty Direct | 6% |
| Advertising Fee | |
| Red Carpet Real Estate | 0.50% |
| Realty Direct | 0.25% |
| Year Founded | |
| Red Carpet Real Estate | 1966 |
| Realty Direct | 2001 |
| Year Franchised | |
| Red Carpet Real Estate | 1970 |
| Realty Direct | 2003 |
| Term Of Agreement | |
| Red Carpet Real Estate | 5 years +7or10 |
| Realty Direct | 6 years |
| Renewal Fee | |
| Red Carpet Real Estate | |
| Realty Direct | $2K |
Business Experience Requirements |
|
| Experience | |
| Red Carpet Real Estate | |
| Realty Direct | Industry experience General business experience Marketing skills |
Financing Options |
|
| Franchise Fees | |
| Red Carpet Real Estate | |
| Realty Direct | |
| Start-up Costs | |
| Red Carpet Real Estate | |
| Realty Direct | |
| Equipment | |
| Red Carpet Real Estate} | |
| Realty Direct | |
| Inventory | |
| Red Carpet Real Estate | |
| Realty Direct | |
| Receivables | |
| Red Carpet Real Estate | |
| Realty Direct | |
| Payroll | |
| Red Carpet Real Estate | |
| Realty Direct | |
Training & Support |
|
| Training | |
| Red Carpet Real Estate | Meetings Quarterly |
| Realty Direct | |
| Support | |
| Red Carpet Real Estate | Field Training Franchisee Newsletter Regional or National Meetings |
| Realty Direct | Newsletter, Meetings, Toll-free phone line, Internet, Purchasing cooperatives |
| Marketing | |
| Red Carpet Real Estate | |
| Realty Direct | Co-op advertising, National media |
| Operations | |
| Red Carpet Real Estate | Average Number of Employees: 5 Full-time, 0 Part-timePassive Ownership: Allowed, But Discouraged |
| Realty Direct | Franchise can be run from home. 15% of all franchisees own more than one unit Number of employees needed to run franchised unit: 5 Absentee ownership of franchise is allowed. (75% of current franchisees are owner/operators) |
Expansion Plans |
|
| US Expansion | |
| Red Carpet Real Estate | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| Realty Direct | Alaska, Alabama, Arkansas, Arizona, Colorado, Connecticut, Delaware, Florida, Georgia, Iowa, Idaho, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Missouri, Mississippi, Montana, Nebraska, North Carolina, New Hampshire, New Jersey, New Mexico, Nevada, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, Vermont, West Virginia, Wyoming, |
| Canada Expansion | |
| Red Carpet Real Estate | |
| Realty Direct | |
| International Expansion | |
| Red Carpet Real Estate | |
| Realty Direct | |