Century 21 Real Estate
Yes, we actively support the inclusion and development of minority-owned franchises in the Century 21 Real Estate system.
Century 21 Real Estate
1 Campus Dr.
Parsippany, NJ 07054
800#: (877) 221-2765
Tel: (973) 428-9700
Fax: (973) 496-5806
E-mail: brien.mcmahon@cendant.com
Web Site: www.century21.com
Contact: Mr. Brien McMahon, EVP Franchise Sales
With more than 143,000 broker and sales associates worldwide, the CENTURY 21 ® system is the world's largest residential real estate organization, providing comprehensive training, management, administrative and marketing support for its members.
Franchisor Background
Established: 1972
First Franchise: 1972
Franchise Units: 7680
Company-Owned Units: 0
Total Units: 7680
Distribution:
> North America -- Operations in 50 States, DC
> States/Provinces with Greatest Density: 546 in CA, 383 in FL, 268 TX
Units Owned by Minorities:
>African-American: N/A
>Hispanic: N/A
>Asian-American: N/A
>Native American: N/A
>Other:
Average Number of Employees: Varies (FT = Full Time, PT = Part Time)
Space Needs: 1,000 SF; FS, SF, SC
(for abbreviations click here)
Financial Requirements
Cash Investment: $NR
Total Investment: $11.6-522.4K
Average Total Investment: $267K
Minimum Net Worth: $25K
Fees
>Franchise: $NR
>Average Franchise Fee: $-1K
>Royalty: 6%
>Advertising: 2%
Provide Earning Claim Statement: No
Terms of Contract
Term of Contract (Years): 10
Passive Ownership: Not Allowed
Area Development Agreements:No
Sub-Franchising Contracts: No
Expand In Territory:Yes
Franchisor Support and Training Provided
Site Selection Assistance:No
Lease Negotiation Assistance: No
Cooperative Advertising: Yes
Franchisee Assoc. / Member: Yes/Yes
Size Of Corporate Staff: NR
On-Going Support: A,C,D,E,G,H,I (for an explanation click here)
Training: 5 Days in Parsippany, NJ; 3-7 Sessions on Telephone; 1 Day On-Site.
Specific Minority Program(s) in Place: Although we strongly support the objectives of the NMFI, we do not yet have any specific programs in place at this time.
Franchisor's Specific Expansion Plans
U.S.: All United States
Note: NR = No Response by Franchisor.
For a sample questionnaire click here.
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