Coldwell Banker Real Estate
Yes, we actively support the inclusion and development of minority-owned franchises in the Coldwell Banker Real Estate system.
Coldwell Banker Real Estate
1 Campus Dr.
Parsippany, NJ 07054
800#:
Tel: (973) 359-5757
Fax: (973) 359-5908
E-mail: david.hardy@cendant.com
Web Site: www.coldwellbanker.com
Contact: Mr. David Hardy, SVP Business Development
For 99 years, the COLDWELL BANKER (TM) organization has been the premiere provider of full-service real estate. With more than 3,600 independently and company owned and operated residential real estate offices with approximately 120,000 sales associates globally, the company is an industry leader.
Franchisor Background
Established: 1981
First Franchise: 1981
Franchise Units: 2600
Company-Owned Units: 900
Total Units: 3500
Distribution:
> North America -- Operations in 50 States, DC
> States/Provinces with Greatest Density: 380 in CA, 255 in FL, 159 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: $23.5-477.3K
Average Total Investment: $250K
Minimum Net Worth: $25K
Fees
>Franchise: $NR
>Average Franchise Fee: $-1K
>Royalty: 6%
>Advertising: 2.5%
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
Size Of Corporate Staff: 100
On-Going Support: A,C,D,E,G,H,I (for an explanation click here)
Training: 4 Days in Parsippany, NJ; 1-2 Days On-Site; Varies via Internet.
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.
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