ERA Franchise Systems
Yes, we actively support the inclusion and development of minority-owned franchises in the ERA Franchise Systems system.
ERA Franchise Systems
1 Campus Dr.
Parsippany, NJ 07054
800#: (800) 869-1260
Tel: (973) 428-9700
Fax: (973) 496-7354
E-mail: david.hardy@cendant.com
Web Site: www.era.com
Contact: Mr. David Hardy, SVP Business Development
A network of more than 2,840 offices and over 36,600 brokers and sales associates in the U. S. and 29 countries. As the innovator of the popular Sellers Security Plan and the ERA Answers Book, ERA has been developing quality products and services to members and consumers alike since 1971.
Franchisor Background
Established: 1971
First Franchise: 1971
Franchise Units: 2811
Company-Owned Units: 30
Total Units: 2841
Distribution:
> North America -- Operations in 50 States
> States/Provinces with Greatest Density: 124 in CA, 123 in FL, 68 NY
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: $42.7-205.9K
Average Total Investment: $124K
Minimum Net Worth: $25K
Fees
>Franchise: $12.5-20K
>Average Franchise Fee: $20K
>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: 1 Week in Parsippany, NJ; 3-4 Days 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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