GMAC Home Services
Yes, we actively support the inclusion and development of minority-owned franchises in the GMAC Home Services system.
GMAC Home Services
2021 Spring Rd., # 300
Oak Brook, IL 60523
800#: (800) 274-7661
Tel:
Fax: (866) 432-4432
E-mail: franchise_development@gmachs.com
Web Site: www.gmacrealestate.com
Contact: Qualification Specialist,
GMAC HOME SERVICES is one of the nation's largest real estate organizations, delivering Premier Service to home buyers and sellers through its three operating companies - GMAC Real Estate, GHS Mortgage and GMAC Global Relocation Services. Backed by the resources of industry giant General Motors, the GMAC HOME SERVICES network has more than 1,300 franchised and owned residential real estate offices throughout the United States.
Franchisor Background
Established: 1998
First Franchise: 1998
Franchise Units: 1300
Company-Owned Units: 92
Total Units: 1392
Distribution:
> North America -- Operations in 50 States, 5 Provinces
> States/Provinces with Greatest Density: 114 in CA, 86 in FL, 83 in F
Units Owned by Minorities:
>African-American:
>Hispanic:
>Asian-American:
>Native American:
>Other:
Average Number of Employees: 4 FT (FT = Full Time, PT = Part Time)
Space Needs: 1,800 SF; NR
(for abbreviations click here)
Financial Requirements
Cash Investment: $NR
Total Investment: $NR
Average Total Investment: $-1K
Minimum Net Worth: $NR
Fees
>Franchise: $7.5-20K
>Average Franchise Fee: $13K
>Royalty: Varies
>Advertising: Varies
Provide Earning Claim Statement: No
Terms of Contract
Term of Contract (Years): 5/7/10
Passive Ownership: Allowed
Area Development Agreements:No
Sub-Franchising Contracts: No
Expand In Territory:No
Franchisor Support and Training Provided
Site Selection Assistance:No
Lease Negotiation Assistance: No
Cooperative Advertising: No
Franchisee Assoc. / Member: No
Size Of Corporate Staff: 45
On-Going Support: C,d,E,G,H,I (for an explanation click here)
Training: 1 Week Oak Brook, IL.
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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