Red Carpet Real Estate
Yes, we actively support the inclusion and development of minority-owned franchises in the Red Carpet Real Estate system.
Red Carpet Real Estate
189 E. Big Beaver, # 209
Troy, MI 48083
800#: (800) 355-0744
Tel: (248) 680-7300
Fax: (248) 680-3014
E-mail: rckeim@aol.com
Web Site: www.redcarpetrealestate.com
Contact: Ms. Betty Main, Vice President
RED CARPET REAL ESTATE is one of the oldest franchise real estate sales organizations in the nation. Founded in 1966, RED CARPET has become a trusted household name for generations. We provide our members with the latest marketing tools and training available. At RED CARPET, our goal is complete client satisfaction.
Franchisor Background
Established: 1966
First Franchise: 1970
Franchise Units: 69
Company-Owned Units: 0
Total Units: 69
Distribution:
> North America -- Operations in 3 States
> States/Provinces with Greatest Density: 48 in MI, 20 in CA, 1 in TX
Units Owned by Minorities:
>African-American:
>Hispanic:
>Asian-American:
>Native American:
>Other:
Average Number of Employees: 5 FT (FT = Full Time, PT = Part Time)
Space Needs: NR SF; FS, SF, SC, RM
(for abbreviations click here)
Financial Requirements
Cash Investment: $9.5K
Total Investment: $Varies
Average Total Investment: $-1K
Minimum Net Worth: $10K
Fees
>Franchise: $9.5K
>Average Franchise Fee: $9K
>Royalty: 5%
>Advertising: .5%
Provide Earning Claim Statement: NR
Terms of Contract
Term of Contract (Years): 5/7/10
Passive Ownership: Discouraged
Area Development Agreements:Yes
Sub-Franchising Contracts: No
Expand In Territory:Yes
Franchisor Support and Training Provided
Site Selection Assistance:NA
Lease Negotiation Assistance: NA
Cooperative Advertising: NA
Franchisee Assoc. / Member: NR
Size Of Corporate Staff: 5
On-Going Support: D,G,H (for an explanation click here)
Training: Quarterly Meetings.
Specific Minority Program(s) in Place: We offer low cost start-up, 3-month deferrment of royalty fees, preferred vendors and the Red Carpet treatment. We want you to feel like part of our family.
Franchisor's Specific Expansion Plans
U.S.: All United States
Note: NR = No Response by Franchisor.
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