ERA FDD – Franchise Information, Costs and Fees
Type of Business
The franchise is for a real estate brokerage offering with defined real estate brokerage services from a specified location under the name ERA®.
Corporate Information
ERA Franchise Systems LLC is a Delaware limited liability company, originally incorporated on January 31 1996, and converted to a limited liability company on July 2, 2007. They are a direct wholly owned subsidiary of Realogy Services Group LLC. Their principal business address is 175 Park Avenue, Madison, New Jersey 07940. They have been offering franchises for ERA® real estate sales offices since March 1996.
Investment
The total investment necessary to begin operation of an ERA® franchise is approximately $27,350 to $247,750 for a conversion real estate office, and $108,850 to $435,050 for a start-up real estate office. This includes $0 to $25,000 that must be paid to the franchisor or its affiliate. The initial franchise fee for a residential franchise is $25,000 for the first office, $5,000 for each additional office.
