Century 21 Franchise Opportunities
Being launched in 1972, Century 21 franchise has already approximately 6,900 independently operated franchised broker offices. Century 21 real estate franchise provides favorable opportunities for its franchisees due to a proven franchise concept and a worldwide recognition of the brand. Owning a Century 21 franchise means running your business smoothly with consistent assistance of the franchisor. How to open a Century 21 franchise? Learn the franchise investment information including fees and requirements, match cost and profit, and apply for one of Century 21 franchises for sale in your region.
How to open a Century 21 franchise?
- Ensure you have adequate capitalization.
In order to open a Century 21 real estate franchise, you must have a net worth of more than $100,000. - Appreciate the investment required for a real estate franchise.
You will need to consider the costs of licenses and permits, the cost of insurance, etc. - Evaluate your prior experience and strengths.
You should thoroughly evaluate your prior business experience before applying to become a Century 21 franchise owner. - Assess market availability.
You will want to look at the market availability for Century 21 franchises and see if there are available markets in your location of interest before proceeding with the franchising application. - Submit your application.
Your application will be reviewed by the Century 21 franchise team. You will be emailed a confirmation receipt upon reception of your online application, where we will additionally provide the contact details of the franchise owner. - Receive approval & opening your Century 21 franchise.
You will receive franchise approval once your financial and background checks are completed. Approval will only be given to candidates who meet all the requirements of franchise owners.
How much does Century 21 franchise cost?
Century 21 has the franchise fee of up to $25,000, with a total initial investment range of $24,700 to $451,350.
Initial Investment: $24,700 - $451,350
Net-worth Requirement: $100,000
Ongoing Fees
Initial Franchise Fee: $25,000
Ongoing Royalty Fee: 6%
Ad Royalty Fee: 1.5%
Initial Investment and Startup Costs
| Name of Fee | Low | High |
|---|---|---|
| Initial Franchise Fee | $0 | $25,000 |
| Real Estate and Improvements | Not included in total | |
| Leasehold Improvements | $0 | $105,000 |
| Computer Equipment and Electronic Data System | $5,000 | $10,000 |
| Signs - Exterior | $800 | $20,000 |
| Signs - Yard, Open House and Rides | $2,000 | $5,000 |
| Name Badges (approx. 7 to 70) | $150 | $750 |
| Miscellaneous | $250 | $500 |
| Other Advertising - 3 Months (Not required) | $0 | $10,000 |
| Legal Expenses | $0 | $4,000 |
| Office Supplies | $1,000 | $7,500 |
| Website | $0 | $30,000 |
| Multiple Listing Services | $0 | $2,000 |
| International Management Academy (IMA) | $0 | $1,800 |
| Insurance Deposits and Premiums | $500 | $2,500 |
| Additional Funds (3 Months) | $15,000 | $40,000 |
| ESTIMATED TOTAL FOR CONVERSION OFFICE | $24,700 | $264,050 |
| Additional Fees for Start-Up Office | ||
| Facility and Space Planning | $9,000 | $17,500 |
| Security and Other Deposits | $7,500 | $17,700 |
| Furnishings and Communications Equipment | $27,000 | $87,500 |
| Prepaid Business Expenses | $3,000 | $4,600 |
| Additional Funds - First 3 months after opening | $35,000 | $60,000 |
| ESTIMATED TOTAL FOR A START-UP OFFICE | $106,200 | $451,350 |
Century 21 Franchise Info: https://www.century21.com/about-us/franchise
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Starting investments from:$24,700
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Company type:Service
- Company foundation year:1971
- Year of launching the franchise:1972
- Franchise enterprises:9,600
- Corporate Address:Madison, New Jersey