Coldwell Banker Franchise Opportunities
Coldwell Banker franchise represents the business that has been operating on the market for 110 years. The company provides full service real estate in 44 countries. Thus, Coldwell Banker real estate franchise opportunities are proven by many agents worldwide. Owning a Coldwell Banker franchise means gaining access to the resources, technology and brand recognition you need for a successful business. Familiarize yourself with the information about how to start one of Coldwell Banker real estate franchises for sale. It includes cost and profit ratio, royalty fees, Coldwell Banker franchise requirements, and other investment information.
How to open a Coldwell Banker franchise?
- Ensure you have adequate capitalization.
In order to open a Coldwell Banker real estate franchise, you must have a net worth of more than $150,000. - Appreciate the investment required for a real estate franchise.
You will need to consider the cost of equipment and signs, 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 Coldwell Banker franchise owner. - Assess market availability.
You will want to look at the market availability for Coldwell Banker 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 Coldwell Banker 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 Coldwell Banker 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 Coldwell Banker franchise cost?
Coldwell Banker has the franchise fee of up to $25,000, with a total initial investment range of $28,300 to $433,800.
Initial Investment: $28,300 - $433,800
Net-worth Requirement: $150,000
Liquid Cash Requirement: $1,500,000
Ongoing Fees
Initial Franchise Fee: $25,000
Ongoing Royalty Fee: 5%
Ad Royalty Fee: 3%
Initial Investment and Startup Costs
| Name of Fee | Low | High |
|---|---|---|
| Initial Franchise Fee | $0 | $25,000 |
| Leasehold Improvements | $0 | $105,000 |
| Building Signs | $700 | $20,000 |
| Yard Signs | $1,900 | $5,000 |
| Open House Signs | $800 | $1,250 |
| Miscellaneous Rider Signs | $100 | $300 |
| Name Badges | $150 | $750 |
| Miscellaneous | $250 | $500 |
| Printed Materials | $5,100 | $7,500 |
| Other Advertising (local)/Grand Opening Promotion | $0 | $10,000 |
| Insurance | $500 | $2,500 |
| Legal Expenses | $0 | $4,000 |
| Coldwell Banker Connect - Travel Expenses and Costs | $800 | $2,700 |
| Travel | $0 | $10,000 |
| Multiple Listing Services | $0 | $2,000 |
| Computer Equipment for Electronic Data System | $5,000 | $10,000 |
| Additional Funds (first 3 months after opening) | $15,000 | $40,000 |
| ESTIMATED TOTAL (not including real estate) | $28,300 | $246,500 |
| Name of Fee | Low | High |
|---|---|---|
| Initial Franchise Fee | $0 | $25,000 |
| Leasehold Improvements | $0 | $105,000 |
| Building Signs | $700 | $20,000 |
| Yard Signs | $1,900 | $5,000 |
| Open House Signs | $800 | $1,250 |
| Miscellaneous Rider Signs | $100 | $300 |
| Name Badges | $150 | $750 |
| Miscellaneous | $250 | $500 |
| Printed Materials | $5,100 | $7,500 |
| Other Advertising (local)/Grand Opening Promotion | $0 | $10,000 |
| Insurance | $500 | $2,500 |
| Legal Expenses | $0 | $4,000 |
| Coldwell Banker Connect - Travel Expenses and Costs | $800 | $2,700 |
| Website | $0 | $10,000 |
| Multiple Listing Services | $0 | $2,000 |
| Computer Equipment for Electronic Data System | $5,000 | $10,000 |
| Facility and Space Planning | $9,000 | $17,500 |
| Furnishings and Communications Equipment | $27,000 | $87,500 |
| Security and Other Deposits | $7,500 | $17,700 |
| Prepaid Business Expenses | $3,000 | $4,600 |
| Additional Funds (first 3 months after opening) | $50,000 | $100,000 |
| ESTIMATED TOTAL (not including real estate) | $111,800 | $433,800 |
Coldwell Banker Franchise Info: https://www.coldwellbanker.com/franchising
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Starting investments from:$28,300
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Company type:Service
- Company foundation year:1906
- Franchise enterprises:3,200
- Corporate Address:Madison, New Jersey
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