Rank no. 371 – Keller Williams Realty – US
Products & Services: Real estate
Number of Locations: 687
Total Investment: $179.64K – 332.69K
Began Franchising: 1987
About Keller Williams Realty
As two young real estate agents working for what was then the largest real estate company in Austin, Texas, Gary Keller and Joe Williams believed that a company should work for its employees rather than the other way around. So the two men joined forces to found Keller Williams Realty in 1983. Four years later the partners began franchising. With offices throughout the country, Keller Williams encourages agents to recruit others into the company through profit-sharing.
Startup Costs, Ongoing Fees and Financing
Franchise Fee: $30,000
Ongoing Royalty Fee: to 6%
Term of Franchise Agreement: 5 years, renewable
Liquid Cash Available: $150,000
30% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 3 – 4. Absentee ownership of franchise is allowed. (85% of current franchisees are owner/operators).