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Sperry Commercial Global Affiliates Franchise ProfileReal Estate Franchises > Commercial Brokerage |
How to Open a Sperry Commercial Global Affiliates Franchise?
To begin your journey as a franchisee with Sperry Commercial Global Affiliates, you first need to fill out a franchise application. Following this, you'll receive a franchise disclosure document (FDD) that outlines important details about the franchise, including fees and operational requirements. Once your application is approved, you will attend an initial orientation, which is critical for your understanding of the business. After completing the orientation successfully, you can proceed to secure a location for your Sperry Office, which must be approved by the franchisor.
What Are the Initial Costs Involved in a Sperry Franchise?
The initial franchise fee for a Sperry Commercial Global Affiliates franchise varies between $5,000 to $10,000, depending on the number of real estate brokers you plan to employ initially. Additional costs include expenses for office setup, leasehold improvements, and necessary technology, which can range from $14,800 to $181,500 in total initial investment. It's essential to budget for ongoing costs as well, including monthly royalties based on the number of agents you employ, which can significantly affect your cash flow in the early stages.
Why Choose a Sperry Commercial Global Affiliates Franchise?
Sperry Commercial Global Affiliates offers a robust framework for franchisees in the commercial real estate sector. The brand provides comprehensive training, ongoing support, and access to a network of experienced real estate professionals. By leveraging their established brand reputation and technology systems, franchisees can benefit from improved operational efficiency and marketing strategies. If you have a passion for real estate and a desire to operate under a recognized brand, this franchise could be a strong fit for your entrepreneurial goals.
Is a Sperry Franchise Right for You?
Owning a Sperry Commercial Global Affiliates franchise requires dedication to the commercial real estate industry and a commitment to recruiting and managing a team of agents. The business is competitive and demands compliance with various regulations, including obtaining necessary real estate licenses. If you're ready to invest time and resources into building a successful real estate office, and are willing to adhere to Sperry's operational standards, then this franchise could provide a rewarding business opportunity.
Sperry Commercial Global Affiliates Franchise Financial Requirements
Below, you’ll find an overview of the initial investment needed to launch the business, along with the ongoing fees required by the franchisor to maintain operations over time.
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Sperry Commercial Global Affiliates Franchise Unit Growth Summary
A breakdown of corporate, franchised, and total units, with yearly net changes shown in the chart and table.
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Units | 2021 | 2022 | 2023 |
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Total Units | 59 | 61 | 59 |
Net Change YoY | +2 | -2 | |
Franchised Units | 54 | 57 | 55 |
Net Change YoY | +3 | -2 | |
Corporate Units | 5 | 4 | 4 |
Net Change YoY | -1 | 0 |
Company Background
Sperry Commercial Global Affiliates is a franchise network specializing in full-service commercial real estate brokerage services. Founded to provide a comprehensive suite of services to buyers and sellers of commercial properties, the brand emphasizes a collaborative approach to real estate, leveraging the collective experience and resources of its franchisees. The franchise supports its members in navigating the complexities of the commercial real estate market, ensuring they are well-equipped to serve their clients effectively.
Franchise Opportunity
Investing in a Sperry Commercial Global Affiliates franchise offers entrepreneurs a unique chance to enter the commercial real estate sector with a well-established brand. The initial franchise fee ranges from $5,000 to $10,000, depending on the number of brokers and agents associated with the franchise. This investment grants access to a proven business model, comprehensive training, and ongoing support, making it an attractive option for individuals looking to build a successful brokerage.
Corporate Structure
Sperry Commercial Global Affiliates, LLC operates as a limited liability company, which provides a flexible structure for its franchisees. The organization maintains a network of franchise offices that operate under its brand, providing commercial real estate services. Each franchisee is required to employ at least one licensed real estate broker, ensuring a standard of professionalism and expertise across the network.
Royalties
Franchisees are required to pay a monthly royalty fee of $300 for each real estate broker or agent employed at their office. For those operating an Established Office XL, a flat monthly royalty of $5,000 applies for a combined minimum of 17 brokers and agents. Additionally, a royalty override of 2% on Gross Commission Income (GCI) exceeding $100,000 annually is applicable, aligning franchisee success with the franchisor's revenue.
Company Mission
The mission of Sperry Commercial Global Affiliates is to empower its franchisees to deliver exceptional commercial real estate services that meet the evolving needs of clients. They are committed to fostering an environment of collaboration and innovation, ensuring that franchisees have the tools and support necessary to thrive in a competitive market. The brand aims to set a standard of excellence in the industry through professional integrity and customer-focused service.
Brand Story
Sperry Commercial Global Affiliates was established to create a unique franchise model within the commercial real estate sector. With a focus on building strong relationships among franchisees and clients, the brand has grown its reputation by emphasizing education, technology, and local market knowledge. By integrating advanced tools and resources into its operations, Sperry Commercial Global Affiliates continues to evolve, maintaining relevance in a dynamic industry while supporting its franchisees in achieving their business goals.
Frequently Asked Questions
The initial franchise fee ranges from $5,000 to $10,000, depending on the number of real estate brokers and agents you plan to employ.