- 2024 Franchise 500 Rank
-
#160 Ranked #125 last year
- Initial investment
-
$25K - $459K
- Units as of 2023
-
12,911 12.9% over 3 years
Since its founding in 1971, Century 21 Real Estate has worked to help independent people accomplish great things. The company has over 11,000 units worldwide, with more than 1,900 units in the United States alone.
Century 21 Real Estate helps franchisees become licensed real estate agents so that they can, in turn, help people buy and sell homes. What started as a unique company plan has become more common as other entities have followed suit in running a real estate business. Shortly before reaching its 50-year mark, the company rebranded as it sought to stay modern and continue defying mediocrity.
Why You May Want to Start a Century 21 Real Estate Franchise
Many people dream of owning a home, yet they tend to dread the idea of real estate markets and agents. The mission of Century 21 Real Estate is to "defy mediocrity and deliver extraordinary experiences." Franchisees may have the possibility of helping people find homes they will love while removing the dread that often comes with buying or selling a home.
Century 21 Real Estate has been ranked in Entrepreneur's Franchise 500 based on an evaluation of more than 150 data points in the areas of costs and fees, size and growth, franchisee support, brand strength, and financial strength and stability.
The company looks for relentless go-getters who are ready to make things happen. With lots of training and support, franchisees may have access to a myriad of development tools. However, it takes the initiative of franchisees who want to learn and grow for these resources to be of any value.
What Might Make a Century 21 Real Estate Franchise a Good Choice?
If you love real estate and strive for excellence, this could be a great franchise opportunity. Century 21 Real Estate has worked hard to push above mediocrity, and their franchisees should do the same rather than settle for average. Franchisees must become licensed real estate agents and be ready to learn new skills and adapt to changing technology and society.
To be part of the Century 21 Real Estate team, you should make sure you're financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include advertising fees and royalty fees. Franchisees will also need to meet the company's set net worth and liquid capital requirements.
How To Open a Century 21 Real Estate Franchise
Century 21 Real Estate helps and supports franchisees in many ways, including with advertising, social media, and customer relationships. They work hard to keep technologies exciting and relevant to current markets.
As you decide if opening a Century 21 Real Estate franchise is the right move for you, make sure you take time to explore the opportunity. Research the brand and your local area to see if a Century 21 Real Estate franchise would do well in your community. While competition is healthy, too much of it may not allow for the most possible growth.
Company Overview
About Century 21 Real Estate
| Industry | Services (Other) |
|---|---|
| Related Categories | Real Estate |
| Founded | 1971 |
| Parent Company | Anywhere Real Estate Inc. |
| Leadership | Mike Miedler, President & CEO |
| Corporate Address |
175 Park Ave. Madison, NJ 07940 |
| Social | Facebook, Twitter, LinkedIn, Instagram, YouTube |
Business Overview
| Franchising Since | 1972 (52 years) |
|---|---|
| # of employees at HQ | 87 |
| Where seeking |
This company is offering new franchises throughout the US. This company is offering new franchises worldwide. |
| # of Units | 12,911 (as of 2023) |
|
|
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Century 21 Real Estate franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
|
Initial Franchise Fee
|
$0 - $25,000 |
|---|---|
|
Initial Investment
|
$24,700 - $459,250 |
|
Net Worth Requirement
|
$150,000 |
|
Cash Requirement
|
$75,000 |
|
Veteran Incentives
|
Franchise fee waived or reduced; startup funding of $25,000 |
|
Royalty Fee
|
6% |
|
Ad Royalty Fee
|
0.5% |
|
Term of Agreement
|
10 years |
| Is franchise term renewable? | No |
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
| In-House Financing | Century 21 Real Estate offers in-house financing to cover the following: startup costs |
|---|---|
| Third Party Financing | Century 21 Real Estate has relationships with third-party sources which offer financing to cover the following: startup costs |
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
| Classroom Training | 34 hours |
|---|---|
| Ongoing Support |
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Field Operations
Proprietary Software
Franchisee Intranet Platform
|
| Marketing Support |
Ad Templates
National Media
Social Media
SEO
Website Development
Email Marketing
|
Operations
Additional details about running this franchise.
| Is absentee ownership allowed? | No |
|---|---|
|
Can this franchise be run from home/mobile unit?
|
No |
|
Can this franchise be run part time?
|
No |
|
Are exclusive territories available?
|
Yes |
Franchise 500 Ranking History
Compare where Century 21 Real Estate landed on this year's Franchise 500 Ranking versus previous years.
Additional Rankings
Curious to know where Century 21 Real Estate ranked on other franchise lists? Find out below.
Sign Up for Our Franchise Newsletter
Stay up to date on the latest news and trends affecting the franchise industry.
Related Franchises
Are you eager to see what else is out there? Browse franchises that are similar to Century 21 Real Estate.
UPS Store, The
- description
- Shipping, packing, mailboxes, printing, faxing, shredding, notary services
Intelligent Office
- description
- Physical and virtual office space for mobile executives and small businesses
Related Franchise Content
Catch up on the latest franchise news, trends, and more.
Transform Your Business and Maximize Profits by Focusing on This Customer Retention Factor
The traditional method of judging success — ever-growing year-over-year sales increases — is antiquated. What matters more is Guest Lifetime Value, the amount of repeat business from loyal customers who visit more often and order more with no additional cost to the franchisee.
McDonald's' Response to Inflation? A $5 Meal Deal — Here's Everything to Know About It.
The announcement of the $5 deal comes as stubborn inflation squeezes consumers, who have demanded the fast food giant offer more value.
From Celebrity Endorsements to Boozy Beverages — 20 Incredible Dunkin' Facts That Will Surprise You
Spoiler alert: America isn't the only country that runs on Dunkin'.
McDonald's Is Venturing Into an Unlikely Industry With a New Diversity Initiative
The fast-food giant is addressing the lack of Black designers in the fashion industry, where Black creatives make up just over 7% of designers — despite having set trends for decades.
Make a Real Difference in Your Community with a Huntington Franchise
For nearly 50 years, Huntington Learning Center's mission-driven approach has positively impacted over one million students. Huntington's commitment is to its students and to the families they serve enables them to make a meaningful difference across the country.
California's Fast-Food Minimum Wage Hike Is Already Impacting Franchises. Here's What a New Study Revealed.
Several chains have raised their prices — or closed locations — in response to the wage increase, which has now led to a noticeable decline in foot traffic.