Franchise Opportunities

Re/max India

Category: Real Estate
Area Req: 600 sqft
No. of Franchise Outlets : 155+ in India
Investment: Rs. 5lac - Rs. 10lac

 

Business Details

RE/MAX is the world's No.1 Real Estate Franchise with presence in 85 Countries across the World. RE/MAX India was formed based on the deficiencies of the real estate industry.



Mission Statement: To be India’s largest and most respected Real Estate Brokerage Franchising Company in next five years.



Vision



•Service every town and city within India with equal passion to enhance customer delight.

•To ensure that each Sales Agent, each Franchise Office, each Regional Franchisee and each Institutional Franchisee whether owned or independent is profitable, positive, passionate and proactive.

•Develop premium quality real estate franchise system, providing sustained value to end users and community.

•Be recognized and respected as a Leader of Innovation and Sustainability in the region.

•Be respected in the market as the benchmark for relevant innovation and responsibility, adding sustained and measurable value to shareholders, Franchises buyers, end users and the community.



RE/MAX Franchise



A RE/MAX Franchise Office is a one stop realty shop through which consumers can buy/sell real estate locally, nationally & globally and also find Financial & Legal Assistance under one roof.

RE/MAX works on a maximum commission model in which 90% of the commission is earned at the Franchisee-Agent level.



Franchisees can earn up to 45% of the brokerage commission, share 45% with the agent at their office and only 10% goes to the RE/MAX Master Regional Franchisee, RE/MAX India and RE/MAX International.

For e.g. If a customer buys a flat worth Rs.50 Lac from a RE/MAX Franchise Office and the market brokerage rate is 2%, out of this 2% brokerage, the franchisee could earn 45% meaning – Rs.45,000 on just a single transaction!



Ideally, every RE/MAX Office should have 10-20 agents who would chip in the office expenses by paying a nominal desk fee.



The role of the franchisee is primarily administrative and is to ensure complete support to his agents who would work in the RE/MAX network; taking advantage of our Training, Technology and world renowned brand. Each RE/MAX office is independently owned and operated.

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RE/MAX India Investment Details

Date Commenced Operations : 2009
Date Commenced Frachising / Distribution : 2009
Are you looking for Franchise?
Unit
Area Investment Franchise/Brand Fee Royalty/Commission
Store Wise Rs. 5lac - Rs. 10lac
What areas are available for Unit franchise? : Nationwide
Where are you looking for expansion?
North New Delhi, Haryana, Himachal Pradesh, Jammu and Kashmir, Punjab, Uttaranchal, Uttar Pardesh
West Gujarat, Rajasthan, Maharashtra, Goa
East Assam, Meghalaya, Mizoram, Tripura, Arunachal Pradesh, Manipur, Nagaland, West Bengal, Sikkim
South Kerala, Karnataka, Orissa, Tamil Nadu, Andhra Pardesh
Center Chhattisgarh, Madhya Pradesh, Bihar, Jharkhand
Union Territories Pondicherry, Chandigarh, Lakshadweep, Daman and Diu
Is there exclusive territorial rightsgiven to a unit franchise? : No
Are any performance guarantees given to unit franchisees? : No
What is the anticipated percentage return on investment? : Depends on the Number and Value of Transactions
What is the likely pay back period of capital for a unit franchise? : 1
Are there other investment requirements? : Depends

RE/MAX India Property Details

What type of property is required for this franchise opportunity? : Preferably Commercial
Floor area requirement : 600 sqft . (1 Sq Meter = 10.76 Sq Ft.)
Preferred location of unit franchised outlet:? : Prime Location would attract more footfalls

RE/MAX India Training Details

Do you currently have detailed Operating Manuals for franchisees? : Yes
Where is the franchisee training done? : RE/MAX India HQ - Gurgaon
Is field assistance available for franchisees? : No
Will someone from Head Office assist me when I open my franchise? : Yes
What IT systems do you presently have that will be included in the franchise? : Yes

RE/MAX India Other Details

Do you have a standard Franchise Agreement? : Yes
How long is the franchise term for? : 5
Is the term renewable? : Yes

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