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Sotheby's International Realty Affiliates LLC
Real estate brokerage for luxury homes
Sotheby's International Realty -- founded in 1976 as the real estate services arm of renowned auction house, Sotheby's -- has high-end appeal. From beach front villas in Morocco to châteaus in the Swiss Alps, the company brokers the sale and lease of luxury properties (most over $1 million) in 40 states and more than 30 other countries worldwide. Its network includes company-owned offices in certain key markets and franchised affiliations in most other markets. In 2004, NRT Incorporated, a subsidiary of Realogy , purchased the firm from Sotheby's for $100 million; the purchase agreement included provisions for NRT to continue using the venerable Sotheby's name for a licensing fee.
2011 AllStar Rank: Not Ranked
2010 AllStar Rank: 277
2009 AllStar Rank: Not Ranked
2010 AllStar Rank: 277
2009 AllStar Rank: Not Ranked
AllStar Franchise
AllStar Rank:
98
See All AllStar Franchises
Sotheby's International Realty Affiliates LLC
2 Campus Drive
Parsippany, NJ 07054
973-407-5886
Fast Facts
| Year established | 1976 |
| Franchising since | 2004 |
| Can be run from home? | No |
| Number of employees needed | 10 |
| Item 19 Financial Performance Representation? | No |
| Multiple units must be purchased in U.S. | No |
| Multiple units must be purchased outside U.S. | No |
| % of franchisees who own multiple units | 44% |
| Absentee ownership allowed? | Yes |
Franchise Unit Growth Rate
| Year | U.S. Franchises |
Non-U.S. Franchises |
Company-Owned Locations |
| 2011 | 327 | 199 | 32 |
| 2010 | 321 | 210 | 32 |
| 2009 | 287 | 183 | 35 |
Expanding in These Locations
United States, Worldwide
Costs
| Total Investment | $63,550 - $197,000 |
| Franchise Fee | $25,000 |
| Royalty Fee | 6% |
Financial Requirements
| Net Worth | $150,000 |
| Liquid Capital |
Franchisee Qualifications
Brokerage experience
Strong net worth
Financing
| Does franchisor offer financing? | Yes |
| Is franchisor on the SBA's Franchise Registry? | No |
| Is franchisor a member of the IFA's VetFran program? | No |
AllStar Franchise
AllStar Rank:
98
See All AllStar Franchises
Sotheby's International Realty Affiliates LLC
2 Campus Drive
Parsippany, NJ 07054
973-407-5886
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Sotheby's International Realty Affiliates, LLC
Sotheby's International Realty -- founded in 1976 as the real estate services arm of renowned auction house, Sotheby's -- has high-end appeal. From beach front villas in Morocco to châteaus in the Swiss Alps, the company brokers the sale and lease of luxury properties (most over $1 million) in 40 ...
| Company Type: | Subsidiary |
| Employees: | 135 |
| Executives: | Michael R. Good, President and CEOPhilip A. White Jr., COOSue Skidmore, SVP, Operations |
| Sales: | $3,600,000 |
| Industries: | Residential Real Estate Brokerage |
| See More Industries | |
| Top Competitors: | HomeServicesThe Prudential Real Estate AffiliatesRE/MAX |
AllStar Franchise
AllStar Rank:
98
See All AllStar Franchises
Sotheby's International Realty Affiliates LLC
2 Campus Drive
Parsippany, NJ 07054
973-407-5886
