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Real Estate Company Franchise
Location Bulgaria
Asking Price Range $500K - $1.0M
Gross Revenues $100000
Net Profit / Cash Flow $20000
Cash Flow Type EBITDA
Seller Finance No
Year Established 2006
Number of Employees 35 - 49
Inventory 200000
Relocatable Yes
Number of Employees 35 - 49
Real Estate Owned
Training Full supprt and training
Description 1. History
In April, 2007 ''Vek Dvadeset I Edno '' Ltd. opened its first franchise office in Sofia, which was the beginning of operations of the CENTURY 21 Master Franchise in Bulgaria.
2. Franchise
CENTURY 21 is the largest real estate company in the world with more than 8,400 offices in over 72 countries. In most countries where CENTURY 21 is present and operating, it is the largest and most recognized brand.
CENTURY 21 is also the most recognized brand in the world.
3. Development
By October, 2011 CENTURY 21 Bulgaria has opened 10 franchise offices located in the major cities of Bulgaria. Out of them, 5 offices are in Sofia, 1 in Plovdiv, 1 in Yambol, 1 in Varna, 1 in Sunny Beach and 1 in Burgas. Currently CENTURY 21 Bulgaria is in the first top 5 companies by number of offices, in the first TOP 3 of franchise
4. Technology
CENTURY 21 Bulgaria has developed an unique Intranet system, which gives full rights to monitor the performance of each of their offices and brokers. The system includes:
- Five levels of access
- CRM (Customer Relationship Management) program, which allows brokers to follow up their customers by date, property and last contact
- PEP (Productivity Enhancement Program) program, which allows the franchise owners to follow the productivity of their brokers, and thus enabling them to increase the productivity of their office through specific trainings.
- System to upload listings with photos and video
- Online Trainings
- Online Documents
5. Training
CENTURY 21 Bulgaria, has the best trainings in the franchise and real estate industry. CENTURY 21 LLC is the only real estate company, which is presently listed in the ''Training TOP 125'' magazine, which lists the companies with the best trainings in their segment.
6. Advertisement
CENTURY 21 Bulgaria is one of the few companies that has had a constant and uninterrupted advertising presence in the specialized real estate medias.
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