Sotheby's International Realty is a luxury real estate brokerage franchise requiring significant qualifications including operation in markets where median home sales price is 1.5x the US average and meeting specific performance guidelines. The franchise offers a 10-year term with no renewal rights and no territorial protection. Investment ranges from $46K-$512K depending on conversion vs startup. The system has 666 franchised units with minimal growth and several pending class action lawsuits. No financial performance data is provided in Item 19.
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Total startup costs, working capital, and financial requirements
Training, marketing support, technology, and operational assistance
Royalty, marketing, technology, and other ongoing fees
Revenue data, P&L estimates, and financial projections
Lawsuits, disputes, and legal risk assessment
Territory rights, term length, non-compete, and transfer rules
82 legal provisions scored on a franchisee-friendliness scale
Unit growth trends, exit rates, and system trajectory
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