Question 1

How much does it cost to open a Sotheby's International Realty franchise?

Accepted Answer

The total initial investment for a Sotheby's International Realty franchise ranges from $46K to $512K, according to the latest Franchise Disclosure Document (FDD).

Question 2

What is the Sotheby's International Realty franchise fee?

Accepted Answer

The initial franchise fee for Sotheby's International Realty is $25K.

Question 3

What are the net worth requirements for a Sotheby's International Realty franchise?

Accepted Answer

Sotheby's International Realty requires a minimum net worth of $150K and liquid capital of $75K.

Question 4

Does Sotheby's International Realty require a personal guarantee?

Accepted Answer

Yes, Sotheby's International Realty requires a personal guarantee from franchisees. A spousal guarantee is also required.

Question 5

What equipment and inventory costs are involved with a Sotheby's International Realty franchise?

Accepted Answer

Equipment costs for a Sotheby's International Realty franchise range from $5K to $10K.