RE/MAX International Inc., based in the Denver Tech Center, has been ranked as one of the largest franchise chains in the the world.
RE/MAX, founded by Dave and Gail Liniger in Denver in 1973, was ranked No. 12 in the Franchise Times Top 200 list. It ranked above all other real estate competitors,putting it in the company of household names such as McDonald’s, 7-Eleven and Marriott Hotels.
“The RE/MAX Network continues to grow because we offer so much value to our franchise owners,” says Margaret Kelly, CEO of RE/MAX International. “Global brand recognition, the industry’s most extensive educational resources, and all the support our offices need to be productive and successful. We like to tell our owners, that at RE/MAX, you’re in business for yourself, but not by yourself.”
Franchise Times, a trade publication, said that RE/MAX had $7,500 million in worldwide sales, 3,745 domestic units, 2,807 for a total of 6,522 units and is 100 percent franchised. McDonald’s, the No. 1 franchise, had $70,693 million in worldwide sales; 13,918 domestic units, 18,049 international units, for a total of 31,967 units. Eighty percent of the McDonald’s are franchised.
The nearest real estate competitor to RE/MAX was Coldwell Banker, which came in at 17.
RE/MAX as ranked as being larger than Taco Bell, Blockbuster, Holiday Inn Hotels & Resorts, Sheraton, Dunkin’ Donuts, and Domino’s Pizza.
Since the beginning of 2009, nine countries have joined the RE/MAX Network and RE/MAX International has sold nearly 400 franchises worldwide. RE/MAX has an international presence in more than 70 countries, more than any of its competitors.
The Franchise Times honor is the second time this year that RE/MAX has been recognized in the franchise community. In January, RE/MAX was the highest ranked real estate franchise in Entrepreneur Magazine’s 30th Annual “Franchise 500 Survey,” a tribute the company has received in nine out of the last ten years.
RE/MAX has also been recognized as one of the “Top 25 Franchise Opportunities” by Hispanic Enterprise, and one of the “Top 50 Franchises for Minorities” by the National Minority Franchising Initiative.
And, in 2009, for the third year in a row, RE/MAX was ranked on the list of America’s “Top 10 Military Spouse-Friendly Employers,” according to Military Spouse Magazine.
The Franchise Times Top 200 is an annual financial snapshot of the 200 most successful U.S.-based franchise companies as measured by worldwide sales. The complete list of honorees appears in the October issue of Franchise Times.
Contact John Rebchook at JRCHOOK@gmail.com or 303-945-6865.
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Franchising business is good but some franchise needs some cold hard capital to start with.-..