Royal LePage Real Estate Brokers Meeting July 2004 - PowerPoint PPT Presentation

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Royal LePage Real Estate Brokers Meeting July 2004

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  1. Royal LePage Real EstateBrokers MeetingJuly 2004

  2. Summary of CanadianReal Estate Franchising ActivityJanuary 1 – June 30 2004 Source: Real Estate Magazine (REM)

  3. Re-Flagging, M&A’s • 0 New Franchises • Lost 1 Franchise to ReMax – Broker Peter Mueller- 31 Agents in Scarborough • Master Franchisor Completed a Going-Private Initiative

  4. Re-Flagging, M&A’s Cont… • Mississauga, Ontario • Added 3 Sales Associates, • Broker Ann Huynh • Lost 3 offices -Royal LePage, Prudential & Coldwell Banker

  5. Re-Flagging, M&A’s Cont… • Prince George, British Columbia • Broker Sid Doucette • 8 Sales Associates • Formerly Century 21

  6. Re-Flagging, M&A’s Cont… • 1 New Office in Edmonton, Alberta • Added 8 Sales Associates • Emailed letter to offices “We are actively searching for a Broker(s) /Partner(s) in the Brantford, Cambridge and London areas. We would like to determine your current status and future interest. If you are Broker certified, and in a position to consider owning / managing a potentially fantastic real estate franchise, we would like to hear from you. Please reply so that we may record your interest. “

  7. Re-Flagging, M&A’s Cont… • Parksville British Columbia (Vancouver Island) • Added 8 Sales Associates (announcement 14) • Brokers Wayne Drumbell & Howard Story • Formerly Homelife • Lost 2 offices- Royal LePage & GMAC

  8. Re-Flagging, M&A’s Cont… • Greenwood Nova Scotia, • Added 8 Sales Associates • Broker Ron Fleming • Formerly Coldwell Banker

  9. Re-Flagging, M&A’s Cont… • Halifax Nova Scotia, • Added 9 Sales Associates • Broker Francis MacDonald & Davis Sala • Start-up

  10. Re-Flagging, M&A’s Cont… • Scarborough, Ontario • Acquired 31 Sales Associates and a new location • Broker Frank Colatosti • Total 6 office’s Toronto Area • Formerly Sutton • ReMax lost 2 offices – Royal LePage

  11. Re-Flagging, M&A’s Cont… • Woodbridge, Ontario • Added 1 Sales Associate • Broker Rajendra Sagar • Formerly Independent • Lost 1 Office - Independent

  12. Re-Flagging, M&A’s Cont… • Toronto, Ontario • Added 9 Sales Associates • Broker Vivendra Srivastava • Start-up

  13. Re-Flagging, M&A’s Cont… • Kelowna, British Columbia • Added 2 Sales Associates • Brokers Ken & Grant Weibe • Start-up

  14. Re-Flagging, M&A’s Cont… • Penticton British Columbia • Added 4 Sales Associates • Broker Bill Binfet • Start-up

  15. Re-Flagging, M&A’s Cont… • Kamloops, British Columbia • Added 7 Sales Associates • Broker Craig McIntyre • Start-up

  16. Re-Flagging, M&A’s Cont… • Edmonton, Alberta • Added 6 Sales Associates • Broker Tom Stratton • Start-up

  17. Re-Flagging, M&A’s Cont… • Grand Falls, Newfoundland • Added 2 Sales Associates • Broker Colin Power • Start-up

  18. Re-Flagging, M&A’s Cont… • Calgary, Alberta • Added 41 Sales Associates (75 Listings 2003 Per IMS) • Broker Tim Crough • Formerly Independent Toole Peet

  19. Re-Flagging, M&A’s Cont… • Steinbach, Manitoba • Added 17 Sales Associates • Broker Bob Schinkel • Formerly Homelife

  20. Re-Flagging, M&A’s Cont… • Red Deer, Alberta • Added 5 Sales Associates • Broker Darryl Sim • Formerly Independent

  21. Re-Flagging, M&A’s Cont… • Charlottetown, Prince Edward Island • Added 14 Sales Associates • Brokers Jim Matheson & Blair Fraser • Start-up

  22. Re-Flagging, M&A’s Cont… • Toronto, Ontario • Added 40 Sales Associates • Broker Jim Sturino • Formerly Coldwell Banker

  23. Re-Flagging, M&A’s Cont… • Fernie, British Columbia • Added 7 Sales Associates • Broker Candace Grey • Formerly Homelife • # 1 Market Share

  24. Re-Flagging, M&A’s Cont… • Bancroft, Ontario • Added 7 Sales Associates • Broker Sharon White • Formerly Independent

  25. Re-Flagging, M&A’s Cont… • Nakusp & Revelstoke British Columbia • Added 6 Sales Associates • Broker Ken Marshall • Formerly Independent

  26. Re-Flagging, M&A’s Cont… • Jasper, Alberta • Added 1 Sales Associate • Broker Richard Potter • Formerly ReMax • # 1 Market Share

  27. Re-Flagging, M&A’s Cont… • Campbellton New Brunswick • Added 5 Sales Associates • Broker Dudley Clark • # 1 Market Share

  28. Re-Flagging, M&A’s Cont… • Sherbrooke, Quebec • Added 4 Sales Associates • Broker Jean-Francois Toutant • Formerly ReMax

  29. No announcements in REM • 9 Offices in Canada • 297 sales associates

  30. Summary of Agents Added Y-T-D By Franchise System (Without Trans-Action)

  31. Conversion update:Le Groupe Trans-Action

  32. Le Groupe Trans-Action on acquisition day • Quebec franchisor founded 20 years ago • 3 owners : • Marcel Imbeault (still Executive vice president of Le Groupe Trans-Action) • Jean Limoges (RLP Limoges) • Pierre Tanguay (RLP Multi-Services) • 360 agents in 53 franchises • 75 locations • Gross revenue of 23.8 millions for 2002

  33. Exposure to many new markets • Montreal region: Ahuntsic, Villeray/Rosemont, Repentigny/Le Gardeur, Verdun, Pierrefonds, Mercier, Rivière-des-Prairies • North Shore: Rosemère, Mont-Laurier • South shore: St-Basile-le-Grand, St-Hyacinthe, Mont St-Hilaire, St-Denis, Farnham • Other: Joliette, Rivière-du-Loup, Charlevoix, Beauce

  34. Following acquisition day • Dominic St-Pierre (Director of franchise services for the Quebec region) and Marcel Imbeault (Executive Vice President of Le Groupe Trans-Action) visited every TA offices. • 3 options were presented to them: • Become a RLP franchisee • Remain with TA • Merge with one of our existing franchisee

  35. Offices who converted to RLP

  36. Offices who converted to RLP

  37. Offices who signed a letter of intent

  38. Offices who have not committed

  39. Offices who left TA

  40. Summary • 22 new franchises with 31 locations • 3 mergers • Converted 239 agents • Hired a net amount of 36 agents since converted • RLP exposure in 17 new markets • 19 agents in 4 offices are committed to convert

  41. Summary of Agents Added Y-T-D By Franchise System (With Trans-Action)

  42. Grapevine