Crye*Leike Franchises Ranked No. 18 Largest Tenn. Franchisor

Nashville, Tenn.-Crye*Leike Franchises, Inc., the real estate franchisor of Crye-Leike, the nation’s 10th largest real estate company and the largest in Tennessee and the Mid-South, was ranked the 18th largest headquartered franchisor in Tennessee.

The ranking of Tennessee’s largest headquartered franchisors was compiled by the Nashville Business Journal of Nashville, Tenn. Crye*Leike Franchises’ ranking was based on securing 14 franchises in 2003. To date, an additional six Crye-Leike franchises have been added to its franchise system.

The Top 25 list of largest Tennessee-headquartered franchises included a diverse array of business types from Service Master Clean, that specializes in residential and commercial cleaning and ranked No. 1 with 4,296 franchise units in Tenn., to Lotusea Franchising Group, Inc., that specializes in corporate wellness programs and ranked No. 25 with a mere three franchise units in Tennessee. The Buyer’s Agent, a residential real estate franchisor, was the only other real estate business that led in the ranks, listed at No. 14, with 50 franchise units in Tenn.

“The level of national interest in our franchising program has increased drastically since we began our franchise operations in 1999,” said Kevin Joiner, Crye-Leike’s vice president of national franchise sales & development. Crye*Leike Franchises has experienced a 156 percent increase in franchise sales over the past two years, he said.

“Crye-Leike’s franchise Web site (http://franchises.crye-leike.com) has attracted inquiries from Florida to California,” said Joiner. “Investors are looking at other options in today’s market and real estate franchising is a viable alternative.”

Crye-Leike (www.crye-leike.com), a full service real estate company for 27 years, is the nation’s 10th largest real estate company and the largest serving Tennessee and the Mid-South. It has a network of over 3,000 sales associates and 75 branch and franchise offices located in 39 counties throughout a six-state southern region in Tennessee, Arkansas, Mississippi, Georgia, Kentucky and Florida. Crye-Leike attained sales of $3.66 billion and 24,953 closed transaction sides corporate wide in 2003.

Crye*Leike Franchises Inc., (franchises.crye-leike.com ), is the franchisor of Crye-Leike, focusing its marketing efforts on establishing franchise territories in smaller populated areas where it would not normally open a company office because of market size and location. Crye*Leike Franchises provides comprehensive training, management, administrative and marketing support for the Crye-Leike franchise system. Crye*Leike Franchises is comprised of 18 independently owned and operated franchise brokers in 17 counties and five territories in the United States: Tennessee, Arkansas, Mississippi, Kentucky and Florida, with future plans to expand into other contiguous states.