Sea Glass Properties
Sea Glass Properties franchises offer real estate services including property sales and purchases. Known for its operations in the Caribbean, it provides a range of investment opportunities from $34,000 to $273,000. Operates in the real estate industry.
Sea Glass Properties franchise FAQ
How much does it cost to open one — the total initial investment?
The total initial investment to begin operation ranges from $34,000 to $273,000. This includes a mandatory payment of $10,000 - $50,000 to the franchisor or affiliate [p.1].
What is the initial franchise fee?
The initial franchise fee ranges between $10,000 and $50,000 and is determined based on factors such as market size, historical sales volume, whether the franchisee is established or a startup, and overall business profile. This fee is fully earned upon signing the franchise agreement and is non-refundable [p.13].
What are the ongoing royalty and advertising fees?
The ongoing royalty fee typically ranges between 4-6% of sales, though this can vary based on specific factors affecting your franchise [p.16]. Additionally, you must pay an annual National Advertising and Development Fund Fee of $3,750, which will be used for various forms of advertising without a requirement to spend it locally or regionally [p.24].
How long is the initial franchise agreement, and can I renew it?
The initial franchise agreement typically has a 10-year term [p.131, p.142, p.151], and you have the opportunity to enter into renewal terms subject to certain conditions [p.131, p.142, p.151].
Can I sell or transfer my franchise, and what does that require?
According to the FDD, a sale or transfer of the franchised business generally requires compliance with Section 19.4 [p.82]. This section outlines specific conditions under which the terms for transferring ownership may be different, particularly if the transferee is a family member. Otherwise, good cause must be provided by the franchisor to refuse such a transfer, including reasons related to qualifications, competition, written agreement compliance, and payment defaults [p.5].
On what grounds can the franchisor terminate the agreement?
The franchisor can terminate the agreement on various grounds including insolvency, abandonment, material misrepresentation, legal violation persisting 10 days after notice, repeated breaches, judgment, criminal conviction, failure to pay monies owed to the franchisor more than 5 days past due, and imminent danger to public health or safety. Additionally, the franchisor can terminate upon written notice and a 60-day opportunity to cure for any breach of the Franchise Agreement [p.162]. Immediate termination is also possible on grounds such as mutual agreement to terminate [p.176].
What financial requirements — net worth and liquid capital — do I need to qualify?
This isn't specified in the excerpts.
Do I get an exclusive or protected territory?
You will receive a protected area within your territory where the franchisor promises not to establish any other company-owned or franchised outlets selling the same or similar goods or services under the same or similar trademarks or service marks. However, this protection does not provide an exclusive territory as you may still face competition from other franchisees, company-owned outlets, or other channels of distribution [p.28, p.56].
What training and ongoing support does the franchisor provide?
The franchisor provides an initial training program before operations commence [p.26], covering key areas as detailed in a provided table [p.27]. This initial training is free but requires the franchisee to cover travel and living expenses for attendees [p.26]. Ongoing support includes the option for additional training at $500 per person per day, either at their location or theirs, with costs for travel and incidentals included [p.26]. The franchisor also reserves the right to terminate the agreement if the initial training is not completed satisfactorily [p.27].
How many franchised outlets are there, and how many have closed or been terminated?
As of December 31, 2025, CCRE Group, LLC (Virgin Islands) had 0 franchised outlets, and CCRE Group, LLC (Florida) had 2 franchised outlets. The document does not specify the number of closed or terminated outlets, but it does provide a list [p.106] of circumstances under which a franchise might be terminated, and [p.157] lists contacts for those who have left the franchise system recently.
Does the franchisor share any financial performance or earnings information?
The franchisor does not make representations about future financial performance or past financial performance of company-owned or franchised outlets, nor do they authorize their employees or representatives to do so [p.39]. However, if you are purchasing an existing outlet, the franchisor may provide actual records of that outlet's performance [p.39]. Any other financial performance information or projections should be reported to the franchisor’s management for verification [p.39].
What am I restricted to selling, and where must I buy supplies?
You are restricted to selling all the services and products specified by the franchisor. You may not sell any unauthorized services or products, and you must discontinue offering any that the franchisor disapproves of [p.32]. Additionally, you may have to buy or lease items from the franchisor or a limited group of suppliers they designate; these items might be more expensive than those available elsewhere [p.3].