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For information about franchising with Crye-Leike
call toll-free at 866-603-2470 or email
franchises@crye-leike.com |
Company History Quick Facts
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- Crye-Leike, Realtors was established in 1977 in Memphis, TN. by Harold Crye
and Dick Leike, becoming the largest firm in Memphis within three years.
- Regional operations expanded in 1992 into the Middle Tennessee real estate
market. (Nashville), becoming the largest real estate firm in Nashville in
one year.
- In 1993, Crye-Leike surpassed the $1 billion mark over a one- year period at
$1.01 billion in sales volume.
- In 1997, expanded regional operations into East Tennessee within the Greater
Chattanooga area. Within four years, Crye-Leike became the No. 1 market leader
in the number of closed transactions, with agent growth and sales volume more
than tripling.
- In 1998, Crye-Leike surpassed the $2 billion mark over a one- year period at
$2.5 billion in sales volume.
- In 1999, Crye-Leike reached the $3 billion milestone over a one-year period at
$3.02 billion in sales volume, ranking it as the 10th largest real estate company
in the nation.
- In 1999, expanded regional operations in East Tennessee by opening a branch
office in Johnson City and a second office in Arkansas (Jonesboro).
- In 2000, expanded offices into Georgia, Ft. Oglethorpe, along with its third
branch office in Mississippi, Hernando.
- In 2002, Crye-Leike celebrated its 25th anniversary in business and posted a
record performance of $3.17 billion in year-end sales volume company wide, the
highest ever in company history. In 2002, it also expanded into Kentucky and
Florida with three Crye-Leike franchises; established its fourth regional
headquarters in Little Rock, Arkansas; and enhanced the Crye-Leike Web site which
increased traffic to the site ten-fold, averaging over 5 million hits a month and
100,000 unique visitors a month.
- In 2004, Crye-Leike retained its No. 10 national ranking among the nation's largest
and most successful residential brokerage firms. The ranking was based on 2003
sales, a position the company also held in 1999. Year-end sales in 2003 disclosed
that Crye-Leike had its best year in the history of the company at $3.66 billion in
sales volume, handling 24,953 closed transaction sides.
- In 2004, Crye-Leike, Inc. in Memphis, TN, one of four Crye-Leike regional hub
offices, is ranked No. 28 among 100 of the largest private companies in Memphis.
It was also ranked No. 23 among the faster growing top 100 private companies in Memphis.
Additionally, Crye-Leike, Inc. in Memphis ranked No. 21 among the largest 100 employers
in Memphis. Arkansas Business ranked Crye-Leike of Arkansas, Inc. the 4th largest real
estate firm in Arkansas in 2003.
- In 2004, Crye-Leike was ranked by Business Tennessee magazine in August 2004 among
the Top 100 Private Companies in Tennessee. Its $127 million in revenue in 2003 ranked
Crye-Leike the 80th largest private company in Tennessee.
- In 2005, Crye-Leike entered its seventh market region, Alabama, through establishing
a franchise office there. Crye-Leike of Arkansas moved in ranking from No. 4 to No. 2
as the 2nd largest real estate firm in Arkansas as ranked by Arkansas Business magazine.
Crye-Leike became a registered service mark of Crye-Leike, Inc. on Sept. 6, 2005,
federally registered & protected by the U.S. Patent & Trademark Office.
- In 2006, Crye-Leike had its best year ever reaching $6.1 Billion in sales, a 9% increase
over the year before. Crye-Leike is the 4th largest real estate company in the nation
and #1 in Tennessee, Arkansas and the Mid-south.
- In 2007, Crye-Leike saw it's 3rd best sales years on record with $5.7 Billion in volume
and more than 32,500 units. Despite a housing market slow-down, the company continued
in its quest to grow and gain more market share in its newest markets of Little Rock and
Northwest Arkansas and Atlanta, Georgia.
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The Crye-Leike Story:
The First 15 Years...
Crye-Leike, Realtors was established in January 1977 in Memphis, Tennessee by Harold Crye and Dick Leike. Crye-Leike became the largest firm in Memphis within three years. 15 years later saw the company's first expansion beyong the Memphis region. Harold and Dick set their sights on Middle Tennessee. In 1992 they launched a second hub office in Nashville to tap into the Greater Middle Tennessee real estate market. Within one year, Crye-Leike became the largest real estate firm in the region.
Milestone: $1 Billion in Sales in 1993
In 1993 Crye-Leike achieved a milestone that it's founders would have never imagined 17 years earlier. That's the year the company reached the "$1-billion in sales mark" and the momentum it seems hasn't let up since. Five years later in 1998 Crye-Leike surpassed the $2 billion mark over a one-year period with $2.5 billion in sales volume and one year later, gross sales topped the $3 billion mark at $3.02 billion. The year was 1999 and Crye-Leike was declared the 10th largest real estate company in the nation.
Expanding Operations....
During the late 1990's in 1997, Crye-Leike established its third Regional Hub office in Chattanooga, Tennessee. Within four years, Crye-Leike became Chattanooga's No. 1 market leader in the number of closed transactions, with agent growth and sales volume more than tripling. Crye-Leike expanded its regional presence in East Tennessee by opening an office in Johnson City in 1999. In 2000, Crye-Leike opened its first Georgia office.
In January 2002, Crye-Leike celebrated its 25th anniversary in business. At year-end, the company posted a record sales performance of $3.17 billion in year-end sales volume company wide, the highest ever in company history.
The company's fourth regional hub office was established in Little Rock, Arkansas in May 2002, a move that has almost tripled Crye-Leike's real estate sales in Arkansas, since establishing a Jonesboro office in 1999.
In 2005 Crye-Leike established a presence in Atlanta by opening a real estate sales office in Alpharetta, Georgia. In 2006 Mississippi operations grew to cover the Jackson metro area with the opening of the Ridgeland office. Also in 2006 Crye-Leike established a regional headquarters in Northwest Arkansas. Throughout 2006 and 2007 several more offices were added throughout these areas.
Crye-Leike has consistently experienced an escalating rate of growth in sales since the company's early beginnings of reaching $19.4 million in the first year. Sales grew 415.8 percent during the first 10 years of business. That percentage of growth has steadily climbed over the past 15 years between 103 percent and 145 percent, averaging 118.6 percent.
Expanding through Franchising...
Crye-Leike, Realtors began franchising operations in 1999. Crye*Leike Franchises Inc 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 over 28 independently owned and operated franchise offices.
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For information about opening or starting a real estate franchise with Crye-Leike, Franchises Inc.:
Toll-Free: 866-603-2470 or
Email: franchises@crye-leike.com
Rob Hatchett, President of National Franchise Sales & Development,
rob.hatchett@crye-leike.com
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Nothing on this web site should be regarded as an offer to sell a Crye*Leike
real estate franchise to the residents of any jurisdiction in which the real estate
franchise must be registered before it is offered and sold. Nor are contents of this site
otherwise directed to residents of such jurisdictions. No Crye*Leike real estate
franchise will be sold in any such jurisdiction until the offering has been exempted from
the jurisdiction's requirements, or until the offering has been registered and
the required Uniform Franchise Offering Circular has been delivered to the
prospective real estate franchisee, in compliance with applicable law.
Crye-Leike, Franchises Inc.
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