-- International commercial real estate franchisor provided tools and network that led to an annual revenue of $3.4 million in just over four years
BOSTON, May 26, 2015 /PRNewswire/ -- Sperry Van Ness International Corporation (SVNIC), an international commercial real estate franchisor, announced today that Sperry Van Ness®-RICORE Investment Management, Inc. in Cincinnati, Ohio has tripled its firm size and increased revenue since joining the Sperry Van Ness (SVN) organization.
Prior to joining SVN®, John Rickert, Executive Managing Director/Principal of Sperry Van Ness-RICORE Investment Management, Inc., had a distinguished career in commercial real estate with a large public REIT and later went on to form his own independent property management firm. After years of growth, Rickert decided it was time to expand his firm by adding investment brokerage and leasing services. In order to maximize the revenue potential of his firm, Rickert needed a platform with national reach and credibility.
Rickert joined the SVN organization in July of 2010. At that time, his firm consisted of seven Advisors in property management and had a gross revenue of $1.2 million.
Utilizing the many SVN tools, Rickert began recruiting Advisors and expanding his brokerage and property management reach. He embraced the SVN culture of collaboration and generated additional business through working with other SVN offices throughout the country on multi-city assignments. Rickert later added a development and a construction management division as well as a maintenance division to his service offerings. Currently, his firm consists of nine Brokerage Advisors and 30 Advisors working in the property management area.
"With SVN, Sperry Van Ness-RICORE Investment Management, Inc. has the credibility of a highly respected, well recognized, international commercial real estate services firm," says Rickert. "The power and integrity of SVN's Core Covenants is a marketing advantage that becomes unstoppable when coupled with SVN's collaborative culture and state-of-the-art real estate marketing technology. I continue to be impressed with the integrity and professionalism of the SVN Advisors in all of our markets. It's the best business decision I have ever made."
In just four years Sperry Van Ness-RICORE Investment Management, Inc. tripled its size. The franchise finished 2014 with more than $1.4 million in brokerage revenue, starting from $0, and over $2.1 million in property management revenue.
SVNIC is the only international commercial real estate firm that markets all of its properties to a 100,000-member brokerage and investment community. Producing $8.1 billion in sales and leasing transactions in 2013, SVNIC shared commission fees with co-operating brokers approximately 80 percent of those transactions. Working with its own competitors to bring the highest bidder to the table allows SVN® Advisors to see gains from closing more deals in less time. Advisors also reap the benefits of the SVNIC cloud-based enterprise system and real-time data sharing.
About Sperry Van Ness International Corporation
Sperry Van Ness International Corporation (SVNIC), a commercial real estate brokerage franchisor is one of the industry's most recognized brands based on the annual Lipsey Top Brand Survey. With more than 180 locations in 200 markets, SVN® Commercial Real Estate Advisors provide sales, leasing, and property management services to more than 5,550 clients worldwide. All SVNIC offices are independently owned and operated. For more information, visit http://www.svn.com.
Sperry Van Ness franchises are available to qualified prospective franchisees, and only in certain regions or countries. Sperry Van Ness will not offer or sell a franchise unless the offering is registered (or exempt) or otherwise qualifies under local franchise or investment laws. This offer is not being directed to residents of the United States.
SOURCE Sperry Van Ness International Corporation