Start-Up Costs and Fees |
||
| Elliott & Company Appraisers | Weichert Real Estate | |
| Investment | 3700 - 18900 | 62500 - 324700 |
| Franchise Fee | 0 | 0 |
| Royalty Fee | 8-18% | 6% |
| Advertising Fee | 2% | |
| Year Founded | 1980 | 1969 |
| Year Franchised | 1993 | 2000 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Elliott & Company Appraisers | Weichert Real Estate | |
| Experience | ||
Financing Options |
||
| Elliott & Company Appraisers | Weichert Real Estate | |
| Franchise Fees | No | No |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| Elliott & Company Appraisers | Weichert Real Estate | |
| Training | State required continuing education every year | Classroom Training: 28.25 hours Additional Training: Annual conference; quarterly workshops (local) |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Field Operations Proprietary Software Franchisee Intranet Platform |
| Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | Co-op Advertising National Media Regional Advertising Social media Email marketing |
| Operations | Franchise can be run from home. 0% of all franchisees own more than one unit Number of employees needed to run franchised unit: 1 - 2 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | 10% of all franchisees own more than one unit Number of employees needed to run franchised unit: 5 Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
||
| Elliott & Company Appraisers | Weichert Real Estate | |
| US Expansion | Alaska, Alabama, Arkansas, Arizona, Colorado, Connecticut, Delaware, Florida, Georgia, Idaho, Kansas, Kentucky, Louisiana, Massachusetts, Maine, Missouri, Mississippi, Montana, Nebraska, North Carolina, New Hampshire, New Jersey, New Mexico, Ohio, Oklahoma, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, Vermont, West Virginia, Wyoming, | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Elliott & Company Appraisers | |
| Weichert Real Estate | |
| Franchise Fee | |
| Elliott & Company Appraisers | |
| Weichert Real Estate | |
| Royalty Fee | |
| Elliott & Company Appraisers | 8-18% |
| Weichert Real Estate | 6% |
| Advertising Fee | |
| Elliott & Company Appraisers | |
| Weichert Real Estate | 2% |
| Year Founded | |
| Elliott & Company Appraisers | 1980 |
| Weichert Real Estate | 1969 |
| Year Franchised | |
| Elliott & Company Appraisers | 1993 |
| Weichert Real Estate | 2000 |
| Term Of Agreement | |
| Elliott & Company Appraisers | 5 years |
| Weichert Real Estate | 7 years |
| Renewal Fee | |
| Elliott & Company Appraisers | $500 |
| Weichert Real Estate | $1K |
Business Experience Requirements |
|
| Experience | |
| Elliott & Company Appraisers | |
| Weichert Real Estate | |
Financing Options |
|
| Franchise Fees | |
| Elliott & Company Appraisers | No |
| Weichert Real Estate | No |
| Start-up Costs | |
| Elliott & Company Appraisers | |
| Weichert Real Estate | |
| Equipment | |
| Elliott & Company Appraisers} | |
| Weichert Real Estate | |
| Inventory | |
| Elliott & Company Appraisers | |
| Weichert Real Estate | |
| Receivables | |
| Elliott & Company Appraisers | |
| Weichert Real Estate | |
| Payroll | |
| Elliott & Company Appraisers | |
| Weichert Real Estate | |
Training & Support |
|
| Training | |
| Elliott & Company Appraisers | State required continuing education every year |
| Weichert Real Estate | Classroom Training: 28.25 hours Additional Training: Annual conference; quarterly workshops (local) |
| Support | |
| Elliott & Company Appraisers | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
| Weichert Real Estate | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Field Operations Proprietary Software Franchisee Intranet Platform |
| Marketing | |
| Elliott & Company Appraisers | Co-op advertising, Ad slicks, National media, Regional advertising |
| Weichert Real Estate | Co-op Advertising National Media Regional Advertising Social media Email marketing |
| Operations | |
| Elliott & Company Appraisers | Franchise can be run from home. 0% of all franchisees own more than one unit Number of employees needed to run franchised unit: 1 - 2 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
| Weichert Real Estate | 10% of all franchisees own more than one unit Number of employees needed to run franchised unit: 5 Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
|
| US Expansion | |
| Elliott & Company Appraisers | Alaska, Alabama, Arkansas, Arizona, Colorado, Connecticut, Delaware, Florida, Georgia, Idaho, Kansas, Kentucky, Louisiana, Massachusetts, Maine, Missouri, Mississippi, Montana, Nebraska, North Carolina, New Hampshire, New Jersey, New Mexico, Ohio, Oklahoma, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, Vermont, West Virginia, Wyoming, |
| Weichert Real Estate | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| Canada Expansion | |
| Elliott & Company Appraisers | |
| Weichert Real Estate | |
| International Expansion | |
| Elliott & Company Appraisers | |
| Weichert Real Estate | |