Start-Up Costs and Fees |
||
| Engel & Voelkers | Weichert Real Estate | |
| Investment | 176000 - 320500 | 62500 - 324700 |
| Franchise Fee | 0 | |
| Royalty Fee | 6% | 6% |
| Advertising Fee | 1.50% | 2% |
| Year Founded | 1977 | 1969 |
| Year Franchised | 1998 | 2000 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Engel & Voelkers | Weichert Real Estate | |
| Experience | ||
Financing Options |
||
| Engel & Voelkers | Weichert Real Estate | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Engel & Voelkers | Weichert Real Estate | |
| Training | Knowledge as a competitive factor The increasingly dynamic development of the markets calls for specialisation and sound expertise. Engel & Voelkers recognised the signs of the times early on and established its own academy in 1996 to provide a sound professional education to all company employees. During a six-day basic training course our new employees get to know the innovative Engel & Voelkers marketing system in a three-step programme. Among other things, the course subjects comprise questions of corporate identity and software seminars for the specially developed program "Global Office" as well as practice-oriented sales seminars. The training takes place regularly in the seminar room of the DJZ (German-Japanese Centre) at the Stadthausbroecke in Hamburg. Local seminars in the respective countries can be organized with a minimum of 6 participants. | Classroom Training: 28.25 hours Additional Training: Annual conference; quarterly workshops (local) |
| Support | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Field Operations Proprietary Software Franchisee Intranet Platform | |
| Marketing | Co-op Advertising National Media Regional Advertising Social media Email marketing | |
| Operations | 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 |
||
| Engel & Voelkers | Weichert Real Estate | |
| US Expansion | 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 | 0 | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Engel & Voelkers | |
| Weichert Real Estate | |
| Franchise Fee | |
| Engel & Voelkers | |
| Weichert Real Estate | |
| Royalty Fee | |
| Engel & Voelkers | 6% |
| Weichert Real Estate | 6% |
| Advertising Fee | |
| Engel & Voelkers | 1.50% |
| Weichert Real Estate | 2% |
| Year Founded | |
| Engel & Voelkers | 1977 |
| Weichert Real Estate | 1969 |
| Year Franchised | |
| Engel & Voelkers | 1998 |
| Weichert Real Estate | 2000 |
| Term Of Agreement | |
| Engel & Voelkers | |
| Weichert Real Estate | 7 years |
| Renewal Fee | |
| Engel & Voelkers | |
| Weichert Real Estate | $1K |
Business Experience Requirements |
|
| Experience | |
| Engel & Voelkers | |
| Weichert Real Estate | |
Financing Options |
|
| Franchise Fees | |
| Engel & Voelkers | |
| Weichert Real Estate | |
| Start-up Costs | |
| Engel & Voelkers | |
| Weichert Real Estate | |
| Equipment | |
| Engel & Voelkers} | |
| Weichert Real Estate | |
| Inventory | |
| Engel & Voelkers | |
| Weichert Real Estate | |
| Receivables | |
| Engel & Voelkers | |
| Weichert Real Estate | |
| Payroll | |
| Engel & Voelkers | |
| Weichert Real Estate | |
Training & Support |
|
| Training | |
| Engel & Voelkers | Knowledge as a competitive factor The increasingly dynamic development of the markets calls for specialisation and sound expertise. Engel & Voelkers recognised the signs of the times early on and established its own academy in 1996 to provide a sound professional education to all company employees. During a six-day basic training course our new employees get to know the innovative Engel & Voelkers marketing system in a three-step programme. Among other things, the course subjects comprise questions of corporate identity and software seminars for the specially developed program "Global Office" as well as practice-oriented sales seminars. The training takes place regularly in the seminar room of the DJZ (German-Japanese Centre) at the Stadthausbroecke in Hamburg. Local seminars in the respective countries can be organized with a minimum of 6 participants. |
| Weichert Real Estate | Classroom Training: 28.25 hours Additional Training: Annual conference; quarterly workshops (local) |
| Support | |
| Engel & Voelkers | |
| Weichert Real Estate | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Field Operations Proprietary Software Franchisee Intranet Platform |
| Marketing | |
| Engel & Voelkers | |
| Weichert Real Estate | Co-op Advertising National Media Regional Advertising Social media Email marketing |
| Operations | |
| Engel & Voelkers | |
| 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 | |
| Engel & Voelkers | |
| 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 | |
| Engel & Voelkers | 0 |
| Weichert Real Estate | |
| International Expansion | |
| Engel & Voelkers | |
| Weichert Real Estate | |