Start-Up Costs and Fees |
||
| Only Way Realty | Weichert Real Estate | |
| Investment | 2500 - 5000 | 62500 - 324700 |
| Franchise Fee | 0 | |
| Royalty Fee | 0% | 6% |
| Advertising Fee | $275 per month | 2% |
| Year Founded | 2008 | 1969 |
| Year Franchised | 2012 | 2000 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Only Way Realty | Weichert Real Estate | |
| Experience | Industry experience Brokers license | |
Financing Options |
||
| Only Way Realty | Weichert Real Estate | |
| Franchise Fees | No | No |
| Start-up Costs | Yes | No |
| Equipment | No | No |
| Inventory | No | No |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| Only Way Realty | Weichert Real Estate | |
| Training | Classroom Training: 28.25 hours Additional Training: Annual conference; quarterly workshops (local) | |
| Support | Newsletter, Agent Support Staff, Bookkeeper, Marketing for individual offices provided by Corporate | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Field Operations Proprietary Software Franchisee Intranet Platform |
| Marketing | Direct mail pieces, social media, internet marketing, email 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 |
||
| Only Way Realty | 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 | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Only Way Realty | |
| Weichert Real Estate | |
| Franchise Fee | |
| Only Way Realty | |
| Weichert Real Estate | |
| Royalty Fee | |
| Only Way Realty | 0% |
| Weichert Real Estate | 6% |
| Advertising Fee | |
| Only Way Realty | $275 per month |
| Weichert Real Estate | 2% |
| Year Founded | |
| Only Way Realty | 2008 |
| Weichert Real Estate | 1969 |
| Year Franchised | |
| Only Way Realty | 2012 |
| Weichert Real Estate | 2000 |
| Term Of Agreement | |
| Only Way Realty | not specified |
| Weichert Real Estate | 7 years |
| Renewal Fee | |
| Only Way Realty | |
| Weichert Real Estate | $1K |
Business Experience Requirements |
|
| Experience | |
| Only Way Realty | Industry experience Brokers license |
| Weichert Real Estate | |
Financing Options |
|
| Franchise Fees | |
| Only Way Realty | No |
| Weichert Real Estate | No |
| Start-up Costs | |
| Only Way Realty | |
| Weichert Real Estate | |
| Equipment | |
| Only Way Realty} | |
| Weichert Real Estate | |
| Inventory | |
| Only Way Realty | |
| Weichert Real Estate | |
| Receivables | |
| Only Way Realty | |
| Weichert Real Estate | |
| Payroll | |
| Only Way Realty | |
| Weichert Real Estate | |
Training & Support |
|
| Training | |
| Only Way Realty | |
| Weichert Real Estate | Classroom Training: 28.25 hours Additional Training: Annual conference; quarterly workshops (local) |
| Support | |
| Only Way Realty | Newsletter, Agent Support Staff, Bookkeeper, Marketing for individual offices provided by Corporate |
| Weichert Real Estate | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Field Operations Proprietary Software Franchisee Intranet Platform |
| Marketing | |
| Only Way Realty | Direct mail pieces, social media, internet marketing, email marketing |
| Weichert Real Estate | Co-op Advertising National Media Regional Advertising Social media Email marketing |
| Operations | |
| Only Way Realty | |
| 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 | |
| Only Way Realty | |
| 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 | |
| Only Way Realty | |
| Weichert Real Estate | |
| International Expansion | |
| Only Way Realty | |
| Weichert Real Estate | |