Start-Up Costs and Fees |
||
| Red Carpet Real Estate | Weichert Real Estate | |
| Investment | 36000 - 36000 | 62500 - 324700 |
| Franchise Fee | 0 | |
| Royalty Fee | 5% | 6% |
| Advertising Fee | 0.50% | 2% |
| Year Founded | 1966 | 1969 |
| Year Franchised | 1970 | 2000 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Red Carpet Real Estate | Weichert Real Estate | |
| Experience | ||
Financing Options |
||
| Red Carpet Real Estate | Weichert Real Estate | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Red Carpet Real Estate | Weichert Real Estate | |
| Training | Meetings Quarterly | Classroom Training: 28.25 hours Additional Training: Annual conference; quarterly workshops (local) |
| Support | Field Training Franchisee Newsletter Regional or National Meetings | 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 | Average Number of Employees: 5 Full-time, 0 Part-timePassive Ownership: Allowed, But Discouraged | 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 |
||
| Red Carpet Real Estate | 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 | 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 | |
| Red Carpet Real Estate | |
| Weichert Real Estate | |
| Franchise Fee | |
| Red Carpet Real Estate | |
| Weichert Real Estate | |
| Royalty Fee | |
| Red Carpet Real Estate | 5% |
| Weichert Real Estate | 6% |
| Advertising Fee | |
| Red Carpet Real Estate | 0.50% |
| Weichert Real Estate | 2% |
| Year Founded | |
| Red Carpet Real Estate | 1966 |
| Weichert Real Estate | 1969 |
| Year Franchised | |
| Red Carpet Real Estate | 1970 |
| Weichert Real Estate | 2000 |
| Term Of Agreement | |
| Red Carpet Real Estate | 5 years +7or10 |
| Weichert Real Estate | 7 years |
| Renewal Fee | |
| Red Carpet Real Estate | |
| Weichert Real Estate | $1K |
Business Experience Requirements |
|
| Experience | |
| Red Carpet Real Estate | |
| Weichert Real Estate | |
Financing Options |
|
| Franchise Fees | |
| Red Carpet Real Estate | |
| Weichert Real Estate | |
| Start-up Costs | |
| Red Carpet Real Estate | |
| Weichert Real Estate | |
| Equipment | |
| Red Carpet Real Estate} | |
| Weichert Real Estate | |
| Inventory | |
| Red Carpet Real Estate | |
| Weichert Real Estate | |
| Receivables | |
| Red Carpet Real Estate | |
| Weichert Real Estate | |
| Payroll | |
| Red Carpet Real Estate | |
| Weichert Real Estate | |
Training & Support |
|
| Training | |
| Red Carpet Real Estate | Meetings Quarterly |
| Weichert Real Estate | Classroom Training: 28.25 hours Additional Training: Annual conference; quarterly workshops (local) |
| Support | |
| Red Carpet Real Estate | Field Training Franchisee Newsletter Regional or National Meetings |
| Weichert Real Estate | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Field Operations Proprietary Software Franchisee Intranet Platform |
| Marketing | |
| Red Carpet Real Estate | |
| Weichert Real Estate | Co-op Advertising National Media Regional Advertising Social media Email marketing |
| Operations | |
| Red Carpet Real Estate | Average Number of Employees: 5 Full-time, 0 Part-timePassive Ownership: Allowed, But Discouraged |
| 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 | |
| Red Carpet 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 |
| 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 | |
| Red Carpet Real Estate | |
| Weichert Real Estate | |
| International Expansion | |
| Red Carpet Real Estate | |
| Weichert Real Estate | |