Start-Up Costs and Fees |
||
| Weichert Real Estate | 1st Class Real Estate | |
| Investment | 62500 - 324700 | 14420 - 209475 |
| Franchise Fee | 0 | |
| Royalty Fee | 6% | |
| Advertising Fee | 2% | |
| Year Founded | 1969 | 2012 |
| Year Franchised | 2000 | 2018 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Weichert Real Estate | 1st Class Real Estate | |
| Experience | ||
Financing Options |
||
| Weichert Real Estate | 1st Class Real Estate | |
| Franchise Fees | No | Yes |
| Start-up Costs | No | Yes |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Weichert Real Estate | 1st Class Real Estate | |
| Training | Classroom Training: 28.25 hours Additional Training: Annual conference; quarterly workshops (local) | Classroom Training: 16 hours Additional Training: Virtual training |
| Support | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Field Operations Proprietary Software Franchisee Intranet Platform | Ongoing Support Newsletter Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Marketing | Co-op Advertising National Media Regional Advertising Social media Email marketing | Co-op Advertising Ad Templates Social media SEO Website development Email marketing Loyalty program/app |
| 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) | Number of Employees Required to Run: 3 |
Expansion Plans |
||
| Weichert Real Estate | 1st Class 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 | |
| Weichert Real Estate | |
| 1st Class Real Estate | |
| Franchise Fee | |
| Weichert Real Estate | |
| 1st Class Real Estate | |
| Royalty Fee | |
| Weichert Real Estate | 6% |
| 1st Class Real Estate | |
| Advertising Fee | |
| Weichert Real Estate | 2% |
| 1st Class Real Estate | |
| Year Founded | |
| Weichert Real Estate | 1969 |
| 1st Class Real Estate | 2012 |
| Year Franchised | |
| Weichert Real Estate | 2000 |
| 1st Class Real Estate | 2018 |
| Term Of Agreement | |
| Weichert Real Estate | 7 years |
| 1st Class Real Estate | |
| Renewal Fee | |
| Weichert Real Estate | $1K |
| 1st Class Real Estate | |
Business Experience Requirements |
|
| Experience | |
| Weichert Real Estate | |
| 1st Class Real Estate | |
Financing Options |
|
| Franchise Fees | |
| Weichert Real Estate | No |
| 1st Class Real Estate | No |
| Start-up Costs | |
| Weichert Real Estate | |
| 1st Class Real Estate | |
| Equipment | |
| Weichert Real Estate} | |
| 1st Class Real Estate | |
| Inventory | |
| Weichert Real Estate | |
| 1st Class Real Estate | |
| Receivables | |
| Weichert Real Estate | |
| 1st Class Real Estate | |
| Payroll | |
| Weichert Real Estate | |
| 1st Class Real Estate | |
Training & Support |
|
| Training | |
| Weichert Real Estate | Classroom Training: 28.25 hours Additional Training: Annual conference; quarterly workshops (local) |
| 1st Class Real Estate | Classroom Training: 16 hours Additional Training: Virtual training |
| Support | |
| Weichert Real Estate | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Field Operations Proprietary Software Franchisee Intranet Platform |
| 1st Class Real Estate | Ongoing Support Newsletter Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Marketing | |
| Weichert Real Estate | Co-op Advertising National Media Regional Advertising Social media Email marketing |
| 1st Class Real Estate | Co-op Advertising Ad Templates Social media SEO Website development Email marketing Loyalty program/app |
| Operations | |
| 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) |
| 1st Class Real Estate | Number of Employees Required to Run: 3 |
Expansion Plans |
|
| US Expansion | |
| 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 |
| 1st Class Real Estate | |
| Canada Expansion | |
| Weichert Real Estate | |
| 1st Class Real Estate | |
| International Expansion | |
| Weichert Real Estate | |
| 1st Class Real Estate | |