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