Start-Up Costs and Fees |
||
| Weichert Real Estate | Rapid Realty | |
| Investment | 62500 - 324700 | 90000 - 150000 |
| Franchise Fee | 0 | |
| Royalty Fee | 6% | |
| Advertising Fee | 2% | |
| Year Founded | 1969 | 0 |
| Year Franchised | 2000 | 0 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Weichert Real Estate | Rapid Realty | |
| Experience | ||
Financing Options |
||
| Weichert Real Estate | Rapid Realty | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Weichert Real Estate | Rapid 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 | |
| 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 |
||
| Weichert Real Estate | Rapid 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 | |
| Rapid Realty | |
| Franchise Fee | |
| Weichert Real Estate | |
| Rapid Realty | |
| Royalty Fee | |
| Weichert Real Estate | 6% |
| Rapid Realty | |
| Advertising Fee | |
| Weichert Real Estate | 2% |
| Rapid Realty | |
| Year Founded | |
| Weichert Real Estate | 1969 |
| Rapid Realty | 0 |
| Year Franchised | |
| Weichert Real Estate | 2000 |
| Rapid Realty | 0 |
| Term Of Agreement | |
| Weichert Real Estate | 7 years |
| Rapid Realty | |
| Renewal Fee | |
| Weichert Real Estate | $1K |
| Rapid Realty | |
Business Experience Requirements |
|
| Experience | |
| Weichert Real Estate | |
| Rapid Realty | |
Financing Options |
|
| Franchise Fees | |
| Weichert Real Estate | No |
| Rapid Realty | No |
| Start-up Costs | |
| Weichert Real Estate | |
| Rapid Realty | |
| Equipment | |
| Weichert Real Estate} | |
| Rapid Realty | |
| Inventory | |
| Weichert Real Estate | |
| Rapid Realty | |
| Receivables | |
| Weichert Real Estate | |
| Rapid Realty | |
| Payroll | |
| Weichert Real Estate | |
| Rapid Realty | |
Training & Support |
|
| Training | |
| Weichert Real Estate | Classroom Training: 28.25 hours Additional Training: Annual conference; quarterly workshops (local) |
| Rapid Realty | |
| Support | |
| Weichert Real Estate | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Field Operations Proprietary Software Franchisee Intranet Platform |
| Rapid Realty | |
| Marketing | |
| Weichert Real Estate | Co-op Advertising National Media Regional Advertising Social media Email marketing |
| Rapid Realty | |
| 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) |
| Rapid 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 |
| Rapid Realty | |
| Canada Expansion | |
| Weichert Real Estate | |
| Rapid Realty | |
| International Expansion | |
| Weichert Real Estate | |
| Rapid Realty | |