Start-Up Costs and Fees |
||
| Weichert Real Estate | Realty ONE Group | |
| Investment | 62500 - 324700 | 44250 - 222500 |
| Franchise Fee | 0 | |
| Royalty Fee | 6% | 2% |
| Advertising Fee | 2% | |
| Year Founded | 1969 | 2005 |
| Year Franchised | 2000 | 2012 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Weichert Real Estate | Realty ONE Group | |
| Experience | ||
Financing Options |
||
| Weichert Real Estate | Realty ONE Group | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Weichert Real Estate | Realty ONE Group | |
| Training | Classroom Training: 28.25 hours Additional Training: Annual conference; quarterly workshops (local) | On-The-Job Training 144 hours Classroom Training 28 hours Additional Training Affiliate coaching program, ongoing regional and virtual workshops |
| Support | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Field Operations Proprietary Software Franchisee Intranet Platform | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line 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 | Ad Templates National Media Regional Advertising 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 | Realty ONE Group | |
| 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 | |
| Realty ONE Group | |
| Franchise Fee | |
| Weichert Real Estate | |
| Realty ONE Group | |
| Royalty Fee | |
| Weichert Real Estate | 6% |
| Realty ONE Group | 2% |
| Advertising Fee | |
| Weichert Real Estate | 2% |
| Realty ONE Group | |
| Year Founded | |
| Weichert Real Estate | 1969 |
| Realty ONE Group | 2005 |
| Year Franchised | |
| Weichert Real Estate | 2000 |
| Realty ONE Group | 2012 |
| Term Of Agreement | |
| Weichert Real Estate | 7 years |
| Realty ONE Group | |
| Renewal Fee | |
| Weichert Real Estate | $1K |
| Realty ONE Group | |
Business Experience Requirements |
|
| Experience | |
| Weichert Real Estate | |
| Realty ONE Group | |
Financing Options |
|
| Franchise Fees | |
| Weichert Real Estate | No |
| Realty ONE Group | No |
| Start-up Costs | |
| Weichert Real Estate | |
| Realty ONE Group | |
| Equipment | |
| Weichert Real Estate} | |
| Realty ONE Group | |
| Inventory | |
| Weichert Real Estate | |
| Realty ONE Group | |
| Receivables | |
| Weichert Real Estate | |
| Realty ONE Group | |
| Payroll | |
| Weichert Real Estate | |
| Realty ONE Group | |
Training & Support |
|
| Training | |
| Weichert Real Estate | Classroom Training: 28.25 hours Additional Training: Annual conference; quarterly workshops (local) |
| Realty ONE Group | On-The-Job Training 144 hours Classroom Training 28 hours Additional Training Affiliate coaching program, ongoing regional and virtual workshops |
| Support | |
| Weichert Real Estate | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Field Operations Proprietary Software Franchisee Intranet Platform |
| Realty ONE Group | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line 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 |
| Realty ONE Group | Ad Templates National Media Regional Advertising 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) |
| Realty ONE Group | 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 |
| Realty ONE Group | |
| Canada Expansion | |
| Weichert Real Estate | |
| Realty ONE Group | |
| International Expansion | |
| Weichert Real Estate | |
| Realty ONE Group | |