Weichert Real Estate Franchise

Real estate

Weichert, Realtors opened in 1969 with a single office. Jim Weichert opened his first real estate office in Chatham, New Jersey,  He began franchising in 2000, and today the company is based in Morris Plains, New.Jersey. Franchisees help customers buy and sell both residential and commercial real estate, and streamline the delivery of mortgages and home and title insurance.#285 in Franchise 500 for 2020.#337 in Franchise 500 for 2021.

ABC INC

ABC-CO - NASDAQ

$129.55 USD
+0.25 (+0.20%)
$129.55
$129.55


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Please Note: The operators of Weichert Real Estate, may not have verified the accuracy of the Franchise information contained within this website. For accurate up-to-date information, investors are strongly recommended to visit the official Weichert Real Estate website.

How much does it cost to open a Weichert Real Estate Franchise ?

The investment required to open a Weichert Real Estate Franchise is between $62,500 - $324,700 . There is an initial franchise fee of $25,000 which grants you the license to run a business under the Weichert Real Estate name.

Individual Franchise Costs

  • Initial Investment:
    $62,500 -
  • Initial Franchise Fee:
    $25,000
  • Royalty Fee:
    6%
  • Advertising Fee:
    2%
  • Term of Agreement:
    7 years
  • Renewal Fee:
    $1K

Expense In-House Third Party
Franchise Fee No No
Startup Costs No No
Equipment No No
Inventory No No
Accounts Receivable No No
Payroll No No

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

Weichert Real Estate Growth History

When did the first Weichert Real Estate open? 1969
When did Weichert Real Estate start Franchising ? 2000

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)

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



How much money you could make as a Weichert Real Estate Franchise owner depends on a wide variety of factors. As a business owner, your primary goals are to strive for high sales while keeping your oper_ating costs as low as possible while still maintaining quality products and service. The monthly oper_ating costs that you will incur as a Weichert Real Estate Franchise owner may include royalty fees, rent or mortgage, staffing, products, supplies, utilities, administrative costs and other things. Although your monthly oper_ating costs may vary from month to month, your start up costs are typically fixed and they will cover the majority of your initial oper_ating equipment, signage, and renovations.

Initial Investment
$25,000 - $324,700
Initial Franchise Fee
$25,000
Royalty Fee
6%
Advertising Fee
2%
Term of Agreement
7 years
Renewal Fee
$1K
Latest News
Weichert, Realtors? Expands Its Franchise Network

2007-01-16
Weichert, Realtors? Concludes Its 28th Annual Toy Drive

2007-01-15
Weichert, Realtors? Signs Its 300th Franchise Office
Morris Plains, Nj
2007-01-11
Weichert Relocation Resources Achieves Coveted Sas 70 Type Ii Certification, Reaffirms High Quality Operational Standards And Controls

2007-01-09
Weichert Real Estate Affiliates, Inc. Appoints Eisley Director Of Regional Development In The Midwest

2007-01-04
Bill Hanley Of Weichert, Realtors? Named 2007 President Of New Jersey Association Of Realtors?

2006-12-21
Weichert Relocation Resources Executive Named To Worldwide Erc's Board Of Directors

2006-12-12
Weichert, Realtors? Adds To Its Franchise Network In Massachusetts And New York

2006-12-06
100-percent Financing From Weichert Financial Services Is Helping First-time Buyers Purchase Now

2006-12-04
Weichert Relocation Resources Names David Fennell Director, Business Development, For Canada

2006-11-29
Alessandrini Named Weichert, Realtors? Corporate Communications Director

2006-11-27
Weichert, Realtors? Accelerates Its Expansion In Florida With Openings Of Eleven More Franchise Locations

2006-11-21
Weichert, Realtors? Begins 28th Annual Holiday Toy Drive

2006-11-20
New Enhancements On Weichert.com Make It Easier To Secure A Mortgage And Other Services Online

2006-11-16
Weichert Relocation Resources Employees Volunteer To Make A Difference In Their Communities

2006-11-16
Weichert, Realtors? Grows In The Great Lakes Region With Two More Franchise Offices In Illinois And Michigan
Naperville, Ill & Muskegon, Mich.
2006-11-09
Four More Weichert Franchise Offices Open In Georgia And Texas
Lafayette, Norcross And Rossville, Ga
2006-11-07
Weichert Gold Services Streamlines Home Buying

2006-11-01
Weichert, Realtors Adds Two More Franchise Offices
Stonington, Ct & Plainville, Mass.
2006-10-20
Weichert, Realtors Adds Two New Franchise Offices In Massachusetts, Pennsylvania
North Andover, Ma & Scranton, Pa.
2006-06-19
Weichert, Realtors Adds Two New Franchise Offices In Florida

2006-05-22
Weichert, Realtors Adds Three Franchise Offices In Massachusetts And New York

2006-04-25
Weichert Expands Franchise In Florida

2006-04-12
Weichert Grows In The East With New Franchise Offices In Mass., N.j. And S.c.
Morris Plains, Nj
2006-03-23
Weichert, Realtors Extends Contract With Learn.com For Online Real Estate Training

2006-03-21
Weichert, Realtors Adds Two New Franchise Offices In Alabama And Missouri

2006-03-16
Weichert, Realtors Expands In The South With Two More Franchise Offices Each In Georgia And N.c.

2006-03-09
Weichert Real Estate Affiliates Announces Four Promotions

2006-03-07
Weichert(r) Family Of Companies Posts Best Year In History In 2005
Morris Plains, N.j.,
2006-03-02
Weichert, Realtors Adds Franchise Offices In Tennessee And Missouri

2006-02-27
Weichert, Realtors Adds A Franchise In North Carolina And Two More In Virginia

2006-02-23
Weichert Relocation Resources Names Bill Nemer Vice President, Organizational Effectiveness

2006-02-21
Weichert, Realtors Expands In New York With Two New Franchise Offices

2006-02-16
Weichert Financial Services Boosts Its Performance Guarantee To $5,000

2006-02-15
Weichert Relocation Resources Survey Uncovers New Hire Relocation Benefit Trends

2006-02-14
Weichert, Realtors Expects Another Robust Spring Market

2006-02-13
Weichert Real Estate Affiliates Marks 4th Anniversary And Opening Of 200th Franchise Office

2006-02-07
Weichert Relocation Resources Names Doug Clauss Director, Business Development, For Southwest U.s.

2006-02-02
Weichert Financial Services Allows Home Buyers To Lock In An Interest Rate And Shop For A Home

2006-01-31
Weichert, Realtors Opens Three More Franchise Offices In Florida

2006-01-26
Weichert Sales Associate Wins Top State Good Neighbor Award From New Jersey Association Of Realtors

2006-01-25
Weichert Relocation Resources' London Office Retains Iso 9001:2000 Certification

2006-01-24
Weichert, Realtors Opens First Franchise Offices In Arkansas, Indiana And Missouri

2006-01-20
Weichert, Realtors' Franchisees Add New Offices In Florida, South Carolina And New Jersey

2006-01-16
Weichert, Realtors' David Forward Wins Realtor Magazine's Good Neighbor Award

2005-12-07
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Weichert Real Estate Franchise Opportunity viewed times by investors.
 

Legal Disclaimer: This information is not a franchise offering for Weichert Real Estate and should not be construed as such. The Franchise Mall makes every effort to maintain accurate franchise data but does not guarantee nor assume liability for incorrect data. We recomend that anyone seriously interested in pursuing an Weichert Real Estate franchise opportunity, review that franchise's Franchise Disclosure Document (FDD) with an attorney and accountant.