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