Start-Up Costs and Fees |
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| NextHome | Weichert Real Estate | |
| Investment | 14750 - 213100 | 62500 - 324700 |
| Franchise Fee | 0 | |
| Royalty Fee | $180-$190/mo. | 6% |
| Advertising Fee | $75-85/transaction | 2% |
| Year Founded | 2014 | 1969 |
| Year Franchised | 2014 | 2000 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
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| NextHome | Weichert Real Estate | |
| Experience | ||
Financing Options |
||
| NextHome | Weichert Real Estate | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| NextHome | Weichert Real Estate | |
| Training | Classroom Training: 28 hours | Classroom Training: 28.25 hours Additional Training: Annual conference; quarterly workshops (local) |
| Support | Newsletter Meetings/Conventions Toll-Free Line 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 | Ad Templates National Media Social media SEO Website development Email marketing | Co-op Advertising National Media Regional Advertising Social media Email marketing |
| Operations | Number of Employees Required to Run: 1 | 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 |
||
| NextHome | 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 | 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 | |
| NextHome | |
| Weichert Real Estate | |
| Franchise Fee | |
| NextHome | |
| Weichert Real Estate | |
| Royalty Fee | |
| NextHome | $180-$190/mo. |
| Weichert Real Estate | 6% |
| Advertising Fee | |
| NextHome | $75-85/transaction |
| Weichert Real Estate | 2% |
| Year Founded | |
| NextHome | 2014 |
| Weichert Real Estate | 1969 |
| Year Franchised | |
| NextHome | 2014 |
| Weichert Real Estate | 2000 |
| Term Of Agreement | |
| NextHome | |
| Weichert Real Estate | 7 years |
| Renewal Fee | |
| NextHome | |
| Weichert Real Estate | $1K |
Business Experience Requirements |
|
| Experience | |
| NextHome | |
| Weichert Real Estate | |
Financing Options |
|
| Franchise Fees | |
| NextHome | |
| Weichert Real Estate | |
| Start-up Costs | |
| NextHome | |
| Weichert Real Estate | |
| Equipment | |
| NextHome} | |
| Weichert Real Estate | |
| Inventory | |
| NextHome | |
| Weichert Real Estate | |
| Receivables | |
| NextHome | |
| Weichert Real Estate | |
| Payroll | |
| NextHome | |
| Weichert Real Estate | |
Training & Support |
|
| Training | |
| NextHome | Classroom Training: 28 hours |
| Weichert Real Estate | Classroom Training: 28.25 hours Additional Training: Annual conference; quarterly workshops (local) |
| Support | |
| NextHome | Newsletter Meetings/Conventions Toll-Free Line 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 | |
| NextHome | Ad Templates National Media Social media SEO Website development Email marketing |
| Weichert Real Estate | Co-op Advertising National Media Regional Advertising Social media Email marketing |
| Operations | |
| NextHome | Number of Employees Required to Run: 1 |
| 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 | |
| NextHome | 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 |
| 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 | |
| NextHome | |
| Weichert Real Estate | |
| International Expansion | |
| NextHome | |
| Weichert Real Estate | |