Start-Up Costs and Fees |
||
| Weichert Real Estate | Avalar Real Estate & Mortgage Network | |
| Investment | 62500 - 324700 | 31000 - 315500 |
| Franchise Fee | 0 | 0 |
| Royalty Fee | 6% | 5% |
| Advertising Fee | 2% | |
| Year Founded | 1969 | 1999 |
| Year Franchised | 2000 | 1999 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Weichert Real Estate | Avalar Real Estate & Mortgage Network | |
| Experience | Industry experience General business experience Marketing skills | |
Financing Options |
||
| Weichert Real Estate | Avalar Real Estate & Mortgage Network | |
| Franchise Fees | No | No |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| Weichert Real Estate | Avalar Real Estate & Mortgage Network | |
| 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 | Newsletter, Meetings, Grand opening, Internet, Purchasing cooperatives |
| 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) | 10% of all franchisees own more than one unit 100% of current franchisees are owner/operators |
Expansion Plans |
||
| Weichert Real Estate | Avalar Real Estate & Mortgage Network | |
| 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 | |
| Avalar Real Estate & Mortgage Network | |
| Franchise Fee | |
| Weichert Real Estate | |
| Avalar Real Estate & Mortgage Network | |
| Royalty Fee | |
| Weichert Real Estate | 6% |
| Avalar Real Estate & Mortgage Network | 5% |
| Advertising Fee | |
| Weichert Real Estate | 2% |
| Avalar Real Estate & Mortgage Network | |
| Year Founded | |
| Weichert Real Estate | 1969 |
| Avalar Real Estate & Mortgage Network | 1999 |
| Year Franchised | |
| Weichert Real Estate | 2000 |
| Avalar Real Estate & Mortgage Network | 1999 |
| Term Of Agreement | |
| Weichert Real Estate | 7 years |
| Avalar Real Estate & Mortgage Network | 5 years |
| Renewal Fee | |
| Weichert Real Estate | $1K |
| Avalar Real Estate & Mortgage Network | |
Business Experience Requirements |
|
| Experience | |
| Weichert Real Estate | |
| Avalar Real Estate & Mortgage Network | Industry experience General business experience Marketing skills |
Financing Options |
|
| Franchise Fees | |
| Weichert Real Estate | No |
| Avalar Real Estate & Mortgage Network | No |
| Start-up Costs | |
| Weichert Real Estate | |
| Avalar Real Estate & Mortgage Network | |
| Equipment | |
| Weichert Real Estate} | |
| Avalar Real Estate & Mortgage Network | |
| Inventory | |
| Weichert Real Estate | |
| Avalar Real Estate & Mortgage Network | |
| Receivables | |
| Weichert Real Estate | |
| Avalar Real Estate & Mortgage Network | |
| Payroll | |
| Weichert Real Estate | |
| Avalar Real Estate & Mortgage Network | |
Training & Support |
|
| Training | |
| Weichert Real Estate | Classroom Training: 28.25 hours Additional Training: Annual conference; quarterly workshops (local) |
| Avalar Real Estate & Mortgage Network | |
| Support | |
| Weichert Real Estate | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Field Operations Proprietary Software Franchisee Intranet Platform |
| Avalar Real Estate & Mortgage Network | Newsletter, Meetings, Grand opening, Internet, Purchasing cooperatives |
| Marketing | |
| Weichert Real Estate | Co-op Advertising National Media Regional Advertising Social media Email marketing |
| Avalar Real Estate & Mortgage Network | |
| 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) |
| Avalar Real Estate & Mortgage Network | 10% of all franchisees own more than one unit 100% of current franchisees are owner/operators |
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 |
| Avalar Real Estate & Mortgage Network | |
| Canada Expansion | |
| Weichert Real Estate | |
| Avalar Real Estate & Mortgage Network | |
| International Expansion | |
| Weichert Real Estate | |
| Avalar Real Estate & Mortgage Network | |