Start-Up Costs and Fees |
||
| Weichert Real Estate | Century 21 | |
| Investment | 62500 - 324700 | 24700 - 451350 |
| Franchise Fee | 0 | 0 |
| Royalty Fee | 6% | 6% |
| Advertising Fee | 2% | 2% |
| Year Founded | 1969 | 1971 |
| Year Franchised | 2000 | 1972 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Weichert Real Estate | Century 21 | |
| Experience | Industry experience General business experience Marketing skills | |
Financing Options |
||
| Weichert Real Estate | Century 21 | |
| Franchise Fees | No | Yes |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| Weichert Real Estate | Century 21 | |
| 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, Toll-free phone line, Internet, Field operations/evaluations |
| Marketing | Co-op Advertising National Media Regional Advertising Social media Email marketing | Co-op advertising, Ad slicks, National media, Regional advertising |
| 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) | Absentee ownership of franchise is NOT allowed. |
Expansion Plans |
||
| Weichert Real Estate | Century 21 | |
| 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 | |
| Century 21 | |
| Franchise Fee | |
| Weichert Real Estate | |
| Century 21 | |
| Royalty Fee | |
| Weichert Real Estate | 6% |
| Century 21 | 6% |
| Advertising Fee | |
| Weichert Real Estate | 2% |
| Century 21 | 2% |
| Year Founded | |
| Weichert Real Estate | 1969 |
| Century 21 | 1971 |
| Year Franchised | |
| Weichert Real Estate | 2000 |
| Century 21 | 1972 |
| Term Of Agreement | |
| Weichert Real Estate | 7 years |
| Century 21 | 10 years |
| Renewal Fee | |
| Weichert Real Estate | $1K |
| Century 21 | |
Business Experience Requirements |
|
| Experience | |
| Weichert Real Estate | |
| Century 21 | Industry experience General business experience Marketing skills |
Financing Options |
|
| Franchise Fees | |
| Weichert Real Estate | No |
| Century 21 | No |
| Start-up Costs | |
| Weichert Real Estate | |
| Century 21 | |
| Equipment | |
| Weichert Real Estate} | |
| Century 21 | |
| Inventory | |
| Weichert Real Estate | |
| Century 21 | |
| Receivables | |
| Weichert Real Estate | |
| Century 21 | |
| Payroll | |
| Weichert Real Estate | |
| Century 21 | |
Training & Support |
|
| Training | |
| Weichert Real Estate | Classroom Training: 28.25 hours Additional Training: Annual conference; quarterly workshops (local) |
| Century 21 | |
| Support | |
| Weichert Real Estate | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Field Operations Proprietary Software Franchisee Intranet Platform |
| Century 21 | Newsletter, Meetings, Toll-free phone line, Internet, Field operations/evaluations |
| Marketing | |
| Weichert Real Estate | Co-op Advertising National Media Regional Advertising Social media Email marketing |
| Century 21 | Co-op advertising, Ad slicks, National media, Regional advertising |
| 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) |
| Century 21 | Absentee ownership of franchise is NOT allowed. |
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 |
| Century 21 | |
| Canada Expansion | |
| Weichert Real Estate | |
| Century 21 | |
| International Expansion | |
| Weichert Real Estate | |
| Century 21 | |