Start-Up Costs and Fees |
||
| Weichert Real Estate | Elliott & Company Appraisers | |
| Investment | 62500 - 324700 | 3700 - 18900 |
| Franchise Fee | 0 | 0 |
| Royalty Fee | 6% | 8-18% |
| Advertising Fee | 2% | |
| Year Founded | 1969 | 1980 |
| Year Franchised | 2000 | 1993 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Weichert Real Estate | Elliott & Company Appraisers | |
| Experience | ||
Financing Options |
||
| Weichert Real Estate | Elliott & Company Appraisers | |
| 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 | Elliott & Company Appraisers | |
| Training | Classroom Training: 28.25 hours Additional Training: Annual conference; quarterly workshops (local) | State required continuing education every year |
| Support | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Field Operations Proprietary Software Franchisee Intranet Platform | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, 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) | Franchise can be run from home. 0% of all franchisees own more than one unit Number of employees needed to run franchised unit: 1 - 2 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
||
| Weichert Real Estate | Elliott & Company Appraisers | |
| 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 | Alaska, Alabama, Arkansas, Arizona, Colorado, Connecticut, Delaware, Florida, Georgia, Idaho, Kansas, Kentucky, Louisiana, Massachusetts, Maine, Missouri, Mississippi, Montana, Nebraska, North Carolina, New Hampshire, New Jersey, New Mexico, Ohio, Oklahoma, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, Vermont, West Virginia, Wyoming, |
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Weichert Real Estate | |
| Elliott & Company Appraisers | |
| Franchise Fee | |
| Weichert Real Estate | |
| Elliott & Company Appraisers | |
| Royalty Fee | |
| Weichert Real Estate | 6% |
| Elliott & Company Appraisers | 8-18% |
| Advertising Fee | |
| Weichert Real Estate | 2% |
| Elliott & Company Appraisers | |
| Year Founded | |
| Weichert Real Estate | 1969 |
| Elliott & Company Appraisers | 1980 |
| Year Franchised | |
| Weichert Real Estate | 2000 |
| Elliott & Company Appraisers | 1993 |
| Term Of Agreement | |
| Weichert Real Estate | 7 years |
| Elliott & Company Appraisers | 5 years |
| Renewal Fee | |
| Weichert Real Estate | $1K |
| Elliott & Company Appraisers | $500 |
Business Experience Requirements |
|
| Experience | |
| Weichert Real Estate | |
| Elliott & Company Appraisers | |
Financing Options |
|
| Franchise Fees | |
| Weichert Real Estate | No |
| Elliott & Company Appraisers | No |
| Start-up Costs | |
| Weichert Real Estate | |
| Elliott & Company Appraisers | |
| Equipment | |
| Weichert Real Estate} | |
| Elliott & Company Appraisers | |
| Inventory | |
| Weichert Real Estate | |
| Elliott & Company Appraisers | |
| Receivables | |
| Weichert Real Estate | |
| Elliott & Company Appraisers | |
| Payroll | |
| Weichert Real Estate | |
| Elliott & Company Appraisers | |
Training & Support |
|
| Training | |
| Weichert Real Estate | Classroom Training: 28.25 hours Additional Training: Annual conference; quarterly workshops (local) |
| Elliott & Company Appraisers | State required continuing education every year |
| Support | |
| Weichert Real Estate | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Field Operations Proprietary Software Franchisee Intranet Platform |
| Elliott & Company Appraisers | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
| Marketing | |
| Weichert Real Estate | Co-op Advertising National Media Regional Advertising Social media Email marketing |
| Elliott & Company Appraisers | 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) |
| Elliott & Company Appraisers | Franchise can be run from home. 0% of all franchisees own more than one unit Number of employees needed to run franchised unit: 1 - 2 Absentee ownership of franchise is NOT allowed. (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 |
| Elliott & Company Appraisers | Alaska, Alabama, Arkansas, Arizona, Colorado, Connecticut, Delaware, Florida, Georgia, Idaho, Kansas, Kentucky, Louisiana, Massachusetts, Maine, Missouri, Mississippi, Montana, Nebraska, North Carolina, New Hampshire, New Jersey, New Mexico, Ohio, Oklahoma, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, Vermont, West Virginia, Wyoming, |
| Canada Expansion | |
| Weichert Real Estate | |
| Elliott & Company Appraisers | |
| International Expansion | |
| Weichert Real Estate | |
| Elliott & Company Appraisers | |