Start-Up Costs and Fees |
||
| Weichert Real Estate | SimplySold Real Estate | |
| Investment | 62500 - 324700 | 75300 - 187900 |
| Franchise Fee | 0 | |
| Royalty Fee | 6% | Varies |
| Advertising Fee | 2% | |
| Year Founded | 1969 | 2003 |
| Year Franchised | 2000 | 2006 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Weichert Real Estate | SimplySold Real Estate | |
| Experience | ||
Financing Options |
||
| Weichert Real Estate | SimplySold Real Estate | |
| 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 | SimplySold Real Estate | |
| 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 | |
| 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) | |
Expansion Plans |
||
| Weichert Real Estate | SimplySold 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 | 0 | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Weichert Real Estate | |
| SimplySold Real Estate | |
| Franchise Fee | |
| Weichert Real Estate | |
| SimplySold Real Estate | |
| Royalty Fee | |
| Weichert Real Estate | 6% |
| SimplySold Real Estate | Varies |
| Advertising Fee | |
| Weichert Real Estate | 2% |
| SimplySold Real Estate | |
| Year Founded | |
| Weichert Real Estate | 1969 |
| SimplySold Real Estate | 2003 |
| Year Franchised | |
| Weichert Real Estate | 2000 |
| SimplySold Real Estate | 2006 |
| Term Of Agreement | |
| Weichert Real Estate | 7 years |
| SimplySold Real Estate | 5 years |
| Renewal Fee | |
| Weichert Real Estate | $1K |
| SimplySold Real Estate | $5,000 |
Business Experience Requirements |
|
| Experience | |
| Weichert Real Estate | |
| SimplySold Real Estate | |
Financing Options |
|
| Franchise Fees | |
| Weichert Real Estate | No |
| SimplySold Real Estate | No |
| Start-up Costs | |
| Weichert Real Estate | |
| SimplySold Real Estate | |
| Equipment | |
| Weichert Real Estate} | |
| SimplySold Real Estate | |
| Inventory | |
| Weichert Real Estate | |
| SimplySold Real Estate | |
| Receivables | |
| Weichert Real Estate | |
| SimplySold Real Estate | |
| Payroll | |
| Weichert Real Estate | |
| SimplySold Real Estate | |
Training & Support |
|
| Training | |
| Weichert Real Estate | Classroom Training: 28.25 hours Additional Training: Annual conference; quarterly workshops (local) |
| SimplySold Real Estate | |
| Support | |
| Weichert Real Estate | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Field Operations Proprietary Software Franchisee Intranet Platform |
| SimplySold Real Estate | |
| Marketing | |
| Weichert Real Estate | Co-op Advertising National Media Regional Advertising Social media Email marketing |
| SimplySold Real Estate | |
| 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) |
| SimplySold Real Estate | |
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 |
| SimplySold Real Estate | |
| Canada Expansion | |
| Weichert Real Estate | |
| SimplySold Real Estate | 0 |
| International Expansion | |
| Weichert Real Estate | |
| SimplySold Real Estate | |