Weichert Real Estate Franchise
Tuesday, April 27, 2010 at 09:19AM Real estate
Weichert, Realtors® opened in 1969 with a single office. Today, Weichert has nearly 18,000 USD sales associates in more than 500 company-owned and franchised sales offices in key markets throughout the U.S." A family of full-service real estate and financial services companies, Weichert helps customers buy and sell both residential and commercial real estate, and streamlines the delivery of mortgages and home and title insurance.
The Weichert franchise organization, launched in January 2002, now serves hundreds of markets in 35 states, with over 7,000 USD associates in the affiliated offices alone. The Weichert® Family of Companies experienced its second best year on record, amassing an impressive $73 Billion in total company volume in 2006. Weichert is one of the nation's largest privately owned providers of real estate and home ownership services.
Take the video tour and then come visit us in person at our northern New Jersey headquarters. Then read some of our testimonials. Because the proven track records of our Weichert affiliate offices best demonstrate the strength of our commitment to businesses like yours.
Start-up Costs & Franchises Fees
What is the total cost to open a Weichert Real Estate Franchises?
Total Cost: $45,000 USD -$254,000 USD
Total Franchise Fees: $25,000 USD
Ongoing Royalty Fees: 6%
Ongoing Advertising Fees:
Term of Agreement: 7 years
Franchise Agreement Renewal Fee: $1K
Contact Information for Weichert Real Estate
|
Weichert Real Estate Affiliates Inc. |
Phone Number: (973)359-8377 |
Weichert Real Estate In the Press
No results at this time.Historical Expansion
In what year did Weichert Real Estate begin operations? 1969
When did Weichert Real Estate begin selling franchises? 2000
Year United States Canada International Corporate 2005 131 0 0 181 2004 95 0 0 180 2003 46 0 0 181 2002 12 0 0 195 2001 0 0 0 200
Franchise Financing Information
Cost In House Financing Available? 3rd Party Financing Available? Franchise Fee No No Initial Start-up Capital No No Plant, Property, and Equipment No No Inventory No No Accounts Receivable No No Payroll No No
Training & Support
Support
In the Pressletter, Meetings, Toll free phone number, Grand opening support, Internet referrals, Field support and site evaluation, Purchasing cooperatives
Marketing
Cooperative advertising, Ad slicks, National media, Regional advertising support
Franchise Operation Restrictions
10% of all franchise business owners own more than one franchise location.Number of employees needed to run franchised unit: 15
Absentee ownership of franchise is allowed. (100% of current franchise business owners are owner/operators)
Franchise Analyzer Professional's Inside Information
Can you buy this franchise for no money down? YesPlease note: You must download a free copy of Franchise Analyzer Professional to receive these benefits and so much more. Click here to download your FREE copy now.
What key terms in the franchise agreement can be negotiated? Cross-default provisions, arbitration clause, personal guarantee, default cure periods, non-compete agreement, favorable valuations for corporate buyout
Can you negotiate lower royalties during start-up? Yes
Can you purchase multiple franchises for a discounted franchise fee? Yes
Can you receive lower advertising fees? Yes
Will I know when the franchise break even? Yes
Will my personal assets including my home be safe in case my franchise business fails? Yes