Weichert Real Estate Affiliates Inc.
Real estateBackground
Founded: 1969 Franchising since: 2000
Franchisor is a privately-held company with 52 employee(s); 52 employee(s) in franchise department.
Franchise Growth
Where Seeking Franchisees
In the U.S. Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North carolina, North dakota, New hampshire, New jersey, New mexico, Nevada, New york, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode island, South carolina, South dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West virginia, Wyoming
Exclusive territories available.
Territory size: 1-mile radius
|
225 Littleton Rd. Morris Plains, New jersey 07950 |
Phone: (973)359-8377
Franchisee Association
Weichert Advisory Council |
Franchisor is a privately-held company with 52 employee(s); 52 employee(s) in franchise department.
Franchise Growth
| Year | U.S. Franchises | Canadian Franchises | Foreign Franchises | Company Owned |
| 2009 | 262 | 0 | 0 | 164 |
| 2008 | 306 | 0 | 0 | 183 |
| 2007 | 342 | 0 | 0 | 192 |
| 2006 | 226 | 0 | 0 | 220 |
| 2005 | 141 | 0 | 0 | 186 |
Where Seeking Franchisees
In the U.S. Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North carolina, North dakota, New hampshire, New jersey, New mexico, Nevada, New york, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode island, South carolina, South dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West virginia, Wyoming
Exclusive territories available.
Territory size: 1-mile radius
Costs and Fees
|
Total investment: $50K-345.2K Franchise fee: $25K |
Ongoing royalty fee: 6% Term of agreement: 10 years, renewable |
Type of Financing Available
| In-House | Third Party | |
| Franchise Fee | No | No |
| Startup Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Accounts Receivable | No | No |
| Payroll | No | No |
Qualifications
Cash liquidity requirement: Varies
Business Experience:
- Industry experience
- General business experience
- Marketing skills
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)
Training and Support
Training
Ongoing Support
Marketing Support
Other marketing support
- Available at headquarters: 4 days
- At franchisee's location: Ongoing
- Annual conference; quarterly workshops (local)
Ongoing Support
- Newsletter
- Meetings
- Toll-free phone line
- Grand opening
- Internet
- Field operations/evaluations
- Purchasing cooperatives
Marketing Support
- Co-op advertising
- Ad slicks
- National media
- Regional advertising
Other marketing support
- PR program, custom marketing materials
Rankings
Franchise 500® rank:
#245 (2009); #147 (2008); #152 (2007); #221 (2006); #213 (2005);
Fastest-Growing Franchises:
#35 (2008); #44 (2007); #91 (2006); #79 (2005);
Low-Cost Franchises:
#54 (2005);
Top New Ranking:
#10 (2005);
#245 (2009); #147 (2008); #152 (2007); #221 (2006); #213 (2005);
Fastest-Growing Franchises:
#35 (2008); #44 (2007); #91 (2006); #79 (2005);
Low-Cost Franchises:
#54 (2005);
Top New Ranking:
#10 (2005);