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Entrepreneur: Start & Grow Your Business

Weichert Real Estate Affiliates Inc.

Real estate

Background

Founded: 1969 Franchising since: 2000
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
  • 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);