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Weichert Real Estate Affiliates Inc.

2014 Franchise 500
#256
At a Glance

Products & Services: Real estate

Number of Locations: 372

Total Investment: $50K - $364.7K

Founded: 1969

Began Franchising: 2000

About Weichert Real Estate Affiliates Inc.

Jim Weichert opened his first real estate office in Chatham, New Jersey, in 1969. He began franchising in 2000, and today the company is based in Morris Plains, New Jersey. Franchisees help customers buy and sell both residential and commercial real estate, and streamline the delivery of mortgages and home and title insurance.

Franchise Units

Year U.S. Canadian International Company Owned
2013 229 0 0 143
2012 233 0 0 146
2011 234 0 0 148
2010 236 0 0 159
Where Seeking Franchisees: Franchisor is seeking new franchise units throughout the U.S.
Direct Capital

Startup Costs, Ongoing Fees and Financing

Total Investment: $50,000 - $364,700
Franchise Fee: $25,000
Ongoing Royalty Fee: 6%
Term of Franchise Agreement: 10 years, renewable
Financial Requirements
Net Worth: $150,000
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).

How This Franchise Supports Franchisees

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

Franchise Ranking History

Franchise 500®: #256 (2014), #246 (2013), #254 (2012), #322 (2011), #236 (2010),

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