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Promoted Opportunities
#105
Initial Investment
LOW: $50,000
HIGH: $364,700
Change in Units
+7.5% +31 UNITS (1 Year)
+20.2% +75 UNITS (3 Years)
Company Profile
Founded
1969
Franchising Since
2000 (17 Years)
Corporate Address
225 Littleton Rd. Morris Plains, NJ 07950
CEO
Denise Smith
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.
Financials
Financial Requirements
Initial Investment
$50,000 - $364,700
Net-worth Requirement
$150,000
Ongoing Fees
Initial Franchise Fee
$25,000 - $25,000
Ongoing Royalty Fee
6%
Ad Royalty Fee
2%
Units (Locations)
Where Seeking Franchisees:
Franchisor is seeking new franchise units throughout the U.S.
Operations & Franchisor Support
Training Onsite: 2 days
Training at headquarters: 5 days
Additional Training: Annual conference; quarterly workshops (local)
Ongoing Support
Newsletter
Meetings
Toll-Free Line
Grand Opening
Internet
Field Operations
Marketing Support
Co-op Advertising
National Media
Regional Media
Absentee Ownership Allowed
Number of employees required to run: 5
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Disclaimer
The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.
Updated: October 6th, 2016
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