Weichert

Weichert

Real estate
Find out what franchise is right for you
2021 Franchise 500 Rank
#337 Ranked #285 last year
See the Full List
Initial investment
$63K - $325K
Units as of 2020
482 6.6% over 3 years

Company Overview

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.

About Weichert

Industry
Services (Other)
Related Categories
Real Estate
Founded
1969
Leadership
Denise Smith, CEO

Franchising Overview

Franchising Since
2000 (21 years)
# of employees at HQ
1,533
Where seeking

This company is seeking new franchisees throughout the US.

# of Units
482 (as of 2020)

Franchisor Information

Corporate Address
225 Littleton Rd.
Morris Plains, NJ 07950

Information for Franchisees

Here’s what you need to know if you’re interested in opening a Weichert franchise.

Financial Requirements & Ongoing Fees

Here’s what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee
$25,000
Initial Investment
$62,500 - $324,700
Net Worth Requirement
$150,000
Royalty Fee
6%
Ad Royalty Fee
2%
Term of Agreement
10 years
Is franchise term renewable?
No

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

Classroom Training
24 hours
Additional Training
Annual conference; quarterly workshops (local)
Ongoing Support
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Field Operations
Proprietary Software
Franchisee Intranet Platform
Marketing Support
Co-op Advertising
Ad Templates
National Media
Regional Advertising
Marketing Planning & Support
Social Media
SEO
Website Development
Email Marketing

Operations

Additional details about running this franchise.

Is absentee ownership allowed?
Yes
Can this franchise be run from home/mobile unit?
No
Can this franchise be run part time?
No
# of employees required to run
5
Are exclusive territories available?
Yes

Franchise 500 Ranking History

Compare where Weichert landed on this year’s Franchise 500 Ranking versus previous years.

Additional Rankings

Curious to know where Weichert ranked on other franchise lists? Find out below.

Ranked #337

Franchise 500 Ranking

Ranked #60

Top Franchises for Less Than $150,000

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.
Updated: February 8th, 2021