Weichert Real Estate Affiliates Inc.

Weichert Real Estate Affiliates Inc.

Weichert Real Estate Affiliates Inc.
#137

Initial Investment

LOW: $50,000
HIGH: $364,700

Change in Units

+7.2% +30 UNITS (1 Year)
+10.6% +44 UNITS (3 Years)

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Promoted Opportunities

Company Profile

Founded

1969

Franchising Since

2000 (16 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

Ongoing Royalty Fee

6%

Ad Royalty Fee

2%

Franchise 500® Rank History

Highest Rank: 137

Lowest Rank: 322

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
Regional Media
National 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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