Weichert Realtors
Professional Services Real EstateCompany Information
Address
225 Littleton Road Morris Plains, New Jersey 07950
Website
Tel
Email
Franchimp Summary Rating
Higher than 71% of peers
Franchise Summary
Description
The franchisee will operate one or more Weichert Offices providing residential real estate brokerage services and, if the franchisee wishes, non-residential real estate brokerage services.
Company Background
WEICHERT REAL is a real estate company that operates in the United States. Weichert Offices will provide residential and non-residential brokerage services, as well as property management services for commercial clients with the option to offer additional services like mortgage origination.
Franchise Opportunity
Buying or selling a home can be a daunting task. You need an experienced professional to help guide you through the process and represent your best interests. Choosing the right real estate agent can be difficult. There are so many agents out there, how do you know which one to trust? Weichert Real Estate is the answer. We have been helping people buy and sell homes for over 45 years. Our agents are experienced professionals who will guide you through the process and represent your best interests.
Corporate Structure
Weichert Real Estate Affiliates, Inc. is a Delaware corporation incorporated in June, 2001. They do business under the names “WEICHERT®” and “WEICHERT, REALTORS®.” Their principal business address is 225 Littleton Road, Morris Plains, New Jersey 07950.
Royalties and Marketing Fees
Royalties : 6% of Gross Revenues or the Minimum Monthly Royalty, whichever is greater.
Royalties : 2% of Gross Revenues or the Minimum Monthly Marketing Fee, whichever is greater.
Franchise Types Available
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Management Team
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Distribution of Weichert Realtors Franchisees
Weichert Realtors Franchise System Development in 2022
FAQ
How much investment do I need to start my own Weichert Realtors business?
Franchisees typically require at least $62 to $326 investment to get their Weichert Realtors business started
What are the initial franchise fees for Weichert Realtors?
Franchisees typically need to pay at least $25 in fees directly to Weichert Realtors in order to earn the right to launch their business
How much money can I make with a Weichert Realtors franchise? What are
the average revenues for a typical Weichert Realtors business?
We haven’t done the math on how much revenue a typical
Weichert Realtors brings in each year. We estimate that other
franchisees in the Professional Services industry generate
$932,459 revenue, so we would expect
Weichert Realtors to generate a similar amount
How long do I need to commit to running a Weichert Realtors unit? What
is my contractual commitment?
The standard length for an initial franchise contract is 10 years. Renewals are
also generally 10 years
Accessibility
The Franchisor's investment costs ranges from
$62,500 to $326,200
which is
Much Higher
than the $0 to $0 average in the Real Estate industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc
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