Rank no. 246 – Weichert Real Estate Affiliates Inc. – US
Weichert Real Estate Affiliates Inc.
Products & Services: Hot wrapped sandwiches, paninis, rice bowls, salads, smoothies
Number of Locations: 80
Total Investment: $149.19K – 365.7K
Began Franchising: 1983
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.
Where Seeking Franchisees: Franchisor is seeking new franchise units throughout the U.S.
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
Net Worth: $150,000
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®: #246 (2013), #254 (2012), #322 (2011), #236 (2010), #245 (2009),
Weichert Real Estate Affiliates, Inc. provides buying and selling services for residential and commercial real estate. The company also streamlines the delivery of mortgages, and home and title insurance. It offers its products and services in the United States. The company was founded in 1969 and is based in Morris Plains, New Jersey.
225 Littleton Road
Morris Plains, NJ 07950
Founded in 1969