Weichert logo
Real estate

Investment

$77,300

Initial Franchise Fee

$25,000

Units

423

Growth Rate

-13%

Overview About Investment Territories Support Operations Ranking History

Overview

Industry Services (Other)
Founded 1969
Franchising Since 2000
Parent Company Weichert Real Estate Affiliates Inc.
Leadership Aram Minnetian, CEO
# of Employees at HQ 1047

Units and Growth Chart

About Weichert

Weichert offers real estate listings for residential and commercial properties. Weichert streamlines the delivery of mortgages, home, and title insurance for clients. 

Weichert is for self-driven brokers not afraid to work hard and for those who can follow a carefully detailed and supported plan of action. If you have basic management skills and discipline, your path to a new level of success may be mapped out for you. 

Why You May Want to Start a Weichert Franchise

As a franchisee, you may have access to experts and world-class tools. You may have the ability to consult with Weichert management, regional real estate experts, and hundreds of your peers around the country. As a franchisee, you may also be given leads so you can spend less time finding them and more time closing. Franchisees may also benefit from a proven real estate system and strong brand reputation and be able to focus on growing and managing your agency.

Weichert might help you reduce your expenses while at the same time giving you access to online tools you might not be able to afford on your own. This means you will likely always have suitable tools, training, and marketing techniques, giving your business the possibility to stand apart from the competition.

What Might Make a Weichert Franchise a Good Choice?

To be part of the Weichert team, you should make sure you’re financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, fees may include advertising fees and royalty fees. Franchisees will also need to meet the company's set net worth requirements. The amount of money you can make from a franchise location may depend on a few factors, such as labor costs, commercial lease rates, and franchise costs.

The Weichert franchise support network includes corporate real estate experts, trainers, technology experts, and personal support that keeps you moving forward through the ups and downs of the real estate market. Weichert has marketing support and management systems in place that are frequently available to you when you join as a franchisee. Their system can work for your real estate business in efficient ways. If you want to be in business for the long haul, the Weichert franchise system may allow you to do just that.

How To Open a Weichert Franchise

The first step to open a Weichert franchise is to submit an inquiry form. You also may want to speak to an attorney or financial advisor before moving forward with the process in order to ensure that you are financially sound enough to open a Weichert franchise.

Before making any financial commitment or signing an agreement, you may want to perform your due diligence and establish if this is the right opportunity for you. Speak to existing franchisees and ask questions directed to the Weichert team. Also, make sure to research your local area to see if a Weichert franchise would do well in your community. While competition is healthy, too much of it may not allow for the most possible growth.

After approval, you may be able to help your community sell properties and grow your firm. 

Investment Details

Initial Franchise Fee $25,000
Initial Investment $77,300 - $359,800
Net Worth Requirement $150,000
Cash Requirement
Royalty Fee 6%
Ad Royalty Fee 2%
Technology Fee 0
Term of Agreement 10 years
Is Franchise Term Renewable? No
Financing N/A
Veterans Incentive N/A

Available Territories

Franchising opportunities available in the following regions

United States

Training & Support Programs

Comprehensive training and ongoing support to help you succeed

Training

On the Job Training
Classroom Training 21 hours

Ongoing Support

Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Field Operations
Proprietary Software

Marketing Support

Ad Templates
National Media
Regional Advertising
Social Media
SEO
Website Development
Email Marketing

Operations & Requirements

Key operational details and requirements for running this franchise

Is absentee ownership allowed? No
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

Ranking History

Weichert performance in the Franchise rankings over recent years

Additional Rankings

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

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise or business opportunity by Entrepreneur Media. Our listings and rankings are solely research tools you can use to compare opportunities. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. That should include reviewing the company's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers.
Updated: December 12th, 2022