Weichert Real Estate vs State Wide Real Estate Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Weichert Real Estate vs State Wide Real Estate including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
Weichert Real Estate Franchise
State Wide Real Estate Franchise
Investment $62,500 - $324,700$10,000 - $50,000
Franchise Fee $25,000$5,000
Royalty Fee 6%5%
Advertising Fee 2%-
Year Founded 19691944
Year Franchised 20001979
Term Of Agreement 7 years5 years
Term Of Agreement 7 years5 years
Renewal Fee $1K-


Business Experience Requirements

 
Weichert Real Estate Franchise
State Wide Real Estate Franchise
Experience -
  • Industry experience

  • Financing Options

     
    Weichert Real Estate Franchise
    State Wide Real Estate Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/NoYes/No
    Start-up Costs No/NoNo/No
    Equipment No/NoNo/No
    Inventory No/NoNo/No
    Receivables No/NoNo/No
    Payroll No/NoNo/No

    Training & Support

     
    Weichert Real Estate Franchise
    State Wide Real Estate Franchise
    Training Classroom Training: 28.25 hours Additional Training: Annual conference; quarterly workshops (local) -
    Support Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Field Operations Proprietary Software Franchisee Intranet PlatformNewsletter, Meetings, Toll-free phone line, Grand opening, Internet
    Marketing Co-op Advertising National Media Regional Advertising Social media Email marketingCo-op advertising, Ad slicks, Regional advertising
    Operations 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)

    3% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 2 - 10

    Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators)


    Expansion Plans

     
    Weichert Real Estate Franchise
    State Wide Real Estate Franchise
    US Expansion YesYes
    Canada Expansion NoNo
    International Expansion NoNo

    Company Overviews

    About Weichert Real Estate

    Weichert, Realtors opened in 1969 with a single office. Jim Weichert opened his first real estate office in Chatham, New Jersey,  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.

    "Entrepreneur

    #285 in Franchise 500 for 2020.
    #337 in Franchise 500 for 2021.


    About State Wide Real Estate

    Do You...

    State Wide Real Estate is looking for franchisees in Michigan.