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Updated RecentlyWeichert Real Estate vs William Raveis Affiliates Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Weichert Real Estate vs William Raveis Affiliates including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $62,500 - $324,700 | $70,000 - $270,500 |
| Franchise Fee | $25,000 | $25,000 |
| Royalty Fee | 6% | 6% |
| Advertising Fee | 2% | - |
| Year Founded | 1969 | 1974 |
| Year Franchised | 2000 | 2007 |
| Term Of Agreement | 7 years | 7 years |
| Term Of Agreement | 7 years | 7 years |
| Renewal Fee | $1K | 10% of then current fran. fee |
Business Experience Requirements |
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| Experience | - | - |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/No | -/- |
| Start-up Costs | No/No | -/- |
| Equipment | No/No | -/- |
| Inventory | No/No | -/- |
| Receivables | No/No | -/- |
| Payroll | No/No | -/- |
Training & Support |
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| 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 Platform | - |
| Marketing | Co-op Advertising National Media Regional Advertising Social media Email marketing | - |
| 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)
| - |
Expansion Plans |
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| US Expansion | Yes | Yes |
| Canada Expansion | No | - |
| International Expansion | No | - |
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.
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#285 in Franchise 500 for 2020.
#337 in Franchise 500 for 2021.
About William Raveis Affiliates
William Raveis is the largest family owned real estate company in the Northeast. It
wasn't good fortune that brought us to this position. It is our conviction that our
agents are our customers - It is our commitment to develop and reinvest in
state-of-the-art technology programs, innovative marketing, and training initiatives
that allow our sales associates not only to achieve, but to excel - It is the result
of the hard work of our sales associates, management and staff who work as a team toward
the same goal.
William Raveis offers franchise opportunities to start-up and existing real estate
organizations in select markets throughout New England.