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Below is an in-depth analysis and side-by-side comparison of Weichert Real Estate vs The Dry Boys 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 | $74,000 - $116,000 |
Franchise Fee | $25,000 | $30,000 |
Royalty Fee | 6% | 7% |
Advertising Fee | 2% | 2% |
Year Founded | 1969 | - |
Year Franchised | 2000 | - |
Term Of Agreement | 7 years | 10 Years |
Term Of Agreement | 7 years | 10 Years |
Renewal Fee | $1K | - |
Business Experience Requirements |
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Experience | - | Business Experience: NO experience necessary. You will be trained to be a water restoration professional. All you need to be, is a person with manners and willing to work! |
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 | Yes/- |
Inventory | No/No | Yes/- |
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) | raining Business development program Support Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives Marketing Co-op advertising, Ad slicks, National media, Regional advertising |
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)
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Expansion Plans |
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US Expansion | Yes | - |
Canada Expansion | No | - |
International Expansion | No | - |