Weichert Real Estate vs National Restaurant Properties Franchise Comparison

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

Start-Up Costs and Fees

 
Weichert Real Estate Franchise
National Restaurant Properties Franchise
Investment $62,500 - $324,700$39,450 - $105,700
Franchise Fee $25,000$35,000
Royalty Fee 6%6%
Advertising Fee 2%2%
Year Founded 19691968
Year Franchised 20001990
Term Of Agreement 7 years20 years
Term Of Agreement 7 years20 years
Renewal Fee $1K20% of current franchise fee


Business Experience Requirements

 
Weichert Real Estate Franchise
National Restaurant Properties Franchise
Experience --

Financing Options

 
Weichert Real Estate Franchise
National Restaurant Properties Franchise
  In-House/3rd PartyIn-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

 
Weichert Real Estate Franchise
National Restaurant Properties Franchise
Training Classroom Training: 28.25 hours Additional Training: Annual conference; quarterly workshops (local) 2 weeks
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

 
Weichert Real Estate Franchise
National Restaurant Properties Franchise
US Expansion 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.

"Entrepreneur

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


About National Restaurant Properties

Like many American businesses, National Restaurant Properties was born out of necessity. Founder, Bob Dowdy loved creating and growing innovative, fresh business concepts from a very young age. A successful pattern quickly developed where Bob would create, build, sell and start again with each restaurant property he ran. Eventually, there was a light-bulb moment where he realized he enjoyed selling the restaurants more than owning them. After a short time finagling his way into the world of business brokerage, National Restaurant Properties came to fruition.
National Restaurant Properties is America's largest Restaurant brokerage franchise. Our founder has been brokering restaurants since 1968. We offer a proven franchise concept. The system has grown to over 13 locations throughout the Southeast United States. We offer:
*Low entry fee
*Niche market
*Protected territories
*In home or virtual office start up
*Comprehensive training
*Ongoing support
*Demographic package information
*National marketing
*Proprietary website
Our franchise locations work best in positive growth demographic areas.