Start-Up Costs and Fees |
||
| Rapid Realty | Weichert Real Estate | |
| Investment | 90000 - 150000 | 62500 - 324700 |
| Franchise Fee | 0 | |
| Royalty Fee | 6% | |
| Advertising Fee | 2% | |
| Year Founded | 0 | 1969 |
| Year Franchised | 0 | 2000 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Rapid Realty | Weichert Real Estate | |
| Experience | ||
Financing Options |
||
| Rapid Realty | Weichert Real Estate | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Rapid Realty | Weichert Real Estate | |
| 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 |
||
| Rapid Realty | Weichert Real Estate | |
| US Expansion | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming | |
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Rapid Realty | |
| Weichert Real Estate | |
| Franchise Fee | |
| Rapid Realty | |
| Weichert Real Estate | |
| Royalty Fee | |
| Rapid Realty | |
| Weichert Real Estate | 6% |
| Advertising Fee | |
| Rapid Realty | |
| Weichert Real Estate | 2% |
| Year Founded | |
| Rapid Realty | 0 |
| Weichert Real Estate | 1969 |
| Year Franchised | |
| Rapid Realty | 0 |
| Weichert Real Estate | 2000 |
| Term Of Agreement | |
| Rapid Realty | |
| Weichert Real Estate | 7 years |
| Renewal Fee | |
| Rapid Realty | |
| Weichert Real Estate | $1K |
Business Experience Requirements |
|
| Experience | |
| Rapid Realty | |
| Weichert Real Estate | |
Financing Options |
|
| Franchise Fees | |
| Rapid Realty | |
| Weichert Real Estate | |
| Start-up Costs | |
| Rapid Realty | |
| Weichert Real Estate | |
| Equipment | |
| Rapid Realty} | |
| Weichert Real Estate | |
| Inventory | |
| Rapid Realty | |
| Weichert Real Estate | |
| Receivables | |
| Rapid Realty | |
| Weichert Real Estate | |
| Payroll | |
| Rapid Realty | |
| Weichert Real Estate | |
Training & Support |
|
| Training | |
| Rapid Realty | |
| Weichert Real Estate | Classroom Training: 28.25 hours Additional Training: Annual conference; quarterly workshops (local) |
| Support | |
| Rapid Realty | |
| Weichert Real Estate | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Field Operations Proprietary Software Franchisee Intranet Platform |
| Marketing | |
| Rapid Realty | |
| Weichert Real Estate | Co-op Advertising National Media Regional Advertising Social media Email marketing |
| Operations | |
| Rapid Realty | |
| Weichert Real Estate | 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 |
|
| US Expansion | |
| Rapid Realty | |
| Weichert Real Estate | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| Canada Expansion | |
| Rapid Realty | |
| Weichert Real Estate | |
| International Expansion | |
| Rapid Realty | |
| Weichert Real Estate | |