FranchiseVerdict
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FV-02950·MODERATEExcellent81

Weichert

Real EstateFranchising since 2001Website
Investment
$77K – $360K
70th pct Real Estate
Avg revenue
32nd pct Real Estate
Royalty
6.0%
27th pct Real Estate
Units
338
80th pct Real Estate
SBA default
0.0%
vs <3% typical

Bottom line

  • Total investment $77K – $360K including a $25K franchise fee, 6.0% ongoing royalty.
  • No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
  • Rated MODERATE with a risk score of 64/100. SBA loan default rate of 0.0% across 16 loans (below the industry average).
  • System contracting at -13.8% CAGR over 3 years. Investigate whether closures are franchisor-driven (consolidation) or franchisee-driven (economics).

Item 1 · who you're contracting with

The Franchisor

Legal entity
Weichert Real Estate Affiliates, Inc.
Incorporated in
Delaware
HQ
1625 State Route 10 East, Morris Plains, New Jersey 07950
Auditor
Crowe LLP
Audited financials
Franchisor revenue
$17.9M
vs $18.3M prior year

Yale framework · single-unit ROIC

Returns Analysis

Pulls Item 7 (investment) and Item 19 (revenue) from this brand's FDD into the Yale unlevered-ROIC formula. Override any input to stress-test it against your own assumptions.

The model · Yale framework

What would one Weichert unit return on the cash you put in?

Revenue · per unit, per year
$
Item 19 not disclosed — typing your own estimate
Franchisor take · royalty + ad fund
Royaltytyp 68%
%
Ad fundtyp 35%
%
Operating costs · category default: generic
COGS
%
Labor
%
Rent / occupancy
%
Other operating
%
Total invested capital · what you actually put in
Initial investment
$
FDD Item 7: $77K–$360K
Working capital
$
FDD reports $30K–$100K

Unlevered ROIC · per unit

40%

In Yale's "attractive" band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$113K
EBITDA margin
15.0%
Total invested
$284K
Payback
30 mo
Unit-level only. A multi-unit portfolio gives up roughly 5–15% of this to shared services (corporate G&A) before reaching the ~10-unit break-even Yale describes.

Overview

About

Weichert franchisees operate residential real estate brokerage offices, managing agents who list and sell properties, handling client transactions, managing office operations, compliance, and marketing within their local territory. Franchisees generate revenue through commission splits on agent sales while paying corporate royalties and fees.

CEO
Aram R. Minnetian
Founded
2001
FDD year
2026
States available
40

Item 7 · what it costs

The Vitals

Total investment
$77K – $360K
All-in to open one unit
Liquid capital
$30K – $100K
Cash you must have on hand
Franchise fee
$25K
Royalty
6.0%
Percentage of Gross Revenues · typical 6–8%
Ad fund
2.0%
typical 3–5%
Total fee load
8.0%
vs 9–13% typical

Item 19

Financial Performance

This franchisor did not disclose financial performance representations in Item 19, or our extractor could not parse them.

Item 20 · unit dynamics

The Growth Chart

Total units
338
Opened
7
Last reporting year
Closed
41
Turnover rate
12.1%
Company-owned
75
Corporate units in the system
% franchised
78%
vs corporate-owned
Net growth (yr3)
-11.4%
Net unit change last year
3-yr CAGR
-13.8%
Compounded over last 3 years
2024
263-34
Franchised units
2025
297
Franchised units
2026
305
Franchised units

Year-over-year franchised unit counts and net change. Source: FDD Item 20.

Item 20 · 15 states with active franchisees

The Territory Map

Derived from franchisee contact records. Shows states with at least one current operator — not where the franchisor is registered to sell new units (that data is re-extracting in a future refresh).

AK
ME
VT
NH
MA
RI
CT
NY
NJ
PA
DE
MD
DC
WA
OR
CA
NV
ID
MT
WY
UT
CO
AZ
NM
ND
SD
NE
KS
OK
TX
MN
IA
MO
AR
LA
WI
IL
MS
TN
MI
IN
KY
AL
OH
WV
GA
VA
NC
SC
FL
HI
Registered · 15 states
Not registered

States derived from franchisee phone area codes (Item 20). Approximate — ported numbers may show the original state, not the franchisee's current location.

Government records

SBA Loan Data

Aggregated from SBA 7(a) loan disclosures, public data unique to FranchiseVerdict.

Total loans
16
Loan volume
Avg loan
Default rate
0.0%
vs <3% typical · system-wide
5-yr default

FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17

Risk & Legal

64
Risk · 0-100
MODERATE64 / 100

Weichert presents high risk due to declining unit count (-11.4% YoY), multiple active antitrust lawsuits with uncertain franchisee liability, missing financial performance data, and unprotected territory—making ROI assessment impossible and system stability questionable.

Score breakdown · what drove the 64 / 100 rating

  1. 01MEDUnit count declined 11.4% YoY (338 units), indicating significant system contraction and potential franchisee failure rate
  2. 02MINORMultiple active class action lawsuits (Gibson, Batton, 1925 Hooper) related to NAR antitrust conspiracy with uncertain liability exposure for franchisees
  3. 03MEDNo average revenue or net income disclosure (missing Item 19) prevents assessment of franchisee profitability and ROI on $77k-$360k investment
  4. 04MINORUnprotected territory creates direct competition risk from other Weichert franchisees in same geographic area
  5. 05MINORMinimum monthly royalty structure (6% or minimum, whichever is greater) could strain cash flow during slow periods
  6. 06HIGHRecent litigation settlements (TCPA violation) and Washington State 'no poaching' investigation signal compliance and employment law risks
  7. 07MINORShrinking franchise system raises questions about brand support, marketing effectiveness, and long-term viability

Severity inferred from the FDD text · not a regulatory classification

FDD Items 5, 6, 12, 17 · continued from Risk & Legal

Contract & Territory Detail

Territory
Boundary
Protected territory
No
Initial term
10 years
Renewal term
0 years
Online sales rights
Granted
Franchisor can compete
Yes
Hire a manager?
Allowed
Litigation count
6
Right of first refusal
Yes
Franchisor can buy back on resale
Mandatory arbitration
Yes
Jury trial waiver
Yes
Non-compete
1 yrs
Post-termination restriction
Owner-operator
Required
Governing law
New Jersey

Item 11

Training & Operations

Classroom training
21 hrs
On-the-job training
0 hrs
POS system
BrokerSumo / myWeichert
Operating tech stack

Item 20

Franchisee Contacts

Phone numbers extracted directly from this brand's FDD Item 20. After purchase, you'll also receive a list of validation questions tailored to this brand.

Franchisee contacts

98 numbers

Locked
(256) 259-••••
AL
(812) 479-••••
IN
(305) 974-••••
FL

One-time purchase · CSV download · Validation questions included

FDD download

Weichert · FDD (2026) PDF

Single-page checkout · instant download · CSV export of contacts available separately above