When is the office rent due for an All Team agency?
All_Team Franchise · 2025 FDDAnswer from 2025 FDD Document
| TYPE OF EXPENDITURE | AMOUNT | METHOD OF PAYMENT | WHEN DUE | TO WHOM PAYMENT IS TO BE MADE | |----------------------------------------------------------------|-------------------|----------------------|----------------------------------------|----------------------------------------| | Office Rent | $3,300 - $7,500 | Lump sum | At the time you sign the lease | Landlord | Note 1 – Office Rent and Lease Deposit. You must lease or own space in an office building out of which you will operate your Agency. You will generally need between 1,000 and 1,200 square feet. Rent is estimated to be between $1,000 and $2,500.00 per month depending on factors such as size, condition and location of the leased premises. The amount in the chart represents 3 months' rent. You may have to make leasehold improvements to the property. The cost of the leasehold improvements may vary in different locations. In many situations, the landlord may pay for the improvements and may factor that cost into your rental payments, and therefore the low estimate for leasehold improvements would be $0. Usually, a landlord will require you to pay a security deposit of one month's rent. This amount may be refundable by the landlord based on the terms of the lease.
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 13–15)
What This Means (2025 FDD)
According to All Team's 2025 Franchise Disclosure Document, office rent is due at the time you sign the lease. The FDD estimates that office rent will range from $3,300 to $7,500. This amount represents three months' rent, with the monthly rent estimated to be between $1,000 and $2,500, depending on the size, condition, and location of the premises.
In addition to the rent, the franchisee should also be prepared to pay a lease deposit, which is estimated to be between $1,100 and $2,500, also due at the time of signing the lease. The lease deposit typically covers one month's rent and may be refundable based on the lease terms. The FDD also notes that the landlord may factor the cost of any leasehold improvements into the rental payments.
Prospective All Team franchisees should carefully review the lease agreement and negotiate terms with the landlord to ensure a clear understanding of payment schedules, deposit refunds, and any potential costs associated with leasehold improvements. It is important to budget accordingly for these initial expenses when setting up the All Team agency.