When is the initial fee due for a Christies International Real Estate franchise?
Christies_International_Real_Estate Franchise · 2025 FDDAnswer from 2025 FDD Document
INVESTMENT
| Type of Expenditure (Note 1) | Estimated Amount | Method of Payment | When Due | To Whom Payment is to be Made |
|---|---|---|---|---|
| Initial Fee | $35,000 | Lump sum | When you sign the License | Us |
| (Note 2) | A |
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 17–20)
What This Means (2025 FDD)
According to Christies International Real Estate's 2025 Franchise Disclosure Document, the initial franchise fee of $35,000 is due when you sign the License Agreement. This fee is paid as a lump sum to Christies International Real Estate. It is important to note that this fee, like all fees paid to Christies International Real Estate, is non-refundable.
Prospective franchisees should factor this payment schedule into their financial planning. Unlike some other initial investments that are paid over time or as incurred, the initial franchise fee represents a significant upfront cost. Franchisees need to have this amount readily available when finalizing the agreement to secure their Christies International Real Estate franchise.
Understanding the timing and non-refundable nature of the initial fee is crucial for potential Christies International Real Estate franchisees as they evaluate the financial requirements and risks associated with this franchise opportunity. This up-front payment is a standard practice in franchising, but the specific amount and terms can vary widely across different franchise systems.