What is the estimated range for real estate lease and improvements for a Counselor Realty franchise?
Counselor_Realty Franchise · 2025 FDDAnswer from 2025 FDD Document
| (1) Type of Expenditure | (2) Amount | (3) Method of Payment | (4) When Due | (5) To Whom Payment is to be Made |
|---|---|---|---|---|
| Initial Fee (see Item 5) | $7,500 to $15,000 | Lump sum | When you sign Franchise Agreement | Counselor |
| Real Estate Lease and ImprovementsA | $600 to $12,500 | (See Note A) | (See Note A) | (See Note A) |
Source: Item 7 — INITIAL INVESTMENT (FDD pages 13–15)
What This Means (2025 FDD)
According to Counselor Realty's 2025 Franchise Disclosure Document, the estimated initial investment for real estate lease and improvements ranges from $600 to $12,500. This figure is detailed in Item 7, which outlines the initial investment needed to start a Counselor Realty franchise. Note A clarifies that these costs can vary significantly depending on the location and size of the office space.
The FDD notes that the cost to purchase or lease real estate varies widely between locations. If a franchisee chooses to lease office space, the estimated cost, including improvements, could range from $10 to $35 per square foot per year or more. The franchisee is responsible for all zoning and land use permitting requirements, adding another layer of potential cost and complexity.
Given the wide range, prospective Counselor Realty franchisees should carefully research real estate costs in their target market. Factors such as the desired office size, the number of agents to be employed, and the extent of necessary improvements will all influence the final cost. It is crucial to conduct thorough due diligence and potentially consult with local real estate professionals to develop a realistic budget for this aspect of the initial investment.