If a Counselor Realty franchisee purchases office space, on what does the cost depend?
Counselor_Realty Franchise · 2025 FDDAnswer from 2025 FDD Document
ve:
- A. Counselor estimates that you will need at least 800, but not more than 6,000, square feet of commercial space to operate your Business, depending on the number of agents you wish to employ. If you do not already own or lease the required space, you are responsible for locating and acquiring the space for your Office (subject to Counselor's consent to the site). The cost to purchase or lease real estate varies widely between locations. If you purchase your Office space, your cost will depend on the size and location of the space and the type of improvements you choose to make. If you lease Office space, we estimate that your cost (including improvements) could range from $10 per square foot per year to $35 per square foot per year or more. You are responsible at your cost for all zoning and land use permitting requireme
Source: Item 7 — INITIAL INVESTMENT (FDD pages 13–15)
What This Means (2025 FDD)
According to Counselor Realty's 2025 Franchise Disclosure Document, the cost for a franchisee to purchase office space depends on several factors. These include the size and location of the space, as well as the type of improvements the franchisee chooses to make. The FDD notes that real estate costs can vary significantly depending on location.
For franchisees who choose to lease office space instead of purchasing, the document estimates costs, including improvements, could range from $10 to $35 or more per square foot per year. The size of the commercial space needed to operate the Counselor Realty business is estimated to be between 800 and 6,000 square feet, depending on the number of agents the franchisee plans to employ.
Prospective franchisees should carefully consider these factors and conduct thorough market research to estimate real estate costs accurately. They should also factor in additional expenses for zoning and land use permitting requirements, as they are responsible for covering these costs.