When is the payment for the opening inventory of supplies due for a Counselor Realty franchise?
Counselor_Realty Franchise · 2025 FDDAnswer from 2025 FDD Document
NT**
| (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 |
Source: Item 7 — INITIAL INVESTMENT (FDD pages 13–15)
What This Means (2025 FDD)
According to Counselor Realty's 2025 Franchise Disclosure Document, the payment for the opening inventory of supplies is due before opening. The estimated cost for this inventory ranges from $500 to $1,000, payable as a lump sum to the vendors.
This means that a new Counselor Realty franchisee must budget for these supply costs and ensure payment is made to the appropriate vendors before commencing business operations. The specific amount will depend on the size of the office and the scale of the business operation, as detailed in Note C of Item 7.
It is important for prospective franchisees to factor this expense into their initial investment calculations and to clarify with Counselor Realty and potential vendors what specific supplies are required and accepted payment methods to avoid any delays in opening.