To whom is the payment for the opening inventory of supplies made 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 made to vendors. This initial inventory is estimated to cost between $500 and $1,000, and payment is due in a lump sum before the Counselor Realty franchise opens.
The cost of the opening inventory will depend on the size of the office and the scale of business operations. This means a larger Counselor Realty office with more agents will likely require a more extensive and expensive initial inventory of supplies compared to a smaller office.
Prospective Counselor Realty franchisees should factor this cost into their initial investment and ensure they have sufficient capital to cover these expenses before opening. It is also advisable to research and compare different vendors to secure the best prices for the necessary supplies.