When are payments for fixtures and furnishings 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 |
| Real Estate |
Source: Item 7 — INITIAL INVESTMENT (FDD pages 13–15)
What This Means (2025 FDD)
According to Counselor Realty's 2025 Franchise Disclosure Document, payments for fixtures and furnishings are due before opening. The estimated cost for these items ranges from $1,000 to $15,000. These payments are made as incurred to vendors.
The FDD notes that if a franchisee already operates a real estate office, they might not need to purchase new furniture and equipment. However, if they do need to purchase these items, the cost will depend on the amount and type of furniture and equipment selected, as well as the size of the operation.
Prospective Counselor Realty franchisees should factor these costs and payment timelines into their initial budget and business plan. It is important to secure funding or have sufficient capital available to cover these expenses before the office opens to ensure a smooth launch. Franchisees should also obtain quotes from multiple vendors to ensure they are getting competitive pricing on fixtures and furnishings.