To whom are payments for fixtures and furnishings 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 |
| 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 made to vendors. The estimated cost for fixtures and furnishings ranges from $1,000 to $15,000. These payments are due as incurred, specifically before opening the Counselor Realty franchise.
This means a prospective Counselor Realty franchisee should budget between $1,000 and $15,000 for items such as desks, chairs, scanners, copy machines, and computers, depending on whether they already operate a real estate office and the size of their operation. These costs are paid directly to the vendors from whom the franchisee purchases these items.
It is important for prospective franchisees to obtain quotes from multiple vendors to ensure they are receiving competitive pricing on these items. The wide range in the estimated cost suggests that franchisees have some flexibility in selecting the quality and quantity of fixtures and furnishings, which can impact the overall initial investment. If a franchisee already has some of the necessary fixtures and furnishings, their initial investment could be lower.