When are professional fees 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 Lea |
Source: Item 7 — INITIAL INVESTMENT (FDD pages 13–15)
What This Means (2025 FDD)
According to Counselor Realty's 2025 Franchise Disclosure Document, professional fees, which range from $0 to $6,000, are due as incurred before opening. These fees are paid to attorneys and accountants.
This means that a new Counselor Realty franchisee should budget for these professional fees as part of their initial investment. The timing of these payments is important for managing cash flow during the startup phase. Since these fees are paid directly to the professionals providing the services, Counselor Realty does not control the payment schedule.
Prospective franchisees should obtain detailed quotes from attorneys and accountants to get a more precise estimate of these costs. Understanding the scope of services and payment terms will help in accurately forecasting the initial investment required to start a Counselor Realty franchise. It is also important to note that the $0 to $6,000 range is just an estimate, and actual costs could be higher depending on the complexity of the legal and accounting work required.