Does Counselor Realty provide assistance in acquiring space for the office?
Counselor_Realty Franchise · 2025 FDDAnswer from 2025 FDD Document
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Notes to Item 7, above:
- A. Counselor estimates that you will need at least 800, but not more than 6,000, square feet of commercial space to operate your Business, depending on the number of agents you wish to employ. If you do not already own or lease the required space, you are responsible for locating and acquiring the space for your Office (subject to Counselor's consent to the site). The cost to purchase or lease real estate varies widely between locations. If you purchase your Office space, your cost will depend on the size and location of the space and the type of improvements you choose to make. If you lease Office space, we estimate that your cost (including improvements) could range from $10 per square foot per year to $35 per square foot per year or more. You are responsible at your cost for all zoning and land use permitting requireme
Source: Item 7 — INITIAL INVESTMENT (FDD pages 13–15)
What This Means (2025 FDD)
According to Counselor Realty's 2025 Franchise Disclosure Document, franchisees are responsible for locating and acquiring a site for their office, subject to Counselor Realty's approval. The FDD estimates that an office space should be between 800 and 6,000 square feet, depending on the number of agents the franchisee plans to employ. The cost to lease space, including improvements, is estimated to range from $10 to $35 or more per square foot annually.
This means that prospective Counselor Realty franchisees need to independently find and secure a suitable location for their business. They will bear the costs associated with real estate, including leasehold improvements, and must also ensure compliance with all local zoning and land use requirements. The franchisee is responsible for all costs associated with securing the location.
The initial investment table in Item 7 of the FDD lists 'Real Estate Lease and Improvements' with an estimated cost of $600 to $12,500. This figure is further explained in Note A, which clarifies that the actual costs can vary significantly based on location and the extent of improvements needed. This range reflects the variability in real estate costs and the potential for leasehold improvements, which the franchisee must manage and finance.
Given that franchisees are responsible for site selection, it is crucial to conduct thorough market research to identify a location that aligns with Counselor Realty's requirements and the franchisee's business plan. Prospective franchisees should also factor in potential costs for legal and professional fees, as noted in the FDD, for assistance with lease negotiations or business formation.