To whom are real estate lease and improvement payments made for a Counselor Realty franchise?
Counselor_Realty Franchise · 2025 FDDAnswer from 2025 FDD Document
| (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 Lease and ImprovementsA | $600 to $12,500 | (See Note A) | (See Note A) | (See Note A) |
Source: Item 7 — INITIAL INVESTMENT (FDD pages 13–15)
What This Means (2025 FDD)
According to Counselor Realty's 2025 Franchise Disclosure Document, the payments for real estate lease and improvements are made as detailed in Note A of Item 7. Note A explains that if a franchisee does not already own or lease the required office space, they are responsible for locating and acquiring it, subject to Counselor Realty's approval. The cost to purchase or lease varies widely by location.
The FDD indicates that the cost for lease and improvements could range from $10 to $35 or more per square foot per year. The franchisee is responsible for all zoning and land use permitting requirements. The initial investment table shows an estimated range of $600 to $12,500 for real estate lease and improvements, but the recipient of these payments is not specified directly in the table, instead referring to Note A.
In summary, while the initial investment table in Item 7 provides an estimated cost range for real estate lease and improvements, the specific entity to whom these payments are made is not explicitly stated. Instead, the FDD refers to Note A, which clarifies that the franchisee is responsible for securing the office space and presumably making payments to the landlord or property owner. A prospective franchisee should confirm with Counselor Realty to whom these payments are directed.