What is the transfer fee for a Counselor Realty franchise?
Counselor_Realty Franchise · 2025 FDDAnswer from 2025 FDD Document
ement or policies of such person or entity, by contract or otherwise.
- 9.2 Other Conditions to Transfer. You must apply for our consent by submitting written notice of the pending transfer, with a complete application, signed by you and by the proposed transferee, and payment of the transfer fee, at least 60 days before the proposed transfer date. The transfer fee is $2,000 and applies to all transfers (excluding transfers described in, and in accordance with, the second to last sentence of Section 9.1). We may specifically withhold consent if: (i) you do not pay all amounts you owe to Counselor or its affiliates or to your suppliers; (ii) you (or the transferee) do not complete the repair, maintenance or upgrade of the Business' facility, fixtures, equipment, and signage to then-current System standards; or (iii) all shareholders or owne
Source: Item 22 — CONTRACTS (FDD page 32)
What This Means (2025 FDD)
According to Counselor Realty's 2025 Franchise Disclosure Document, a franchisee must pay a transfer fee of $2,000 when transferring their franchise. This fee applies to all transfers, with the exception of specific transfers of ownership interest that do not result in a change of control, as detailed in Section 9.1 of the franchise agreement.
To initiate a transfer, the franchisee must submit a written notice of the pending transfer, along with a complete application signed by both the current franchisee and the proposed transferee. This application, along with the $2,000 transfer fee, must be submitted to Counselor Realty at least 60 days before the intended transfer date.
Counselor Realty retains the right to withhold consent for the transfer under certain conditions. These conditions include the franchisee's failure to pay all outstanding amounts owed to Counselor Realty or its affiliates, failure to complete necessary repairs or upgrades to the business's facilities to meet current system standards, or failure of all shareholders or owners of the transferee to execute the guaranty of the new agreement. These stipulations ensure that the brand standards and financial obligations are maintained during and after the transfer process.