What are the acceptable methods of payment for the initial franchise fee for an Engel & Volkers franchise in Washington?
Engel_Volkers Franchise · 2025 FDDAnswer from 2025 FDD Document
hisor and Franchisee have duly executed and delivered this ENGEL & VÖLKERS AMERICAS, INC. Its: Its: Its:
WASHINGTON AMENDMENT TO ENGEL & VÖLKERS FRANCHISE AGREEMENT
This Amendment pertains to franchises sold in the State of Washington that are subject to the Washington Franchise Investment Protection Act (the "Act") and is for the purpose of complying with Washington statutes and regulations. Signing this Amendment where the jurisdictional requirements of the Act are not met does not subject the parties to the provisions of the Act. Notwithstanding anything which may be contained in the body of the Franchise Agreement to the contrary, the Agreement is amended as follows:
Franchisor and Franchisee hereby agree that the Franchise Agreement dated _______, 20___, will be amended as follows:
Section 14.1 of the Franchise Agreement is amended to read:
"Initial Franchise Fee: Franchisee will pay Franchisor a non-refundable Initial Franchise Fee of $35,000.00 by cashier's check or bank certified check, or by such other means as required by Franchisor, at the time: (a) Franchisee has received all pre-opening and initial training (Engel & Volkers Franchisee System Training, provided that at least one employee must complete the LPT training pre-op
Source: Item 22 — CONTRACTS (FDD page 88)
What This Means (2025 FDD)
According to Engel & Volkers's 2025 Franchise Disclosure Document, the acceptable methods of payment for the initial franchise fee in Washington are cashier's check, bank certified check, or other means required by Engel & Volkers. The initial franchise fee is $35,000. An additional non-refundable initial franchise fee of $5,000 is required for each additional physical location.
The FDD states that the franchisee must pay the initial franchise fee when they have received all pre-opening and initial training and are open for business. The franchisee is not allowed to pay the initial franchise fee before this time.
It is important for prospective franchisees to note that Engel & Volkers retains the right to specify the payment method. Franchisees should confirm with Engel & Volkers the currently accepted payment methods to ensure compliance and avoid any delays in the franchise opening process. Franchisees should also be aware of the conditions under which the initial franchise fee is payable, specifically after training and being open for business.