What is the amount of the Limited Purpose Location Fee for an Engel & Volkers franchise?
Engel_Volkers Franchise · 2025 FDDAnswer from 2025 FDD Document
| Type of Fee | Amount | Due Date | Remarks |
|---|---|---|---|
| Limited Purpose Location Fee | $2,500 per location | Upon receipt of an invoice. | Payable if we permit you to open an additional physical location as a limited purpose location for sales or administrative purposes. |
Source: Item 6 — OTHER FEES (FDD pages 22–30)
What This Means (2025 FDD)
According to Engel & Volkers's 2025 Franchise Disclosure Document, a franchisee must pay a Limited Purpose Location Fee of $2,500 per location. This fee is required if Engel & Volkers permits a franchisee to open an additional physical location to be used for sales or administrative purposes.
The fee is due upon receipt of an invoice from Engel & Volkers. This fee structure provides Engel & Volkers with additional revenue for each additional location a franchisee operates, while also allowing franchisees to expand their presence in a market without incurring the full costs associated with a standard franchise location.
It is important for prospective franchisees to consider this fee as part of their overall investment and operating costs, especially if they plan to expand their operations with multiple limited-purpose locations. Franchisees should also clarify with Engel & Volkers the specific criteria and approval process for opening such locations to ensure they meet all requirements.