What is the due date for the Limited Purpose Location Fee for Engel & Volkers?
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, the Limited Purpose Location Fee is due upon receipt of an invoice. This fee amounts to $2,500 per location.
This fee is applicable if Engel & Volkers permits a franchisee to open an additional physical location for sales or administrative purposes. This suggests that franchisees may have the option to expand their physical presence beyond their primary franchised location, subject to approval and the associated fee.
For a prospective Engel & Volkers franchisee, this means that if they choose to operate additional limited-purpose locations, they should budget $2,500 per location and be prepared to pay this fee promptly upon receiving an invoice from Engel & Volkers. It is important to note that opening such a location is not guaranteed and is contingent on Engel & Volkers's approval.