What is 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 due upon receipt of an invoice from Engel & Volkers.
This fee is applicable if Engel & Volkers permits a franchisee to open an additional physical location. The purpose of this additional location is specifically limited to sales or administrative functions, indicating it is not intended to operate as a full-service franchise location.
For a prospective Engel & Volkers franchisee, this means that if they wish to expand their physical presence with a limited-purpose location, they should budget an additional $2,500 per location. This is in addition to any other costs associated with setting up and operating the new site. It is important to note that this fee is only payable if Engel & Volkers approves the opening of such a location.