What is the one-time fee for an Engel & Volkers Limited Purpose Location?
Engel_Volkers Franchise · 2025 FDDAnswer from 2025 FDD Document
Fee will apply if we grant you the right to open and operate an additional physcial loation within your Protected Area. An additional one-time fee of $2,500 will apply for any Limited Purpose Location we may permit you to open. The Initial Franchise Fee and the Limited Purpose Location Fee must be paid by cashier's check, certified bank check or any other method as we require in ac
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 30–38)
What This Means (2025 FDD)
According to Engel & Volkers's 2025 Franchise Disclosure Document, if Engel & Volkers permits a franchisee to open a Limited Purpose Location, the franchisee must pay a one-time fee of $2,500. This fee is in addition to the initial franchise fee.
This fee is not refundable and must be paid via cashier's check, certified bank check, or another method specified by Engel & Volkers in the Franchise Agreement. This fee is separate from the initial franchise fee, which has a minimum of $35,000 and can increase depending on factors such as the protected area size, number of locations, market potential, population base, residential property character, and total market turnover.
For a prospective Engel & Volkers franchisee, this means that opening a Limited Purpose Location will add an extra $2,500 to the initial costs. Franchisees should consider this expense when planning their initial investment and business strategy, especially if they anticipate opening multiple types of locations. Understanding the conditions under which Engel & Volkers permits Limited Purpose Locations is crucial for financial planning.