What is the estimated monthly lease payment range for an automobile for an Exit franchisee?
Exit Franchise · 2025 FDDAnswer from 2025 FDD Document
rs®, Local Board Fees and Multiple Listing Service (MLS) Memberships.
Note 6 While not required under the terms of the Franchise Agreement, an individual Franchisee will need an automobile to provide real estate services. The individual may supply his or her own automobile or may cause the business to lease or purchase an automobile. The average monthly lease payment included in this table ranges from $400-$800.
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 15–17)
What This Means (2025 FDD)
According to Exit's 2025 Franchise Disclosure Document, while not required, an Exit franchisee will likely need an automobile to provide real estate services. The franchisee can either use their own vehicle or lease one for the business. The estimated monthly lease payment ranges from $400 to $800. This estimate is further reflected in the table outlining the estimated initial investment, where the total cost for an automobile lease is projected to be between $4,800 and $9,000. This figure likely represents the cumulative lease payments for a year.
Prospective Exit franchisees should consider the cost of an automobile, whether they plan to use their own vehicle or lease one. If leasing, the monthly payments will impact their operating expenses. The FDD provides an estimate for the initial investment, but franchisees should research local leasing options to determine the actual costs in their area.
It's important to note that the cost of the automobile lease is included in the overall estimated initial investment, which ranges from $60,800 to $209,000. This total figure encompasses various expenses, such as the initial franchise fee, training expenses, real property lease, insurance, equipment, and additional funds for the first six months of operation. Franchisees should carefully review all the estimated costs and plan their budget accordingly.