What is the estimated range for office set-up and improvements for a Remax franchise?
Remax Franchise · 2025 FDDAnswer from 2025 FDD Document
| Type of expenditure | Amount | Method of payment | When due | To whom payment is to be made |
|---|---|---|---|---|
| Initial franchise fee2 | $17,500 - $37,500 | Lump Sum or Financed2 | Upon Signing Franchise Agreement | RE/MAX, LLC |
| Office set-up/improvements3 | $3,500 - $72,000 | As Agreed | As Incurred | Third Parties |
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 43–47)
What This Means (2025 FDD)
According to Remax's 2025 Franchise Disclosure Document, the estimated initial investment for office set-up and improvements ranges from $3,500 to $72,000. This broad range reflects the variability in costs depending on several factors. These costs are paid to third parties as incurred.
The FDD notes that if a franchisee is converting an existing real estate office rather than starting a new one, the initial investment for office set-up and improvements may be closer to the lower end of the range. However, if starting a new office that is 1,000 square feet in size, these costs should typically be in the $15,000 - $70,000 range. The actual cost of the office space and improvements will depend on whether the franchisee leases or purchases the space, the size, condition, and location of the office premises, the demand for the office premises among prospective lessees, the type of tenant finish or improvement chosen, and how the franchisee prefers to furnish and decorate the office premises.
Remax indicates that the range of total expenditures may vary considerably from the amounts estimated. For example, if the office is larger than 1,000 square feet, the initial outlay may be considerably higher than the upper range listed in the table, depending upon how much additional space is leased. Initial investment costs for particular categories may also vary significantly depending on a number of factors including such things as the geographic location of the office and whether or not it is a conversion of an existing real estate office. If the office is located in a luxury resort community, the initial investment costs could be substantially higher than the upper range indicated in the table.