About Marsh and Munar Team Franchise
Co/LAB is a mortgage brokerage franchise that gives owners the opportunity to operate an independent mortgage business under a recognized brand.
Each location provides mortgage brokerage services including processing, originating, and soliciting loan applications for home purchases and refinancing, serving the general public with personalized guidance through the lending process.
The franchise fee is $30,000, and Co/LAB has been franchising since 2024.
Marsh and Munar Team Franchise Cost & Fees
Minimum Investment
$55K
Average Investment
$88K
Maximum Investment
$122K
| Fee Type | Amount | Notes |
|---|---|---|
| Initial Franchise Fee | $30,000 | One-time payment upon signing |
| Royalty Fee | 6% of your gross sales of gross sales | Ongoing; paid monthly |
| Marketing/Ad Fund | 1% of your gross sales (Marketing Fund Contribution) | National brand fund |
| Total Investment Range | $54,750 – $121,600 | Includes build-out, inventory, working capital |
The investment range of $55K–$122K reflects variability in build-out costs, store size, lease terms, and market. The combined royalty (6% of your gross sales) and marketing fee (1% of your gross sales (Marketing Fund Contribution)) are ongoing costs paid as a percentage of gross sales.
Investment Breakdown (Item 7)
| Item | Low | High |
|---|---|---|
| Initial franchise fee (see Note 1) | $30,000 | $37,500 |
| Rent and Lease Security Deposit (see Note 2) | $2,500 | $6,000 |
| Utilities | $0 | $500 |
| Leasehold Improvements | $0 | $12,000 |
| Market Introduction Program | $2,500 | $5,000 |
| Furniture, Fixtures, and Equipment | $1,000 | $10,000 |
| Computer Systems | $1,200 | $3,600 |
| Insurance and Bonds | $1,000 | $4,000 |
| Signage | $1,000 | $8,000 |
| Office Expenses | $500 | $1,000 |
| Licenses and Permits | $1,800 | $3,500 |
| Professional Fees (lawyer, accountant, etc.) | $1,000 | $3,000 |
| Travel, lodging and meals for initial training | $1,250 | $2,500 |
| Additional funds (for first 3 months) (see Note 3) | $10,000 | $25,000 |
Additional Fees (Item 6)
| Fee Type | Amount |
|---|---|
| Transfer Fee | $10,000 plus any broker fees and other out-of-pocket costs we incur |
| Technology Fee | Currently; $79 per month, $49 per user for support (Software subscription) |
| Audit Fee | Our actual cost (Payable only if audit conditions are met) |
| Market Cooperative Contribution | As determined by co-op (currently none, maximum 2% of gross sales) |
| Replacement / Additional Training fee | Currently, $285 per person per day |
| Third party vendors | Pass-through of costs, plus reasonable administrative charge (currently none) |
| Non-compliance fee | $500 (initial), then $250 per week |
| Reimbursement | Amount that we spend on your behalf, plus 10% |
| Late fee | $100 plus interest on the unpaid amount at a rate equal to 18% per year |
| Insufficient funds fee | $30 |
| Costs of collection | Our actual costs |
| Special support fee | Currently, $600 per day, plus our expenses |
| Customer complaint resolution | Our expenses |
| Special inspection fee | Currently $600, plus our out-of-pocket costs |
| Non-compliance cure costs and fee | Our out-of-pocket costs and internal cost allocation, plus 10% |
| Liquidated damages | An amount equal to royalty fees and marketing fund contributions for the lesser of (i) 2 years or (ii) the remaining weeks of the franchise term |
| Indemnity | Our costs and losses from any legal action |
| Prevailing party’s legal costs | Our attorney fees, court costs, and other expenses |
Training Program (Item 11)
| Detail | Information |
|---|---|
| Total Duration | 95 Hours (90 classroom, 5 on-the-job), plus 12 weeks of Broker FastTrack accelerator and 12 weeks of virtual mentoring and coaching. |
| Classroom Training | 90 Hours |
| On-the-Job Training | 5 Hours |
| Training Location | Online, In Person (Corporate Headquarters in Erie, PA), Virtual, Live Virtual |
| Additional Training | The franchisor offers a 12-week Broker FastTrack Course for new brokers and provides 12 weeks of virtual mentoring and coaching. Franchisees can also pay for third-party training programs if desired, especially if they have green originators and support staff. |
Territory Rights (Item 12)
| Detail | Information |
|---|---|
| Territory Type | Non-exclusive |
| Exclusive Territory | No |
| Territory Size | If not stated in the Franchise Agreement, the territory will be deemed the zip codes immediately surrounding the franchised business location, comprising a total of 100,000 population. Branch Offices are 'address only' locations with no protected area or territorial exclusivity. |
| Description | Franchisees operate solely from an approved location and cannot relocate without franchisor approval. The franchisor retains all rights to establish and license other Co/LAB businesses, operate under other trademarks, acquire similar businesses, and use alternative distribution channels (e.g., Internet, telemarketing) anywhere, without compensation to the franchisee. Franchisees may operate virtually in up to two additional states with consent, subject to state licensing laws. |
Renewal, Termination & Transfer (Item 17)
| Detail | Information |
|---|---|
| Initial Term | 7 years |
| Renewal Term | Up to 2 additional periods of 5 years each |
| Renewal Conditions | To renew, the franchisee must provide 90-180 days advance notice, be in compliance with all contractual obligations, renovate to then-current standards, sign the then-current franchise agreement and related documents (including personal guaranty), and execute a general release of claims. The new agreement may have materially different terms and higher fees. |
| Transfer Fee | $10,000 plus any broker fees and other out-of-pocket costs incurred by franchisor |
| Transfer Conditions | Franchisor consent is required. Conditions include paying a transfer fee, the buyer meeting franchisor standards and not being a competitor, the buyer and owners signing the then-current franchise agreement and related documents (including personal guaranty), all monetary obligations to franchisor and third parties being paid, the proposed assignee and employees undergoing required training, franchisee and transferee executing a general release, and the business complying with current system standards (including remodel). |
| Termination for Cause | Termination can occur for curable defaults (e.g., non-payment with 10 days to cure; other breaches with 30 days to cure) or non-curable defaults (e.g., misrepresentation in application, knowingly submitting false information, bankruptcy, loss of location, material violation of confidentiality/non-compete/transfer restrictions, slander, refusal to cooperate with audits/inspections, significant health/safety danger, three defaults in 12 months, cross-termination, felony conviction, or acts unfavorably affecting the brand). |
| Non-Compete Period | During the term of the franchise agreement and for one year after its expiration or termination. |
| Non-Compete Details | During the term, the franchisee, any owner, or their spouse cannot have an ownership interest in, lend money to, provide services to, or be employed by any competitor. For one year post-term, the same restrictions apply within five miles of the former territory or any other Co/LAB business operating at termination. |
Operations & Supply (Items 8 & 15)
| Detail | Information |
|---|---|
| Owner-Operator Required | No |
| Participation Details | Franchisees are not required to personally participate in the direct operation of the business, but it is recommended. A 'Principal Executive' must be designated, responsible for the business and having decision-making authority. This executive must complete initial and any future post-opening training programs and make reasonable efforts to attend required meetings. The business must always be under the on-site supervision of the Principal Executive or a general manager who has completed the franchisor's training program. |
| Required Suppliers | Franchisee is required to purchase or lease goods, services, supplies, fixtures, equipment, inventory, computer hardware and software, real estate, or comparable items either from the franchisor or its designee, or from approved suppliers, or according to franchisor specifications. Specific requirements include Real Estate (subject to approval), Insurance (as described in the Franchise Agreement and Brand Standards Manual), Point-of-sale software and hardware (specified by franchisor), and branded Merchandise/Products/services (from affiliate Marsh and Munar Team, LLC). |
| Supply Restrictions | You must purchase products and services from our Affiliate, Marsh and Munar Team, LLC, including branded merchandise. You must purchase (or lease) the point-of-sale software and hardware, and related software and hardware, that we specify. You have the option to use our Affiliate for mortgage processing, but if using other vendors, they must be approved by us. |
| Franchisor Revenue from Suppliers | The franchisor will receive payments from designated suppliers from franchisee purchases, as some required and recommended products pay an affiliate commission. In the prior fiscal year, total revenue from required purchases and leases was $0, representing 0% of total franchisor revenues. |
Financing (Item 10)
| Detail | Information |
|---|---|
| Financing Available | Yes |
| Description | The franchisor offers direct financing for the initial Franchise Fee. Franchisees can finance $25,000 of the Initial Fee with a $5,000 down payment, over a 1-year term at 0% interest, resulting in monthly payments of $2,083.33. A personal guaranty is required. Existing loan officers investing in a franchise are permitted to make monthly payments of $1,200 towards the Franchise Fee, with no interest. |
Marsh and Munar Team Franchise Earnings — Item 19
Marsh and Munar Team does not make an Item 19 financial performance representation in their FDD. This means they do not disclose revenue, profit, or earnings data for franchised locations. Before investing, ask the franchisor directly for franchisee contact information so you can speak with existing owners about their actual financial performance.
Marsh and Munar Team does not include an Item 19 financial performance representation in their FDD. Contact information for current and former franchisees is listed in Item 20 of the FDD.
Marsh and Munar Team Litigation & Risk Flags
Clean Litigation RecordMarsh and Munar Team has no pending litigation actions listed in their FDD. There is also no bankruptcy history disclosed.
Litigation and bankruptcy data is sourced from Items 3 and 4 of the FDD. Always verify current status directly from the most recent FDD.
Marsh and Munar Team System Growth
Total Units
1
Franchised
0
Company-Owned
1
Marsh and Munar Team currently operates 0 franchised locations and 1 company-owned units. Unit count data is sourced from Item 20 of the FDD.
Unit History (Item 20)
| Year | Opened | Closed | Total |
|---|---|---|---|
| 2020 | 0 | 0 | 1 |
| 2021 | 0 | 0 | 1 |
| 2022 | 0 | 0 | 1 |
Transfers: 0 | Closures: 0
State Registrations
Registered in 14 states: CA, HI, IL, IN, MD, MI, MN, NY, ND, RI, SD, VA, WA, WI
Franchisor Financials (Item 21)
Total Assets
$10K
Audited by Omar Alnuaimi, CPA for year ending December 31.
Marsh and Munar Team Franchise — FAQ
The total investment to open a Marsh and Munar Team franchise ranges from $54,750 to $121,600, per their Franchise Disclosure Document. This includes the initial franchise fee of $30,000. The investment covers build-out, inventory, equipment, signage, working capital, and other startup costs.
Marsh and Munar Team charges a royalty fee of 6% of your gross sales of gross sales, plus a 1% of your gross sales (Marketing Fund Contribution) contribution to the marketing/advertising fund. These fees are paid on an ongoing basis.
You can download the Marsh and Munar Team Franchise Disclosure Document free on this page. The FDD is a public document filed with state franchise registries. Always also request the current FDD directly from Marsh and Munar Team to ensure you have the most up-to-date version.
Marsh and Munar Team does not provide an Item 19 financial performance representation in their FDD, which means they do not disclose franchisee revenue or earnings data. Prospective investors should contact existing franchisees directly (listed in Item 20 of the FDD) to gather real-world financial performance information.
Marsh and Munar Team has been franchising since 2024. The FDD shows an investment range of $54,750-$121,600, a 6% of your gross sales royalty, and no Item 19 earnings disclosure. There is no pending litigation. Review the full FDD and contact current franchisees listed in Item 20 before making any investment decision.
The franchise fee is $30,000 and the total investment ranges from $54,750 to $121,600 depending on location size and market. A minimum of $10,000 in liquid capital is required. Contact the franchisor directly for current net worth and liquid capital requirements, territory availability, and application details.
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Data Source & Disclaimer: This website is for informational purposes only. It is not an offer to sell or buy a franchise. This profile is based on publicly available FDD data sourced from state franchise registry filings. All information is for research purposes only and does not constitute legal, financial, or investment advice. Data may be outdated or contain errors. Always obtain the current FDD directly from Marsh and Munar Team and consult a qualified franchise attorney before making any investment decision. FranchiseOverview.com is operated by Franchising Compliance, LLC and is not affiliated with Marsh and Munar Team or any of its subsidiaries. To report an inaccuracy: info@franchiseoverview.com