|type of expenditure||amount||payment timing|
|initial fee||$46,500||upon signing the franchise agreement|
|grand opening||$1,000 – $2,000||for grand opening event, as incurred|
|training expenses||$6,000 – $12,500||as incurred|
|construction, remodeling, leasehold improvements, & decorating costs||$60,000 – $150,000||as required by vendors|
|fixtures, furnishings, equipment, and signs||$18,000 – $25,000||upon purchase and as required by vendors|
|initial inventory and supplies||$6,000 – $12,000||upon purchase and as required by vendors|
|security & utility deposits, business licenses, and other prepaid expenses||$3,000 – $8,000||as required by vendors and licensing agencies|
|insurance premiums||$3,000 – $5,000||as required by vendors|
|additional funds – 3 months||$11,000 – $21,000||variable|
total: $154,500 – $282,000 plus the cost of real estate
*If you are in one of the five boroughs of New York City, your initial investment may be higher than the range represented above. Please contact us for more information.
ongoing franchising fees
|Royalty Fee – 7% of Gross Sales||Advertising Fee – 1% of Gross Sales|
All initial investment costs provided are in U.S. dollars.