 |
Initial Investment Summary per Single Unit
| Expenditure |
Estimated Costs |
When Due |
Paid To |
| Initial Franchise Fee |
$25,000 |
At Franchise
Agreement signing |
The Works Franchising Corporation |
Initial Rent Outlays
Security Deposit |
$9,000 - $12,000 |
At Lease
Agreement signing |
Landlord |
| Utility Costs & Deposits |
$5,500 - $7,000 |
Before Opening
& as incurred |
Suppliers |
| Leasehold Improvements |
$160,000 - $190,000 |
Before Opening
& as incurred |
Contractors/Suppliers |
| Furniture / Fixtures |
$40,000 - $50,000 |
Before Opening |
Suppliers |
| Equipment |
$80,000 - $100,000 |
Before Opening |
Suppliers |
| Signage |
$10,000 - $15,000 |
Before Opening |
Suppliers |
| Supplies |
$4,000 - $6,500 |
Before Opening |
Suppliers |
| Pre-Opening Training |
$5,000 - $15,000 |
Before Opening |
The Works Franchising Corporation/Suppliers |
| Opening Inventory |
$10,000 - $12,000 |
Before Opening
& as incurred |
Suppliers |
| Grand Opening Advertising/Promotion |
$5,000 - $8,000 |
As incurred |
Suppliers |
| Computer/Software |
$13,200 - $14,700 |
Before Opening
& as incurred |
Suppliers |
| Prepaid Insurance Premiums |
$2,100 - $3,500 |
As incurred |
Insurance Broker |
| Taxes: Local, State, Federal |
$7,000 - $13,500 |
As incurred |
Local, State, and
Federal Government Authorities |
| Permits & Licenses |
$2,000 - $4,000 |
As incurred |
Local and State Government Authorities |
| Miscellaneous Opening Expenses |
$10,000 - $30,000 |
As incurred |
Suppliers/Employees |
Additional Funds for
Three Months |
$30,000 - $50,000 |
As incurred |
Suppliers/Employees/Others |
| Total |
$418,300 - $556,200 |
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