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Minimum Financial
Requirements per Unit
(individual or combined through partnership)
- Liquid Cash
Available = $80,000
- Net Worth = $250,000
- Credit Score of 670 or higher
- Liquid Cash = Checking, Savings, Money Market accounts, Stocks, Bonds
- Assets = Current value of real estate property, businesses. Exclude jewelry, furnishings, automobiles, boats.
- Liabilities = Current value of outstanding loans. Credit Card balances, real estate mortgages, business lines of credit, promissory notes, student loans.
- Net Worth = Total Assets (cash + assets) minus Liabilities.
Franchise Fees
- $20,000 – 1st unit
- $15,000 – Each additional unit
Financing
- 3rd party Financing
- You are required to contribute at least 30% of the total investment in liquid cash. These funds are not generated from 401K or IRA liquidation, or by securing Home Equity Loans or Lines of Credit. Franchisees are welcome to secure financing for up to 70% of the investment with a lending institution of their choice.
| Name of Expenditure |
Low |
Medium |
High |
Initial Franchise Fee |
$15,000 |
$20,000 |
$20,000 |
| Rent |
$3,500 |
$4,000 |
$5,000 |
| Lease Hold Improvement |
$60,000 |
$78,000 |
$98,000 |
| Utility & Security Deposits |
$3,000 |
$4,500 |
$6,000 |
| Equipment |
$44,000 |
$56,000 |
$64,000 |
| Fixtures |
$17,500 |
$21,000 |
$23,000 |
| Initial Inventory & Supplies |
$3,500 |
$4,000 |
$4,500 |
| Point of Sale System & Electronics |
$10,000 |
$12,500 |
$15,000 |
| Insurance |
$800 |
$1,000 |
$1,300 |
| Training |
$3,000 |
$5,000 |
$7,000 |
| Grand Opening Advertising |
$3,000 |
$3,500 |
$4,000 |
| Signage |
$4,500 |
$9,000 |
$14,000 |
| Working Capital |
$12,000 |
$14,000 |
$18,000 |
| Tax, Licenses and Insurance Deposits |
$1,000 |
$1,500 |
$2,000 |
Plans, Specifications, Professional
& Legal Services |
$3,500 |
$5,000 |
$6,000 |
| Municipal Permits |
$2,000 |
$4,000 |
$15,000 |
|
$0 |
$2,500 |
$3,000 |
| Additional Funds |
$2,000 |
$3,500 |
$4,500 |
TOTAL |
$188,300 |
$249,000 |
$310,300 |
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The Investment
