|
AMOUNT |
METHOD
OF PAYMENT |
WHEN
DUE |
TO
WHOM PAYMENT TO BE MADE |
INITIAL
LICENSE/
FRANCHISE FEE |
$20,000 |
Lump
Sum |
At
Signing of License/Franchise Agreement |
Mazzio's |
|
| TRAVEL
& LIVING EXPENSES WHILE TRAINING |
$3,000-$9,000 |
As
Incurred |
During
Training |
Airline,
Auto, Hotels & Restaurants |
|
| EQUIPMENT
& SIGNS |
$150,000-$275,000 |
As
Incurred |
Prior
to Opening |
Suppliers
& Vendors |
|
Equipment
& Signs - Equipment cost includes the kitchen equipment, tables
and chairs, booths, registers, computer systems, décor,
menu boards, security systems, signage and landscaping. If you
buy used equipment, you may lower your initial investment. |
|
| LAND
& BUILDING |
$350,000-$850,000 |
 |
|
Real
Estate and Improvements - The typical building for conversion
will need to be in the 2,400 to 3,500 square foot range with the
land approximately 10 times that size. The total cost should not
exceed $350,000 to $850,000. |
|
| LEASEHOLD
IMPROVEMENTS |
$175,000-$280,000 |
As
Negotiated |
Prior
to Opening |
Contractor |
|
Leasehold
Improvements - All leasehold improvements are solely your responsibility. |
|
| INITIAL
INVENTORY |
$11,000-$18,000 |
As
Incurred |
Prior
to Opening |
Suppliers |
|
ADDITIONAL
FUNDS
(3 MONTHS) |
$50,000-$120,000 |
As
Incurred |
As
Incurred |
Employees,
Suppliers & Utilities |
|
Additional
Funds - This includes approximately $17,000 to train 3 new managers
for each restaurant, approximately $4,750 to cover food costs
and labor prior to opening, approximately $7,000 for architectural
fees for a leasehold space plus $10,000 for a grand opening package.
It also includes $10,000 to $15,000 in initial start-up working
capital funds prior to opening. These figures include an allocation
for a $30,000 operating loss during the first three months of
operation. |
|
| TOTAL |
$584,000
- $1,292,000 (With Purchase of Real Estate)
$409,000 - $722,000 (Without Purchase of Real Estate) |
|
Totals
- The investment ranges are rather general and dependent on a
number of factors such as the geographical area, the local economy,
the competition, the type of facility being utilized and the sources
for equipment along with other items. |
|
| FINANCING |
|
Financing
- We do not offer "direct" financing to franchisees
for any items. |
|