|
|
 |
|
|
Type of expenditure
|
Amount
|
To whom payment is to be made
|
|
Initial Franchise Fee
|
$25,000
|
State Street Barbers Franchising, LLC
|
|
Leasehold Improvements
|
$55,000 to $75,000
|
Third Parties
|
|
Custom Cabinetry (e.g., barber stations)
|
$25,000 to $35,000
|
Third Party Suppliers
|
|
Signage
|
$2,000 to $4,000
|
Third Party Suppliers
|
|
Lease, Utility, and Security Deposits
|
$6,000 to $10,000
|
Third Parties
|
|
Furniture and Fixtures (e.g. barber chairs)
|
$12,500 to $17,500
|
Third Party Suppliers
|
|
Other Equipment (e.g., barber supplies)
|
$5,000 to $10,000
|
Third Party Suppliers
|
|
Office Equipment and Supplies
|
$1,000
|
Third Party Suppliers
|
|
Point-of-Sale / Computer System
|
$3,000
|
Third Party Suppliers
|
|
Business Licenses and Permits
|
$2,000 to $4,000
|
Government Agencies
|
|
Professional Fees
|
$7,500 to $15,000
|
Third Parties
|
|
Initial Inventory
|
$4,000
|
Third-party Suppliers and/or State Street Barbers, Franchising LLC. and Our Affiliates
|
|
Insurance
|
$1,000 to $2,000
|
Insurance Companies
|
|
Training: Living and Travel Expenses
|
$3,000 to $5,000
|
Third-party Suppliers
|
|
Grand Opening Advertising
|
$5,000
|
Third Parties
|
|
Estimated 3 Month’s Rent (e.g., ramp-up phase – will vary by location)
|
$6,000 to $15,000
|
Landlord
|
|
Additional Funds - (e.g., 3 months Working Capital)
|
$12,000 to $20,000
|
Employees and Suppliers
|
|
TOTAL ESTIMATED INITIAL INVESTMENT
|
$175,000 to $250,500
|
|
Additional details about your estimated initial investment will be provided in the Franchise Disclosure Document.
This information is not intended as an offer to sell, or the solicitation of an offer to buy, a franchise. It is for information purposes only. An offer is made only by Franchise Disclosure Document (FDD). Currently, the following states regulate the offer and sale of franchises: California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Oregon, Rhode Island, South Dakota, Virginia, Washington, and Wisconsin. If you are a resident of, or wish to acquire a franchise for a State Street Barbers to be located in, one of these states, we will not offer you a franchise unless and until we have complied with applicable pre-sale registration and disclosure requirements in your state.
|
|
|