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Your Estimated Initial Investment
The Franchise offered is for the operation of a business that offers high-end New York-style pizzeria and Italian restaurant. The Initial Franchise Development Fee is $20,000. The estimated initial investment ranges from $150,000 to $250,000 (depending on local build-out costs for your store, and expenses in the first 6 months of operation). This sum does not include real property, worker's compensation insurance, or any salary for the owner during the initial start-up period. Further descriptions and additional information can be found in our Franchise Disclosure Document.
| Expenditures | Amounts | Method of Payment | When due | To Whom Payment is to be Made |
|---|---|---|---|---|
| Initial Franchise Fee (1) | $20,000 | Lump Sum | Upon signing Franchise Agreement | QFI |
| Improvements to Location (2) | $50,000 to $100,000 | Upon agreement with landlord | Before opening | Landlord or other third party |
| Furniture, Fixtures and Equipment(3) | $40,000 to $70,000 | Upon agreement with vendors | Before opening | Approved suppliers This includes the computer system described in Item 11. |
| Signage | Included above | Upon agreement with vendors | Before opening | Approved suppliers |
| Security Deposit (2) | $2,000 to $4,000 | Upon agreement with landlord | Before opening | Landlord (if applicable) |
| Opening Inventory and Supplies | $4,000 to $6,000 | As incurred | Before opening | QFI for sauce and dough. Approved suppliers for other items. |
| Opening Advertising and Promotion | $4,000 to $5,000 | As incurred | Before opening | Third party |
| Training Expenses (4) | $0 | As incurred | Before opening | Third party for costs incurred by franchisee during training period (e.g., room and board, travel, expenses, etc., if applicable). If training is requested or required beyond the initial four-week training, costs for additional training will be payable to QFI. |
| Insurance (5) | $7,000 to $10,000 | As incurred | Before opening | Third party |
| Miscellaneous Opening Costs (6) | $3,000 to $5,000 | As incurred | Before opening | Third party |
| Additional Funds - 3 Months (7) | $20,000 to $30,000 | As incurred | During the first 3 months you operate | Employees and various third parties |
| TOTAL ESTIMATED INITIAL INVESTMENT (8) | $150,000 to $250,000 | |||
Explanatory Notes
(1) The Initial Franchise Fee is payable to us prior to us conducting any operational training or providing you with training manuals, operation manuals, and/or other proprietary information. The Initial Fee is non-refundable.
(2) The amounts specified for improvements and security deposits are based on our experience and may vary from the estimates provided. These costs depend on the size, condition, and location. These costs will also vary depending on whether the location is leased or owned by the franchisee. QFI will assist with site selection, or you may conduct site selection on your own.
(3) The difference between the low and high ranges for equipment and supplies is due to shipping distances, price differences between suppliers, age of the equipment, and the quantity needed. You may purchase or lease equipment from any supplier pending our approval. Supplies, signs and opening inventory may also be purchased from any source pending our approval. This estimate includes the price for the computer system.
(4) The only costs to the franchisee for the initial four-week training program will be travel, room and board, and other similar costs incurred by the franchisee’s personnel who are sent for training. If additional training is requested by the franchisee, or is required of the franchisee by QFI, the franchisee will be responsible for training costs, payable to QFI.
(5) We estimate that annual insurance premiums for your restaurant range from $7,000 to $10,000. However, this cost may be significantly higher depending on the coverage requirements in the state in which the restaurant is located.
(6) Miscellaneous Opening Costs are our best estimate of the costs and deposits for telephones (including installation), gas, electricity and related items.
(7) This represents an estimate of suggested "working capital" to be available for your use during the first three months of operation. It is important that your restaurant be adequately capitalized, especially at the very beginning while you are growing sales, training staff, conducting initial advertising, etc.
(8) We relied on our business experience to compile these estimates. You should review these figures carefully before making any decision to purchase a franchise. It should also be noted that the estimate above does not include any finance charges, interest, or debt service which may be applicable.
