| TYPE OF EXPENDITURE |
AMOUNT |
METHOD OF PAYMENT |
WHEN DUE |
| Initial Franchise Fee |
$40,000 |
Lump sum |
At signing of Franchise Agreement |
| Pre-Opening Franchisee
Training Expenses |
$15,000 |
As incurred |
Before opening |
| Lease Payments |
$14,000 – $20,000
($20,000 – $30,000 with Spa) |
Lump sum |
At signing of lease agreement |
| Construction Services Fees & ADA Inspection Fee |
$10,000 – $12,500 |
No more than 3 lump sum payments |
Before opening |
| Center Design
& Build-out Costs |
$400,000 – $490,000
($590,000 – $720,000 with Spa) |
Lump sum |
Before opening |
| Fixtures, Furniture
& Equipment |
$225,000 – $275,000
($235,000 – $291,000 with Spa) |
Lump sum |
Before opening |
| Decor & Signage |
$15,000 – $19,000
($20,000 – $29,000 with Spa) |
Lump sum |
Before opening |
| Opening Inventory |
$140,000 – $160,000 |
Lump sum; as arranged |
Before opening; as incurred |
| Supplies |
$5,000 – $10,000 |
As arranged |
Before opening |
| Grand Opening Marketing |
$5,000 – $7,000 |
As arranged |
During the first three months after opening |
| Computer System & Required Software |
$51,000 – $57,000 |
Lump sum |
Before opening |
| Security System |
$90,000 – $100,000 |
Lump sum |
Before opening |
| Utility Costs & Deposits |
$3,000 |
As arranged |
Before opening; as incurred |
| Prepaid Insurance Premiums |
$6,000 |
As arranged |
As incurred |
| Cannabis License |
$20,000 – $70,000 |
As incurred |
Before opening |
| Permits & Licenses |
$4,750 – $5,250 |
Lump sum |
Before opening |
| Professional Services |
$16,000 – $21,000 |
As incurred |
Before opening; as incurred |
| Salaries |
$120,000 – $150,000 |
As incurred |
Before and after opening |
| Additional Funds for three months |
$10,000 – $15,000 |
As arranged |
As incurred |
| TOTAL |
$1,189,750 – $1,475,750 (with a Far & Dotter Wellness Spa: $1,400,750 to $1,741,750) |
