What is the estimated range for travel and living expenses during training for an All Team agency?
All_Team Franchise · 2025 FDDAnswer from 2025 FDD Document
INITIAL INVESTMENT
| TYPE OF EXPENDITURE | AMOUNT | METHOD OF PAYMENT | WHEN DUE | TO WHOM PAYMENT IS TO BE MADE |
|---|---|---|---|---|
| Franchise Fee | $42,500 | Lump sum | At time of signing Franchise Agreement | Us |
| Leasehold improvements (if needed) Note 1 | $0 - $5,000 | Lump sum | Upon completion of the work | Landlord may Include in Lease |
| Office Rent | $3,300 - $7,500 | Lump sum | At the time you sign the lease | Landlord |
| Note 1 | ||||
| Lease Deposit | $1,100 - $2,500 | Lump sum | At the time you sign the lease | Landlord |
| Note 1 | ||||
| Travel and Living Expenses while Training | $3,000 - $5,000 | As incurred | During training | Airlines, hotels, restaurants |
| Utility deposits, business licenses and other prepaid expenses | $500 - $1,000 | Lump sum | Prior to opening | Utilities, governmental agencies, etc. |
| Computer equipment and Software Note 2 | $7,500 - $9,500 | Lump sum | Prior to opening | Supplier and us |
| Telephone and Communication | $1,000 - $3,000 | Lump Sum | Prior to opening | Telephone system supplier |
| Systems | ||||
| Note 3 | ||||
| Furniture and office equipment Note 4 | $4,000 - $8,000 | Lump sum | Prior to Opening | Suppliers, retail establishments |
| Opening inventory (supplies) | $1,500 - $3,500 | As incurred METHOD OF | Prior to opening | Suppliers, printers, etc. TO WHOM PAYMENT IS |
| TYPE OF EXPENDITURE | AMOUNT | PAYMENT | WHEN DUE | TO BE MADE |
| Insurance | $4,000 - $7,000 | Lump sum | Prior to Opening | Insurance companies |
| (Note 5) | ||||
| Advertising - 3 mos. | $800 - $2,000 | As incurred | Monthly | Outside media |
| Additional Funds – 3 months | $10,000 - $25,000 | As incurred | As incurred | Employees, Suppliers, |
| (Note 6) | Utilities | |||
| Professional Fees | $1,500 - $3,000 | As incurred | Prior to opening | Attorneys and accountants |
| TOTAL | $80,700 - $124,500 |
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 13–15)
What This Means (2025 FDD)
According to All Team's 2025 Franchise Disclosure Document, the estimated cost for travel and living expenses during the training period ranges from $3,000 to $5,000. These expenses are paid as they are incurred, meaning the franchisee will need to cover these costs out-of-pocket during the training. These payments are made directly to airlines, hotels, and restaurants.
This range provides a prospective All Team franchisee with an idea of the potential costs associated with attending the required training program. It is important to note that this is just an estimate, and actual expenses may vary depending on factors such as the distance traveled, the choice of accommodation, and personal spending habits. Franchisees should budget accordingly and consider these factors when planning their initial investment.
While All Team provides an estimated range for these expenses, franchisees should conduct their own research to determine the actual costs they are likely to incur based on their individual circumstances. This may involve researching travel costs, comparing hotel rates, and estimating daily meal expenses. It is also advisable to have a contingency fund to cover any unexpected costs that may arise during the training period.