What is included in the utility deposits for an Anago franchise?
Anago Franchise · 2025 FDDAnswer from 2025 FDD Document
Utility deposits are for office space utilities, internet, and telephone service.
Source: Item 7 — YOUR ESTIMATED INITIAL INVESTMENT (FDD pages 19–22)
What This Means (2025 FDD)
According to Anago's 2025 Franchise Disclosure Document, utility deposits cover office space utilities, internet, and telephone service. These deposits are part of the broader 'Lease/Utility Deposits and Rent' category, which is estimated to range from $10,000 to $20,000. These payments are typically made in a lump sum as incurred to third parties.
Anago recommends that franchisees lease office space in a commercial building, ideally between 1,000 to 1,500 square feet. The FDD notes that rental costs can vary significantly depending on the market and could potentially be lower if an executive suite is utilized. The lease deposit estimate assumes one month's rent is required upon signing the lease, and the rent estimate covers the first six months.
Prospective Anago franchisees should budget accordingly for these initial utility deposits and consider the potential variability in costs based on their location and specific service needs. It is important to confirm with local utility providers the exact deposit amounts required for office space, internet, and telephone services to refine this estimate.