What is the estimated cost range for insurance when opening an Antioch Pizza Shop?
Antioch_Pizza_Shop Franchise · 2025 FDDAnswer from 2025 FDD Document
| Type of Expenditure | Amount | Method of Payment | When Due | To Whom Payment is to be Paid |
|---|---|---|---|---|
| Initial Franchise Fee | $20,000 | Lump Sum | When you sign the Franchise Agreement | Us |
| Training Expenses (Transportation, Lodging Meals) | $2,100 – $5,250 | As incurred | As incurred | Varies |
| Truck/Trailer Purchase [See Note 1] | $60,000 - $120,000 | Lump Sum | As incurred | Auto dealer |
| Outfitting, Equipping and Wrapping of Truck/Trailer [See Note 1] | $5,250 - $10,500 | As incurred | As incurred | Suppliers |
| Commissary Lease Deposit [See Note 2] | $500 – $1,000 | Lump Sum | Upon signing of a lease, if applicable | Lessor |
| Commissary Lease Rental Payments [See Note 2] | $1,500 – $4,000 | As incurred | As incurred | Lessor |
| Commissary Leasehold Improvements and Equipment [See Note 3] | $1,050 – $2,625 | As Incurred | As Incurred | Contractors, suppliers |
| Inventory | $525 – $1,050 | As incurred | As incurred prior to opening | Designated and approved suppliers |
| Grand Opening Advertising and Marketing | $1,050 – $2,100 | As incurred | As incurred around the time of opening | Media suppliers |
| Insurance | $2,000 – | Lump Sum or | Prior to opening | Insurance |
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Source: Item 7 — Estimated Initial Investment (FDD pages 17–24)
What This Means (2025 FDD)
According to Antioch Pizza Shop's 2025 Franchise Disclosure Document, the estimated cost for insurance for a food truck/trailer ranges from $2,000 to $3,000. This cost covers the first three months of operation. The method of payment can be either a lump sum or a payment schedule, and it is due prior to opening. The payment is made to the insurance providers.
Antioch Pizza Shop requires franchisees to maintain insurance that covers both the franchisee and the franchisor. The exact cost of insurance depends on several factors, including policy limits, the types of policies, the value of physical assets, gross revenue, the number of employees, the location, and other risk factors. If the franchisee intends to sell beer and wine, they will also need to purchase dram shop (liquor liability) insurance, which is not included in the initial estimate.
It's important for prospective Antioch Pizza Shop franchisees to note that a portion of their insurance premiums may be refundable under certain circumstances. The FDD advises discussing this aspect with an insurance broker or provider to fully understand the potential for refunds and to ensure adequate coverage for their specific business circumstances. Understanding these costs and potential refunds is crucial for accurate financial planning when starting an Antioch Pizza Shop franchise.