What factors influence the cost of insurance for an Antioch Pizza Shop?
Antioch_Pizza_Shop Franchise · 2025 FDDAnswer from 2025 FDD Document
c ovens at an estimated cost of $50,000 per oven.
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- You must purchase and maintain in full force and effect, at your expense and from a company we approve of, insurance that insures both you and us and any other persons we designate by name. The required insurance coverage must commence as of the date you sign a lease. Insurance costs depend on policy limits, types of policies, nature and value of physical assets, gross revenue, number of employees, square footage, location, business contents, and other factors bearing on risk exposure. The estimate covers through the first 3 months of operation. Fees are payable as directed by your insurance provider. If you sell beer and wine, you will also need to purchase dram shop (liquor liability) insurance. The estimated cost which is not included in the estimate above is $3,000 per year. Some portion of your insurance premiums may be refundable under certain circumstances. Discuss t
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, several factors can influence the cost of insurance. These factors include the policy limits and the types of policies a franchisee chooses to purchase. The nature and value of the physical assets of the business, such as equipment and inventory, also play a role in determining insurance costs. The gross revenue of the Antioch Pizza Shop, the number of employees, and the square footage of the premises are additional factors that affect insurance premiums. The location of the business and other elements influencing risk exposure are also considered.
For a dine-in, take-out/delivery, or express restaurant, the initial investment table shows that insurance costs range from $3,300 to $6,600. This estimate covers the first three months of operation. If an Antioch Pizza Shop franchisee intends to sell beer and wine, they must also purchase dram shop (liquor liability) insurance, which is estimated to cost $3,000 per year and is not included in the initial investment estimates.
Prospective franchisees should discuss the specifics of insurance coverage and potential refunds with their insurance broker or provider to fully understand the costs and coverage required for their Antioch Pizza Shop franchise. The franchisor requires that the insurance policy is purchased from a company that they approve of and that the insurance coverage commences as of the date the franchisee signs a lease or purchases a food truck/trailer.