For a non-leased Aplus store, what is the estimated range for construction costs?
Aplus Franchise · 2024 FDDAnswer from 2024 FDD Document
ESTIMATED INITIAL INVESTMENT CAPTIVE MARKET
| Type of Expenditure 1 | Leased APLUS Store | Non-Leased APLUS Store | Method of Payment | When Due | To Whom Payment Is To Be Made |
|---|---|---|---|---|---|
| Initial Franchise Fee | $15,000 to $300,000 | $15,000 to $300,000 | Lump Sum | At signing of Franchise Agreement | Us |
| Rent (Three months) 2 | $15,000 to $ 248,000 | N/A | As Arranged | As Arranged | Us |
| Construction | N/A | $360,000 to $ | As | As Arranged | Suppliers and Vendors |
| Costs |
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 28–33)
What This Means (2024 FDD)
According to Aplus's 2024 Franchise Disclosure Document, the estimated construction costs for a non-leased Aplus store range from $360,000 to $1,045,000. This figure is part of the total estimated initial investment for a non-leased Aplus store. These costs are paid to suppliers and vendors as arranged during the construction phase.
It's important to note that these construction costs are only an estimate. The actual costs may vary depending on factors such as the size and condition of the location, local construction costs, and the specific requirements of the Aplus store design. Franchisees should carefully consider these factors and obtain their own estimates before making any decisions.
Prospective Aplus franchisees should also inquire about the Equipment and Construction Funding Program mentioned in Note 3 of Item 7. This program may provide financial assistance to offset the costs of construction, equipment, and other related items. Understanding the details of this program is crucial for budgeting and financial planning.
Ultimately, the construction costs represent a significant portion of the initial investment for a non-leased Aplus store. Franchisees should conduct thorough due diligence, obtain multiple quotes, and carefully review the terms and conditions of any construction contracts to ensure they are making informed decisions.