What does the estimate for lease security deposit and rent cover for an Aw franchise?

According to Aw's 2025 Franchise Disclosure Document, the estimated initial investment for lease security deposit and rent covers the security deposit and rent for the first 3 months of leasing a site. The document specifies that the site should range in size from 900 to 2,500 square feet. The total estimated cost for this ranges from $4,000 to $16,000. Typically, the security deposit is one month's rent.

The rent amount can vary significantly based on factors such as the size, type, condition, and location of the premises. The lower end of the estimate ($4,000) assumes that the franchisee will be able to negotiate some free rent at the beginning of the lease term. The FDD explicitly states that this estimate does not include purchasing a site, which Aw does not recommend.

Prospective Aw franchisees should consider these factors when budgeting for their initial investment. Negotiating favorable lease terms, such as free rent or a lower security deposit, can significantly reduce the initial costs. The size and location of the premises will also play a crucial role in determining the actual rent expense. It is important to note that these figures are estimates, and actual costs may vary depending on individual circumstances and the ability to negotiate favorable terms.