What is the estimated cost range for the Technology Implementation Fee for a Bang Cookies bakery location?
Bang_Cookies Franchise · 2024 FDDAnswer from 2024 FDD Document
| Type of Expenditure | Amount | Method of Payment | When Due | ||
|---|---|---|---|---|---|
| Initial Franchise Fee (Note 1) | $55,000 | Lump sum | When Franchise Agreement is signed | Us | |
| Construction and Leasehold Improvements (Note 2) | $30,000 - $70,000 | As arranged | As incurred | Contractors, suppliers, and/or landlord | |
| Architect & Engineering | $7,500 - $15,000 | As arranged | As incurred | Architect & Engineer | |
| Lease Deposits and Rent – Three | $10,000 - $30,000 | As arranged | As incurred | Landlord | |
| Months (Note 3) | |||||
| Furniture, Fixtures and | $89,370 - $115,190 | As arranged | As incurred | Suppliers | |
| Equipment (Note 4) | |||||
| Signage (Note 6) | $5,000 – $18,500 | As arranged | As incurred | Suppliers | |
| Computer, Software, and Point of | $2,000 – $2,000 | As arranged | As incurred | Suppliers | |
| Sale System (Note 7) | |||||
| Grand Opening Marketing (Note 8) | $5,000 – $10,000 | As arranged | As incurred | Suppliers | |
| Initial Inventory (Note 9) | $3,000 - $5,000 | As arranged | As incurred | Us, suppliers | |
| Utility Deposits (Note 10) | $700 – $1,500 | As arranged | As incurred | Suppliers | |
| Insurance Deposits – Three | $500 – $1,000 | As arranged | As incurred | Insurers | |
| Months (Note 11) | |||||
| Travel for Initial Training (Note 12) | $3,500 – $7,500 | As arranged | As incurred | Airlines, hotels, restaurants | |
| Professional Fees (Note 13) | $1,000 – $4,000 | As arranged | As incurred | Attorneys, accountants, architects, advisors |
| Technology Implementation Fee | $1,500 - $3,000 | As arranged | As incurred | |
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 17–24)
What This Means (2024 FDD)
According to Bang Cookies' 2024 Franchise Disclosure Document, the estimated Technology Implementation Fee ranges from $1,500 to $3,000. This fee is paid to Bang Cookies as arranged and incurred.
This fee covers the costs associated with implementing Bang Cookies' required technology systems at your location. These systems likely include point-of-sale (POS) systems, ordering systems, and other applications that Bang Cookies designates for franchisees to use. Item 11 of the FDD provides further details about the point of sale and computer systems.
As with many of the initial investment costs, the Technology Implementation Fee is paid as incurred, suggesting that payments may be spread out over the implementation process. It is important to note that these figures are estimates based on Bang Cookies' affiliate's experiences, and actual costs may vary depending on factors such as the specific systems implemented and any customization required for your particular location.