What is the estimated range for construction and leasehold improvements for a Bang Cookies location?
Bang_Cookies Franchise · 2024 FDDAnswer from 2024 FDD Document
anchise Agreement – Bakery Location
| 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) | $75,000 – $150,000 | As arranged | As incurred | Contractors, suppliers, and/or Landlord | |
| Lease Deposits – Three Months | $15,000 – $40,000 | As arranged | As incurred | Landlord | |
| (Note 3) | |||||
| Furniture, Fixtures and Equipment | $176,370 – $224,020 | As arranged | As incurred | Suppliers | |
| (Note 4) | |||||
| Signage (Note 5) | $15,000 – $25,000 | As arranged | As incurred | Us, Suppliers | |
| Computer, Software and Point of | $3,000 – $3,000 | As arranged | As incurred | Suppliers | |
| Sales System (Note 6) | |||||
| Grand Opening Marketing (Note 7) | $10,000 – $20,000 | As arranged | As incurred | Suppliers | |
| Initial Inventory (Note 8) | $5,000 – $10,000 | As arranged | As incurred | Us, Suppliers | |
| Utility Deposits (Note 9) | $1,500 – $2,000 | As arranged | As incurred | Suppliers | |
| Insurance Deposits – Three | $500 – $1,000 | As arranged | As incurred | Insurers | |
| Months (Note 10) | |||||
| Travel for Initial Training | $3,500 – $7,500 | As arranged | As incurred | Airlines, hotels, | |
| (Note 11) | restaurants | ||||
| Professional Fees (Note 12) | $2,000 – $7,500 | As arranged | As incurred | Attorneys, accountants, architects, advisors | |
| Technology Implementation Fee | $1,500 - $3,000 | As arranged | As incurred | Us | |
| Licenses and Permits (Note 13) | $2,000 – $4,000 | As arranged | As incurred | Government | 
What This Means (2024 FDD)
According to Bang Cookies's 2024 Franchise Disclosure Document, the estimated cost for construction and leasehold improvements ranges from $30,000 to $70,000. This investment covers the expenses related to the construction, construction management, and build-out of the Bang Cookies shop. However, it's important to note that this estimate does not include the costs for furniture, fixtures, and equipment.
The estimate assumes that a Bakery Location will have a minimum square footage of 1,800 to 3,000 square feet, while a Satellite Location will have a minimum of 275 to 850 square feet. The FDD specifies that the location should already have functional heating/cooling systems, essential lighting, electrical outlets, lavatories, a finished ceiling, walls prepared for painting, and a concrete slab floor. The estimate also excludes architectural fees and other fees charged by licensed professionals, except for general contractors and licensed tradesmen, as well as any special heating, cooling, or ductwork that may be required.
Prospective franchisees should be aware that the actual costs for developing their Bang Cookies shop may be higher or lower than the provided estimates. Factors such as the size of the shop, local market conditions, and the existing build-out of the location can influence these costs. It is advisable to carefully review these estimates with business, accounting, and legal advisors before making any decisions.