What is the estimated range for construction and leasehold improvements for a Bang Cookies satellite 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 |
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 cost for construction and leasehold improvements for a satellite location ranges from $30,000 to $70,000. This estimate covers the construction, construction management, and build-out of the Bang Cookies shop, but it does not include furniture, fixtures, or equipment.
These estimates assume that a satellite location will have a minimum square footage of 275 to 850 square feet and that the site is delivered with pre-existing essential interior improvements such as functional heating/cooling systems, essential lighting, electrical outlets, lavatories, a finished ceiling, walls prepared for painting, and a concrete slab floor. The estimate does not account for architectural fees or other fees charged by licensed professionals other than general contractors and licensed tradesmen, nor does it include any special heating, cooling, or ductwork required by the shop.
It's important to note that the actual costs for developing a Bang Cookies shop may be higher or lower than the estimates provided. Prospective franchisees should carefully review these estimates with their business, accounting, and legal advisors before making any decisions. These costs can vary significantly based on factors such as the size of the shop, local market conditions, and the existing build-out of the location.