What is the estimated range for furniture, fixtures, and equipment costs for a Bang Cookies franchise?
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 |
| Additional Funds – Three Months (Note 14) | $40,000 – $70,000 | As arranged | As incurred | Us, employees, suppliers, landlord, utility suppliers | |---|---|---|---|---| | Total Estimate (Note 15) | $404,370– $712,020 | | | | B.
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 furniture, fixtures, and equipment for a Bakery Location ranges from $89,370 to $115,190. For a Satellite Location, these costs are estimated to be between $176,370 and $224,020.
These figures cover essential items like ovens, mixers, shelving, freezers, coffee brewers, espresso machines, and computer equipment. The FDD notes that these costs can vary based on the quality of materials and the size of the shop. The listed costs do not include transportation or setup expenses.
The FDD also mentions the possibility of leasing some equipment, which could lower the initial investment. However, if a franchisee chooses to purchase the equipment instead of leasing, the costs may be higher. Third-party financing might be available for leasehold improvements, but this would also involve additional fees, potentially increasing the overall cost beyond the estimates provided.