Where are the remodeling/finish-out rates for Bb.Q Chicken leasehold improvements based on?
Bb_Q_Chicken Franchise · 2025 FDDAnswer from 2025 FDD Document
These figures are our principals' best estimate based on remodeling/finish-out rates in the Fort Lee, New Jersey area.
These amounts may vary substantially based on local conditions, including the availability and prices of labor and materials.
These costs may also vary depending on whether certain of these costs will be incurred by the landlord or through landlord tenant improvement contributions and the condition of the space before you take possession of the premises.
The low end of our estimate assumes that you have leased space that previously operated as a restaurant and that you will convert to a Restaurant.
The high end of our estimate assumes that you have leased a "vanilla box" space and that more improvements are required.
Our estimate does not include any tenant improvement allowance that you may negotiate.
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 21–27)
What This Means (2025 FDD)
According to Bb.Q Chicken's 2025 Franchise Disclosure Document, the remodeling and finish-out rates for leasehold improvements are based on the Fort Lee, New Jersey area. The FDD indicates that these figures are the principals' best estimate. However, the document also states that these amounts may vary substantially based on local conditions, including the availability and prices of labor and materials.
Bb.Q Chicken notes that costs can also vary depending on whether certain expenses are incurred by the landlord through tenant improvement contributions and the condition of the space before the franchisee takes possession. The low end of the estimate assumes the space previously operated as a restaurant and will be converted to a Bb.Q Chicken Restaurant. The high end of the estimate assumes that the franchisee has leased a "vanilla box" space requiring more improvements.
Prospective Bb.Q Chicken franchisees should be aware that the estimates provided do not include any tenant improvement allowance that they may negotiate. Given the variability in costs, it is crucial for franchisees to conduct thorough due diligence and obtain local estimates for leasehold improvements to develop a realistic budget for their specific location.