table_specific
To whom is the insurance payment made for a Beauty Bungalows franchise?
Beauty_Bungalows Franchise · 2025 FDDAnswer from 2025 FDD Document
| To Whom | |||||
|---|---|---|---|---|---|
| Low | High | Method Of | |||
| Type Of Expenditure(1) | Estimate | Estimate | Payment | When Due | Payment Is To Be Made |
| Initial Franchise Fee(2) | $49,900 | $49,900 | Lump sum | Upon signing Franchise Agreement | Us |
| Rent & Security Deposit3 | $20,000 | $60,000 | As determined by Landlord | Upon signing lease | Landlord |
| Utilities4 | $250 | $3,500 | As incurred | Prior to opening | Suppliers, Utilities, etc. |
| Leasehold | $675,000 | $1,553,000 | As incurred | Prior to | Vendors and |
| Improvements5 | opening | Suppliers | |||
| Furniture, Fixtures, and Equipment6 | $100,000 | $150,000 | As determined by Vendors | Prior to opening | Vendors and Suppliers |
| Architecture & Design7 | $25,000 | $25,000 | As Incurred | Prior to opening | Vendors and Suppliers |
| Computer Systems8 | $500 | $1,000 | As determined by Vendors | Prior to opening | Vendors and Suppliers |
| Insurance9 | $1,000 | $1,500 | As incurred | Prior to opening or as incurred | Insurance Company/ Agent |
| Signage10 | $10,000 | $20,000 | As incurred | As arranged with Vendors | Vendors |
| Office Expenses11 | $500 | $1,000 | As incurred | As incurred | Vendors and Suppliers |
| Pre-Opening and Grand Opening Marketing Spend12 | $22,000 | $24,000 | As incurred | Beginning 5 months prior to opening | Vendors and Suppliers |
| Business Licenses and | $4,000 | $10,000 | As incurred | As incurred | Government |
| Permits13 | agencies | ||||
| Professional Fees14 | $3,500 | $5,000 | As incurred | As incurred | Attorneys, accountants, and other professionals |
| Travel and Living Expenses to Training15 | $0 | $3,000 | As incurred | As incurred | Airlines, hotels, food vendors, and other merchants. |
| Additional Funds | $25,000 | $50,000 | As incurred | As incurred | Suppliers, |
| (3 Months)16 | Utilities | ||||
| TOTALS17 | $936,650 | $1,956,900 |
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 16–19)
What This Means (2025 FDD)
According to Beauty Bungalows' 2025 Franchise Disclosure Document, the insurance payment is made to the Insurance Company or Agent. The estimated initial investment for insurance ranges from $1,000 to $1,500. This payment is typically due prior to opening or as incurred. Item 8 of the FDD provides further details regarding the insurance requirements for a Beauty Bungalows franchise.
Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only.
It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.