What is the estimated high cost for Insurance Deposit and Initial Premiums for a Beem Light Sauna?
Beem_Light_Sauna Franchise · 2025 FDDAnswer from 2025 FDD Document
aining, or consulting services at your Studio.
ITEM 7 ESTIMATED INITIAL INVESTMENT
YOUR ESTIMATED INITIAL INVESTMENT
| Type of Expenditure (1) | Low Estimate | High Estimate | Method of Payment | When Due | To Whom Payment Is Made |
|---|---|---|---|---|---|
| Franchise Fee (2) | $65,000 | $ |
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 26–31)
What This Means (2025 FDD)
According to Beem Light Sauna's 2025 Franchise Disclosure Document, the estimated high cost for Insurance Deposit and Initial Premiums is $6,000. This figure covers the insurance premium deposit and the first three months of insurance coverage, which may need to be paid before the studio opens.
The FDD indicates that the actual premium quotes and deposit amounts can vary. These costs depend on factors such as the studio's location, the franchisee's experience with the insurance carrier, the carrier's loss experience, and the deductibles and coverage amounts selected.
Prospective Beem Light Sauna franchisees should consult with their insurance agent or broker to obtain accurate premium quotes and explore additional insurance coverage options beyond the minimum requirements set by Beem Light Sauna. This due diligence is essential for budgeting and ensuring adequate protection for the business.