Does the estimated cost for leasehold improvements for a Beggars Pizza include new construction costs?
Beggars_Pizza Franchise · 2025 FDDAnswer from 2025 FDD Document
Note 3. The cost of leasehold improvements will depend on the condition and size of the site, the local cost of contract work, and the location of the Restaurant. The figures in the charts represent the estimated cost of hiring an architect to conform standard plans to the layout of the Restaurant and to engage a general contractor to adapt the Restaurant to meet our standards. The estimate includes the costs of remodeling walls, ceilings, and floors and other renovations including electrical work, carpentry work, and the purchase and installation of signage and HVAC systems. The estimate does not include new construction costs.
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 11–15)
What This Means (2025 FDD)
According to the 2025 Beggars Pizza Franchise Disclosure Document, the estimated cost for leasehold improvements does not include new construction costs. Note 3 in Item 7 clarifies that the figures provided represent the estimated cost of hiring an architect to adapt standard plans to the restaurant's layout and a general contractor to modify the space to meet Beggars Pizza's standards.
The estimate for improvements covers remodeling walls, ceilings, and floors, as well as renovations such as electrical and carpentry work. It also includes the purchase and installation of signage and HVAC systems. For a Beggars Pizza restaurant with 150 or fewer seats, these improvements are estimated to cost between $150,000 and $350,000. For a larger restaurant with more than 150 seats, the estimated cost is between $250,000 and $400,000.
Prospective franchisees should be aware that if the location they choose requires new construction, they will incur additional costs not covered in these estimates. It is crucial to factor in these potential expenses when evaluating the overall investment required to open a Beggars Pizza franchise. Franchisees should consult with contractors and real estate professionals to assess the condition of potential sites and determine whether new construction will be necessary.