What does the estimated rent costs in the Beggars Pizza charts reflect?

and salaries.

Note 2. The figures in the charts reflect your estimated rent costs for your first month of operations (the estimated security deposit, calculated as two months' rent, plus rent for the first month). The estimate assumes an annual rent of between $17.00 and $25.00 per square foot. You will purchase or lease real estate for the operation of the Restaurant. Lease costs will vary based on square footage, cost per square foot, location, length of lease, age of the leased property, local market conditions, zoning, and the size of the premises. Beggars Pizza® Restaurants with fewer than 150 seats typically occupy approximately 3,500 square feet. Beggars Pizza® Restaurants with 150 or more seats typically occupy approximately 7,500 square feet of commercial space plus a parking area or garage near the Beggars Pizza® Restaurant. You should consult a real estate professional in your geographic area before purchasing a franchise.

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.

Note 4.

Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 11–15)