Which items in the Beggars Pizza Disclosure Document discuss pre-opening purchases/leases?
Beggars_Pizza Franchise · 2025 FDDAnswer from 2025 FDD Document
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 const
Source: Item 9 — FRANCHISEE'S OBLIGATIONS (FDD pages 18–19)
What This Means (2025 FDD)
According to the 2025 Beggars Pizza Franchise Disclosure Document, Item 7, titled "Estimated Initial Investment," discusses pre-opening purchases and leases. Specifically, Note 2 in Item 7 addresses real estate costs, stating that franchisees will either purchase or lease real estate for their restaurant's operation. The note provides an estimate for the first month's rent, including a security deposit calculated as two months' rent, plus the first month's rent. The estimate assumes an annual rent between $17.00 and $25.00 per square foot.
Note 2 also mentions that lease costs will vary depending on factors such as square footage, cost per square foot, location, lease length, property age, local market conditions, and zoning. Beggars Pizza restaurants with fewer than 150 seats typically occupy around 3,500 square feet, while those with 150 or more seats usually need about 7,500 square feet of commercial space, plus a parking area. The document advises prospective franchisees to consult a real estate professional in their area before purchasing a franchise.
Furthermore, Note 3 in Item 7 discusses leasehold improvements, noting that costs depend on the site's condition and size, local contractor costs, and the restaurant's location. The estimated costs include hiring an architect to adapt standard plans to the restaurant's layout and engaging a general contractor to meet Beggars Pizza's standards. This estimate covers remodeling walls, ceilings, and floors, as well as electrical and carpentry work, and the purchase and installation of signage and HVAC systems. However, the estimate does not include new construction costs. Therefore, Item 7 provides important information regarding pre-opening costs associated with real estate and necessary improvements for a Beggars Pizza franchise.