What is the estimated range for Better Blend's rent (one month)?
Better_Blend Franchise · 2024 FDDAnswer from 2024 FDD Document
FRANCHISE AGREEMENT
| Type of expenditure | Amour | nt | Method of payment | When due | To whom payment is to be made |
|---|---|---|---|---|---|
| Initial franchise fee (see Note 1) | $35,000 - | $35,000 | Check or wire transfer | Upon signing the franchise agreement | Us |
| Rent (one month) (see | $2,000 - | $6,000 | Check | Upon signing lease | Landlord |
| Note 2) | |||||
| Lease Security Deposit (see Note 2) | $2,000 - | $6,000 | Check | Upon signin |
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 15–17)
What This Means (2024 FDD)
According to Better Blend's 2024 Franchise Disclosure Document, the estimated cost for one month's rent ranges from $2,000 to $6,000. This payment is due upon signing the lease and is to be paid directly to the landlord.
In addition to the monthly rent, Better Blend estimates that a franchisee will also need to pay a lease security deposit ranging from $2,000 to $6,000, also paid to the landlord upon signing the lease. The FDD notes that the security deposit is typically refundable, assuming the franchisee does not owe money to the landlord.
The FDD indicates that these estimates assume the franchisee can negotiate a 'free rent' period to cover the time needed to build out the business location. Better Blend anticipates locations will be approximately 1,000 to 2,000 square feet. If a franchisee chooses to purchase real estate instead of renting, the costs will be significantly different.