What costs related to real estate might a Bft franchisee incur in addition to base rent?
Bft Franchise · 2025 FDDAnswer from 2025 FDD Document
ou must travel and the type of accommodations you choose, if any are needed.
4 Real Estate/Lease. If you do not own adequate Studio space, you must lease suitable premises. In addition to base rent, the lease may require you to pay common area maintenance charges, your pro rata share of the real
estate taxes and insurance, and your pro rata share of HVAC and trash removal, which are included in the ranges provided above. You will also likely be required to pay a security deposit. This estimate includes three (3) months of base rent plus one (1) month for estimating the security deposit.
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 26–32)
What This Means (2025 FDD)
According to Bft's 2025 Franchise Disclosure Document, in addition to base rent, a franchisee may incur other real estate related expenses. These include common area maintenance charges, the franchisee's pro rata share of real estate taxes and insurance, and their pro rata share of HVAC and trash removal. The FDD indicates that these additional costs are factored into the estimated ranges provided for real estate/lease expenses.
Furthermore, the franchisee will likely be required to pay a security deposit, which the FDD estimates to be one month's base rent. The estimate provided in the FDD also accounts for legal and other professional fees associated with securing an approved premises.
According to Item 7, the estimated initial investment for real estate/lease ranges from $37,000 to $75,500. This figure encompasses three months of base rent and one month for the security deposit, as well as the potential additional costs outlined above. Prospective franchisees should carefully review lease agreements and consult with legal and financial professionals to fully understand all potential real estate-related expenses.