What does the estimated cost for net leasehold improvements for a Bft studio include?
Bft Franchise · 2025 FDDAnswer from 2025 FDD Document
l and other professional fees associated with securing an approved premises.
- 5 Net Leasehold Improvements. This estimate includes the cost of leasehold improvements (net of estimated tenant improvement allowances), including floor coverings, wall treatments, ceilings, painting, electrical, carpentry, plumbing, HVAC, and similar work, as well as materials and the cost of labor. We expect that you will not sign a lease unless the landlord is willing to provide a reasonable tenant improvement allowance which, in our experience, has ranged from $23,625 to $674,325, or a median of $143,940. The net leasehold improvements estimate also includes fees for professional services of an architect and
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 26–32)
What This Means (2025 FDD)
According to Bft's 2025 Franchise Disclosure Document, the estimated cost for net leasehold improvements includes several components related to preparing the physical studio space. This estimate covers the expenses for leasehold improvements, factoring in any tenant improvement allowances that the landlord may provide.
Specifically, the net leasehold improvements encompass costs associated with floor coverings, wall treatments, ceilings, painting, electrical work, carpentry, plumbing, HVAC (heating, ventilation, and air conditioning) systems, and similar construction or renovation tasks. The estimate accounts for both the materials required and the labor costs involved in these improvements.
Additionally, the net leasehold improvements estimate includes fees for professional services such as those provided by an architect and a sound consultant. It also covers permitting fees that are required for building construction. Bft expects franchisees to negotiate a reasonable tenant improvement allowance with the landlord, which, based on their experience, has ranged from $23,625 to $674,325, with a median of $143,940.