Does the initial investment figure for the initial Bft studio include costs for opening additional studios under the Multi-Unit Agreement?
Bft Franchise · 2025 FDDAnswer from 2025 FDD Document
4 Initial Investment for Initial Studio. This figure represents the total estimated initial investment required to open and commence operating the first Studio you agree to develop under your Multi-Unit Agreement. You will be required to enter into our then-current form of franchise agreement for the initial Studio you develop under your Multi-Unit Agreement, most likely once you have found a premises for the Studio that we approve. The range includes all the items outlined in Table A of this Item 7. It does not include any of the costs you will incur in opening the additional Studio(s) that you are awarded the right to develop under your Multi-Unit Agreement.
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 26–32)
What This Means (2025 FDD)
According to Bft's 2025 Franchise Disclosure Document, the initial investment for the first studio under a Multi-Unit Agreement does not include the costs of opening additional studios. The initial investment ranges from $509,836 to $1,204,045 and covers the expenses to open and begin operating the initial studio for the first three months. This figure encompasses items listed in Table A of Item 7.
Under a Multi-Unit Agreement, franchisees acquire the rights to develop multiple Bft studios. The total estimated initial investment to enter into a Multi-Unit Agreement for the right to develop three total franchised Studios, as well as the costs to open and commence operating your initial Studio for the first three (3) months, ranges from $529,836 to $1,274,045. This includes the Development Fee of $20,000 and a Sourcing Fee of $0 to $50,000.
Prospective franchisees should be aware that the costs associated with opening subsequent studios under the Multi-Unit Agreement are separate from the initial investment for the first studio. This means franchisees need to budget additional funds for each studio they plan to open beyond the first one. It is important to carefully review Table A in Item 7 of the FDD to understand what expenses are included in the initial studio investment and to plan accordingly for the development of additional Bft locations.