What is the total estimated initial investment range for a Bft Multi-Unit Agreement, including the cost to open the initial studio?
Bft Franchise · 2025 FDDAnswer from 2025 FDD Document
| Type of Expenditure 1 | Amount | Method of Payment | When Due | To Whom |
|---|---|---|---|---|
| Payment Is to be Made | ||||
| Development Fee 2 | $20,000 | Lump sum by certified check or bank wire | At signing of the Multi- Unit Agreement Us | |
| Sourcing Fee 3 | $0 to $50,000 | Lump sum by certified check or bank wire | At signing of the Multi- Unit Agreement. Us | |
| Initial Investment to Open | $509,836 to | See Table A of this Item 7 | ||
| Initial Studio 4 | $1,204,045 | |||
| TOTAL ESTIMATED INITIAL INVESTMENT | $529,836 to $1,274,045 | This is the total estimated initial investment to enter into a Multi-Unit Agreement for the right to develop three (3) total franchised Studios, as well as the costs to open and commence operating your initial Studio for the first three (3) months, as described more fully in Table A of this Item 7. See Note 3. |
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 26–32)
What This Means (2025 FDD)
According to Bft's 2025 Franchise Disclosure Document, the total estimated initial investment for a Multi-Unit Agreement ranges from $529,836 to $1,274,045. This investment covers the costs associated with entering into a Multi-Unit Agreement for the right to develop three franchised studios, as well as the expenses to open and operate the initial studio for the first three months. This figure includes the development fee, sourcing fee, and the initial investment to open the first studio.
The initial investment for the first studio ranges from $509,836 to $1,204,045, encompassing all items detailed in Table A of Item 7. It's important to note that this range does not include the costs associated with opening additional studios under the Multi-Unit Agreement. The development fee is a flat $20,000, while the sourcing fee can range from $0 to $50,000, depending on whether a franchise broker is owed a commission based on a previous introduction.
Prospective franchisees should be aware that these figures are estimates and can vary based on factors such as management skills, local economic conditions, and sales performance. The estimates are based on Bft's experience, market research, and information from approved suppliers. Additionally, all amounts payable to Bft are generally non-refundable, while refunds from suppliers/vendors depend on individual arrangements. The initial investment table assumes timely performance of pre-opening obligations and adherence to Bft's studio specifications, with a typical studio size ranging from 2,400 to 2,800 square feet.
It is important to note that the sourcing fee can vary based on the number of studios a franchisee commits to develop under the Multi-Unit Agreement. For instance, the sourcing fee will be $40,000 for the right to open two additional studios, $50,000 for three to five studios, $84,000 for six to nine studios, and $120,000 for ten or more studios. The total estimated initial investment provided in Item 7 includes the potential additional sourcing fee for acquiring development rights for three studios.