What is the estimated initial investment table based on for a Bhc franchise?

According to Bhc's 2025 Franchise Disclosure Document, the estimated initial investment is detailed in two tables. The first table outlines the estimated initial investment required to begin operating a Master Franchise Business within the designated Development Area. The second table details the estimated initial investment for the franchisee's affiliate to establish and operate the first Affiliate Franchised Bhc Restaurant within the Development Area.

The initial investment for the Master Franchise Business includes costs such as the MF Development Fee, a deposit, office equipment and supplies, and potential expenses for a business office. The MF Development Fee varies based on the Development Area and the number of Bhc Restaurants to be opened, but the fee for each restaurant cannot exceed the current Initial Franchise Fee. The deposit amount also varies depending on the number of restaurants. The estimate for office equipment and supplies covers items like computer hardware and software, printers, and office supplies, with the range varying depending on whether the franchisee already has access to some of these items.

The initial investment for the first Affiliate Franchised Bhc Restaurant includes real estate costs, leasehold improvements or remodeling expenses, furniture, fixtures, equipment, training fees, and initial inventory. Real estate costs depend on factors like location and size, and the estimates for leasehold improvements cover new improvements but not tenant improvement allowances. The franchisee is responsible for costs associated with training their personnel, as well as expenses for the trainer. The estimate for additional funds covers expenses during the first three months of operation, excluding the owner's salary or financing costs.