What do the security deposit estimates for utilities for a Body20 studio depend on?
Body20 Franchise · 2025 FDDAnswer from 2025 FDD Document
ing services at your Studio.
ITEM 7 ESTIMATED INITIAL INVESTMENT
YOUR ESTIMATED INITIAL INVESTMENT
| Low | High | Method of | To Whom Payment | ||
|---|---|---|---|---|---|
| Type of Expenditure (1) | Estimate | Estimate | Payment | When Due When you sign Franchise | Is Made |
| Franchise Fee (2) | $65,000 | $65,000 | Lump sum | Agreement Prior to your initial Required Trainees' Initial | Us |
| Initial Training Fee (3) | $2,500 | $2,500 | Lump sum | Training Prior to opening your Studio and as | Us |
| Initial FF&E Package (4) | $8,485 | $24,656 | Lump sum | we specify Prior to opening your Studio and as | Us |
| Presale Kit (5) | $6,000 | $9,000 | Lump sum | we specify Prior to opening your | Us |
| Initial Retail Inventory Kit | Studio and as | ||||
| (6) | $6,000 | $9,000 | Lump sum | we specify | Us |
| Travel and Related | Airlines, hotels, and | ||||
| Expenses During Initial | |||||
| Training (7) | $1,000 | $6,000 | As incurred | As incurred | restaurants |
| Security Deposits for | Landlord, utility | ||||
| Utilities (8) | $500 | $3,400 | As incurred | As incurred | company |
| Rent and Security | |||||
| Deposit (9) | $8,000 | $16,000 | As incurred | As incurred | Landlord |
| Net Leasehold | Third-party vendors | ||||
| Improvements (10) | $111,000 | $148,000 | As incurred | As incurred | |
| Signage (11) | $8,000 | $20,000 | As incurred | As incurred | Third-party vendors |
| Supplies and | |||||
| Accessories (12) | $500 | $1,500 | As incurred | As incurred | Third-party vendors |
| Technology System (13) | |||||
| $3,800 | $7,500 | As incurred | As incurred | Third-party vendors | |
| Technology-Related | Us and third-party | ||||
| Fees (14) | $4,977 | $4,977 | Lump sum | Monthly | vendors |
| Business Licenses (15) | $1,000 | $5,000 | As incurred | As incurred | Government agencies Attorneys, bankers, |
| Professional Fees (16) | $4,500 | $15,000 | As incurred | As incurred | accountants, and other professionals |
| Insurance Deposit and | Prior to | Insurance agent or | |||
| Initial Premiums (17) | $4,000 | $6,000 | As incurred | opening | carrier Third party vendors, |
| Grand Opening | us, and/or our | ||||
| Marketing (18) | $15,000 | $25,000 | As incurred | As incurred | affiliates |
| Type of Expenditure (1) | Low | High | Method of | When Due | To Whom Payment |
| --- | --- | --- | --- | --- | --- |
| Estimate | Estimate | Payment | Is Made | ||
| Coach Onboarding Fees | $9,300 | As Incurred | As incurred | Us, airlines, hotels, and restaurants | |
| and Related Costs (19) $250 | |||||
| Additional Funds, 3 | $50,000 | As incurred | As incurred | Employees, utilities, suppliers, us, and other third parties, | |
| months ( |
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 26–32)
What This Means (2025 FDD)
According to Body20's 2025 Franchise Disclosure Document, the estimated cost for security deposits for utilities ranges from $500 to $3,400. These costs are influenced by the studio's location and the specific terms of the lease agreement. This means that a Body20 franchisee can expect to pay a variable amount for utility deposits depending on where their studio is situated and what the local utility companies require as a deposit. These deposits are typically paid to the landlord or the utility company.
For a prospective Body20 franchisee, this implies that budgeting for initial utility deposits requires careful consideration of the location and lease terms. Locations in areas with higher utility rates or stricter deposit requirements may necessitate a larger initial investment. It is important to research local utility deposit norms and negotiate lease terms that could potentially mitigate these costs.
The FDD's Item 7 table provides a general estimate, but franchisees should conduct thorough local research to determine the actual deposit amounts required in their specific area. Understanding these variables is crucial for accurate financial planning and managing initial startup costs.
| Low | High | Method of | To Whom Payment | ||
|---|---|---|---|---|---|
| Type of Expenditure (1) | Estimate | Estimate | Payment | When Due When you sign Franchise | Is Made |
| Franchise Fee (2) | $65,000 | $65,000 | Lump sum | Agreement Prior to your initial Required Trainees' Initial | Us |
| Initial Training Fee (3) | $2,500 | $2,500 | Lump sum | Training Prior to opening your Studio and as | Us |
| Initial FF&E Package (4) | $8,485 | $24,656 | Lump sum | we specify Prior to opening your Studio and as | Us |
| Presale Kit (5) | $6,000 | $9,000 | Lump sum | we specify Prior to opening your | Us |
| Initial Retail Inventory Kit | Studio and as | ||||
| (6) | $6,000 | $9,000 | Lump sum | we specify | Us |
| Travel and Related | Airlines, hotels, and | ||||
| Expenses During Initial | |||||
| Training (7) | $1,000 | $6,000 | As incurred | As incurred | restaurants |
| Security Deposits for | Landlord, utility | ||||
| Utilities (8) | $500 | $3,400 | As incurred | As incurred | company |
| Rent and Security | |||||
| Deposit (9) | $8,000 | $16,000 | As incurred | As incurred | Landlord |
| Net Leasehold | Third-party vendors | ||||
| Improvements (10) | $111,000 | $148,000 | As incurred | As incurred | |
| Signage (11) | $8,000 | $20,000 | As incurred | As incurred | Third-party vendors |
| Supplies and | |||||
| Accessories (12) | $500 | $1,500 | As incurred | As incurred | Third-party vendors |
| Technology System (13) | |||||
| $3,800 | $7,500 | As incurred | As incurred | Third-party vendors | |
| Technology-Related | Us and third-party | ||||
| Fees (14) | $4,977 | $4,977 | Lump sum | Monthly | vendors |
| Business Licenses (15) | $1,000 | $5,000 | As incurred | As incurred | Government agencies Attorneys, bankers, |
| Professional Fees (16) | $4,500 | $15,000 | As incurred | As incurred | accountants, and other professionals |
| Insurance Deposit and | Prior to | Insurance agent or | |||
| Initial Premiums (17) | $4,000 | $6,000 | As incurred | opening | carrier Third party vendors, |
| Grand Opening | us, and/or our | ||||
| Marketing (18) | $15,000 | $25,000 | As incurred | As incurred | affiliates |
| Type of Expenditure (1) | Low | High | Method of | When Due | To Whom Payment |
| --- | --- | --- | --- | --- | --- |
| Estimate | Estimate | Payment | Is Made | ||
| Coach Onboarding Fees | $9,300 | As Incurred | As incurred | Us, airlines, hotels, and restaurants | |
| and Related Costs (19) $250 | |||||
| Additional Funds, 3 | $50,000 | As incurred | As incurred | Employees, utilities, suppliers, us, and other third parties, | |
| months (20) $15,000 | |||||
| $15,000 | $50,000 | As incurred | etc. | ||
| TOTAL (21) | $265,512 | $427,833 |