What is the estimated low and high cost for leasehold improvements for a Burros Fries franchise?
Burros_Fries Franchise · 2024 FDDAnswer from 2024 FDD Document
| Cash or Acceptable Funds | ||||
|---|---|---|---|---|
| Leasehold | $300,000 | $450,000 | Before | Landlord |
Source: Item 7 — ESTIMATED INITIAL INVESTMENT YOUR ESTIMATED INITIAL INVESTMENT (FDD pages 16–21)
What This Means (2024 FDD)
According to Burros Fries's 2024 Franchise Disclosure Document, the estimated cost for leasehold improvements ranges from $300,000 to $450,000. These costs are paid before opening to the landlord.
It is important to note that these figures are estimates, and Burros Fries cannot guarantee that franchisees will not incur higher costs. The actual amount needed will depend on factors such as the size and location of the facility, build-out expenses, and economic conditions. The FDD advises finding a space needing minimal leasehold improvements or fixtures, but also notes that costs may be significantly higher depending on the condition of the property and the extent of alterations required. The high estimate reflects the potential need to construct a drive-through facility, which Burros Fries highly recommends.
Prospective franchisees should carefully review these figures with a business advisor and identify their individual expenses along with cash flow projections before making any decision to buy a Burros Fries franchise. They should also investigate all costs in the area in which they wish to establish their Burros Fries business. Franchisees are also responsible for hiring an architect to create a complete set of drawings based on the size of their facility and local permitting requirements, which are not included in this estimate.