What is the estimated low and high cost for real estate (lease) for a Burros Fries franchise?

According to Burros Fries's 2024 Franchise Disclosure Document, the estimated cost for real estate (lease) ranges from $6,500 to $17,000. This cost is paid as required by the landlord.

The FDD also includes a note specifying that a typical Burros Fries business is located in a shopping center, mall, or free-standing building. The cost per square foot is estimated to be approximately $3 on the low end and $5 on the high end, but these figures do not include common area maintenance fees. The document also clarifies that these figures do not include sums for the purchase of real property, as it is not expected that franchisees will buy real property. Real estate costs are highly dependent on factors such as location, size, visibility, economic conditions, accessibility, and competitive market conditions.

Prospective franchisees might be able to reduce real estate expenses by occupying a space in an existing location that complements another business, provided the space is enclosed, separate, and has its own locking door. However, franchisees should be aware that if they leave the leased premises before the lease term ends, they may owe the landlord payment for the entire remaining lease term, depending on the lease terms and conditions. This highlights the importance of carefully reviewing and understanding the lease agreement before signing.