What is the estimated low-end cost for technology, including computers, for a Burros Fries franchise?
Burros_Fries Franchise · 2024 FDDAnswer from 2024 FDD Document
NITIAL INVESTMENT
| Type of Expenditure | Amount Low/High | | Method of Payment | When Due | To Whom Payment is to be Made | |---|---|---|---|---|---| | Initial Franchise Fee | $35,000 | $35,000 | Cash or Acceptable Funds | At signing of the Franchise Agreement. | Franchisor See Item 5 | | Technology including Computers | $5,000 | $10,000 | Cash or Acceptable Funds (for computers, , modem, routers, sound system, camera surveillance system and telephones.) | Before opening | Payable to our approved vendors See Note 1 | | Kitchen Equipment, Furniture and Fixtures | $120,000 | $160,000 | Cash or Acceptable Funds. Actual costs will vary based on the size of your facility. | Before opening | Payable to our approved vendors See Note 2 |
| | | | be Made | |---|---|---|---| | Real Estate (Lease) | $6,500 | $17,000 | As required by Landlord. |
| | | | Cash or Acceptable Funds | | |---|---|---|---|---| | Leasehold | $300,000 | $450,000 | Before | Landlord | *Except as provided below, other than security deposits and utility deposits, all payments and fees described in this Item 7 are non-refundable.
Note 1 A: The Drive Through facility is an optional addition to the restaurant and we believe most franchisees will not include it in their restaurant.
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 initial investment for technology, including computers, ranges from $5,000 to $10,000. This includes costs for computers, modems, routers, a sound system, a camera surveillance system, and telephones.
The FDD specifies that franchisees must purchase a computer, modems, routers, and a phone system for their Burros Fries business. However, the POS system, tablets, software, copier, scanner, and printer will be leased. These technology-related purchases must be made through Burros Fries's approved vendors or suppliers and must meet the franchisor's specifications, which are subject to change.
The FDD also notes that the refundability of these technology purchases depends on the terms of the invoice or purchase agreement with the suppliers, as detailed in the Franchise Agreement. This means a prospective franchisee should carefully review the purchasing terms to understand if any portion of the technology investment is refundable under certain conditions.