What is the estimated range for construction and leasehold improvements for a C3 Wellness Spa?
C3_Wellness_Spa Franchise · 2024 FDDAnswer from 2024 FDD Document
MENT**
A. Franchise Agreement
| Type of Expenditure | Amount | When Due | To Whom Payment is Made | |
|---|---|---|---|---|
| Initial Franchise Fee | $45,000 | Lump sum | When Franchise | Us |
| (Note 1) | Agreement is signed | |||
| Construction and Leasehold Improvements (Note 2) | $350,000 – $400,000 | As arranged | As incurred | Contractors, suppliers, and/or Landlord |
| Lease Deposits | $13,500 – $18,900 | As arranged | As incurred | Landlord |
| (Note 3) |
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 21–25)
What This Means (2024 FDD)
According to C3 Wellness Spa's 2024 Franchise Disclosure Document, the estimated cost for construction and leasehold improvements ranges from $350,000 to $400,000. This figure covers the construction, construction management, and build-out of the spa location, but it excludes furniture, fixtures, and equipment. The estimate includes flooring, wallpaper, and other specialized décor required by C3 Wellness Spa.
The estimate assumes a typical spa size of approximately 4,000 square feet and that the site is in a "vanilla box" condition, which includes basic heating/cooling systems, lighting, electrical outlets, lavatories, a finished ceiling, prepped walls, and a concrete slab floor. The estimate does not account for architect fees or other fees charged by licensed professionals other than general contractors and licensed tradesmen, nor does it include any special heating, cooling, or ductwork that a spa might require.
Prospective franchisees should be aware that the actual costs for developing their C3 Wellness Spa may be higher or lower than the provided estimates. It is crucial to carefully assess the specific location and any unique requirements it may have to accurately budget for construction and leasehold improvements. Franchisees should also factor in additional costs for items not included in this estimate, such as professional fees for architects and engineers.