What is the estimated range for construction and leasehold improvements expenses 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 includes the costs associated with construction, construction management, and the build-out of the spa location, but it does not cover furniture, fixtures, and equipment. The estimate also accounts for flooring, wallpaper, and other specialized décor required by C3 Wellness Spa.
These estimates assume a typical spa size of approximately 4,000 square feet and that the site is obtained 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 costs do not include architect fees or other fees charged by licensed professionals, excluding general contractors and licensed tradesmen, nor do they include any special heating, cooling, or ductwork that the 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. Factors such as the specific location, the condition of the space, and any additional requirements could influence these costs. It is advisable for potential franchisees to carefully evaluate these estimates in the context of their specific circumstances and to consult with contractors and other professionals to obtain more accurate projections for their particular location.