What is the estimated range for travel expenses for initial training 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) | | | | | | Furniture, Fixtures | $30,000 – $60,000 | As arranged | As incurred | Suppliers | | and Equipment | | | | | | (Note 4) | | | | | | Initial Retail | $3,000 – $5,000 | As billed | As incurred | Suppliers | | Inventory (Note 5) | | | | | | Initial Supply | $4,000 – $5,700 | As billed | As incurred | Suppliers | | Inventory (Note 6) | | | | | | Signage | $10,000 – $20,000 | As arranged | As incurred | Suppliers | | (Note 7) | | | | | | Grand Opening | $15,000 – $20,000 | As arranged | As incurred | Suppliers | | Marketing Expenses | | | | | | (Note 8) | | | | | | Computer, Software | $16,261 – $22,766 | As arranged | As incurred | Suppliers | | and Point of Sales | | | | | | System | | | | | | Utility Deposits | $1,056 – $1,478 | As arranged | As incurred | Suppliers | | (Note 9) | | | | | | Insurance Deposits | $164 – $689 | As arranged | As incurred | Insurers | | (Note 10) | | | | | | Travel for Initial | $2,010 – $5,952 | As arranged | As incurred | Airlines, hotels, | | Training (Note 11) | | | | restaurants |
| Professional Fees (Note 12) | $26,500 – $32,000 | As arranged | A
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 travel and lodging expenses associated with the pre-opening initial training program ranges from $2,010 to $5,952. C3 Wellness Spa does not charge a fee for the pre-opening initial training itself.
This estimate covers expenses like airline tickets, hotel accommodations, and restaurant meals incurred while attending the training. The actual amount may vary depending on factors such as the distance traveled, choice of accommodation, and dining preferences.
Prospective franchisees should factor this amount into their initial investment calculations. It is important to note that these costs are 'as incurred' and paid to airlines, hotels, and restaurants, not directly to C3 Wellness Spa. Franchisees should consider planning and booking in advance to potentially reduce these travel-related expenses.
It is also advisable for prospective C3 Wellness Spa franchisees to inquire about the location and duration of the training program to better estimate travel costs. Understanding the training schedule will help in budgeting for meals and potential incidental expenses during the training period.