What factors are the construction and leasehold improvements estimates based on for a C3 Wellness Spa?
C3_Wellness_Spa Franchise · 2024 FDDAnswer from 2024 FDD Document
Note 2: Construction and Leasehold Improvements – This estimate is for the cost of construction, construction management and build-out of a Spa Location Franchise but does not including furniture, fixtures and equipment. This estimate also includes flooring, wallpaper and other specialized décor that we required for your Spa Location Franchise. Our estimates are based on the assumption that the typical square footage of a spa is approximately 4,000 square feet. These estimates are based on the assumption that the site for your Spa has been obtained in the "vanilla box" stage which refers to the interior condition of either a new or existing building in which the existing improvements generally consist of heating/cooling with delivery systems, essential lighting, electrical switches and outlets, lavatories, a finished ceiling, walls that are prepped for painting and a concrete slab floor. These numbers are not inclusive of any architect fees or other fees charged by licensed professionals other than general contractors and licensed tradesmen and do not include any special heating cooling or ductwork required by a Spa. The costs for developing your Spa may be higher or lower than the estimates provided.
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 estimate for construction and leasehold improvements, which ranges from $350,000 to $400,000, covers the costs of construction, construction management, and build-out of a Spa Location Franchise, but excludes furniture, fixtures, and equipment. It includes flooring, wallpaper, and other specialized décor required by C3 Wellness Spa.
The estimates assume a typical spa size of approximately 4,000 square feet and that the site is in a "vanilla box" condition. A "vanilla box" refers to a new or existing building with essential improvements like heating/cooling systems, basic lighting, electrical outlets, lavatories, a finished ceiling, walls prepped for painting, and a concrete slab floor.
The estimate does not include architect fees or other fees charged by licensed professionals other than general contractors and licensed tradesmen. It also excludes any special heating, cooling, or ductwork required by the spa. The actual costs for developing a C3 Wellness Spa may be higher or lower than the provided estimates, so prospective franchisees should carefully evaluate potential costs in their specific location.