To whom are furniture, fixtures, and equipment payments made 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 | |||
| Constructi |
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, payments for furniture, fixtures, and equipment are made to suppliers. This is part of the initial investment required to set up a C3 Wellness Spa franchise.
The estimated cost for furniture, fixtures, and equipment ranges from $30,000 to $60,000. These costs are incurred as arranged with the suppliers. Note 4 in Item 7 of the FDD indicates that the costs for furniture and fixtures may differ depending on the material quality and other factors, such as the size of the facility.
It is assumed that some of the equipment will be leased. If a franchisee elects to purchase the equipment instead of leasing, the costs may be higher. Third-party financing may be available for qualified candidates to cover some leasehold improvement costs; however, associated costs and fees will cause the total cost to exceed the initial estimates.