What does the Carbones Pizzeria estimate for improvements assume about the leased space?
Carbones_Pizzeria Franchise · 2025 FDDAnswer from 2025 FDD Document
Our estimate for improvements assumes you will lease a "vanilla shell" or "as is" space, which, at a minimum, includes the required areas for the Restaurant, demised exterior walls, HVAC, roof, and utilities stubbed to the premises sufficient for the Restaurant.
Costs will vary in relation to the physical size and location of the Restaurant.
The amount of your leasehold improvements will vary based on existing conditions, size, design, including the availability and prices of labor and materials.
You should carefully investigate all of these costs in the area where you wish to establish your Restaurant.
In addition, we assumed the general contractor will include permitting fees in the construction costs.
The estimates assumes standard tenant improvements within a structure, designed for commercial use, and excludes items such as structural modifications, site work, energy studies, surveys and/or exterior improvements.
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 10–12)
What This Means (2025 FDD)
According to Carbones Pizzeria's 2025 Franchise Disclosure Document, the estimate for leasehold improvements assumes the franchisee will lease a "vanilla shell" or "as is" space. This type of space should include the required areas for the restaurant, demised exterior walls, HVAC, roof, and utilities stubbed to the premises. The FDD indicates that costs for improvements will vary based on the physical size and location of the restaurant.
It is important to note that the amount of leasehold improvements will vary based on existing conditions, size, and design, including the availability and prices of labor and materials. The FDD advises that prospective franchisees should carefully investigate all of these costs in the area where they wish to establish their Carbones Pizzeria restaurant. The estimate also assumes that the general contractor will include permitting fees in the construction costs.
The estimates provided by Carbones Pizzeria assume standard tenant improvements within a structure designed for commercial use. These estimates exclude items such as structural modifications, site work, energy studies, surveys, and/or exterior improvements. Franchisees should be aware of these exclusions and factor in additional costs if their chosen location requires any of these items. The initial investment table shows that leasehold improvements are estimated to cost between $130,000 and $400,000.