Are any of the estimated initial investment amounts for a Carbones Pizzeria franchise refundable?

According to Carbones Pizzeria's 2025 Franchise Disclosure Document, none of the estimated initial investment amounts are refundable, with the exception of the initial franchise fee under certain conditions as detailed in Item 5. The total estimated initial investment ranges from $328,600 to $908,350. These costs cover various aspects of setting up the franchise, including the initial franchise fee of $25,000, travel and living expenses during training which range from $1,000 to $2,500, leasehold improvements estimated between $130,000 and $400,000, and rent for the first three months, estimated at $7,500 to $18,750.

Additional expenditures include furniture, fixtures, equipment, and small wares, which range from $90,000 to $285,000, point of sale systems costing between $5,000 and $10,000, and signage estimated at $6,000 to $18,000. Franchisees must also account for miscellaneous opening costs, estimated between $34,100 and $39,100, and an initial inventory costing $10,000 to $20,000. Furthermore, the estimated additional funds needed for the first three months of operation range from $20,000 to $90,000.

Prospective Carbones Pizzeria franchisees should be aware that these figures are estimates and the actual investment could vary. Factors influencing these costs include the size and location of the restaurant, the condition of the leased premises, and the selection of equipment. The FDD advises that franchisees carefully investigate all costs in their desired area and review these figures with a business advisor before making any decision to purchase the franchise. It is also important to note that neither Carbones Pizzeria nor its affiliates offer financing for any part of the initial investment.