What is the estimated range for leasehold improvements for a City Wide franchise?
City_Wide Franchise · 2025 FDDAnswer from 2025 FDD Document
| Type of Expenditure1 | Amount | payment | When Due | is to be Made |
|---|---|---|---|---|
| Initial Franchise Fee2 | $70,000 | Lump Sum | At Signing of Franchise Agreement | CITY WIDE |
| Initial Training Fee | $7,500 | Lump Sum | At Signing of Franchise Agreement | CITY WIDE |
| Initial Territory Fee3 | $15,000 to $50,000 | Lump Sum | At Signing of Franchise Agreement | CITY WIDE |
| Technology Provisioning | $12,500 | Lump Sum | At Signing of | CITY WIDE |
| Fee4 | Franchise Agreement | |||
| Travel and Living Expenses While Training5 | $4,000 to $10,000 | As Incurred | During Training/ Before Opening | Airlines, hotels, Restaurants, Car Rental Companies, and other vendors |
| Real Estate / Rent Deposit6 | $6,000 to $12,000 | As Arranged | Before Opening | Your Landlord |
| Leasehold Improvements7 | $0 to $5,000 | As Arranged | Before Opening | Landlord, Contractors, and Vendors |
| Signage8 | $700 to $2,500 | As Arranged | Before Opening | Approved Suppliers and Vendors |
| Utility and Security | $0 to $3,000 | As Arranged | Before Opening | Landlord and Utility |
| Deposits9 | Companies | |||
| Furniture, Fixtures, and | $5,000 to $16,000 | As Arranged | Before Opening | Approved Suppliers |
| Equipment10 | and Vendors | |||
| Computer Hardware, | $7,000 to $10,500 | As Arranged | Before Opening | CITY WIDE |
| Software, Peripherals and | ||||
| Licensing Fees11 | ||||
| IT Support Services12 | $120 per user per month for the first thirty-six months of operations for ongoing IT desktop services and support. | As Arranged, Monthly | Before Opening | CITY WIDE |
| Accounting Services13 | $1,500 | Monthly | Upon Opening | CITY WIDE |
| Business Development | $3,500 | Monthly | Upon Opening | CITY WIDE |
| Services14 | ||||
| Technology Development | $1,864 | Monthly | Upon Opening | CITY WIDE |
| Fee and IT Project | ||||
| Development Fees15 | ||||
| IT Project Development | $300 | Monthly | Upon Opening | CITY WIDE |
| Fees 15 | ||||
| Office Supplies and | $1,400 to $2,100 | Monthly | Upon Opening | CITY WIDE |
| Stationery16 | ||||
| Amount | Method of | When Due | To Whom Payment | |
| Type of Expenditure1 | payment | is to be Made | ||
| Recruitment Advertising | $4,500 to $13,500 | As Arranged | As Arranged | CITY WIDE and |
| and Services17 | Various Providers | |||
| Insurance18 | $1,900 to $5,700 | Installment/As Arranged | Monthly/As Arranged, A Portion Before Opening | Insurance Company |
| Payroll Technology19 | $1,000 to $3,500 | As Arranged | As Incurred | Required Suppliers |
| Professional Fees and License Fees20 | $8,000 to $12,000 | As Arranged | As Incurred | Approved Suppliers, Governmental Agencies, Accountants, Attorneys |
| Additional Funds21 | $75,000 to $150,000 | As Incurred | As Incurred | Various Providers, Suppliers and Employees |
| TOTAL22 | $226,784 to 393,084 |
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 21–24)
What This Means (2025 FDD)
According to City Wide's 2025 Franchise Disclosure Document, the estimated initial investment for leasehold improvements ranges from $0 to $5,000. This cost is arranged between the franchisee, landlord, contractors, and vendors and is due before opening the City Wide franchise.
The FDD also notes that the cost of construction and leasehold improvements depends on factors such as the size and condition of the premises, local contract work costs, and the location of the franchise's office. In some instances, a "turnkey" office may be available, eliminating the need for extensive renovations. However, other spaces may require significant work, including ceilings, walls, plumbing, flooring, and lighting.
The document specifies that the provided cost range covers only minor additions to standard office space finishes and does not account for reasonable renovation or leasehold improvements. This implies that franchisees should anticipate potential costs exceeding the stated range if their chosen location requires more than just minor cosmetic upgrades. It is important to note that all construction, leasehold improvements, and interior decor must meet City Wide's standards and specifications and receive approval from City Wide.
Prospective City Wide franchisees should carefully evaluate potential office locations and obtain detailed quotes for any necessary improvements to accurately assess their initial investment. They should also confirm with City Wide what constitutes 'minor additions' versus 'reasonable renovation' to avoid underestimating these costs.