What is the estimated range for Construction and Leasehold Improvements for a Cordova franchise?
Cordova Franchise · 2025 FDDAnswer from 2025 FDD Document
| Type of Expenditure | Amount | When Due | To Whom Payment is Made | |
|---|---|---|---|---|
| Initial Franchise Fee | $40,000 | Lump sum | When Franchise | Us |
| (Note 1) | Agreement is signed | |||
| Construction and Leasehold | $5,000 – $10,000 | As arranged | As incurred | Contractors, suppliers, |
| Improvements (Note 2) | and/or landlord |
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 15–19)
What This Means (2025 FDD)
According to Cordova's 2025 Franchise Disclosure Document, the estimated cost for Construction and Leasehold Improvements ranges from $5,000 to $10,000. This investment covers the expenses related to the construction and build-out of an Administrative Office, which Cordova defines as a non-retail commercial office space used for administrative operations and employee coordination. These offices typically range from 1,500 to 2,500 square feet.
The estimate assumes that the selected location already has essential interior improvements, including functional heating/cooling systems, lighting, electrical outlets, lavatories, and finished surfaces. This suggests that the stated range covers primarily cosmetic or minor structural modifications rather than complete renovations. Cordova notes that the Administrative Office may be accessible to clients.
Prospective franchisees should carefully evaluate potential office locations to ensure they meet these baseline requirements to avoid unexpected costs exceeding the estimated range. It is important to factor in local construction costs and obtain detailed quotes from contractors to accurately assess the potential investment. Franchisees should also confirm with Cordova whether any specific construction standards or approved vendors are required, as this could further influence costs.