What is the estimated range for Furniture, Fixtures, and Equipment for a Cordova franchise?
Cordova Franchise · 2025 FDDAnswer from 2025 FDD Document
">A. Single Territory
| 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 | |||
| Con |
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 initial investment for furniture, fixtures, and equipment ranges from $3,000 to $30,000. This includes items such as desks, chairs, computer equipment, and related office furniture. Cordova requires that these items be purchased from them or their approved manufacturers and suppliers, adhering to their specifications.
The FDD notes that the estimate includes the costs to lease furniture, fixtures, and equipment from Cordova's designated suppliers. This suggests that franchisees may have the option to lease rather than purchase these items outright, which could lower the initial investment. However, leasing would result in ongoing monthly expenses.
A prospective Cordova franchisee should carefully consider whether to lease or purchase these items, taking into account their budget and long-term financial goals. It would be prudent to inquire about the specific types and quantities of furniture, fixtures, and equipment required, as well as the terms and conditions of any leasing options. Understanding these details will help in accurately forecasting the initial investment and ongoing operational costs.