What assumptions are made regarding the location for the Face Foundrie leasehold improvement estimates?
Face_Foundrie Franchise · 2025 FDDAnswer from 2025 FDD Document
Our estimates are based on the assumption that the location is in suburban or urban retail lifestyle center space with approximately 1,400 to 2,200 square feet.
Estimates are based on spaces delivered in a variety of conditions, but typically with a minimum of a level concrete floor suitable for floor coverings, HVAC, electricity, gas, sewers, bathroom facilities, water and plumbing.
Our estimates assume standard tenant improvements and excludes items such as structural construction, site surveys, site plans, energy studies, exterior improvements, or building elevations.
Estimates assume a typical tenant improvement allowance, cash contribution, or landlord work letter from your landlord for the cost of improvements.
Your costs may be higher if these arrangements are not available through your landlord.
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 23–27)
What This Means (2025 FDD)
According to Face Foundrie's 2025 Franchise Disclosure Document, the leasehold improvement estimates are based on several assumptions about the location of the Facial Bar. The estimates assume that the location is in a suburban or urban retail lifestyle center, occupying approximately 1,400 to 2,200 square feet. These locations are expected to have a minimum of a level concrete floor suitable for floor coverings, HVAC, electricity, gas, sewers, bathroom facilities, water, and plumbing.
The estimates also assume standard tenant improvements and exclude structural construction, site surveys, site plans, energy studies, exterior improvements, or building elevations. Furthermore, Face Foundrie assumes a typical tenant improvement allowance, cash contribution, or landlord work letter from the landlord to cover the cost of improvements.
Prospective Face Foundrie franchisees should be aware that if these conditions are not met, or if a tenant improvement allowance is not available from the landlord, the actual costs of leasehold improvements may be higher than the estimates provided in the FDD. It is important for franchisees to thoroughly investigate the costs of obtaining a location and to factor in potential variations based on the specific conditions of the premises.