What is the estimated low and high range for rent and security deposits for a Face Foundrie franchise?
Face_Foundrie Franchise · 2025 FDDAnswer from 2025 FDD Document
| Type of Expenditure | Amount | Method of Payment | When Due | To Whom Payment is to be Paid | |
|---|---|---|---|---|---|
| Low | |||||
| Rent and Security | $9,100 | $32,000 | As | As | Landlord |
| Deposit(2) | Arranged | Arranged |
These figures presume that you will be leasing the Facial Bar premises.
The estimate in the table above includes your first month's rent payment, security deposits and utility deposits (for example, telephone, electricity, gas and water).
We have assumed that any security deposit to your landlord will equal one month's rent, although this may vary from landlord to landlord.
The low range of the estimate assumes that you obtain a free rent period from your landlord after your opening and/or you are not required to pay a security deposit to your landlord, and the high range assumes you paid a security deposit and first month's rent.
Both the low and high ranges assume that rent during buildout of the space has been waived or discounted.
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 estimated initial investment for rent and security deposits ranges from $9,100 to $32,000. This estimate encompasses the first month's rent payment, security deposits, and utility deposits, such as those for telephone, electricity, gas, and water. The security deposit to the landlord is assumed to be equal to one month's rent, but this can vary.
The lower end of the estimate, $9,100, assumes that a franchisee obtains a free rent period from the landlord after opening or is not required to pay a security deposit. Conversely, the higher end, $32,000, assumes the franchisee pays both a security deposit and the first month's rent. The FDD notes that both ranges assume rent during the build-out phase is either waived or discounted, which could significantly lower initial costs.
Prospective Face Foundrie franchisees should thoroughly investigate local lease rates and negotiate terms with landlords to potentially reduce these initial costs. Factors such as the location's condition, demand, and any construction allowances from the landlord can influence the final amount. Given the wide variation in lease rates for retail space, conducting due diligence is crucial to accurately estimate and manage this portion of the initial investment.