What factors influence the cost of leasehold improvements for a Face Foundrie franchise?
Face_Foundrie Franchise · 2025 FDDAnswer from 2025 FDD Document
Leasehold Improvements.
The cost of leasehold improvements will vary widely depending upon the size and condition of the premises, whether or not there are any existing and comparable leasehold improvements in the premises, the extent and quality of improvements desired by you over and above our minimum requirements, the landlord's cash contribution to the cost of the improvements, whether you utilize union or non-union labor, and other factors.
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.
The costs of leasehold improvements may vary if some items that typically are included in the furnishings, fixtures and equipment category, such as flooring, lighting and millwork, are instead included in the leasehold improvements category.
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 cost of leasehold improvements can vary significantly based on several factors. These include the size and condition of the premises a franchisee selects for their Facial Bar. If the location already has existing leasehold improvements that are comparable to Face Foundrie's requirements, this may reduce costs.
The extent and quality of improvements desired by the franchisee beyond Face Foundrie's minimum requirements will also impact costs. Another key factor is whether the landlord provides a cash contribution to offset improvement expenses. The type of labor used, whether union or non-union, can also affect the overall cost of leasehold improvements.
Face Foundrie's estimates are based on locations in suburban or urban retail lifestyle centers, typically ranging from 1,400 to 2,200 square feet. These estimates assume the space has a level concrete floor, 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.
The FDD notes that costs may be higher if the franchisee cannot secure a tenant improvement allowance, cash contribution, or landlord work letter. Additionally, costs can fluctuate if items typically categorized under furnishings, fixtures, and equipment (like flooring, lighting, and millwork) are instead included in the leasehold improvements category. The table provided in Item 7 shows that leasehold improvements are estimated to range from $45,000 to $233,000.