What does the high range of the Face Foundrie rent estimate assume?

According to Face Foundrie's 2025 Franchise Disclosure Document, the high range of the rent estimate assumes that the franchisee paid a security deposit and the first month's rent. The document also states that the estimate includes the first month's rent payment, security deposits, and utility deposits. The security deposit is assumed to be equal to one month's rent, though this can vary. Both the low and high ranges assume that rent during the buildout of the space has been waived or discounted.

For a prospective Face Foundrie franchisee, this means that the initial investment for rent could be significantly higher if a security deposit is required. It is important to note that the estimate is based on Face Foundrie's experience and the experience of its franchisees, but actual costs may vary depending on the location of the Facial Bar. The FDD indicates that rent, common area maintenance fees, and property taxes will vary depending upon factors such as the size of the premises, the site's condition, and its location.

Therefore, franchisees should thoroughly investigate the costs of obtaining a location and negotiate lease terms with the landlord. Understanding these assumptions is crucial for budgeting and financial planning when opening a Face Foundrie franchise. Franchisees should also confirm whether they can obtain a free rent period from their landlord after opening, which would reduce their initial rental costs.