What does the Face Foundrie insurance figure represent?

According to Face Foundrie's 2025 Franchise Disclosure Document, the insurance figure provided in the initial investment table represents the estimated cost of maintaining the required insurance coverage for the first three months of operation. This estimate functions as an initial deposit for the necessary coverage to operate the business. The FDD specifies that this cost can range from $1,000 to $3,350.

The actual insurance costs for a Face Foundrie franchise can vary based on factors such as the size and location of the Facial Bar. The document outlines the minimum insurance coverages required, including comprehensive general liability insurance with limits of at least $1,000,000 per occurrence and $2,000,000 in the general aggregate, abuse and molestation coverage with limits of at least $1,000,000 per occurrence, all risks coverage for full repair and replacement value of property with no more than a $1,000 deductible, and worker's compensation and professional liability insurance with limits of at least $1,000,000, as well as any other insurance required by law. Face Foundrie also recommends cyber liability insurance with coverage of at least $1,000,000 for each occurrence and $3,000,000 in the aggregate.

It's important to note that the insurance estimate provided does not include contractor general liability insurance, which is accounted for separately under leasehold improvements. If a franchisee fails to obtain or maintain the required insurance, Face Foundrie retains the right, but not the obligation, to secure insurance on the franchisee's behalf. In such cases, the franchisee would be required to promptly reimburse Face Foundrie for the premiums, along with an administrative fee. Prospective franchisees should carefully review the insurance requirements and obtain quotes to understand the potential costs for their specific location and circumstances.