To whom are leasehold improvement payments made for a Face Foundrie franchise?
Face_Foundrie Franchise · 2025 FDDAnswer from 2025 FDD Document
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ITEM 7. ESTIMATED INITIAL INVESTMENT
| Type of Expenditure | Amount | Method of Payment | When Due | To Whom Payment is to be Paid | |
|---|---|---|---|---|---|
| Low | |||||
| Background Check Fee(1) | $200 | $600 | Lump Sum | Upon applying to |
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 23–27)
What This Means (2025 FDD)
According to Face Foundrie's 2025 Franchise Disclosure Document, payments for leasehold improvements are made to landlords and contractors. The estimated initial investment table shows that these payments are arranged and due before opening. The low-end estimate for leasehold improvements is $45,000, while the high-end estimate reaches $233,000.
Leasehold improvements encompass modifications to the leased space to meet Face Foundrie's brand standards and operational needs. These improvements can include flooring, wall finishes, lighting, and other interior construction work. The wide range in cost reflects variations in the condition of the space, the scope of work required, and any contributions from the landlord.
Prospective Face Foundrie franchisees should carefully evaluate potential locations and negotiate lease terms, including tenant improvement allowances, to manage these costs effectively. Understanding the specific requirements for leasehold improvements and obtaining detailed contractor bids are crucial steps in the pre-opening process. Franchisees should also confirm whether they need to pay the landlord or the contractors directly for the improvements.