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

According to Face Foundrie's 2025 Franchise Disclosure Document, the low range estimate for rent assumes that a franchisee obtains a free rent period from their landlord after opening and/or is not required to pay a security deposit. The document also states that both the low and high ranges assume that rent during the buildout of the space has been waived or discounted.

This is beneficial for prospective Face Foundrie franchisees as it lowers the initial investment required to start the business. Securing a free rent period or waiving the security deposit can significantly reduce the upfront costs, making the franchise more accessible. Additionally, the assumption that rent during buildout is waived or discounted further alleviates the financial burden during the initial phase.

However, it's important to note that these are just assumptions. A prospective franchisee should not rely solely on these assumptions but should actively negotiate with landlords to secure favorable lease terms. If a franchisee is unable to obtain a free rent period or a waiver of the security deposit, or if rent during buildout is not waived or discounted, the actual initial investment could be significantly higher than the low range estimate provided in the FDD. Therefore, thorough due diligence and negotiation are crucial when securing a location for a Face Foundrie franchise.