What was the rent per square foot at the Minneapolis Face Foundrie location?
Face_Foundrie Franchise · 2025 FDDAnswer from 2025 FDD Document
nd May 31, 2024 was based on approximately 1,250 square feet, and the rent paid was $130.93 per square foot; following a relocation, the Edina Facial Bar's rent from June 1, 2024 to December 31, 2024 was based
Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATIONS (FDD pages 59–69)
What This Means (2025 FDD)
According to Face Foundrie's 2025 Franchise Disclosure Document, the rent at the Minneapolis Facial Bar was $46.43 per square foot in 2024. The location was based on approximately 2,000 square feet. This figure may include percentage rent, where applicable.
For a prospective franchisee, this provides a benchmark for rent costs in Minneapolis. However, the FDD also cautions that rent expenses can vary significantly based on location and size of the Facial Bar. Face Foundrie recommends that franchised facial bars have 1,400 to 2,200 square feet of space.
It's important to note that the rent at the Edina Facial Bar varied between $130.93 and $88.25 per square foot in 2024 due to a relocation, highlighting the potential for significant rent fluctuations even within the same metropolitan area. Therefore, franchisees should conduct thorough market research to estimate realistic rent expenses for their specific location.
Prospective franchisees should also consider that these figures are based on Face Foundrie's corporate locations and do not include the Royalty Fee and Technology Fee that franchisees will incur. The document advises that if a franchisee secures a larger Facial Bar or pays more for rent, this expense could increase significantly.