Under what condition might the Face Foundrie leasehold improvement costs be higher?
Face_Foundrie Franchise · 2025 FDDAnswer from 2025 FDD Document
Estimates assume a typical tenant improvement allowance, cash contribution, or landlord work letter from your landlord for the cost of improvements.
Your costs may be higher if these arrangements are not available through your landlord.
The costs of leasehold improvements may vary if some items that typically are included in the furnishings, fixtures and equipment category, such as flooring, lighting and millwork, are instead included in the leasehold improvements category.
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 23–27)
What This Means (2025 FDD)
According to Face Foundrie's 2025 Franchise Disclosure Document, the cost of leasehold improvements can increase if the landlord does not provide a standard tenant improvement allowance, cash contribution, or landlord work letter. These arrangements are designed to offset some of the franchisee's expenses related to improving the leased space.
The FDD specifies that the estimated initial investment for leasehold improvements ranges from $45,000 to $233,000. This estimate is based on the assumption that the location is in a suburban or urban retail lifestyle center space with approximately 1,400 to 2,200 square feet and includes standard tenant improvements. However, the estimate excludes structural construction, site surveys, site plans, energy studies, exterior improvements, or building elevations.
Therefore, if a prospective Face Foundrie franchisee is unable to secure these contributions from the landlord, they should anticipate higher out-of-pocket expenses for leasehold improvements. Additionally, costs may increase if items typically included in the furnishings, fixtures, and equipment category, such as flooring, lighting, and millwork, are instead classified as leasehold improvements.