What is the estimated range for insurance costs for a Gold Star franchise?
Gold_Star Franchise · 2025 FDDAnswer from 2025 FDD Document
YOUR ESTIMATED INITIAL INVESTMENT 1
| Type of Expenditure | Amount for Free Standing Building | Amount for Inline Space | Method of Payment | When Due | To Whom Payment Is To Be Made |
|---|---|---|---|---|---|
| Initial Franchise Fee2 | $10,000 to $50,000 | $10,000 to $50,000 | Cashier’s Check | At s |
Source: Item 7 — Estimated Initial Investment (FDD pages 18–21)
What This Means (2025 FDD)
According to Gold Star's 2025 Franchise Disclosure Document, the estimated initial investment for insurance ranges from $1,000 to $3,000, whether the location is a free-standing building or an inline space. This cost is paid as arranged to insurance companies before beginning operations.
This insurance cost is part of the total estimated initial investment, which ranges from $506,117 to $1,730,950 for a free-standing building and $496,432 to $809,237 for an inline space. It is important to note that this is just an estimate, and the actual cost may vary. Factors influencing the cost of insurance could include the specific location, coverage types, and the insurance provider selected.
Prospective franchisees should consider this insurance estimate as a starting point and obtain quotes from multiple insurance providers to determine the actual cost for their specific circumstances. It is also advisable to consult with an insurance professional to ensure adequate coverage is in place before commencing operations. Understanding the factors that can influence insurance costs will help franchisees budget appropriately and manage their initial investment effectively.