What is the estimated cost range for insurance premiums during the initial setup of a Kitchen Solvers franchise?
Kitchen_Solvers Franchise · 2025 FDDAnswer from 2025 FDD Document
YOUR ESTIMATED INITIAL INVESTMENT
| Type of Expenditure | Amount1 | Method of Payment | When Due | To Whom Payment is to be Made | |
|---|---|---|---|---|---|
| Initial Franchise Fee1 | $60,000 | Lump sum | Upon execution of Franchise Agreement | Us | |
| Pre-Opening | $2,000 to $3,000 | As Incurred | As Incurred | Third parties for travel | |
| Training3 | and living expenses | ||||
| Supplies Package4 | $5,900 | As incurred | Upon execution of Franchise Agreement | Us | |
| Local Marketing5 | $9,000 | As Incurred | As Incurred | Third Party Suppliers | |
| Rent/Leasehold | $0 to $4,500 | As incurred | As incurred | Landlord/Third Party | |
| Improvements6 | (Showroom) | Suppliers | |||
| Office Equipment & | $0 to $4,500 | As incurred | Before opening | Third-party suppliers | |
| Computer System7 | |||||
| Vehicle8 | $0 to $2,100 | Lump sum | Before opening | Third-party suppliers | |
| Vehicle and/or Trailer | $1,000 to $2,500 | Lump Sum | Before opening | Third-party suppliers | |
| Wrap9 | |||||
| Insurance Premiums10 | $1,000 to $3,500 | As Incurred | Before opening | Insurance companies | |
| Utility Deposits and | $100 to $750 | Lump Sum | Before opening | Third-party suppliers | |
| Business Licenses11 | |||||
| Attorney’s Fees12 | $500 to $1,000 | Lump sum | As incurred | Attorney | |
| Bookkeeping Tech | $300 | As incurred | As incurred | Third-party suppliers | |
| Fees13 | |||||
| Accounting Fees14 | $750 to $1,500 | As Incurred | As incurred | Third-party suppliers | |
| Back Office | $0 to $450 | As incurred | As incurred | Third-party suppliers | |
| Expenses15 | |||||
| Installation Tools16 | $0 to $7,250 | As incurred | As incurred | Third-party suppliers | |
| Technology Fees17 | $807 | As Incurred | As Incurred | Us | |
| Type of Expenditure | Amount1 | Method of Payment | When Due | To Whom Payment is to be Made | |
| Additional Funds (3- | $20,000 to $30,000 | As incurred | As Incurred | Employees, third-party | |
| month period)18 | suppliers, etc. | ||||
| TOTAL19 | $101,857 to $136,807 | #### Notes: |
- (1) The above chart assumes that you did not qualify for any discounts, and that you paid the standard Initial Franchise Fee.
- (2) These are the estimated initial investments for beginning operations for a KITCHEN SOLVERS Business.
Source: Item 7 — Estimated Initial Investment (FDD pages 16–21)
What This Means (2025 FDD)
According to Kitchen Solvers's 2025 Franchise Disclosure Document, the estimated initial investment for insurance premiums ranges from $1,000 to $3,500. This estimate covers the first three months of operation for a single territory and includes general liability, workers' compensation, commercial auto, and any other insurance coverage that Kitchen Solvers designates. These premiums are paid to insurance companies and are due before opening the Kitchen Solvers business.
Prospective franchisees should note that these figures are estimates and could vary based on factors such as the specific insurance provider chosen, the level of coverage selected, and the franchisee's location. Insurance costs can also be influenced by the number of employees and the type of vehicles used in the business. It is important for franchisees to obtain quotes from multiple insurance providers to ensure they are getting the best possible rates and coverage.
Given the potential variability in insurance costs, it would be prudent for prospective Kitchen Solvers franchisees to consult with an insurance professional to get a more accurate estimate for their specific circumstances. Understanding the factors that influence insurance premiums and obtaining tailored quotes will help franchisees budget effectively and avoid unexpected expenses during the initial setup phase.