What is the estimated range for general and administrative buildout costs for The Standardx?

According to The Standardx's 2025 Franchise Disclosure Document, the estimated initial investment for general and administrative buildout costs ranges from $320,000 to $500,000. These costs are payable to third parties and are due as incurred.

These general and administrative buildout costs encompass several essential elements for establishing The Standardx franchise. These include permit fees, security deposits, utility deposits and startup requirements, impact fees (one-time charges that the government levies to offset service costs relating to the new development), tap fees (charges for connecting to existing water or sewer lines), and various business licenses. The FDD notes that landlords sometimes cover tap or impact fees, with the exact amount varying based on municipal requirements and the final hotel configuration.

Furthermore, the general and administrative buildout costs also account for insurance, legal, and accounting expenses. These are critical for ensuring the franchise complies with all regulatory requirements and maintains sound financial practices from its inception. As these costs are estimates, prospective franchisees should conduct thorough due diligence and consult with experienced professionals to develop a detailed budget that accurately reflects the anticipated expenses for their specific location and circumstances. Understanding these costs is crucial for planning and securing adequate funding for the initial setup of The Standardx franchise.