What is the estimated range for miscellaneous pre-opening costs for The Standardx?
The_Standardx Franchise · 2025 FDDAnswer from 2025 FDD Document
YOUR ESTIMATED INITIAL INVESTMENT*
| Type of expenditure | Amount | Method of Payment | When due | To whom payment is to be made |
|---|---|---|---|---|
| Application Fee (1) | $95,000 to $145,000 | Lump sum | Upon signing franchise application | Us |
| Comfort letter fee(s) |
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 36–40)
What This Means (2025 FDD)
According to The Standardx's 2025 Franchise Disclosure Document, the estimated initial investment for miscellaneous pre-opening costs ranges from $276,000 to $375,000. These costs are payable as agreed and incurred to suppliers, employees, The Standardx, and Hyatt Corporation.
These miscellaneous pre-opening costs cover a variety of expenses necessary to get the hotel ready for its grand opening. According to Item 7, these costs include office supplies, wages for hotel management and employees before opening, and other prepaid opening expenses. Additionally, this estimate includes amounts franchisees may pay to The Standardx or its affiliates for optional training or consulting services.
Prospective franchisees should carefully consider these costs and how they fit into their overall budget. Since these costs are estimates, actual expenses may vary. It is important to discuss these figures with a business advisor to ensure adequate funding is available for the pre-opening phase. Understanding these costs will help franchisees prepare for the financial demands of launching a The Standardx hotel.