What is the estimated range for training expenses (fees and reimbursements payable to us) for The Standardx?
The_Standardx Franchise · 2025 FDDAnswer from 2025 FDD Document
| 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) | $0 to $2,500 | Lump sum | When your lender(s) sign a comfort letter with us | Us |
| Alternative Design | $0 to $30,000 | As agreed | As incurred | Us |
| Review Fee | ||||
| Extension of opening deadline | $0 to $10,000 | As agreed | When you request extension of Hotel opening deadline | Us |
| IT Project Management Services fee and expense reimbursement | $64,995 to $69,630 | As agreed | Before the Hotel opens | Us |
| Signage | $65,000 to $100,000 | As agreed | As incurred | Suppliers |
| Telecommunications systems, security system and Technology System equipment and fees (2) | $638,600 to $777,650 | As agreed | As incurred | Suppliers and Hyatt Corporation |
| Column 1 Type of expenditure | Column 2 Amount | Column 3 Method of Payment | Column 4 When due | Column 5 To whom payment is to be made |
| Architecture and design | $537,500 to $1,950,000 | As agreed | As incurred | Architects, engineers, designers and other professionals |
| Construction, improvements, remodeling, decorating costs and other sitework | $21,875,000 to $67,500,000 | As agreed | As incurred | General contractor, suppliers and us or our affiliate |
| Furniture, fixtures, other fixed assets and equipment (3) | $3,375,000 to $12,000,000 | As agreed | As incurred | Suppliers |
| Operating supplies & | $625,000 to | As agreed | As incurred | Suppliers |
| equipment (4) | $2,700,000 | |||
| Fire and life safety | $15,000 to | As agreed | As incurred | Suppliers |
| consultation | $30,000 | |||
| General and administrative buildout costs (5) | $320,000 to $500,000 | As agreed | As incurred | Third parties |
| Revenue management fees (6) | $0 to $17,500 | As agreed | Monthly, if you participate in the revenue management program | Us |
| Field marketing program fees (6) | $0 to $24,723 | As agreed | Monthly, if you participate in the field marketing program | Us |
| Pre-opening marketing and sales expenses (7) | $62,500 to $300,000 | As agreed | Before opening | Us and third parties |
| Liquor license (8) | $30,000 to $400,000 | As agreed | As incurred | Government agency or previous license holder |
| PIP fee | $0 to $10,000 | As agreed | For our preparation of the PIP if you are converting an existing structure to a Brand Hotel | Us |
| Column 1 Type of expenditure | Column 2 Amount | Column 3 Method of Payment | Column 4 When due | Column 5 To whom payment is to be made |
| Training expenses (fees and reimbursements payable to us) | $18,775 to $41,705 | As agreed | As incurred | Us |
| Training expenses (your and your personnel’s costs to attend) | $20,085 to $27,810 | As agreed | As incurred | Suppliers |
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 36–40)
What This Means (2025 FDD)
According to The Standardx's 2025 Franchise Disclosure Document, franchisees can expect to incur training expenses, specifically fees and reimbursements payable to The Standardx, ranging from $18,775 to $41,705. These expenses are payable as agreed upon and as incurred. This cost covers the training fees and reimbursements that the franchisee must pay directly to The Standardx.
In addition to the fees paid directly to The Standardx, the FDD also specifies another category of training expenses related to the costs incurred by the franchisee and their personnel to attend the training. These costs, which are separate from the fees paid to The Standardx, range from $20,085 to $27,810 and are paid to suppliers.
Prospective franchisees should budget for both categories of training expenses. It is important to note that the initial investment table provides an estimate for these costs, and actual expenses may vary. Franchisees should inquire with The Standardx about the specifics of the training program, including the location, duration, and any additional costs that may not be included in the estimated range.