Your Pie Franchise Investment
Learn what our pizza franchise costs and what you need to start your investment as a Your Pie franchise owner. You share our values and the Your Pie passion for owning a restaurant that is an active member of the local community — a destination where folks choose to gather with family and friends. Below are the facts about franchise costs.
|TYPE OF EXPENDITURE||AMOUNT||PAYMENT METHOD||WHEN DUE||TO WHOM PAYMENT IS DUE|
|Initial FranchiseFee (1)||$35,000||Lump Sum||Upon signing Franchise Agreement (and, if applicable, Development Rights Rider)||Us, Your Pie Franchising|
|Real Estate/Rent (2)||See Note 2||See Note 2||See Note 2||Landlord|
|Utility and Security Deposits (2)||$2,500 – $12,000||As Agreed||As Incurred||Utility Companies, Landlord|
|Leasehold Improvements (3)||$113,750 – $535,000||As Agreed||As Incurred||Outside Suppliers|
|Computer System||$5,000 – $10,000||As Agreed||As Incurred||Outside Supplier|
|Furniture, Fixtures, and Equipment (4)||$150,000 – $235,000||As Agreed||As Incurred||Outside Suppliers|
|Signage||$4,000 – $18,000||As Agreed||As Incurred||Outside Suppliers|
|Professional Fees||$2,000 – $10,000||As Agreed||As Incurred||Lawyers, Accountants and other Advisors|
|Architectural Plans and Civil Engineer (5)||$8,000-$12,500||As Agreed||As Incurred||Architect and Civil Engineer|
|Office Equipment and Supplies (6)||$1,500 – $5,000||As Agreed||As Incurred||Outside Suppliers|
|Business Licenses and Permits (7)||$2,500 – $7,000||As Agreed||As Incurred||Government Agencies|
|Opening Inventory and Supplies (8)||$12,500||As Agreed||As Incurred||Designated and Approved Suppliers, Us|
|Grand Opening Marketing (9)||$15,000||As Agreed||As Incurred||Advertising Sources|
|Training Expenses (out-of-pocket costs for 3 people)||$7,000 – $9,000||As Incurred||As Incurred||Third Parties|
|Insurance – 3 months (10)||$500 – $3,500||As Incurred||As Incurred||Insurance Company|
|Additional Funds – 3 months (11)||$10,000 – $20,000||As Incurred||As Incurred|
|TOTAL ESTIMATED INITIAL INVESTMENT (excluding real estate costs) (12)||$369,250 – $939,500|
Investment Chart Explanations
The above chart contains estimates of a franchisee’s total initial investment in one Restaurant, based upon our experience franchising Restaurants. The chart should be read in conjunction with the following notes.
* All amounts listed in the above table are nonrefundable, except that a portion of the initial franchise fee is refundable if we determine that your required trainees cannot complete initial training to our satisfaction, and we decide to terminate the Franchise Agreement. (See Item 5.)
We describe the initial franchise fees in Item 5 including how fees are calculated under the Development Rights Rider. No separate investment is required when you sign the Development Rights Rider.
A Restaurant occupies approximately 2,100 to 3,000 square feet of space. Rent depends on geographic location, size, local rental rates, businesses in the area, site profile, and other factors and could be considerably higher in large metropolitan areas. Restaurants can be in strip shopping centers, free-standing units, and other venues in downtown commercial areas and in residential areas. We anticipate that you will rent the Restaurant’s premises. It is possible, however, that you might choose to buy, rather than rent, real estate on which a building suitable for the Restaurant already is constructed or could be constructed. Real estate costs depend on location, size, visibility, economic conditions, accessibility, competitive market conditions, and the type of ownership interest you are buying. Because of the numerous variables that affect the value of a particular piece of real estate, this initial investment table does not reflect the potential cost of real estate.
Leasehold improvement costs, including floor covering, wall treatment, counters, ceilings, painting, window coverings, electrical, carpentry, and similar work, and architect’s and contractor’s fees, depend on the site’s condition, location, and size; the demand for the site among prospective lessees; the site’s previous use; the build-out required to conform the site for your Restaurant; and any construction or other allowances the landlord grants. The lower figure assumes that you remodel an existing restaurant, the higher figure assumes construction of a new space.
These amounts are for new equipment for the Restaurant, including ovens, refrigerators, freezers, small wares, stereo system, security system, televisions, tables, chairs, and millwork.
The architect will provide architectural services relating to the Restaurant building. The civil engineer will provide engineering services in conjunction with the architect and contractor.
This includes a small desk and chair, safe, adding machine, printer, fax machine, and telephone system.
The estimate includes the costs and expenses you will incur to obtain legal counsel to assist you with obtaining your business licenses and permits from state and local authorities. You must sell beer and wine at your Restaurant and you will need any required license to sell alcoholic beverage at your Restaurant (“Alcoholic Beverage Licenses”). The types of Alcoholic Beverage Licenses you need and the amount necessary to obtain the Alcoholic Beverage Licenses will vary widely among municipalities and will depend on the local governing authority involved. This estimate as it relates to Alcoholic Beverage Licenses is based solely on Restaurants developed by certain of our founder and his affiliates in Georgia. The costs for Alcoholic Beverage Licenses in your state and municipality may be much higher. You will need to research the Alcoholic Beverage Licenses you will need and factor that into your initial investment.
This includes food and beverage products, paper products, cleaning supplies, and printing and other supplies.
This is the minimum required amount you must spend on grand opening marketing for your Restaurant. Grand opening advertising takes place shortly before the opening of your Restaurant and for 60 days thereafter or such other period as we may designate.
You must obtain and maintain certain types and amounts of insurance. (See Item 8) Insurance costs depend on policy limits, types of policies, nature and value of physical assets, gross revenue, number of employees, square footage, location, business contents, and other factors bearing on risk exposure. The estimate contemplates insurance costs for 3 months.
This item estimates your initial startup expenses (other than the items identified separately in the table). These expenses include payroll costs but not any draw or salary for you. These figures are estimates, and we cannot guarantee that you will not have additional expenses starting the business. Your costs depend on how much you follow our methods and procedures; your management skill, experience, and business acumen; local economic conditions; the local market for your products and services; the prevailing wage rate; competition; and the sales level reached during the initial period.
In providing these figures, we relied on our experience supporting franchisees to operate Restaurants. We estimate these amounts will be required to cover your initial start-up expenses such as payroll, utilities, additional inventory, and other operating costs for the first three months after opening. However, these figures are merely estimates and there is no assurance that additional working capital will not be necessary during this initial phase or after. You should review these figures carefully with a business advisor before deciding to acquire the franchise. We do not offer financing directly or indirectly for any part of the initial investment. The availability and terms of financing depend on many factors, including the availability of financing generally, your creditworthiness and collateral, and lending policies of financial institutions from which you request a loan. You may have additional or greater expenses starting your business. In particular, the amount of cash reserves you will need will depend on factors such as your management skill, how well you follow the System, your experience and business expertise, economic conditions, the local market for your business, competition and the performance of your business.
You may have additional or greater expenses starting your business. In particular, the amount of cash reserves you will need will depend on factors such as your management skill, how well you follow the System, your experience and business expertise, economic conditions, the local market for your business, competition and the performance of your business. None of these fees or payments are refundable in whole or in part. Ready to get started? You can become a Your Pie franchise owner in just five steps.