 Why Buy a Famo's Franchise?
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Types of Franchises Available
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Expenditure |
Est. Amount or Est. High-Low Range |
Method of Payment |
When Due |
To Whom Paid |
| Initial Franchise Fee(1) |
$10,000 |
Lump Sum |
When you sign the Franchise Agreement |
Famo's |
| Expenses While Attending Training(2) |
$2,000 - $4,000 |
As agreed |
As incurred |
Transportation, Food and Lodging |
| Leasehold Improvements(3) |
$50,000 - $75,000 |
As agreed |
As incurred |
Suppliers |
| Furniture, Fixtures, Equipment, Teleph., Signs(4) |
$25,000 - $30,000 |
As agreed |
As incurred |
Suppliers |
| Business Licenses(5) |
$75.00 - $150.00 |
As agreed |
As incurred |
Suppliers |
| First 3 Months' Rent and Security Deposit(6) |
$6,000 - $8,000 |
As agreed in lease |
As agreed in lease |
Lessor |
| Insurance(7) |
$700 - $1,500 |
As arranged |
As agreed |
Insurance Company |
| Computer Hardware and Software |
$3,500 - $5,000 |
Lump Sum |
As incurred |
Third Parties |
| Professional Fees(8) |
$3,000 - $5,000 |
As Agreed |
As incurred |
Professionals |
| Additional Funds - 3 months (9) |
$10,000 - $32,000 |
Varies |
As incurred |
Third Parties |
| Initial Inventory |
$2,500 - $4,000 |
Varies |
As incurred |
Third Parties |
| TOTALS |
$110,275 - $162,650 |
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- The franchise Fee for one location is $10,000.
- Training consists of two to three weeks and it is anticipated that the daily costs for hotel are approximately $90/day. Air fare will vary depending on where the franchisee is flying from.
- Leasehold Improvements will vary depending on the condition of the location
- Furniture, Fixtures and Equipment costs will vary depending on the size of the location and whether the equipment is new or used
- Business Licenses will depend on local communities, codes and zoning
- This is anticipated at 3 months rent and a security deposit equal to one month's rent
- Insurance includes comprehensive public, product and automobile liability insurance under one or more policies of insurance containing minimum liability coverage; and (ii) general casualty and property insurance
- Professional fees include architectural, legal, accounting
- Working capital
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