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FloridaFH

04/26/12 9:02 AM

#17775 RE: asus #17774

You need much more than that by the time you get it all together! Rent/buy property, utilities, equipment, inventory, referbishing the place, salaries, advertising etc....

And you need to be able to at least substain all the expenses for at least 6 months to a year before starting to recoup any money at all!

For sure if you just have $25,000 then you are out of business in six months and you might have as well just sent me a check... at least I'd be thankful. LOL

$200,000 is a very conservitive estimate to what it would cost to really have a shot at it, minimum.
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BobSinCA

04/27/12 2:42 PM

#17850 RE: asus #17774

Regarding minimum to open a franchise, $25K is what a franchisee pays to BCCI.

But there is also $100K 'cost to open a shop' and 30% of annual revenues (so, .3*144 = $43K) in working capital -- both per page 4 of the 'independent' research report published in January -- plus of course whatever it costs to gain permits, form a business, etc.

That works out to about $200K per location.