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Franchise Investment
Understanding Your Initial Investment
Investing in a Hale and Hearty Soups franchise involves various initial costs. These costs can vary depending on factors such as location, the state of the premises, and other specifics. Here is a breakdown of the estimated initial investment for opening a Hale and Hearty Soups franchise:
| Type of Expenditure | Method of Payment | When Due | To Whom Payment is Made | Actual or Estimated Amounts |
|---|---|---|---|---|
| Initial Franchise Fee | Lump Sum | On Signing of the Franchise Agreement | Franchisor | $38,000 |
| Rent/Lease CAM/Taxes/Lease and Utility Security Deposits | Monthly | Monthly | Landlord | $30,000 - $67,000 |
| Architectural Fees | As Incurred | As Arranged | Approved Suppliers | $5,000 - $20,000 |
| Leasehold Improvements | As Arranged | As Arranged | Landlord or Contractors | $100,000 - $150,000 |
| Equipment/Furniture/Small Wares | As Arranged | As Arranged | Designated and Approved Suppliers | $60,000 - $150,000 |
| Initial Inventory | As Arranged | As Arranged | Designated and Approved Suppliers | $8,000 - $15,000 |
| Insurance | As Arranged | As Arranged | Your Insurance Company | $1,000 - $10,000 |
| Training | As Incurred | As Incurred | Transportation, Hotels, Restaurants, Staff Salaries | $2,500 - $4,500 |
| Grand Opening Advertising | Lump Sum | On Signing Lease | Franchisor | $12,500 |
| Exterior Signage | As Arranged | As Arranged | Approved Suppliers | $2,500 - $25,000 |
| Interior Branding/Graphics | As Incurred | As Incurred | Approved Suppliers | $3,000 - $10,000 |
| Uniforms, Office Equipment, and Supplies, TVs/Stereo System/Security System | As Incurred | As Incurred | Designated and Approved Suppliers | $15,000 - $30,000 |
| POS System | As Incurred | As Incurred | Designated Suppliers | $4,000 - $17,000 |
| POS System Connection to Private Network | As Incurred | Prior to Opening | Franchisor | $5,000 |
| Professional Fees | As Incurred | As Incurred | Accountant, Solicitor | $1,500 - $10,000 |
| Business Licenses and Permits | As Incurred | As Incurred | Local Municipality, State | $800 - $5,000 |
| Additional Funds for 3 months | As Incurred | As Incurred | Approved Suppliers, Employees | $20,000 |
| Total | $308,800 - $589,000 | |||
Important Information
This is not an offer to sell or the solicitation of an offer to buy a franchise. This information is for informational purposes only. Currently, certain states regulate the offer and sale of franchises. Hearty Acquisitions LLC. dba Hale and Hearty Soups complies with all applicable pre-sale registration and disclosure requirements in these jurisdictions.
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info@handhfranchise.com
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TOLL FREE 1-855-944-7687(9HH-SOUP)
LOCATION
276 Stagg St, Brooklyn, NY 11206