TYPE OF EXPENDITURE | AMOUNT | METHOD OF PAYMENT | WHEN DUE | TO WHOM PAYMENT IS TO BE MADE |
---|---|---|---|---|
Initial Franchisee Fee | $49,500 | Lump Sum | When you sign the Franchise Agreement | Touching Hearts, Inc. |
Training Expenses | $500 - $8,000 | As Incurred | During Training | Third Parties |
Office Equipment and Computer-Related Expenses | $2,600 - $4,600 | As Incurred | Prior to Opening | Third Parties |
Professional/ Business Licenses | $2,000 - $3,500 | As Incurred | As Incurred | Third Parties |
Additional Funds (3 months) | $4,785 - $17,485 | As Incurred | As Incurred | Advertising, Employees, Supplies, Utilities, Signage |
Real Estate and Improvements | $2,000 - $5,500 | As Incurred | As Incurred | Third Parties |
Insurance | $2,500 - $4,500 | As Incurred | Prior to Opening | Insurance Companies |
TOTAL | $63,885 - $93,085 |