Initial Investment  

The Franchise offered is for the operation of a business that offers high-end New York-style pizzeria and Italian restaurant. The Initial Franchise Development Fee is $20,000. The estimated initial investment ranges from $261,500 to $525,500 (depending on local build-out costs for your store, and expenses in the first 6 months of operation). This sum does not include real property, worker's compensation insurance, or any salary for the owner during the initial start-up period. Further descriptions and additional information can be found in our Uniform Franchise Offering Circular.  Send us an email to inquire about your own franchise.

INITIAL INVESTMENT  

Explanatory Notes.

 (1)       The Initial Fee is non-refundable

 (2)       You must lease an appropriate site.  Generally, the leases are for 5 years with an option to renew for 5 years.  The amounts specified for leasehold improvements and security deposits on a lease and rent are based on our business experience.  These costs depend on the size, condition, and location of the leased premises, and the costs the landlord assumes.  You may hire any party for this assistance or may conduct site selection yourself.

 (3)       The difference between the low and high ranges for equipment and supplies is due to the shipping distances, price differences between suppliers and the quantity needed.  You may purchase or lease original equipment and supplies, signs and opening inventory meeting our standards from any approved source.

 (4)       Training expenses are only incurred when additional training is requested.

 (5)       We estimate that annual insurance premiums for a Restaurant range from $15,000 to $25,000.  However, this cost may be significantly higher depending on the state coverage requirements, Restaurant location and your loss history.

 (6)       The Miscellaneous Opening Costs are our best estimate of the costs and deposits for and installation of telephones, deposits for gas, electricity and related items.  These are paid as incurred to various utilities and suppliers.

 (7)       This item estimates your initial start up expenses for 3 months and assumes you pay the maximum estimated figure for monthly rent.  This item does not include ongoing inventory purchases, royalty or advertising payments or the cost of any financing interest or amount of debt service obligation.  These figures are estimates and we cannot guarantee that you will not have additional expenses starting the business.  Your costs will depend on the following factors:  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.

 (8)       We relied on our business experience to compile these estimates.  You should review these figures carefully with a business advisor before making any decision to purchase the franchise. The estimate does not include any finance charge, interest or debt service obligation.  These estimates were based on a business located in Ann Arbor, Michigan.  These estimates could be substantially higher in your territory.