NAME OF
EXPENDITURE
|
ESTIMATED AMOUNT
OR ESTIMATED
LOW-HIGH RANGE*
|
WHEN DUE
|
METHOD OF
PAYMENT
|
WHETHER
REFUNDABLE
|
TO WHOM
PAYMENT IS MADE
|
INITIAL FRANCHISE FEE1
|
$35,000
|
Upon signing the Franchise Agreement &, if applicable, Development Rights Rider
|
Lump Sum
Check or Cash
|
Partially refundable under certain circumstances
(see Item 5)
|
Franchisor
(Jimmy John’s Franchise, LLC)
|
REAL ESTATE/RENT2
(1 MONTH)
|
$2,500 – $6,000
|
As Incurred
|
As Agreed
|
No
|
Landlord
|
REAL ESTATE
SECURITY DEPOSIT
|
$2,500 – $6,000
|
As Incurred
|
As Agreed
|
Yes
|
Landlord
|
LEASEHOLD
IMPROVEMENTS3
|
$90,000 – $150,000
|
As Incurred
|
As Agreed
|
No
|
Outside Suppliers
|
FURNITURE, FIXTURES, EQUIPMENT, SIGNS4
|
$70,000 – $80,000
|
As Incurred
|
As Agreed
|
No
|
Outside Suppliers
|
ARCHITECT
|
$4,000– $10,000
|
As Incurred
|
As Agreed
|
No
|
Architect
|
OFFICE EQUIPMENT5
|
$2,500
|
As Incurred
|
As Agreed
|
No
|
Outside Suppliers
|
UTILITY DEPOSITS6
|
$1,000 – $2,000
|
As Incurred
|
As Agreed
|
Yes
|
Utility Companies
|
OPENING INVENTORY & SUPPLIES7
|
$5,500
|
As Incurred
|
As Agreed
|
No
|
Designated & Approved
Suppliers
|
GRAND OPENING
MARKETING8
|
$5,000
|
As Incurred
|
As Incurred
|
No
|
Advertising Sources
|
TRAINING EXPENSES
(out-of-pocket cost for 2 people)
|
$6,000 – $10,000
|
As Incurred
|
As Incurred
|
No
|
Third Parties
|
INSURANCE9
|
$400 – $1,000
|
As Incurred
|
As Incurred
|
No
|
Insurance Company
|
Misc Expenses10
|
$2,000 – $10,000
|
As Incurred
|
As Incurred
|
No
|
Advisors and others
|
ADDITIONAL FUNDS -
3MONTHS11
|
$63,500
|
As Incurred
|
As Incurred
|
No
|
Employees & Suppliers
|
TOTAL ESTIMATED
INITIAL INVESTMENT
(excluding real estate purchase costs)
|
$289,000 – $386,500
|
|
|
|
|
ONGOING
|
Royalties - 6%
Advertising - 4.5%
|
Weekly
|
Bank Transfer
|
No
|
Franchisor
(Jimmy John’s Franchise, LLC)
|