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FRANCHISE INFORMATION
Development Costs
The following figures are a guideline only based on Grower Direct's experience
and estimates. They should not be used as actuals for budgetary purposes.
Development costs of individual stores will vary greatly based on size,
geographical location, lease requirements, and the amount of work that
is performed by storeowners. Please note: The following estimates do not
include tenant improvement allowance that may be negotiated with the landlord
or GST.
Description |
High
|
Low |
Payable To |
When Due |
| Initial Franchise Fee |
$15,000 |
$15,000 |
The Franchisor |
Upon Invoicing |
| Leasehold Improvements, Equipment and Fixtures |
$30,000 |
$18,000 |
Third Party Suppliers |
Upon Invoicing |
| Inventory and Supplies - Flowers |
$4,000 |
$2,500 |
The Franchisor |
14 Days from Invoice |
| Professional Fees (e.g. Incorporation and Lease Review) |
$2,500 |
$700 |
Third Party Suppliers |
Upon Invoicing |
| Professional Fees |
$1,000 |
$300 |
Third Party Suppliers |
Upon Invoicing |
| Advertising and Promotion |
$4,000 |
$500 |
Third Party Suppliers |
Upon Invoicing |
| Initial Rent |
$2,500 |
$500 |
Landlord |
Upon Signing Lease |
| Travel and Accommodaton, Living Expenses and Wages for Two People During Training |
$1,500 |
$0 |
Third Party Suppliers |
Upon Invoicing |
| Insurance |
$1,200 |
$550 |
Third Party Suppliers |
Upon Invoicing |
| Pos System Deposit |
$299 |
$0 |
The Franchisor |
Upon Invoicing |
| License Fees |
$700 |
$100 |
Third Party Suppliers |
Upon Invoicing |
Total |
$62,699 |
$38,150 |
|
|
GST - 6% |
$3,761.94 |
$2,289 |
To Franchisor or Supplier |
Upon Invoicing |
| Subtotal Taxes Included |
$66,460.94 |
$40,439 |
|
|
| Security Deposit - Lease Premises |
$5,000 |
$0 |
Third Party Suppliers |
Upon Invoicing |
| Security Deposit - Utilities |
$2,000 |
$0 |
Third Party Suppliers |
Upon Invoicing |
Grand Total |
$73,460.94 |
$40,439 |
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