Investment
The following costs are based on our own experience opening a GC BURGER restaurant in Mississauga and are estimated. The difference between low and high cost levels are due to many factors especially the leasehold of the location, size, build-out costs, signage and other expenses. Cost may vary from location to another and area to another.
Estimated low range | Estimated high range | When payable | Method of payment | Payment to | |
Franchise Package | |||||
Franchise Fee | 50,000 | 50,000 | Upon execution | Lump sum | GC BURGER Franchise |
Training & Opening Support | Incl. | Incl. | Upon execution | Lump sum | |
Subtotal 1 | 50,000 | 50,000 | |||
Establishment Costs | |||||
Property finding fee | 0 | 10,000 | As incurred | As billed | Local Agent |
Location lease deposit | 18,000 | 24,000 | As incurred | As billed | Landlord |
Architectural services | 15,000 | 20,000 | As incurred | As billed | Architect |
Construction work & Signage | 215,000 | 320,000 | As incurred | As billed | Contractors |
Décor / Equipment | 100,000 | 150,000 | As incurred | As billed | Contractors/Suppliers |
Initial stock | 15,000 | 25,000 | As incurred | As billed | Suppliers |
POS equipment | 5,000 | 10,000 | As incurred | As billed | Suppliers |
Licenses, permits, Insurance | 11,000 | 13,000 | As incurred | As billed | Suppliers |
Subtotal 2 | 379,000 | 572,000 | |||
Other Initial Costs | |||||
Legal & accounting fees | 5,000 | 10,000 | As incurred | As billed | Lawyer & accountant |
Staff recruitment & training | 7,000 | 13,000 | As incurred | As billed | Employees |
Launch promotion | 5,000 | 15,000 | As incurred | As billed | Suppliers |
Miscellaneous costs | 2,000 | 5,000 | As incurred | As billed | Suppliers |
Other | 3,000 | 5,000 | As incurred | As billed | Suppliers |
Working capital provision | 25,000 | 40,000 | In Bank | ||
Subtotal 3 | 47,000 | 88,000 | |||
Total investment | 476,000 | 710,000 |