Nifty Fifty’s cares about your interest and aims to work closely to get you to reach your next goal. The Nifty Fifty’s corporate team is invested in the success of its franchisees and wants to ensure franchise owners have a rewarding experience. Below is an estimate of the initial investment necessary to open a Nifty Fifty’s franchise restaurant.
Nifty Fifty’s Initial Investment – (Full Service Location)
Type of expenditure | |
---|---|
Initial franchise fee | |
Amount | $45,000 – $45,000 |
Method of payment | Check or wire transfer |
When due | Upon signing the franchise agreement |
To whom payment is to be made | Us |
Real Estate / Rent | |
Amount | $4,000 – $50,000 |
Method of payment | Check |
When due | Upon signing lease |
To whom payment is to be made | Landlord |
Utilities | |
Amount | $2,000 – $6,000 |
Method of payment | Check, debit, and/or credit |
When due | Upon ordering service |
To whom payment is to be made | Utility providers |
Leasehold Improvements | |
Amount | $100,000 – $480,000 |
Method of payment | Check |
When due | As incurred or when billed |
To whom payment is to be made | Contractors |
Market Introduction Program | |
Amount | $1,000 – $4,000 |
Method of payment | Check, debit, and/or credit |
When due | As incurred or when billed |
To whom payment is to be made | Vendors and suppliers |
Furniture, Fixtures, and Equipment | |
Amount | $100,000 – $600,000 |
Method of payment | Check, debit, and/or credit |
When due | As incurred |
To whom payment is to be made | Vendors and suppliers |
Computer Systems | |
Amount | $12,000 – $48,000 |
Method of payment | Check, debit, and/or credit |
When due | As incurred |
To whom payment is to be made | Vendors and suppliers |
Insurance | |
Amount | $12,000 – $30,000 |
Method of payment | Check |
When due | Upon ordering |
To whom payment is to be made | Insurance company |
Signage | |
Amount | $24,000- $180,000 |
Method of payment | Check, debit, and/or credit |
When due | Upon ordering |
To whom payment is to be made | Vendor |
Office Expenses | |
Amount | $800 – $4,000 |
Method of payment | Check, debit, and/or credit |
When due | As incurred |
To whom payment is to be made | Vendors |
Inventory | |
Amount | $20,000 – $30,000 |
Method of payment | Check, debit, and/or credit |
When due | Upon ordering |
To whom payment is to be made | Vendors |
Licenses and Permits | |
Amount | $4,000 – $20,000 |
Method of payment | Check |
When due | Upon application |
To whom payment is to be made | Government |
Professional Fees (lawyer, accountant, etc.) | |
Amount | $5,000 – $15,000 |
Method of payment | Check, debit, and/or credit |
When due | As incurred or when billed |
To whom payment is to be made | Professional service firms |
Travel, lodging and meals for initial training | |
Amount | $1,000 – $48,000 |
Method of payment | Cash, debit or credit |
When due | As incurred |
To whom payment is to be made | Airlines, hotels, and restaurants |
Pre-opening Staff Training (Payroll Costs) | |
Amount | $25,000 – $120,000 |
Method of payment | As arrangement |
When due | As incurred |
To whom payment is to be made | Employee and personnel |
Additional funds (for first 3 months) | |
Amount | $40,000 – $75,000 |
Method of payment | Varies |
When due | Varies |
To whom payment is to be made | Employees, suppliers, utilities |
Total | |
Amount | $395,800 – $1,755,000 |
Type of expenditure | Amount | Method of payment | When due | To whom payment is to be made |
---|---|---|---|---|
Initial franchise fee | $45,000 – $45,000 | Check or wire transfer | Upon signing the franchise agreement | Us |
Real Estate / Rent (see Note 2) | $4,000 – $50,000 | Check | Upon signing lease | Landlord |
Utilities | $2,000 – $6,000 | Check, debit, and/or credit | Upon ordering service | Utility providers |
Leasehold Improvements | $100,000 – $480,000 | Check | As incurred or when billed | Contractors |
Market Introduction Program | $1,000 – $4,000 | Check, debit, and/or credit | As incurred or when billed | Vendors and suppliers |
Furniture, Fixtures, and Equipment | $100,000 – $600,000 | Check, debit, and/or credit | As incurred | Vendors and suppliers |
Computer Systems | $12,000 – $48,000 | Check, debit, and/or credit | As incurred | Vendors and suppliers |
Insurance | $12,000 – $30,000 | Check | Upon ordering | Insurance company |
Signage | $24,000- $180,000 | Check, debit, and/or credit | Upon ordering | Vendor |
Office Expenses | $800 – $4,000 | Check, debit, and/or credit | As incurred | Vendors |
Inventory | $20,000 – $30,000 | Check, debit, and/or credit | Upon ordering | Vendors |
Licenses and Permits | $4,000 – $20,000 | Check | Upon application | Government |
Professional Fees (lawyer, accountant, etc.) | $5,000 – $15,000 | Check, debit, and/or credit | As incurred or when billed | Professional service firms |
Travel, lodging and meals for initial training | $1,000 – $48,000 | Cash, debit or credit | As incurred | Airlines, hotels, and restaurants |
Pre-opening Staff training (payroll costs) | $25,000 – $120,000 | As arrangement | As incurred | Employees and personnel |
Additional funds (for first 3 months) (see Note 3) | $40,000 – $75,000 | Varies | Varies | Employees, suppliers, utilities |
Total | $395,800 – $1,755,000 |