To qualify for the Warrior Martial Arts Academy franchise opportunity, prospective franchisees must have a minimum of $50,000 per Academy in cash/cash equivalents and a net worth of $250,000 or more.
You Estimate Initial Investment
As laid forth in Item 7 of Warrior Martial Arts Academy 2017 Franchise Disclosure Document (FDD)
Type of Expenditure | Low Estimate | High Estimate | Method of Payment | When Due | To Whom Payment is Made |
---|---|---|---|---|---|
Franchise Fee | $30,000 | $30,000 | Lumpsum | On signing Franchise Agreement | Us |
Rent/Security Deposit | $8,000 | $15,417 | As arranged | Monthly | Landlord |
Licenses & Permits | $500 | $750 | As arranged | As incurred | Governemtn Agencies |
Professional Fees | $5,000 | $7,500 | As arranged | As incurred | Attorney, Architect |
Insurance | $250 | $300 | As arranged | Monthly | Insurers |
Leasehold Improvements | $55,000 | $75,000 | As arranged | As incurred | Contractors |
Signage & Branding | $7,500 | $9,500 | As arranged | As incurred | Suppliers |
Computer & Software | $1,000 | $1,500 | As arranged | As incurred | Suppliers |
Telecom | $500 | $800 | As arranged | As incurred | Suppliers |
Loss Prevention | $1,000 | $1,500 | As arranged | As incurred | Suppliers |
Initial Advertising | $1,500 | $3,000 | As arranged | As incurred | Suppliers |
Utility Deposits | $500 | $1,000 | As arranged | As incurred | Utility Companies, Landlord |
Supplies, Furniture, Fixtures, Uniforms, Equip | $12,500 | $18,500 | As arranged | As incurred | Suppliers, Us |
Retail Inventory | $1,000 | $1,000 | As arranged | As incurred | Suppliers, Us |
Training | $500 | $1,000 | As arranged | As incurred | Lodging, Food, Transportation |
Initial Marketing | $4,000 | $5,000 | As arranged | As incurred | Suppliers |
Additional Funds for First 3 Months | $20,000 | $30,000 | As arranged | As incurred | Payroll, Suppliers, Professionals, etc. |
TOTAL: | $147,250 | $198,767 |