Estimated Initial Investment
The values also range based on the geographic location of your studio. Not all these items require cash upfront (i.e., inventory is ordered and an account is established with our vendors). There are several ways to framework your investment, suggestions, and recommendations can be found by clicking the buttons above.
| Item | Low | High |
|
Reservation & Franchise Fee |
$29,995 | $29,995 |
|
Rent & Deposit |
$3,000 | $7,000 |
|
Tenant Improvements |
$2,000 | $12,000 |
|
Blueprints, Plans & Specifications |
$3,000 | $5,000 |
|
Furniture, Equipment, Fixtures |
$5,000 | $10,000 |
|
Cabinets |
$1,500 | $1,500 |
| Exterior Sign | $1,000 | $7,000 |
|
POS/Computer System |
$1,500 | $2,000 |
|
Initial Inventory |
$12,000 | $18,000 |
|
Grand Opening Marketing, Posters, Seasonal Window Displays |
$3,000 | $5,000 |
|
Professional Fees |
$1,000 | $5,000 |
|
Travel & Living Expenses While Training |
$1,000 | $2,000 |
|
Insurance |
$500 | $2,000 |
|
Permits/Licenses |
$500 | $5,000 |
|
Electrical/Phone Deposits |
$300 | $2,400 |
|
Additional Funds (working capital) |
$10,000 | $25,000 |
|
TOTAL |
$75,295 | $138,895 |
FRANCHISE FEE:
The franchise fee is a one-time payment of $29,995 made at the time you sign the franchise agreement. There are no additional charges for your training and for our assistance in opening your studio, other than out-of-pocket travel and lodging expenses.
ONGOING FEES AND PAYMENTS:
The on-going royalty rate is 5% of sales. There is also a contribution to the marketing materials development fund of 1% of sales. Busy Bees® Pottery & Arts Studio requires that you allocate 2% of your sales to your own local marketing and advertising.