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The costs for building a FW store can vary depending on the condition of the space that is acquired for your store location.
The following will help you understand the cost breakdown for building a store. A complete evaluation of costs will be
determined upon site review. |
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| ESTIMATED START-UP COSTS |
DESCRIPTION OF CAPITAL COSTS |
| Typical 1000 sq. ft. Dual Mode Retail / Delivery Unit |
| DESCRIPTION OF NON-CAPITAL COSTS |
| Initial Franchise Fee |
$35,000 |
| Lease and Real Estate Processing Cost |
$4,700 |
| Grand Opening Advertising |
$5,000 |
| Pre-Opening Wages and Benefits |
$2,800 |
Typical Lease Security Deposit
(based on two months rent) |
$6,000 |
| Estimated Non-Capital Costs |
$53,500 |
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| Typical Store Construction & Leaseholds (re: typical leasehold improvement schedule) |
$98,000 |
| Site Survey, Design, Permits, Blueprints |
$9,800 |
| Typical Standard Equipment Package (re: typical Equipment package schedule) |
$137,500 |
| Kitchen Utensils and Supplies |
$7,500 |
| Typical Flying Wedge Pizza Standard Sign Package |
$2,000 |
| Point of Sales System, CPU & Back up |
$12,800 |
| Fax/ Phone, Electrical, Lighting Equipment, Data Communications |
$15,200 |
Security Safe, Fire Extinguisher, Décor
& Office Equipment |
$3,500 |
| ESTIMATED CAPITAL COSTS |
$286,300 |
| ESTIMATED TOTAL INVESTMENT |
$339,800 |
Less Typical Tenant Improvement Allowance
Credit from Landlord (if available) |
$-8,500 |
| Less Equipment Rebate |
$-2,500 |
| SUBTOTAL CASH INVESTMENT |
$328,800 |
| Allowance for PST |
$10,500 |
| TOTAL CASH REQUIRED |
$339,300 |
| Estimated Cash Investment Net of GST |
$339,300 |
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These figures are only estimates of the investment in setting up a typical Flying Wedge Pizza unit. Actual costs may vary depending on factors such as physical size, current condition of the premises, cost of materials and labor. The above estimates do not include extensive exterior renovations. These costs may vary in each province, municipality or city, depending on each jurisdiction’s building codes an bylaw requirements. Tenant improvement allowance credit amount is only an estimate, and may vary depending on the size of your store or may not be applicable. Landlords may provide tenant allowance for your store in lieu of completing the Landlords work associated with the base building. Some Landlords may provide free rent in lieu of both tenant allowance and/or completing the Landlord’s work associated with the base building. Some Landlords may deliver your store on an “As is” condition and require you to perform all improvements to your premises including the Landlord’s work. A Equipment Rebate may be available from the approved Food Equipment Supplier only if
the recommended contractors are used and only if all construction & equipment invoices are paid in full and on time when due. Provincial sales taxes apply to all equipment. All of the above figures are subject to revisions and the Federal Goods and Services Tax. |
The current royalty paid by franchisees to the franchisor is 6% of gross sales.
The current combined advertising, promotions, research and development rate paid by the franchisees is 4.5% of gross sales. |
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Currently we are aggressively entering new markets and are
seeking qualified franchisees for the following areas:
Chilliwack • Abbotsford/Mission • West Vancouver
Langley • North & South Burnaby • Whistler
Maple Ridge • Victoria
The Corporate mandate for 2007-2008 is to fulfill 25 Units in the BC Model. Opportunities exist for future expansion into other major markets/territories through: |
It is apparent, from customer reaction to our pizza, Flying
Wedge has much more to offer than just great Pizza to
Vancouverites.
Hollywood actors Harrison Ford and Jennifer
Garner are considered Flying Wedge fans too! With daily
requests for business opportunities coming in from around
the world, franchising has become a great opportunity to
build an even stronger pizza brand, grow the business more
efficiently, and extend our reach beyond Vancouver to all of
North America.
Flying Wedge is confident it’s future expansion into this realm of business development will generate a terrific opportunity for everyone involved. |
• Multi-Unit Operators
• Sub Franchisors
• Area Developers |
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If you desire to be a part of the Wedge 401 (Company Philosophy) like the oven’s on fire – Flying Wedge offers an
opportunity to build equity in a real business and achieve financial stability. We offer franchisees a package that takes you
from A-Z, with complete comprehensive training and on-going support to help keep you on the wedge track.
Stores range in cost from 295K-345K- candidates must have a minimum of 95K-130K in unencumbered cash to invest. |
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To set an appointment to discuss further information regarding franchising opportunities:
FLYING WEDGE PIZZA
www.flyingwedge.com
1005-1166 Alberni Street
Vancouver, BC
Contact: Yvette Pepper
e-mail: franchise@flyingwedge.com
tel. 1-888-681-1288 fax 1-888-810-1288 |
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