Updated Item 7 06.19

Type of Expenditure Amount Method of Payment When Due To Whom Payment Is To
Initial Franchise Fee $5,000 to $30,000 Cashier's Check At signing of Franchise Agreement TCWW
Leasing, Real Property & Site Work Costs (See Note 1) As Arranged Before Opening Lessor or Property Owner; Other third Parties
Furniture, Fixtures and Equipment $90,000 to $120,000 As Arranged Before Opening Approved Suppliers
Building, Construction and Leasehold Improvements $145,000 to $175,000 (See Note 4) (See Note 4) (See Note 4)
Utility Deposits $500 to $1,500 As Arranged Before Opening Suppliers and Utilities
Architectural and Engineering Fees $7,000 to $15,000 As Arranged Before Opening Approved Suppliers
Initial Inventory $4,000 to $8,000 As Arranged Before Opening TCWW, Approved Suppliers
Insurance $2,000 to $4,000 As Arranged Before Beginning Operations Insurance Companies
Signs and Awning $6,000 to $18,000 As Arranged Before Opening Approved Contractors
Training $15,000 to $25,000 As Arranged Before Opening Employees, Miscellaneous Vendors
Licenses & Permits $1,500 to $4,000 As Arranged Before Beginning Operations Licensing Authorities
Legal & Accounting $1,500 to $3,000 As Arranged Before Beginning Operations Attorney, Accountant
Office Equipment and Supplies $200 to $500 As Arranged Before Opening Suppliers
Computer Equipment (Hardware/Software/POS System) $7,000 to $15,000 As Arranged Before Opening Approved Suppliers
Grand Opening Advertising $5,000 As Arranged Within 3 Months of Opening Miscellaneous Vendors
Beer and Wine Licenses (optional) $3,000 to $7,000 As Arranged Before Beginning Business Licensing Authorities
Additional Funds - 3 months $10,000 to $25,000 As Arranged As Incurred TCWW, Employees, Suppliers, Utilities, Insurers, Professionals, Etc.
Total $302,700 to $456,000