Updated Item 7 06.19

Type of ExpenditureAmountMethod of PaymentWhen DueTo Whom Payment Is To
Initial Franchise Fee$5,000 to $30,000Cashier's CheckAt signing of Franchise AgreementTCWW
Leasing, Real Property & Site Work Costs(See Note 1)As ArrangedBefore OpeningLessor or Property Owner; Other third Parties
Furniture, Fixtures and Equipment$90,000 to $120,000As ArrangedBefore OpeningApproved Suppliers
Building, Construction and Leasehold Improvements$145,000 to $175,000(See Note 4)(See Note 4)(See Note 4)
Utility Deposits$500 to $1,500As ArrangedBefore OpeningSuppliers and Utilities
Architectural and Engineering Fees$7,000 to $15,000As ArrangedBefore OpeningApproved Suppliers
Initial Inventory$4,000 to $8,000As ArrangedBefore OpeningTCWW, Approved Suppliers
Insurance$2,000 to $4,000As ArrangedBefore Beginning OperationsInsurance Companies
Signs and Awning$6,000 to $18,000As ArrangedBefore OpeningApproved Contractors
Training$15,000 to $25,000As ArrangedBefore OpeningEmployees, Miscellaneous Vendors
Licenses & Permits$1,500 to $4,000As ArrangedBefore Beginning OperationsLicensing Authorities
Legal & Accounting$1,500 to $3,000As ArrangedBefore Beginning OperationsAttorney, Accountant
Office Equipment and Supplies$200 to $500As ArrangedBefore OpeningSuppliers
Computer Equipment (Hardware/Software/POS System)$7,000 to $15,000As ArrangedBefore OpeningApproved Suppliers
Grand Opening Advertising$5,000As ArrangedWithin 3 Months of OpeningMiscellaneous Vendors
Beer and Wine Licenses (optional)$3,000 to $7,000As ArrangedBefore Beginning BusinessLicensing Authorities
Additional Funds - 3 months$10,000 to $25,000As ArrangedAs IncurredTCWW, Employees, Suppliers, Utilities, Insurers, Professionals, Etc.
Total$302,700 to $456,000