What Are My Start-up Costs?
A Young Chefs Academy franchise is an affordable and scalable business opportunity
Opening a Young Chefs Academy franchise is easy, and there are many options that can control your start-up costs. Size and location, for example! Our team will work with you to find the best real estate in your community. Some owners start with more than two kitchens at a location, or with more than one location, both of which create a faster path to profitability. Here is a breakdown of our start-up costs:
| Type of Expenditure | Amount | Method of Payment | When Due | To Whom Payment is to Be Made |
|---|---|---|---|---|
| Initial Franchise Fee | $39,900 | Lump Sum | When you sign Franchise Agreement | Us |
| Grand Opening Inventory | $2,500 - $3,500 | As Arranged | As Incurred | 3rd parties |
| Travel and living expenses for initial training | $2,000 - $4,000 | As Arranged | As Incurred | 3rd parties |
| Lease | $0 - $12,500 | As Arranged | As Incurred | 3rd parties |
| Real Estate and Improvements | $25,000 - $50,000 | As Arranged | As Incurred | 3rd parties |
| Cabinets, furniture, fixtures, equipment and signs | $25,000 - $45,000 | As Arranged | As Arranged | 3rd parties |
| Office Equipment | $2,400 - $3,000 | As Arranged | As Arranged | 3rd parties |
| Supplies | $500 - $1,000 | As Arranged | As Incurred | 3rd parties or our affiliates |
| Grand Opening, Marketing and Advertising | $2,000 - $3,000 | As Arranged | As Incurred | 3rd parties |
| Deposits, business licenses, permits, etc | $1,000 - $2,500 | As Arranged | As Incurred | 3rd parties |
| Insurance (for 1 year) | $1,000 - $2,500 | As Arranged | As Arranged | 3rd parties |
| Professional Fees | $1,000 - $3,000 | As Arranged | As Arranged | 3rd parties |
| Additional Funds (for 1st 3 months) | $18,000 - $27,000 | As Arranged | As Incurred | 3rd parties |
| TOTAL | $120,300 - $196,900 |
Other requirements include:
- Living in the territory you wish to own
- Being able to execute a franchise agreement within three months from the initial request for consideration to begin the qualification process.
Notice of available disclosure formats:
If you qualify as a franchisee prospect, we will furnish you with our Franchise Disclosure Document (FDD) in paper form unless you request an electronic copy by sending an email request to us. We will provide the paper form of our FDD to you in person if you visit our offices, or we will mail or courier the document to you at our cost.
We will provide the electronic form of our FDD to you in PDF format via email to the address you provide us. You will need to have Adobe Reader software installed on your computer to open and view the PDF document, and a printer to print at least one receipt page.
You need to sign and date the receipt page and return the original to us via USPS or another delivery service, such as UPS or FedEx.
