While Entrepreneur estimates that your initial investment could range anywhere between $175,500 to $480,250, the official Which Wich Franchising site breaks down what those costs would consist of. Your initial investment includes thousands spent on a potential deposit for a second location, your application and document preparation fees, a fee for site selection if you need assistance, the first month’s rent and security deposit, store design consulting services, computer hardware, and software, initial inventory, professional services, advertising expenses for your opening, and insurance. And while those fees can range from a mere $18,500 to almost $100,000, the largest amount of money is shoveled out for things like leasehold improvements ($35,000 to $200,000) and furniture, signage, and fixings—which can range anywhere from a whopping $87,500 to $125,000.
If that isn’t enough to make your stomach turn, franchisees should also account for an additional $10,000 to $40,000 for the “working capital for the first three months your restaurant is open.” So what does this all add up to be? Well, if you’re looking to spend the least amount possible, you can still end up shoveling out over $181,000 to get your business up and running. And, if you’re rolling in dough (no pun intended) and want to make the location a showstopper, you’re looking at a spend of about $480,250. So basically, you better start saving now!