The following budget items are good-faith estimates of the costs involved in starting a Cabinet Cures ®franchise. These figures have been summarized from the Cabinet Cures® Franchise Disclosure Document and are qualified in their entirety by that document. Actual costs may vary greatly, depending on the location of your business, the condition of your facility, and the experience of your management team. You may also incur start-up costs not listed below. For more information, consult the Franchise Disclosure Document, available by requesting our Cabinet Cures Information Packet.
Ongoing royalties:
Cabinet Cures® charges a 7% royalty on gross sales (subject to certain minimum payments) after the fifth month of operations. For a complete list of required fees and contributions, consult the Franchise Disclosure Document.
Franchise Fee
Fee is based on a single geographic area of 200,000 households. |
$35,000
|
Start-up Package
Package includes trade show backdrop and trade show signage, spinning display, spray booth, and Cabinet Cures® Stain System, Stripping System and Spray System, as well as marketing, advertising, collateral print materials, and corporate apparel. |
$45,000 |
Office Lease
We recommend leasing space of 1,500-2,000 square feet. Estimate based on the first three
months
of a lease of commercial/industrial space at $0.55/sf/mo. plus a security deposit equal
to two
months’ rent. |
$4,250-$5,500 |
Payroll & Operating Expenses
We recommend that you have a minimum amount of money available to cover operating expenses, including necessary licenses and permits, utilities, and employees’ salaries (if applicable), for the first three months.
|
$5,000-$10,000 |
Initial Inventory
You will need to purchase an initial inventory of refinishing and
re-facing products from approved suppliers. |
$2,000-$4,000 |
Insurance
Required coverage includes, but is not necessarily limited to: property, workers’ compensation, employer liability, comprehensive general liability, business interruption, automobile liability, and contractual indemnity. |
$500-$800 |
Training
The cost of initial training is included in the franchise fee, but you are responsible for transportation and expenses for meals and lodging while attending training. The total cost will vary depending on the number of people attending, how far you travel, and the type of accommodations you choose. |
$3,000-$7,500 |
Vehicle Expenses
You will need to purchase or lease a vehicle to accommodate the required equipment, if you don’t already own one. |
$400-$4,000 |
| Office Furniture, Supplies & Miscellaneous Shop Equipment |
$3,500-$5,000 |
| Signage |
$800-$3,000 |
| Legal & Accounting |
$1,500-$2,000 |
| Marketing & Advertising |
$10,000-$20,000 |
| Miscellaneous & Contingency |
$2,000-$5,000 |
| Total Estimated Start-Up Costs |
$112,950-$146,800 |
Start building
your new
career
today!
Call . . .
888-370-CURE
|
For more information, consult the Franchise Disclosure Document, available by filling out our Prospective Franchisee Questionnaire.
|