Detailed Estimates of UFood Grill Franchise Costs Based on Item 7 (Estimated Initial Investment) of UFood Grill’s 2016 Franchise Disclosure Document
1. Initial Franchise Fee: $35,000
2. Project Management Fee: $0 to $7,500
- The franchisor reserves the right to designate and retain a third-party project management company, to prepare project management plans for the UFood Grill Outlet, and to oversee planning, development, and construction of the location on your behalf to meet UFood Grill’s standards.
- Upon the signing of the Franchise Agreement, you must pay to the franchisor a Project Management Fee of $7,500 to cover the costs of those services. The Project Management Fee is uniform for all franchisees.
- The Project Management Fee does not cover the cost of any design and construction services.
3. Real Estate/Rent – 3 Months: $10,000 to $30,000
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- The franchisor expects that nearly all UFood Grill Outlet locations will be leased rather than purchased. However, if you purchase the site for the Outlet, the initial investment will be significantly higher.
4. Security Deposit: $5,000 to $10,000
5. Leasehold Improvements: $180,000 to $250,000
- Leasehold improvement costs include floor covering, wall treatment, counters, ceilings, painting, window coverings, electrical, carpentry, and similar work, and architect’s and contractor’s fees.
- The interior and exterior of the UFood Grill Outlet must be built to conform to the franchisor’s store design specifications.
6. Furniture, Fixtures, and Equipment: $105,000 to $135,000
- This includes refrigerators and freezers, stoves and ovens, catering supplies, and other kitchen equipment; front of house and back of house furniture; and lighting.
- The low end of this range assumes you purchase some used equipment, the higher end is for new equipment.
- These estimates are of the cost of buying these items. Your initial investment may be lower if you lease these items.
7. Signage (interior and exterior): $5,000 to $15,000
8. Professional Fees: $15,000 to $20,000
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When I owned a UPS Store, I learned firsthand how much your ZIP code shapes your outcome. I sold my store at a premium because my territory was in a high-value area. The best areas go first, and once they're gone, they're gone. Enter your ZIP code, and a territory specialist will walk you through the franchises still available near you, drawing on information that isn't publicly accessible, saving you months of wasted research.🔴Free Webinar: 6 Under-the-Radar Franchise Concepts That Serious Buyers Should Know
Every month we feature 6 standout franchises that could be the opportunity you've been looking for, each evaluated on disclosed financials and matched to the type of buyer most likely to succeed with it. Can't attend live on October 27 at 6PM EST? Register now and we'll send you the full recording the next day. Reserve your spot here.9. POS Computer System, and Other Office Equipment and Supplies: $19,000 to $25,000
- This range covers the cost of the Computer System, other office equipment (e.g. copy machine and fax machine), and office supplies.
- These estimates are of the cost of buying these items. Your initial investment may be lower if you lease these items.
10. Smallwares: $7,500 to $8,000
11. Opening Inventory and Supplies: $7,500 to $10,000
12. Grand Opening Marketing Fee: $10,000
- The Grand Opening Marketing Fee applies only to the Franchise Agreement. This amount covers the development and implementation of a Grand Opening Marketing program on your behalf. The franchisor will provide details on how the funds were expended.
13. Training Expenses (out-of-pocket costs for training in Boston and pre-opening training at location): $5,000 to $10,000
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When I owned a UPS Store, I learned firsthand how much your ZIP code shapes your outcome. I sold my store at a premium because my territory was in a high-value area. The best areas go first, and once they're gone, they're gone. Enter your ZIP code, and a territory specialist will walk you through the franchises still available near you, drawing on information that isn't publicly accessible, saving you months of wasted research.📈Dreaming of Multi‑Unit Success? Lock In Prime Territories Before They're Gone.
Colin started as a team member at 21 and now owns 6 locations in Tampa Bay. Lisa came from marketing and built 21 in San Diego. The most successful multi-unit owners move early and secure markets with room to grow. Use our free tool to search multiple ZIP codes and find franchises where you can still stack locations, before someone else does. A franchise specialist will be in touch to present what's available.14. Working Capital – 3 Months: $20,000 to $40,000
- This item estimates your initial startup expenses (other than the items identified separately in the table) based on the franchisor’s and its affiliate’s experience since 2004 in franchising and operating UFood Grill Outlets.
- These expenses include payroll costs but not any draw or salary for you.
15. Total Estimated Initial Investment: $424,000 to $605,500
- The franchisor relied on its experience since 2013, that of its predecessors since February 2004, and the combined experience of its officers and directors to compile these estimates.
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