Grasons Estate Sales Franchise Costs: Estimated Initial Investment (Item 7, 2022 FDD)

1. Initial Franchise Fee: $30,000 to $40,000

The initial franchise fee is $40,000 for the first Franchise, and $30,000 for the second and greater Franchise.

Amounts paid to Grasons or its affiliates are not refundable, except as specifically described in Item 5. Amounts paid to a third party may be refundable depending on contracts, if any, between you and the third party.

2. Computer Systems: $450 to $5,900

You will need a laptop or tablet computer and software, including POS software, that Grasons specifies.

The low-end estimate assumes you already own a laptop or tablet that you use for the business. The high-end estimate assumes you do not have your own computer, and you purchase a new approved register stand, drawer, and tablet for your POS system.

3. Insurance: $500 to $3,000

4. Vehicle: $0 to $3,000

You must have a vehicle to be used for the operation of your Franchise. Grasons does not require any particular type of vehicle. It must be in good condition, clean, dent-free, and otherwise presenting a professional appearance.

The low end assumes you will use your current vehicle in the operation of the franchised business. The high end assumes you purchase a vehicle for use in the franchised business.

5. Office Expenses/Supplies: $950 to $1,200

6. Licenses and Permits: $500 to $1,500

7. Dues and Subscriptions: $1,000 to $3,000

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8. Professional Fees (lawyer, accountant, etc.): $0 to $7,500

9. Travel, Lodging, and Meals for Initial Training: $1,500 to $2,000

10. Additional Funds (for First 3 Months): $4,000 to $12,000

11. Total Estimated Initial Investment: $38,900 to $79,100

This includes any other required expenses you will incur before operations begin and during the initial period of operations, such as payroll, additional inventory, folding tables, tablecloths, pop-up tent, sales tags, blue tape, rent, and other operating expenses in excess of income generated by the business.

In formulating the amount required for additional funds, Grasons relied on the following factors, basis, and experience: the experience of its franchisees and its general knowledge of the industry.