Estimated Initial Investment

AMOUNT

METHOD OF

PAYMENT

WHEN DUE

TO WHOM

PAYMENT IS TO

BE MADE

Application Fee 

$1,500

Lump Sum

When application is submitted

C.B. Franchise Systems, LLC

Initial Franchise Fee

$15,000

Lump Sum

Upon Signing of Franchise Agreement

CB Franchise Systems, LLC

Area Development Fee

$15,000 per DA plus 10% of the initial franchise fee for all restaurants to be developed

Lump Sum

Upon signing of Area Development Agreement

CB Franchise Systems, LLC

Training Expenses

$2,500

As incurred

As incurred

Suppliers, employees

Acquisition of

property/Lease 

As incurred

Construction and

Remodeling

$45,000- $145,000

As incurred

Prior to Opening

Contractors

Signage 

$2,000 - $18,000

As incurred

Prior to Opening

Suppliers-vendors

Equipment and

furnishings and

fixtures 

$ 85,000 -

$125,000

As incurred

Prior to Opening

Suppliers-vendors

Inventory   

$4,500–

$8,000

As incurred

Prior to opening and as incurred

Suppliers-vendors (Including City Bites, Inc.)

Utility deposits and fees

$1,000 - $4,000

As incurred

Prior to Opening

Utility providers

Business licenses

$500 - $1,500

As incurred

Prior to Opening

Local and State agencies

Wages for

employees

$6,000–

$12,000

As incurred

As incurred

Employees

Insurance   

$1,500

$3,000

As incurred

As incurred

Insurance provider

Uniforms 

$1,000

As incurred

As incurred

City Bites, Inc.

Opening Advertising 

$3,000

As incurred

As incurred

Suppliers

Additional funds (initial months) 

$15,000–$50,000

As incurred

As incurred

Employees, Suppliers

Other 

$3,000–$5,000

As incurred

As incurred

Utilities, Suppliers, Accountants, Advertising, Attorneys, etc

Total 

$186,500 to $394,500(excluding real property)

Royalties -5%           National Marketing -0.5%Local Marketing -0.5%