Investment

Your Estimated Initial Investment

Type of Expenditure

Method of Payment

Paid To

When Due

Amount From

Amount To

Initial Franchise Fee

Lump sum

When you want to be considered for a franchise and upon signing a Deposit Agreement

$
‍

24000

$
‍

30000

Initial Rent & Security Deposit

Lump sum

Lessor, Sub-Lessor as they designate

Upon signing Lease or Sublease

$
‍

2400

$
‍

10000

Opening Cash

As incurred

Vendors

As incurred

$
‍

500

$
‍

1000

Leasehold Improvements

As incurred

Contractor,

Upon signing Lease or Sublease, or as arranged

$
‍

79489

$
‍

225299

Business License

As incurred

State, Municipal agencies

When required

$
‍

200

$
‍

1000

Insurance

Varies

Broker, Insurance co.

These are estimated annual premiums. Payment is made as arranged and required

$
‍

1500

$
‍

4500

Store Launch And Local Marketing Program Package

Lump sum

Approved suppliers

As arranged

$
‍

2500

$
‍

3000

Legal & Acctg Fees

As incurred

Lawyers

As arranged

$
‍

500

$
‍

2500

Initial Furn., Fix., Equip. Pkg

As incurred

Vendor, Lender,

As arranged

$
‍

71560

$
‍

110737

Staff And Management Training Expense

Upon attendance

Accommodation providers, Restaurants, Airlines, etc.

As arranged

$
‍

1000

$
‍

3200

Uniforms & New Store Kit

As incurred

Vendor

As arranged

$
‍

1200

$
‍

1900

Initial Inventory Package

As incurred

Vendor, Lender,

As arranged

$
‍

5000

$
‍

8000

Coca-Cola Freestyle Program Fee

Ongoing monthly fee

The Coca-Cola Company

Each month

$
‍

242

Additional Funds (For 3 Months)

As required

Suppliers, Lessor, Employees, etc.

1st day of the month following the opening of the restaurant or as needed

$
‍

25650

$
‍

31500

Local Advertising

As incurred

Vendors

As arranged

$
‍

Laptop Computer

As incurred

Vendor

As arranged

$
‍

450

$
‍

1500

Online Ordering & Loyalty Program

As incurred

Vendors

As arranged

$
‍

405

$
‍

725

Totals

$216,354

$435,102.50

Though not required, you have an option to sell our smoothie line of products. If you choose to exercise this option, you will have additional initial investment costs which are not included in the table directly above. We estimate these costs as follows:

Optional Smoothie Package

Type of Expenditure

Amount From

Amount To

Leasehold Improvements

$300

$600

Initial Term; fix; equipment package

$5,900

$8,940

Opening Advertisement

$200

$500

Initial Inventory Package

$300

$500

Additional Funds

$150

$500

Totals

$6,850

$10,840

Multi-Unit Development Zone Program

Type of Expenditure

Method of Payment

Paid to

When Due

Amount From

Amount To

Development Agreement Development Fee

Lump sum

When you want to be considered for a Multi-Unit Development Zone Agreement and upon signing a Deposit Agreement

$66,000

$98,000

Totals

$66,000

$98,000

Pita Pit does not loan to franchisees, however, we may be able to help you in the financing process with your bank. To be considered for a Pita Pit franchise you will most likely need a net worth of approximately $100,000, of which $75,000 will most likely need to be in the form of a liquid investment or holding account. SBA applicants will probably need to inject 20% to 30% cash into their loan to promote immediate cash flow, and reduce monthly expenses. While this may be the bank’s typical minimum threshold, they may make exceptions to this requirement under special circumstances, or for those individuals who are close to the minimum requirements. Pita Pit is listed on the SBA Registry and has a Bank Credit Report (BCR). Our Franchise Development Team can discuss various options for financing, as well as help your local banker better understand Pita Pit franchising.