Set out in this section are the possible start up costs for an Auntie Anne’s Franchise along with personal investment levels required.
Franchise Fee: £16,000
Shop Fit and Design Costs: £40,000 to £60,000 depending on store size and condition
Equipment: £15-20,000 depending on space allowances
Small wares and Utensils: c£3,000 at today’s exchange rate
Property Agents Fees: £3,500-£6,500 depending on rent agreed
Legal Costs: c£2,500
Rent Deposit (if required):1-3 months’ rent (anticipated rentals of £25-65,000 per annum*)
Rent In Advance: 1-3 months’ rent (a rent free period is normally negotiated and therefore rent payable may not actually commence until several months after opening).
TOTALS:£84,000-£140,000** (all items attract VAT)
Personal Investment Level:
Based on the above figures, you will require between £40,000 and £70,000***of available personal investment to become an Auntie Anne’s franchisee.
*In our experience the rent can vary hugely for the same size location within different retail centres and this can only be estimated for your chosen area until a site is found.
**As you can see there is a huge variation in investment depending on site and we can run through with you in more detail over the phone or in person to be more specific as to what we feel the investment in a site of your choosing would be
***The major banks with whom we enjoy dealing with (Natwest/RBS and Lloyds TSB)are lending on a 50/50 criteria to franchised business such as ours. This is how your personal investment figure is calculated.
Investment & Business Plan Advice:
We are affiliated with an independent financial advisor who has worked with many franchisees in many businesses to help raise them finance through the banks, leasing companies and through other methods such as the new government EFG scheme which you may qualify for.
He specialises in preparing and submitting tailor made business plans for which he charges a very reasonable sum and has an extremely good success rate.
As part of our process we will make the introduction here, providing you with everything you need to secure the necessary funding.