Start-Up Costs
Start-up Cost
Generally, to be considered for a Pita Pit franchise and qualify for traditional financing, you will need $50,000–$60,000 in unencumbered capital to invest. We have partnerships with major Canadian banks and we work with you to prepare your application for financing (business plan, financial projections, etc).
COST DETAILS
Initial franchise fee: $15,000–$25,000.(depending on your city/region)
Capital requirements: You’ll need $50,000 to $60,000 of cash liquidity to effectively handle the start-up costs. You’ll be well positioned to borrow the rest.
HERE’S HOW THE COSTS BREAK DOWN
| Low ($) | High ($) | |
|---|---|---|
| Franchise fee* | 15,000 | 25,000 |
| Rent and deposit | 2,500 | 7,500 |
| Opening cash | 500 | 1,000 |
| Lease hold improvements | 74,800 | 116,500 |
| Business license | 200 | 2,500 |
| Insurance | 1,700 | 2,000 |
| Legal and accounting fees | 500 | 2,500 |
| Furniture and equipment | 62,235 | 76,250 |
| Initial printing | 1,500 | 2,000 |
| Opening advertising | 1,500 | 2,500 |
| Training expenses | 1,000 | 2,000 |
| Uniforms | 450 | 900 |
| Opening inventory | 2,500 | 5,000 |
| TOTAL START-UP COSTS: | $165,385 | $245,650 |
*Franchise fee pays for franchisee recruitment and selection; assistance in site selection and assumption of the lease; an exclusive territory; legal documentation (Franchise Agreement); construction agent experience (streamlines building permit process, conforms to our standards); training (one week in Kingston, four days on premises after opening).
NOTE: The capital investment required to set up a Pita Pit varies by location, landlord design criteria and contractor pricing in each area. Leaseholder improvements may vary considerably, depending on the previous state of the premises. Because of this, there is no guarantee that your costs will fall within the range shown. This is meant solely as a guideline. Details of your initial costs can be found in your Franchisee Disclosure Document (Canada).