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The information represented in the table below is an example of some of the costs to set-up a new Lenard's store. Description of Payment | Amount (excluding GST) | Franchise Licence Fee | $50,000 | Fitout | $150,000 - $220,000 | Plant and Equipment | $20,000 - $40,000 | Electronic Point of Sale System | $15,000 - $25,000 | Establishment Costs | $20,000 - $30,000 | Training Fee | $6,000 | Consultancy Fee | $0 - $15,000 | Working Capital (includes security deposits, bank guarantee, business registrations, insurance, float, lease costs, franchise agreement preparation costs, etc) | $10,000 - $50,000 | TOTAL | $270,000 - $435,000 | Plus your own legal and accounting costs |
Note: Franchise Owners pay ongoing fees which include: - Franchise Fee which is 4% of Gross Turnover - Marketing Fee which is 3% of Gross Turnover - Lease Occupancy Costs which include base rental, outgoings and promotion levy (these vary from site to site)
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