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| The following chart provides an estimate of your initial investment for oneUgly Mug location based on our experience. All fees and payments are non-refundable, unless otherwise stated or permitted by the payee. |
Description |
Estimated
Cost |
Payment
Method |
When
Due |
Payable
To |
| Initial
Franchise Fee |
$75,000 |
Lump
Sum |
When
you sign the Franchise Agreement |
UMCM |
| Lease
Deposit |
$20,000
– $37,500 |
Lump
Sum |
When
you sign Lease |
Landlord |
| Leasehold
Improvements |
$275,000
– $425,000 |
As
Agreed |
As
Incurred |
UMCM or Supplier |
| Equipment,
Fixtures and Furnishing |
$390,000 - $515,000 |
Lump
Sum |
As
Incurred |
UMCM or Supplier |
| Permits
& Licenses |
$1,000
– $2,000 |
As
Incurred |
As
Incurred |
Governmental
Authorities |
| Liquor License |
$10,000 – $1,500,000 |
As
Incurred |
As
Incurred |
Governmental
Authorities |
| Signs |
$8,000
– $15,000 |
As
Agreed |
As
Incurred |
UMCM or Supplier |
| Prepaid
Insurance Premium |
$17,500-$22,500 |
Lump
Sum |
As
Incurred |
Insurance
Carrier/Broker |
| Initial
Inventory and Miscellaneous Supplies |
$105,000-$155,000 |
Cash
on Delivery |
As
Incurred |
UMCM or Supplier |
| Grand
Opening Advertising |
$10,000 |
Lump
Sum |
14
days before to 30 days after Opening |
UMCM or Supplier |
| Training |
$2,000-$5,000 |
As
Incurred |
As
Incurred |
Suppliers |
| Utility
Costs and Deposits |
$1,000-$2,000 |
As
Agreed |
As
Agreed |
Utility
and Telephone Companies |
| Additional
Funds - 3 months |
$40,000-$80,000 |
As
Incurred |
As
Incurred |
Your
Employees, Suppliers and Creditors |
| Total |
$954,500 - $2,844,000 |
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