INVESTMENT
To ensure that Pigtails & Crewcuts store owners have sufficient funds to market and support a new business in its pre-opening and initial operating stages, we require a net worth of $150,000 for the initial store. Financial assessment for multi-store development agreements will be considered on a case-by-case basis.
FULL SERVICE PIGTAILS & CREWCUTS STORE
Item Description	Estimated Cost	Method of Payment	When Due	To Whom Payment is Made
Initial Franchise Fee	$25,000	Lump Sum	Upon Signing of Franchise Agreement	Us
Real Estate and Construction	$15,000 to $45,000	As Arranged	Prior to Opening	Landlord, Contractors
Rent (3 months)	$7,500 to $18,000	As Incurred	Before opening And ongoing	Landlord
Travel and Living Expenses while Training	$1,250 to $2,500	As Incurred	During Training	Third-party Vendors (e.g., Hotels, Restaurants, Airlines)
Furnishings, Equipment and Decorating	$18,000 to $23,000	As Arranged	Prior to Opening	Suppliers, Contractors, Us
Exterior Signage	$1,500 to $6,000	As Arranged	Prior to Opening	Suppliers, Landlord (possibly), Us
Interior Graphics / Signage	$2,000 to $2,500	As Arranged	Before Opening	Us
Opening Inventory	$5,000 to $10,000	As Arranged	Prior to Opening	Us, Suppliers
Opening Supplies	$3,000 to $3,500	As Arranged	Prior to Opening	Suppliers
Initial Supply of Marketing and Promotional Materials	$500 to $750	Lump Sum	Prior to Opening	Us
Computer Hardware/Software	$4,000 to $4,500	As Arranged	Prior to Opening	Us
Grand Opening Advertising	$3,000 to $4,000	As Arranged	Prior to Opening and Ongoing	Suppliers
Professional Fees	$1,000 to $3,500	As Arranged	Prior to Opening and Ongoing	Your Accountants, Attorneys, Real Estate Broker, Architect
Miscellaneous Opening Costs	$2,000 to $5,000	As Arranged	As Arranged	Suppliers, Utilities, Tradesmen
Additional Funds – 3 months	$5,000 to $15,000	As Arranged	As Arranged	Suppliers, Employees
TOTAL ESTIMATED INITIAL INVESTMENT	$93,750 to $168,250
ONGOING FEES:	Royalty Fee: 5% of gross sales		Advertising Fee: 2% of gross sales