Back in 2012, when Elissa Glickman first took the role of chief executive for Glendale Arts â the nonprofit that manages the Alex Theatre on behalf of the city of Glendale â the state dissolved the cityâs Redevelopment Agency, and with it, an annual $415,000 for the venue. The following year, a...
The answer to this question is not so simple because every franchise has its own financial requirements, so the costs to start a franchise are different for every franchise company. In most cases, you will be required to pay a franchise fee, all build-out costs for your location (including furniture, fixtures, and equipment), professional fees, contractor fees, signage, and inventory.
Start-up costs and royalty fees can put a serious damper on a franchisee's take-home pay. For example, when opening a McDonald's, the franchisee must not only pay money toward the location, he or she must also pony up a $45,000 franchise fee for the right to operate the business for a period of 20 years.