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Painting with a Twist startup costs
How much can you expect to pay to open your own Painting with a Twist studio? Our Item 7 lays it all out for you.
One of the biggest advantages of joining a franchise system like Painting with a Twist is that we’ve already worked out so many of the details that can overwhelm new business owners. We have preferred vendors for supplies, and we already know the best square footage and ideal locations that have proven successful in the past with our studios, so we help guide you through the site selection process.
The typical initial investment to start a Painting with a Twist studio ranges from $119,000 to $255,500, as provided in Item 7 of our most recent Franchise Disclosure Document (FDD), which details Painting with a Twist startup costs. The startup costs range is broad because expenses can vary greatly depending on where your market is, what local real estate costs are and the permitting and licensing regulations in your town.
In order to qualify as a Painting with a Twist candidate, you must have liquid assets of $80,000 and a net worth of at least $200,000. Details of your Painting with a Twist startup costs are broken out below:
Startup costs
| Type | Low | High |
|---|---|---|
| Initial Fee | $25,000 | $25,000 |
| Real Estate Lease for Premises - 2 months and Dep | $4,500 | $17,000 |
| Grand Opening Advertising | $3,500 | $3,500 |
| Training Expenses | - | - |
| Travel & Living Expenses while Training | $3,000 | $6,000 |
| Insurance | $1,500 | $3,500 |
| Furniture, Fixtures, Equipment | $12,000 | $25,000 |
| Other Prepaid Expenses, such as Deposits, Licenses and Various Permits | $1,000 | $3,500 |
| Opening Inventory | $3,000 | $5,000 |
| Signage | $4,000 | $8,000 |
| Leaseholder Improvements | $30,000 | $90,000 |
| Architectural Fees | $2,000 | $5,000 |
| Computer Hardware & Software | $2,000 | $4,000 |
| Legal, Accounting & Organizational Costs | $2,000 | $8,000 |
| Additional Funds | $25,000 | $40,000 |
| Design Fee | $1,000 | $1,500 |
| Liquor License | $1,000 | $15,000 |
| TOTAL | $120,500 | $260,000 |
For all notes related to our item 7, please complete the form below to receive a copy of our Business Model eBook where all item 7 details can be found as displayed in our Franchise Disclosure Document (FDD)