Item 7. Initial Investment
As a candidate, you should have a minimum of $90,000 in liquid capital and a net worth of at least $350,000 to get started. The total cost to open a new ITR Center can range from $236,800 to $361,200.
Type of Expenditure2
Initial License Fee3, 4 (including credit of Initial Deposit received under Deposit Agreement)
Business Coach Training3
Grand Opening Advertising Expenses3
ITR Security Deposit3
Travel Expenses for Training Program4
Real Estate & Utility Deposits5
Leasehold Improvements6
Signs7(included in Center Opening Package, See Item 5)
Shop Equipment, Supplies, Lifts & Installation (included in Center Opening Package, See Item 5), plus freight & taxes8
POS System β Acquisition9
POS System β 3 months Access/Support9
Computers and Phone System β Hardware10
Office Furniture11
Sales Materials11
Miscellaneous Costs & Professional Fees 12(Legal and Accounting Advice, Personnel recruitment, etc.)
Insurance
Advertising Costs13(13 weeks)
Additional Funds14
Amount3
$39,500
$10,000
$500
$5,000
$2,000 β $4,000
$14,000 β $43,000
$9,700 β $16,700
$7,500 β $33,000
$78,400 β $98,000
$2,500
$500
$6,500 β $10,000
$5,500 β $7,000
$500 β $1,000
$4,000 β $10,000
$1,500 β $2,500
$4,700 β $13,500
$40,000 β $90,000
Method of Payment
Installments
Lump Sum
Lump Sum
As incurred
As incurred
As arranged
As arranged
As arranged
Lump Sum
Installments
Installments
As incurred
Lump Sum
As incurred
As incurred
As agreed
As incurred
As incurred
When Due
Upon Signing Franchise Agreement
Upon Signing Franchise Agreement
Upon Signing Franchise Agreement
Upon Signing Franchise Agreement
Before opening
Before opening
As arranged
Before opening
As arranged
Before opening
Monthly
As arranged
As arranged
Before opening
As arranged
Before opening
Periodically (weekly or monthly) and as arranged
As arranged
To Whom Payment is to be Made
ITR
ITR
ITR
ITR
Third Parties
Landlord, Utility Companies, other Third Parties
Landlord, other third parties
ITR
ITR and third parties (see Item 5)
ITR
ITR or Supplier we designate (see Item 6)
Suppliers you choose (may include ITR)
Suppliers you choose (may include ITR)
ITR
Third Parties
Third Parties
ITR, Ad Pool, regional monthly internet search program (or national program if applicable), and Yellow Page agency
Suppliers and other Third Parties
Type of Expenditure2
$39,500
$39,500
Method of Payment
Installments
$39,500 When Due
Upon Signing Franchise Agreement
To Whom Payment is to be Made
ITR
Amount3
$10,000
Method of Payment
Lump Sum
When Due
Upon Signing Franchise Agreement
To Whom Payment is to be Made
ITR
Amount
$5,000
Method of PaymenT
Lump Sum
When Due
Upon Signing Franchise Agreement
To Whom Payment is to be Made
ITR
Amount3
$5,000
Method of Payment
Lump Sum
When Due
Upon Signing Franchise Agreement
To Whom Payment is to be Made
ITR
Amount
$5,000-$4,000
Method of Payment
Incurred
When Due
Before Opening
To Whom Payment is to be Made
ITR
Amount3
$14,000 - $43,000
Method of Payment
As Incurred
When Due
Before Opening
To Whom Payment is to be Made
Landlord, Utility Companies, other Third Parties
Amount3
$9,700 - $16,700
Method of Payment
As Arranged
When Due
As Arranged
To Whom Payment is to be Made
Landlord, Utility Companies, other Third Parties
Amount3
$7,500 - $33,000
Method of Payment
As Arranged
When Due
Before Opening
To Whom Payment is to be Made
ITR
Amount3
$78,400 - $98,000
Method of Payment
As Arranged
When Due
As Arranged
To Whom Payment is to be Made
ITR and third parties (see Item 5)
Amount3
$2,000
Method of Payment
Lump Sum
When Due
Before Opening
To Whom Payment is to be Made
ITR
Amount3
$500
Method of Payment
Installments
When Due
Monthly
To Whom Payment is to be Made
ITR or Supplier we designate (see Item 6)
Amount3
$6,500 β $10,000
Method of Payment
As incurred
When Due
As arranged
To Whom Payment is to be Made
Suppliers you choose (may include ITR)
Amount3
$5,500 β $7,000
Method of Payment
As incurred
When Due
As arranged
To Whom Payment is to be Made
Suppliers you choose (may include ITR)
Amount3
$500 β $1,000
Method of Payment
Lump Sum
When Due
Before opening
To Whom Payment is to be Made
ITR
Amount3
$4,000 β $10,000
Method of Payment
As incurred
When Due
As arranged
To Whom Payment is to be Made
Third Parties
Amount3
$1,500 β $2,500
Method of Payment
As incurred
When Due
Before opening
To Whom Payment is to be Made
Third Parties
Amount3
$4,700 β $13,500
Method of Payment
As agreed
When Due
Periodically (weekly or monthly) and as arranged
To Whom Payment is to be Made
ITR, Ad Pool, regional monthly internet search program (or national program if applicable), and Yellow Page agency
Amount3
$40,000 - $60,000
Method of Payment
As Incurred
When Due
As Arranged
To Whom Payment is to be Made
Suppliers and other Third Parties
Total Estimated Initial Investment 14, 15
$236,800 β $361,200
Total Estimated Initial Investment 14, 15
$236,800 β $500,000
Ready to Franchise
with ITR ?
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