Dual Investor Guide 2025
PG 10
Investment
Initial Franchise Fee
Opening Promotion Fee
Signage
Lease Deposit
Permits, Drawings and Deposits
Leasehold Improvements & Fixtures
Furniture, Equipment & Smallwares
Opening Inventory
Business Licences & Permits
Training & Pre-Opening
Third Party Contracts
Expenses During Training
Professional Fees (Legal & Accounting)
Total Estimated Cost*
Fees
Monthly Royalty Fee From Sales
Advertising Fee
$45,000 to $45,000
$5,000 to $5,000
$12,000 to $21,000
$10,000 to $15,000
$11,500 to $25,000
$190,000 to $275,000
$140,000 to $200,000
$10,000 to $15,000
$250 to $2,500
$10,000 to $10,000
$300 to $400
$3,000 to $5,000
$5,000 to $10,000
$442,050 to $628,900
5%
3%
*Unless expressly stated to the contrary, none of the costs comprising the Estimate are refundable. The Estimate has been prepared on the
basis of the square footage noted. Changes in the size of the Location will impact development costs. The estimated cost of leasehold im-
provements and fixtures assumes a leasehold improvement allowance equal to $20.00 per sq/ft which has been subtracted in the cost of
the Leasehold improvements.In the event that the landlord declines to provide an allowance, or provides a lesser allowance, Franchisee’s
cost of developing the Location will increase commensurately.
Leaseholds and Fixtures includes Construction Management Fee. The Estimate does not account for any upgrades/options in respect
of the equipment, leased equipment (signage, dishwasher, communications equipment), or incidental costs incurred at the option of the
Franchisee. All amounts listed above are exclusive of GST, PST, and HST, where applicable. PST or HST (depending on the province) is
payable on most of the above costs, and GST or HST (again, depending on the province) is generally payable on all of the above costs, but
may be recoverable by Franchisee. The Estimate is based, in large part, on Franchisor’s historical experience in developing Joey’s restau-
rants. Franchisee’s actual costs of establishment may vary from the Estimate, based on construction rates in the Franchisee’s region, the
present-day economy, and other factors beyond the Franchisor’s control.