Currently, we have 1 approved model of EMV credit card reader machine, which must be purchased through our approved vendor (see Items 8 and 11). We require all Stores to be PCI compliant for credit card transactions processed through the Store. This estimate also includes 90 days of software maintenance and support fees at a rate of $449 per Accounting Period, and the cost of security cameras linked through the POS system (which are mandatory with a minimum of 4 cameras). You may fully pay for the POS system at the time of purchase, or a financing program may be available for the hardware and software cost. See Franchise Agreement Section 13.15 for additional information on on-line order entry requirements. MTS also provides the on-line ordering system through third party arrangements. Presently, we have one approved POS system offered by MTS. These advancements may result in additional costs of the POS system beyond what is currently being charged by the provider. The technology environment is rapidly changing, and it is difficult to anticipate the future cost of developing, acquiring, implementing, and licensing POS and related digital technologies, including mobile apps, that may benefit the System. We require all new Stores to install an approved “point-of-sale” (POS) and “online ordering” system. We cannot estimate your costs for buying or leasing land and constructing a building, as these costs vary substantially from market to market, depending on many factors, such as location and the design and construction of the building, as well as fluctuations in the local real estate market. You may also incur real estate broker fees, additional prepayments, “additional rent,” common area maintenance (CAM fees), insurance fees, property taxes, signage fees, operating fees, or other costs, depending on the terms of your lease and the prevailing real estate market in your area. If you lease a location, you are also likely to incur build-out expenses (see note 5 below). Stores typically occupy 1,200 to 1,600 square feet of space, and typical annual rate ranges from $15 and $35 or more per square foot. The estimate provided in the table is based on the following factors: (1) that in the current real estate market, you will be able to negotiate a total rent abatement for the build-out period (that is, before your Store opens) (2) that you will pay a one-month security deposit in addition to the three-month period after your Store opens, for a total of four months’ rent and (3) that you will lease between 1,200 to 1,600 square feet of space for your Store. You will need about 1,200 - 1,600 square feet of space for your location.Ĭommercial rental rates vary rather substantially based upon a wide range of factors. Your location must be in a general area that will allow you to provide delivery services efficiently and conveniently to customers in the area you serve. Real estate costs vary widely from place to place, and franchisees have a wide range of options to choose from in selecting a location. The estimate in the chart is for the space that you will need to operate your Store, through the end of the third month of operation, as described below.
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