Purchase of a new Turn Key Symposium Cafe restaurant ranges from $625,000 to $675,000 depending on the size of the restaurant, the amount of Leasehold Inducements available from Landlord, the existing infrastructure at the restaurant, and the availability of subtrades and materials. Franchise Fee of $50,000 not included in price.
| Costs over and above purchase of restaurant | Low range | High range |
|---|---|---|
| Rent Deposit | 7500 | 15000 |
| Utility Deposit | 1500 | 4450 |
| Phone Deposit | 250 | 400 |
| Inventory | 18000 | 25000 |
| Office Supplies | 500 | 700 |
| Legal Fees to close the purchase | 2500 | 7500 |
| Government licences (Liquor, Business, etc) | 1500 | 2200 |
| Opening Advertising | 10000 | 15000 |
| Staff Hiring cost (want ads, etc) | 1000 | 1500 |
| Staff Training actual labor Costs | 7500 | 15000 |
| Staff Training - food costs | 1500 | 2500 |
| Working Capital Start up | 25000 | 40000 |
| Corporation Set up fees | 750 | 1250 |
| Small Business Loan Fee (if Financing Req.) | 2500 | 3500 |
| Opening Marketing materials | 5000 | 6000 |
| Travel and Accommodation Costs | 0 | 5000 |