Here is the itemized breakdown of costs to open a Midwest Shooting Center franchise,
as reported in the 2024 FDD Item 7 (Estimated Initial Investment).
Initial Franchise Fee
Lump sum; the Initial Franchise Fee is $40,000 for a defined territory which includes our self-study program, a comprehensive two part initial training program, onsite assistance and website setup. This franchise fee is non- refundable. · At signing of the Franchise Agreement.
$40,000
Leasehold Improvements
As incurred; the costs to construct interior alterations, improvements lighting, decor and sound proofing for the facility all of which will depend on the extent of the renovations needed and any allowance you negotiate with your landlord for construction. · Before Opening.
$758,500 – $1,700,000
Real Estate
As incurred; estimated expenses for your business location and is based on leasing a 10,000 to 30,000 square foot facility. This estimate includes first month's rent plus a security deposit. · Before Opening.
$47,000 – $51,000
Start Up Inventory
Lump sum: estimates for a startup inventory of approved products and supplies necessary for your first month of operation. · Before Opening.
$388,000 – $893,000
Equipment, Furniture and Fixtures
As incurred; estimated expenses for all equipment, furniture, and fixtures necessary for the operation of your Business. · Before Opening.
$237,000 – $270,000
Technology
As incurred for a computers, laptops, tablets, POS system, a server, software, printer, copier, router, modem, pager system, flat screen televisions, camera surveillance system, security alarm system, phones and a sound system. · Before Opening.
$52,500 – $62,000
Signage
Lump sum; estimated cost for the delivery and installation of exterior and interior signage including window graphics. We specify and provide you with the guidelines in the Operations Manual. Signage expenses are not refundable. · Before Opening.
$20,900 – $35,000
Uniforms
Lump sum; this is an estimate for a minimum number of logoed polo shirts for your managers and employees. · Before Opening
$650 – $1,000
Travel, Lodging and Meals for Initial Training Program
As incurred; training held at corporate headquarters. You are responsible for all costs associated with attending such as travel, room and board for each person. Estimates provided are costs for one person. Additional training is available at your request for which an additional training fee of up to $400 per person per day may be required. · As Incurred.
$4,300 – $7,000
Additional Funds (3 months)
As incurred; additional funds necessary for start-up of your Business which includes working capital. · Spent over the course of first three months.
$150,000 – $300,000
Staffing
As incurred; you will need to hire mangers, part-time associates and part-time instructors. Some franchisees may also need to hire a general manager. The low-end estimate takes into account you are the general manager, you hire one membership manager, you hire all associates and instructors. The high-end estimate takes into account that you hire all positions including a general manager. · Spend over the course of four months prior to opening and the first month your Business is open for operation.
$45,500 – $73,600
Grand Opening Marketing
As incurred; marketing will vary depending on several factors including your business plan, growth rate and cost of media in your area. Includes minimum amount of $44,500 for grand opening expenses, which must be spent three months prior and two months after the Business is open for operation. · Over the course of five months.
$44,500 – $60,000
Insurance
Lump sum: before commencing operation of the Business and as required by the insurance company. · Spent over the course of 12 months.
$30,000 – $38,000
Business Licenses, Permits, Certifications and other Professional Fees
As incurred; licenses, permits and certifications required to operate your Business and any professional legal and accounting fees incurred. · Before Opening.
$8,800 – $21,000
Utilities
As incurred; costs will vary due to policies of local utilities and this estimate includes a utility deposit. · Before Opening.
$1,000 – $5,000
Total Estimated Investment
$1,828,650 – $3,556,600
