HOW TO SET YOURSELF UP TO START YOUR NEW BUSINESS ON THE BEST FOOT.
HOW TO SET YOURSELF UP TO START YOUR NEW BUSINESS ON THE BEST FOOT
SETUP COSTS
The total cost for setting up your own Nutrition Station franchise will vary from site to site depending on size of the location and other considerations. A new Nutrition Station store will cost between $280,000 – $450,000 + GST. This price includes franchise fee, preparation of franchise agreements, training and store opening, design and store fit out, equipment purchases and opening inventory. It is also recommended that you have working capital available to the business is in its early stages, to fund local area marketing and other costs. You will receive further breakdown and additional information once you have progressed through the application process.
In addition the landlord will require a bank guarantee for approximately 2-3 months of rent. You may receive a contribution back from your landlord. The availability and amount will vary site to site.
HOW MUCH CASH DO I NEED TO START AND HOW MUCH CAN I BORROW?
We recommend that you contribute a large share of the purchase price. There are many options where this may come from and may be cash saved, equity from property, funding from family/friends, investment from a business partner.
There are other options for financing parts of the costs including applying for a business loan or using equipment finance for the equipment costs.
WHAT ARE MY ONGOING COSTS FROM OPERATING A NUTRITION STATION?
Standard ongoing costs from running a Nutrition Station are listed below.
– Franchise royalty 6% of sales.
– Marketing 2% of sales.
– Point of Sale Licence $200.00 per month.
– Cost of Goods sold.
– Wages Costs.
– Occupancy Costs.
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