Contact us:
Mr Simms Olde Sweet Shoppe Ltd
12 St. Mary’s Gate, Stafford ST16 2AS
+44 (0) 1785 256959
info@mrsimms.co
Mr Simms Sweet Shop © 2024
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Investment
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Indicative Costs
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Initial Franchise Fee
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£12,500
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Leasehold improvements (Store Fit Out)
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from £30,000
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Opening Inventory
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from £15,000
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Equipment Purchase Costs incl. POS
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from £2,000
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Supplies
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from £2,000
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Store Launch Marketing
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£1,000
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Estimated Total Investment
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from £62,500
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These figures are estimates of the core investment costs in setting up a Mr Simms store.
It is possible to exceed costs in any of the areas listed and there are additional costs to be considered also.
All figures exclusive of VAT at the standard applicable rate.
INDICATIVE INVESTMENT PLAN
The figures listed below do not include extensive exterior renovations, and the estimated costs outlined in the table (and elsewhere in this document) represent a wide range of possible locations, and operational variables.
We will assist with providing general layout plans, drawings, specifications and the like. You may select your own contractors or use our recommended contractor (who is not only experienced in building Mr. Simms stores but is normally competitively priced). You should obtain at least 2 quotes for comparison purposes.
Beyond those costs listed in the previous table, you should also consider:
- Training expenses (such as travel and hotels)
- CCTV security system (optional but recommended)
- Legal and accounting
- Business licenses, utility, rental deposits
These, together with the general breakdown on the previous page, make up the likely complete up-front investment in setting up a Mr Simms store. These should be considered in your business plan, together with the ongoing running costs of the business.
General costs to be factored in include:
- Monthly franchise fee
- Marketing, Advertising and Promotional Costs
- Insurance
- Stock replenishment and delivery costs
- Staff wages
- Monthly store rental, service charge and rates (if rateable value and service charge are applicable)
- Utility costs
- Maintenance
Additional Investment Costs