The Franchise Fix by Aicha Bascaro

Author:Aicha Bascaro [Aicha Bascaro]
Language: eng
Format: epub
Publisher: Morgan James Publishing
Published: 2018-02-14T16:00:00+00:00

Fixed Costs

These are the expenses that may or may not be the same every month, but if they vary they don’t vary because of sales, but because of any other factors. These expenses are normally discussed in terms of dollars and not percentages (except for rent).

Rent – The rent paid, including common area maintenance. The average rent as a percentage of sales can range from 5–15%. This rent can vary greatly from location to location. This is the one number that you will be unable to change for the duration of your lease, and it will most likely go up at the end of your lease. This is a critical piece of your business, and if you are not careful with the lease that you negotiate, it can cause your business to fail before you even open. Do not accept an extremely large lease expense because no matter how amazing the location may seem, you may not be able to cover it.

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