Based on these requirements, a comparable company to look at would be Smashburger, another regional burger chain founded in 2007 in Denver. The estimated cost to open a Smashburger franchise is in the range of $604,260 to $1,962,100, of which a significant portion of it comes from leasehold improvements.
Of which a significant portion of it comes from leasehold improvements. However, the average Smashburger store is between 1,600 and 2,200 square feet and seats 40 to 70 customers, which means that In-n-Out stores are significantly larger and drive in more traffic than a Smashburger.
Which means that In n Out stores are significantly larger and drive in more traffic than a Smashburger. Thus, it can be estimated that an In n Out franchise would cost significantly more than a Smashburger.
Franchise Agreement
Type of Expenditure |
Amount |
Method Of Payment |
When Due |
To Whom Payment Is To Be Made |
Initial Fees |
$40,000 |
Lump Sum |
On Execution |
Us |
Leasehold Improvements |
$388,100 – $1,220,800 |
As Arranged |
As Invoiced |
Landlord/Suppliers |
Furniture, Fixtures and Equipment |
$43,400 – $176,900 |
As Arranged |
As Invoiced |
Suppliers |
Signane |
$5,500 – $34,700 |
As Arranged |
As Invoiced |
Suppliers |
IT, POS System |
$21,900 – $49,500 |
As Arranged |
As Invoiced |
Suppliers |
Three Month’s Rent |
$15,500 – $75,600 |
As Arranged |
As Invoiced |
Landlord |
Security Deposit, Business Licenses |
$1,560 – $50,000 |
As Arranged |
As Incurred |
Landlord/Suppliers, Professional SVC. Firms |
Opening Inventory and Supplies |
$15,000 – $20,000 |
As Arranged |
As Invoiced |
Suppliers |
Grand Opening Advertising |
$10,000 |
As Arranged |
As Invoiced |
Suppliers |
Training Expenses |
$34,000 – $181,700 |
As Arranged |
As Invoiced |
Suppliers and Employees |
Grand Opening Assistance |
$0 – $30,000 |
As Arranged |
As Invoiced |
Us |
Miscellaneous Opening Costs |
$500 – $5,000 |
As Arranged |
As Invoiced |
Suppliers, State Agencies and Employees |
Professional Fees |
$5,000 – $15,000 |
As Arranged |
As Invoiced |
Supplier Professionals |
Insurance Premiums – 3 Months |
$10,000 – $20,000 |
As Arranged |
As Invoiced |
Insurance Carrier |
Liquor Licensing |
$1,600 – $11,400 |
As Arranged |
As Invoiced or On Filing For License |
Suppliers and Government Agency |
Lease Review Fee |
$1,500 |
Lump Sum |
Submission of Lease |
Us or Our Affilites |
Additional Funds – 3 Months |
$10,000 – $20,000 |
As Arranged |
As Incurred |
Suppliers and Employees |
Total Estimated Initial Investment |
$604,260 – $1,962,100 |
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