Jason Anderson
speaker
422 appearances
2 recordings
1 series
first heard Jan 2020
last heard Apr 2020
Jason Anderson’s voice in public audio — every appearance, attributed to the second.
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Appearances
And another thing that makes this unique is where our locations are typically larger than some of your uh other concepts that you see in the space.
Where our average this year now has moved up to about twenty thousand square feet and our minimum is fifteen.
So we have some locations that are approaching the forty thousand square foot mark.
So when you look at a thirty thousand square foot space
Uh that's a lot of construction, design, furniture, technology that goes into that space.
And also the build out.
Uh, one of the things to consider, Stan, is that we have a fully vetted I'm still a licensed real estate broker in three states.
We have an internal real estate team.
We work.
with the franchisees on securing that real estate.
So per our F D D we averaged
right at right over a million dollars in tenant improvement for our franchisees.
So if you're looking at a three million dollar project, that's a million dollar right off the top.
A million dollars right off the top that the landlord is contributing.
We also then averaged eight months free rent in the negotiation.
So if you start building out a P N L or Performa, which all of our franchise do franchisees do on their own or with their accountant and through a process and we can give them
point with that is is we're averaging a million dollars in T I, eight months free rent.
If you start building out what a financial model looks like, you could see how those numbers could grow very substantially.
substantiated
by data that does not really exist in most franchise industries.
Showing 341–360 of 422 · page 18 of 22
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