​PRELIMINARY FRANCHISE APPLICATION​
Estimated Initial Investment
The initial investment necessary to begin operation of a single unit traditional stand-alone Lee’s Famous Recipe® franchise ranges from $922,200 to $1,283,400 for a new structure, and $384,400 to $646,500 for a reimaged structure, both of which include $40,000 that must be paid to the franchisor or its affiliates. The total investment necessary to begin operation of a single unit streamlined Lee’s Famous Recipe® franchise ranges from $348,500 to $678,700, which includes $40,000 that must be paid to the franchisor or its affiliates. The total investment necessary to begin operation of a single unit non-traditional Lee’s Famous Recipe® franchise ranges from $266,100 to $466,100, which includes $40,000 that must be paid to the franchisor or its affiliates.
We require all prospective franchisees to have a verified minimum of $350,000 in liquid assets. This can be met through any combination of cash, stocks, bonds, mutual funds, retirement accounts, or any other non-borrowed source. A co-applicant may assist in meeting this requirement.