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The following table provides an estimate of your initial investment for the construction of one co-brand or free-standing Hartz Restaurant:

EXPENSES - LOW TO HIGH
Initial Franchise Fee: $20,000
Expenses While Training: $5,000 to $8,500
Land: $0 to $350,000
Site Work & Paving: $0 to $125,000
Building Costs: $100,000 to $225,000
Signs & Menu Boards: $15,000 to $40,000
Furniture, Fixtures & Equipment: $125,000 to $175,000
Insurance: $2,200 to $3,500
Opening Inventory: $2,500 to $5,000
Misc. Expenses: $1,200 to $3,600
Security & Utility Deposits: $2,100 to $3,000
Advertising: $5,000 to $5,000
Additional Funds for Three Months: $10,000 to $30,000
TOTAL $288,000 TO $993,600

*Note: This information is given only as a guideline and may or may not be accurate. There may be other factors to consider when determining the actual cost of opening an HFR Franchise in your market. All costs are estimated as of December 2001 and will vary depending upon location, size of restaurant and architectural requirements. Cost estimates apply only to restaurants within the United States.