| NAME OF EXPENDITURE (EXHIBIT 7 IN FDD) |
ESTIMATED | WHEN DUE | PAYMENT TYPE | WHETHER | TO WHOM PAYMENT |
| AMOUNT | Check or Wire | REFUND- | IS MADE | ||
| LOW-HIGH RANGE* | Transfer | ABLE | |||
| FRANCHISE FEE (1) | $12,500-Mini $6,500 | As Incurred | As Agreed | Partial | Us |
| ROYALTY FEE (1) | 3.5% | 10th following month | As Agreed | No | Us |
| NATIONAL (1) ADVERTISING FEE | 2% | 10th following month | As Agreed | No | Us |
| RENT SECURITY DEPOSIT (4) | $1,500-$5,000 | As Incurred | As Agreed | Yes | Landlord |
| LEASEHOLD IMPROVEMENTS (2) | $35,000-$123,000 | As Incurred | As Agreed | No | Approved Supplier |
| FURNITURE, FIXTURES, EQUIPMENT & INVENTORY (3) | $85,000-$185,000 | As Incurred | As Agreed | No | Approved Supplier |
| SIGNS (3) | $4,000-$14,000 | As Incurred | As Agreed | No | Approved Supplier |
| GRAND OPENING ADVERTISING (5) | $2000-$5000 | As Incurred | As Agreed | No | Us or Outside Supplier |
| ADDITIONAL FUNDS FOR 3 MONTHS (4) | $20,000-$60,000 | As Needed | As Needed | No | Suppliers |
| TOTAL ESTIMATED | |||||
| INITIAL INVESTMENT RANGE(6) | $155,000-$404,500 | Size & Type of space determines final investment cost | |||
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