Question 1

How much does it cost to open a Upgrade Labs franchise?

Accepted Answer

The total initial investment for a Upgrade Labs franchise ranges from $752K to $1.5M, according to the latest Franchise Disclosure Document (FDD).

Question 2

What is the Upgrade Labs franchise fee?

Accepted Answer

The initial franchise fee for Upgrade Labs is $65K.

Question 3

What are the net worth requirements for a Upgrade Labs franchise?

Accepted Answer

Net worth requirements for Upgrade Labs are specified in the Franchise Disclosure Document.

Question 4

Does Upgrade Labs require a personal guarantee?

Accepted Answer

Yes, Upgrade Labs requires a personal guarantee from franchisees. A spousal guarantee is also required.

Question 5

What equipment and inventory costs are involved with a Upgrade Labs franchise?

Accepted Answer

Equipment costs for a Upgrade Labs franchise range from $225K to $520K. Initial inventory costs range from $3K to $8K.