The below table will give you an indication of the investment capital required to start an HBI franchise and the fees pertaining to the franchise agreement.

	Investment Details
	Franchise Fees : USD 12,000 Equipment : USD 20,000 – 26,000 Construction : USD 25,000 – 34,000 Investment (including working capital & rental deposits) : USD 50,000 – 60,000 Royalty Fees : 6% Marketing Fees : 3%

Note: Construction costs will vary based upon the size and condition of each location. Equipments can be purchased locally, if available, as per specifications provided by Hotbrands International.

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Disclaimer: This information is not intended as an offer to sell, or the solicitation of an offer to buy, a franchise. It is for information purposes only. Currently, the following states and countries regulate the offer and sale of franchises: in the U.S.: California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Oregon, Rhode Island, South Dakota, Virginia, Washington and Wisconsin. International: Australia, Brazil, Canada (Alberta and Ontario only), China, France, Indonesia, Lithuania, Malaysia, Mexico, Romania, Russia, South Korea and Spain. If you are a resident of one of these states or countries, we will not offer you a franchise unless and until we have complied with applicable pre-sale registration and disclosure requirements in your jurisdiction.