Price Check -Construction costs add to tab for expanding franchisors

Some are finding ways to manage the increases, such as modifying designs ‘on the fly’ and switching to lower-cost suppliers for wall decor or murals. But they’re bracing for more hikes as demand rises.

Wingstop has made “significant changes” in design to keep build-out costs flat.

ORLANDO, FL – MAY 2014-Franchise groups kicking off new expansion or renovation projects found rising construction costs did not take a break during the recession. And, as development returns and the demand for contractors and building materials grows, franchise operators need to brace for more price increases ahead.

Construction costs have not stood still over the past five years, as Atlanta-based Workout Anytime can attest. Locations range from 5,000 to 7,000 square feet with an average build-out cost of about $140,000 for a brand new “first generation” shopping center and $160,000 for the renovation of existing “second generation” space. Vice President of Development Randy Trotter estimates costs have increased about $20,000, or 14 percent in the past few years for store build-outs on second generation space. 

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Northboro Builders Unveils New Brand Identity and Website to Serve Growing Franchise Design/Build Market

Leading national design/build firm transforms brand and launches redesigned website to meet the needs of growing national restaurant and retail client base

ORLANDO, FL — May 16, 2013 — Northboro Builders, Inc., the nation’s leading design/build specialist for the restaurant franchise and retail market, today debuted a corporate rebranding initiative, including a newly designed logo/identity mark, as well as a completely redeveloped interactive website. Besides the new corporate look, the Northboro Builders website was redesigned from the ground up with enhanced functionality developed to streamline the company’s ability to communicate with its clients, prospects, contractors and partners nationwide, as well as give site visitors a thorough understanding of Northboro’s comprehensive array of construction and project management services. The site details their complete customized turnkey solutions, offering clients everything from architecture and design to permitting, construction and equipment procurement.

Northboro’s new corporate identity, which has been in development for several months, is meant to reflect the contemporary, edgy nature of the retail market that most of the firm’s clients operate in, while showcasing Northboro’s unique flare, solidity and strength.

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