What is the condition for Deka Lash to change the Technology Fee?
Deka_Lash Franchise · 2024 FDDAnswer from 2024 FDD Document
r. The technology fee is to cover our costs associated with various platforms and support, including personnel expenses, to provide support to the franchise system. Additionally, you will be required to purchase a license for the Point-of-Sale software and other software subscriptions we require. If deemed necessary by us, we can change the technology fee once each calendar year with 30 days' notice to you.
- 4.13 Conventions. We may hold conventions for the franchisees that make up our franchise system. These conventions may be held at a different location each time. Your attendance at each convention is required.
Source: Item 23 — RECEIPT (FDD pages 63–234)
What This Means (2024 FDD)
According to the 2024 Deka Lash Franchise Disclosure Document, Deka Lash can change the technology fee if deemed necessary. Deka Lash can only change the technology fee once each calendar year, and they must provide franchisees with 30 days' notice before the change goes into effect.
The technology fee is used to cover Deka Lash's costs associated with various platforms and support, including personnel expenses, to provide support to the franchise system. In addition to the technology fee, franchisees are also required to purchase a license for the Point-of-Sale software and other software subscriptions that Deka Lash requires.
The initial technology fee is $199 per month per executed franchise agreement from the effective date of the franchise agreement through the date of opening of the studio. After the studio opens, the technology fee increases to $399 per month per franchise location. Franchisees should be aware that this fee can change annually with proper notice.