When are the Design / Architectural Plans expenses due for a Deka Lash franchise?
Deka_Lash Franchise · 2024 FDDAnswer from 2024 FDD Document
ESTMENT FRANCHISE AGREEMENT
| Fee | Estimated | Estimated | Method of | When Due | To Whom Payment |
|---|---|---|---|---|---|
| Amount Low | Amount High | Payment | is to be Made | ||
| Initial Franchise Fee (Note 1) | $59,900 | $59,900 | Wire / ACH | Upon entering into franchise agreement | U |
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 23–27)
What This Means (2024 FDD)
According to Deka Lash's 2024 Franchise Disclosure Document, the expenses for Design / Architectural Plans are due 'Before Opening' of the franchise. These costs, which range from $1,000 to $5,000, are paid to third-party vendors. The lower end of the estimate is based on using Deka Lash's third-party Furniture, Fixtures, and Equipment provider to lay out the space without needing architectural plans.
The need for architectural plans, and thus the higher cost, arises if the franchisee desires them or if they are required by local regulations. These plans and associated fees can fluctuate depending on the complexity of the space, the layout, and the construction requirements.
Prospective franchisees should confirm with Deka Lash and local authorities whether architectural plans are necessary for their specific location to accurately budget for these expenses. Understanding local requirements and the complexity of the studio design is crucial for managing the initial investment effectively.