What is the discounted initial franchise fee for military veterans opening a Deka Lash franchise?
Deka_Lash Franchise · 2024 FDDAnswer from 2024 FDD Document
Note 1 – Initial Franchise Fee. We base the initial franchise fee on your acquisition of one territory. We offer a 25% discount for military veterans with proper honorable discharge documentation. If you are acquiring an open and operating Franchised Business, the i
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 initial franchise fee is $59,900. However, Deka Lash offers a 25% discount on this initial franchise fee for military veterans who can provide proper honorable discharge documentation. This discount lowers the initial franchise fee for qualified veterans.
For a military veteran, the 25% discount on the $59,900 initial franchise fee would amount to a saving of $14,975. Therefore, the discounted initial franchise fee for veterans would be $44,925. This represents a significant reduction in the upfront costs associated with opening a Deka Lash franchise, making it a more accessible opportunity for veterans.
It is important to note that this discount applies only to the initial franchise fee and not to any other fees or costs associated with starting the franchise, such as the Operations Onboarding & First Studio Opening Support Fee, Initial Staff Training & Certification, or other expenses outlined in Item 7 of the FDD. Veterans should carefully review all the costs involved and factor in the discount when assessing their total investment.