What is the estimated high amount for the initial franchise fee for a Deka Lash franchise?
Deka_Lash Franchise · 2024 FDDAnswer from 2024 FDD Document
| 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 | Us |
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 estimated to be $59,900. This fee is based on acquiring one territory and is payable via wire or ACH upon entering into the franchise agreement with Deka Lash. The payment is made directly to Deka Lash.
It is important to note that this fee is non-refundable, as stated in the notes accompanying Table 1 of Item 7. However, Deka Lash offers a 25% discount on the initial franchise fee for military veterans with proper honorable discharge documentation. Additionally, for franchisees who have been with Deka Lash for at least 24 months, there may be an opportunity to finance up to 50% of an initial franchise fee of $38,000 for an additional expansion territory, subject to certain terms and conditions.
Prospective franchisees should be aware that the initial franchise fee is just one component of the total initial investment required to start a Deka Lash franchise. Other costs, such as operations onboarding, staff training, travel, and real estate, must also be considered. Reviewing the complete Item 7 of the FDD and consulting with a business advisor is crucial to understanding all the financial obligations involved in opening a Deka Lash franchise.