What is the estimated low and high range for Rent & Security Deposits 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 | 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 estimated initial investment for rent and security deposits ranges from $12,000 to $25,000. This cost is paid monthly to the landlord and third-party suppliers, as arranged.
The estimate covers the first three months of operations and includes a security deposit equivalent to one month's rent. Deka Lash specifies that the franchise location should be approximately 750 to 1,250 square feet. The document notes that rental costs can vary significantly based on geographic location and the size of the selected location.
Prospective franchisees should conduct thorough market research to understand the specific rental costs in their target area. Negotiating lease terms and understanding local market conditions are crucial steps in managing this aspect of the initial investment. It would be prudent to consult with a real estate professional experienced in commercial leasing to assess potential locations and negotiate favorable lease terms.