What is the estimated payroll for Deka Lash based on?
Deka_Lash Franchise · 2024 FDDAnswer from 2024 FDD Document
- Note 17 Payroll. Our estimate includes compensation expenses for 4 full-time lash artists paid over 12 weeks.
Payroll expenses can vary significantly depending on local wage and benefits requirements.
We base our estimate on your acting as your own studio manager.
If you hire a studio manager, you will incur additional expenses.
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 payroll is based on compensation expenses for four full-time lash artists paid over 12 weeks. The estimated initial investment for payroll ranges from $23,000 to $35,000.
The FDD indicates that payroll expenses can vary significantly depending on local wage and benefits requirements. The estimate assumes that the franchisee will act as their own studio manager. If a franchisee chooses to hire a studio manager, they should anticipate incurring additional expenses beyond the stated estimate.
Prospective franchisees should research local wage and benefits requirements in their specific area to refine this estimate. They should also consider whether they intend to manage the studio themselves or hire a manager, as this decision will impact their overall payroll costs. This due diligence will help ensure they have a realistic understanding of their potential financial obligations.