Where can I find the Deka Lash Area Development Agreement?
Deka_Lash Franchise · 2024 FDDAnswer from 2024 FDD Document
velopers**
At our discretion, we may offer to qualified candidates an Area Development Agreement, attached to this Franchise Disclosure Document as Exhibit C, according to which the area developer ("Area Developer") obtains the right to develop and operate a prescribed number of Franchised Businesses over an agreed-upon period of time. Currently, we offer qualified candidates the right to enter into an Area Development Agreement to operate multiple Franchised Businesses in a quantity from 2-10, with the payment of the development fee ("Development Fee"), which is in lieu of the initial franchise fee, as follows:
| Number of Franchised Businesses | Development Fee |
|---|---|
| 2 Franchised Businesses | $97,900 |
| 3 Franchised Businesses | $114,900 |
| 4 Franchised Businesses | $148,900 |
| 5 Franchised Businesses | $179,900 |
| 6 Franchised Businesses | $210,900 |
| 7 Franchised Businesses | $241,900 |
| 8 Franchised Businesses | $272,900 |
| 9 Franchised Businesses | $303,900 |
| 10 Franchised Businesses |
Source: Item 5 — INITIAL FEES (FDD pages 12–15)
What This Means (2024 FDD)
According to Deka Lash's 2024 Franchise Disclosure Document, the Area Development Agreement is attached to the FDD as Exhibit C. This agreement is offered at Deka Lash's discretion to qualified candidates who want to develop and operate multiple franchise locations.
The Area Development Agreement allows an area developer to operate between 2 and 10 Franchised Businesses over a specific period. The Development Fee, which is paid instead of the initial franchise fee, varies depending on the number of franchises the developer commits to open.
For example, the Development Fee for 2 Franchised Businesses is $97,900, while the fee for 10 Franchised Businesses is $334,900. This fee is fully earned and non-refundable once the Development Agreement is signed and Deka Lash receives the funds. If the area developer fails to meet the obligations outlined in the Area Development Agreement, such as completing the initial training program or opening franchises within the specified time limits, Deka Lash may terminate the agreement and retain the entire Development Fee.