What is included in the Deka Lash payroll estimate?
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 payroll estimate includes compensation for four full-time lash artists over a 12-week period. The estimated initial investment for payroll ranges from $23,000 to $35,000. This estimate assumes that the franchisee will act as their own studio manager.
The FDD notes that payroll expenses can vary significantly based on local wage and benefit requirements. If a Deka Lash franchisee chooses to hire a studio manager, they should anticipate additional payroll expenses beyond the stated estimate.
Prospective franchisees should consider local wage laws and typical benefits packages in their area when forecasting actual payroll costs. It is important to note that the payroll estimate covers only the initial 12 weeks of operation, and ongoing payroll expenses will need to be factored into the overall operating budget. Franchisees should also consider whether they will manage the studio themselves or hire a manager, as this decision will impact payroll costs.