What is the initial franchise fee for a new single-unit Deka Lash franchise?
Deka_Lash Franchise · 2024 FDDAnswer from 2024 FDD Document
[Item 5: INITIAL FEES]
Single-Unit Franchises
The initial franchise fee is $59,900 or $19,900 if acquiring an already open and operating Franchised Business ("Initial Franchise Fee").
The initial franchise fees are fully earned and non-refundable upon signing of the franchise agreement and receipt of the funds by us.
If you fail to successfully complete the initial training program or fail to open the Franchise within the time limits expressed in the Franchise Agreement, we may terminate the Franchise Agreement and retain the entire Initial Franchise Fee.
Source: Item 5 — INITIAL FEES (FDD pages 12–15)
What This Means (2024 FDD)
According to Deka Lash's 2024 Franchise Disclosure Document, the initial franchise fee for a single-unit franchise is $59,900. However, if a franchisee is acquiring an already open and operating Deka Lash franchise, the initial franchise fee is reduced to $19,900. These initial franchise fees are fully earned by Deka Lash upon the signing of the franchise agreement and receipt of the funds, and are non-refundable.
It is important to note that if the franchisee fails to successfully complete the initial training program or fails to open the franchise within the specified time limits outlined in the Franchise Agreement, Deka Lash has the right to terminate the agreement and retain the entire initial franchise fee. This highlights the importance of thorough preparation and adherence to the franchisor's guidelines to protect the franchisee's investment.
In addition to the initial franchise fee, new franchisees must also pay an Operations Onboarding & First Studio Opening Support Fee of $5,450, as well as a Non-Refundable Training Fee of $3,750. Franchisees are also expected to purchase an opening package of inventory and supplies that costs approximately $13,500. Deka Lash also offers a 25% discount on the Initial Franchise Fee for the first Franchise Agreement signed by an honorably discharged veteran of the U.S. military that purchases through the VetFran program.