When are the Leasehold Improvements & Project Management expenses due 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 |
| Operations Onboarding & First Stud |
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 expenses for Leasehold Improvements & Project Management are due before opening. These costs are estimated to range from $75,000 to $150,000 and are paid to third-party vendors.
Leasehold improvements involve modifying a retail location to meet Deka Lash's design specifications. This includes constructing a bathroom, walls, flooring, and ensuring proper plumbing, HVAC, lighting, and security systems. The actual cost can vary significantly based on the size and condition of the premises, local market prices for labor and materials, and any tenant improvement allowances negotiated in the lease agreement.
Prospective franchisees should carefully consider these costs and obtain detailed quotes from contractors in their area to develop a realistic budget. Negotiating tenant improvement allowances with the landlord can also help offset some of these expenses. Given the wide range of potential costs, it's crucial to conduct thorough due diligence and seek professional advice before committing to a location.