What is the low and high estimated range for the initial franchise fee for a Deka Lash franchise?
Deka_Lash Franchise · 2024 FDDAnswer from 2024 FDD Document
| 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 |
Table 1 Notes
Note 1 – Initial Franchise Fee. We base the initial franchise fee on your acquisition of one territory. We offer a 25% discount for military veterans with proper honorable discharge documentation. If you are acquiring an open and operating Franchised Business, the initial franchise fee is $19,900.
If you have been a franchisee for at least 24 months, we may offer financing of up to 50% of the initial franchise fee of $38,000 for an additional expansion territory, at 10% per annum interest, repaid monthly over 60 months. If you financed $19,000 over 60 months at 10% per annum interest, your monthly payment would be approximately $404.
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 initial franchise fee ranges from $59,900 to $59,900. This fee is based on acquiring one territory. The FDD notes that this fee is non-refundable.
For military veterans with proper honorable discharge documentation, Deka Lash offers a 25% discount on the initial franchise fee. If a franchisee is acquiring an already operating Deka Lash business, the initial franchise fee is $19,900.
Furthermore, if a franchisee has been with Deka Lash for at least 24 months, they may be eligible for financing up to 50% of an initial franchise fee of $38,000 for an additional expansion territory. This financing comes with a 10% annual interest rate, with monthly repayments over 60 months. For example, financing $19,000 over 60 months at a 10% annual interest rate would result in monthly payments of approximately $404.