What methods of payment are accepted 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 |
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 is $59,900 and is payable via wire transfer or ACH (Automated Clearing House). This payment is due upon entering into the franchise agreement. For those acquiring an already operating Deka Lash franchise, the initial franchise fee is $19,900.
Notably, Deka Lash offers a 25% discount on the initial franchise fee for military veterans who can provide proper honorable discharge documentation. This reduces the standard $59,900 fee by $14,975, resulting in a lower initial investment for eligible veterans.
For existing franchisees who have been with Deka Lash for at least 24 months, there's a potential opportunity to finance up to 50% of an additional expansion territory's initial franchise fee, capped at $38,000. This financing comes with a 10% annual interest rate, with repayments structured monthly over 60 months. For example, financing $19,000 under these terms would result in monthly payments of approximately $404.
It is important to note that the initial franchise fee, like other fees paid directly to Deka Lash, is non-refundable. Prospective franchisees should consider these payment options and eligibility requirements carefully when evaluating the Deka Lash franchise opportunity.