How much notice will Deka Lash provide before increasing the Technology Fee?
Deka_Lash Franchise · 2024 FDDAnswer from 2024 FDD Document
| Fee | Amount | Due Date | Remarks |
|---|---|---|---|
| Technology Fee | $199 per month per executed franchise agreement from date of signing franchise agreement through the date of opening of the studio. $399 per month per franchise location thereafter. | 5 th day of the month for the preceding month, or as specified in the operations manual. | If deemed necessary, we can change monthly fee once a calendar year with 30 days' notice. Any increase would be limited to cover costs of additional software made available to franchisees. |
Source: Item 6 — OTHER FEES (FDD pages 15–23)
What This Means (2024 FDD)
According to Deka Lash's 2024 Franchise Disclosure Document, Deka Lash will provide franchisees with 30 days' notice before increasing the Technology Fee. The Technology Fee is $199 per month per executed franchise agreement from the date of signing the franchise agreement through the date of opening of the studio. After the studio opens, the fee increases to $399 per month per franchise location.
The FDD specifies that Deka Lash can change the monthly Technology Fee once a calendar year, provided they give 30 days' notice. Any increase to the Technology Fee would be limited to cover the costs of additional software made available to franchisees.
This means that a prospective Deka Lash franchisee should be aware that the Technology Fee can increase, but Deka Lash is limited to increasing it only once per calendar year. The franchisee will receive 30 days' notice before any such increase. The increase must be related to the cost of new software provided to the franchisee.