How often are Deka Lash convention fees collected, and when are they due?
Deka_Lash Franchise · 2024 FDDAnswer from 2024 FDD Document
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| Fee | Amount | Due Date | Remarks |
|---|---|---|---|
| Conventions | Currently, $750 per ownership group. This covers up to two attendees. For any additional attendee, $375 per person will be charged. | Due as specified in our Operations Manual. Currently we collect this in 24 semi-monthly payments payable at the same time as your royalty payment and other recurring payments. | You are required to attend our Conventions. You will be charged a reasonable convention fee for you and your employees to attend conventions or conferences that we host. Currently this fee is $750 per ownership group (for up to two attendees) but may change depending on increases in food & beverage, venue, production, and other costs charged by third parties. You are also responsible for all costs and expenses of travel, lodging, meals, entertainmen |
Source: Item 6 — OTHER FEES (FDD pages 15–23)
What This Means (2024 FDD)
According to Deka Lash's 2024 Franchise Disclosure Document, attendance at conventions is mandatory, and franchisees will be charged a convention fee for themselves and their employees. Currently, the convention fee is $750 per ownership group, which covers up to two attendees. There is an additional charge of $375 per person for any additional attendees.
The convention fees are collected in 24 semi-monthly payments, coinciding with royalty and other recurring payments. The FDD specifies that the fee amount may change due to increases in costs related to food, beverage, venue, production, and other third-party charges.
In addition to the convention fee, franchisees are responsible for covering all travel, lodging, meals, entertainment, wages, and salary expenses for themselves and their employees. This means that while the base convention fee is paid in installments, franchisees should also budget for these additional, potentially substantial, costs associated with attending the Deka Lash conventions.