To whom is the payment for Initial Staff Training & Certification made 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 Studio | $5,450 | $5,450 | Wire / ACH | Upon entering into | Us |
| Opening Support Fee (Note 2) | franchise agreement | ||||
| Initial S |
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 payment for the Initial Staff Training & Certification, which ranges from $3,750 to $3,750, is made to 'Us,' meaning the franchisor, Deka Lash. This payment is due upon entering into the franchise agreement and is typically handled via wire or ACH transfer. Note 3 clarifies that this fee is the Non-Refundable Training Fee referenced in Item 5.
Prospective franchisees should note that this fee is non-refundable, regardless of whether the training is completed or if the franchise agreement is terminated. This is a standard practice in franchising, as the franchisor incurs costs in setting up and providing the training. Franchisees should budget accordingly and ensure they understand the terms of the training program before signing the franchise agreement.
Understanding where your money goes during the initial investment phase is crucial. The FDD provides a breakdown of to whom each payment is made, allowing potential franchisees to see how much is paid to Deka Lash directly versus third-party vendors. This transparency helps in financial planning and due diligence.