When are the Rent & Security Deposits due 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 | ||
| Rent & Security Deposits (Note 7) | $12,000 | $25,000 | As Arranged | Monthly | Landlord & Third- party suppliers |
Note 7 - Rent and Security Deposit. You will need to rent a location containing approximately 750-1,250 square feet. Rent is based on commercial facility for the first 3 months of operations including security deposit for one month's rent. Rental costs vary considerably by geographic area and the size of the location you select, among other factors.
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 23–27)
What This Means (2024 FDD)
According to Deka Lash's 2024 Franchise Disclosure Document, rent and security deposits are due monthly to the landlord and third-party suppliers. The estimated initial investment for rent and security deposits ranges from $12,000 to $25,000. This estimate covers the first three months of operations and includes a security deposit equivalent to one month's rent.
The FDD notes that rental costs can vary significantly based on geographic area and the size of the location. Deka Lash franchisees typically rent a location containing approximately 750-1,250 square feet. Prospective franchisees should carefully consider local market conditions and lease terms when budgeting for these expenses.
It is important to note that these figures are estimates, and actual costs may vary. Deka Lash recommends that franchisees review these figures carefully with a business advisor before making any decision to purchase the franchise. Understanding the specific lease terms and local market rates is crucial for accurately projecting these ongoing expenses.