To whom are the Rent & Security Deposits paid when opening 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 |
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 estimated initial investment for rent and security deposits, ranging from $12,000 to $25,000, is paid monthly to the landlord and third-party suppliers. This estimate covers the first three months of operations and includes a security deposit equivalent to one month's rent.
Prospective Deka Lash franchisees should note that rental costs can vary significantly based on geographic location and the size of the selected location. The FDD indicates that the typical location size ranges from 750 to 1,250 square feet. Franchisees should carefully research commercial rental rates in their target market to refine this estimate.
It is important to clarify with Deka Lash which specific payments are directed to the landlord versus third-party suppliers. Understanding the breakdown of these payments will help in budgeting and managing cash flow during the initial months of operation. Franchisees should also confirm whether the security deposit is refundable and under what conditions.