What triggers the increase in the Deka Lash 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, the Technology Fee increases from $199 to $399 per month once the studio opens. Initially, franchisees pay $199 per month from the date of signing the franchise agreement until the studio's opening. After the studio opens, the Technology Fee increases to $399 per month per franchise location.
This fee covers technology-related services and software provided by Deka Lash. The FDD also states that Deka Lash can change the monthly fee once per calendar year with 30 days' notice. Any increase would be limited to cover the costs of additional software made available to franchisees.
For prospective franchisees, this means budgeting for the lower Technology Fee during the initial setup phase and planning for the increase once the studio is operational. It is also important to note that Deka Lash retains the right to modify this fee annually, although changes are intended to reflect the cost of new software offerings.