When does the current lease for Dermani Medspa's office space expire, and until when can it be extended?
Dermani_Medspa Franchise · 2025 FDDAnswer from 2025 FDD Document
olly owned by the sole member of the Company, made advances in the amount of $30,000 to the Company. The funds were provided by Vinings to meet current obligations. The advance from Vinnings was non‐interest bearing and was repaid in 2023.
The Company executed a Trademark and System License Agreement (the "Trademark Agreement") on April 22, 2019 with Lazcoz, LLC (the "Licensor" ). The Licensor is the owner of a format and system (the "System" ) relating to the establishment, operation, management and franchising of medical spa c
Source: Item 23 — RECEIPTS (FDD pages 66–311)
What This Means (2025 FDD)
According to Dermani Medspa's 2025 Franchise Disclosure Document, the company has a lease for its office space that commenced on March 26, 2021, with an initial term of 63 months. This means the current lease is set to expire on June 25, 2026.
The lease agreement includes an option for Dermani Medspa to extend the lease for an additional 60 months. If Dermani Medspa exercises this option, the lease can be extended through July 1, 2031.
The lease terms also specify that after an initial three-month suspension of lease payments, the monthly lease expense is $3,612, with a 3% annual increase. This information is crucial for prospective franchisees as it provides insight into the company's financial obligations and potential lease terms they might encounter when securing a location for their own Dermani Medspa franchise.